Why You Should Never Sell Your Bitcoins Ever

[lionheart78]

Never selling bitcoins doesn't make any sense as you are investing your money into it to make profits and if you don't sell them when price goes higher then your purchase then what's the use of investing money in bitcoins? So if its giving me good profits then I will not hesitate in selling part of them to grab the profits and rest will hold for the future.

I agree with you, but it seems he was referring to a particular timeline (maybe currently) because it makes no sense if you deprive yourself of your own investments ever. I think you can hold it and be smart about it-sell and buy when necessary or investment for your kids in future so clearly there's a need for a timeline.

OP does not butt in here to clear himself but it is clearly stated to not sell Bitcoin ever.  So Definitely the logic of what he typed is broken.  So whatever our opinion about this matter is out because it is what he right that we are referring to.  On the other note, I agree with you the we should not deprive ourself of our own investment, so my thinking is to not ever listen to the OP ever.

[Viscore]

Never selling bitcoins doesn't make any sense as you are investing your money into it to make profits and if you don't sell them when price goes higher then your purchase then what's the use of investing money in bitcoins? So if its giving me good profits then I will not hesitate in selling part of them to grab the profits and rest will hold for the future.

I agree with you, but it seems he was referring to a particular timeline (maybe currently) because it makes no sense if you deprive yourself of your own investments ever. I think you can hold it and be smart about it-sell and buy when necessary or investment for your kids in future so clearly there's a need for a timeline.

OP does not butt in here to clear himself but it is clearly stated to not sell Bitcoin ever.  So Definitely the logic of what he typed is broken.  So whatever our opinion about this matter is out because it is what he right that we are referring to.  On the other note, I agree with you the we should not deprive ourself of our own investment, so my thinking is to not ever listen to the OP ever.

In the end it's our decision matters, so it's our job to evaluate what people are saying. Listen to those people who gives more valid suggestions and make further reasearch on it. Remember that if you already make a decision you have to go with it, and be a man to accept whatever the outcome of your decision.

[boyptc]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

[sportis]

--snip--

For me its not a good idea to stay hold your bitcoin for a long time and i think bitcoin will never be fiat it will be still as alternative payment online. since bitcoin is just like the same as other payment method paypal or vcc online is actually the same as bitcoin but the different bitcoin is not instant and anytime the payment can be reverse.. that is why they are waiting for 3 confirmation thant vcc its really instant..
For me if i have bitcoin if the price is increasing i will sell few bitcoin and the rest i sell it if the price continues to increased..

It seems clear to me that you have confused so many things in your mind. All of these payment systems are so different each other starting that paypal; and what is vcc? maybe visa? have so many different concept, are centralized ones instead of decentralized bitcoin and so on. As far as it concerns about instant payment with visa do you really believe any time you pay with visa money leave your account instantly and go to merchant's account? No, for credit cards take up to 3 working days and till then are pending transactions. Moreover about bitcoin network confirmations take a look here https://en.bitcoin.it/wiki/Confirmation

[emezh10]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

I agree 100%. We all earn bitcoins for our self to buy stuffs and help our family so just what you said what is the point of saving if your not going to spend it. I invest and earn bitcoins for my future and that means that I am going to spend it in the future in the right time and even now If I need it. So I am totally agree with you mate. Earn bitcoins to spend it.

[Jasad]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

i think the meaning of 'never' here means different ,
doens't mean you really will never ever sell , but it is exaggerate words ,
mean you have to hold as long as possible feel like you will never sell it ,
at some point of course you have to sell it but not now in the near future.

[angaper]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

i think the meaning of 'never' here means different ,
doens't mean you really will never ever sell , but it is exaggerate words ,
mean you have to hold as long as possible feel like you will never sell it ,
at some point of course you have to sell it but not now in the near future.

But even the possibility of really never sell his coins is a respectable decision, because I have met some bitcoiners that are seriously thinking about the possibility of storing bitcoins to inherit them to their children, and it talks about their faith, confidence and commitment with the future of bitcoin.

[BitcoinPanther]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

i think the meaning of 'never' here means different ,
doens't mean you really will never ever sell , but it is exaggerate words ,
mean you have to hold as long as possible feel like you will never sell it ,
at some point of course you have to sell it but not now in the near future.

But even the possibility of really never sell his coins is a respectable decision, because I have met some bitcoiners that are seriously thinking about the possibility of storing bitcoins to inherit them to their children, and it talks about their faith, confidence and commitment with the future of bitcoin.

And yet the never sell Bitcoin ever will then fail, since after giving it to their grand children, this kids will convert it to cash for sure.  The intention of the advise is good but somehow not selling Bitcoin ever is just a dumb idea.  I will alway sell my BTC whenever I see a profit and buy them again if it goes down.  Or cut loses if  Bitcoin price crumble back to cens, than not selling it and left with worthles coin if worst thing happen.

[uneng]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

i think the meaning of 'never' here means different ,
doens't mean you really will never ever sell , but it is exaggerate words ,
mean you have to hold as long as possible feel like you will never sell it ,
at some point of course you have to sell it but not now in the near future.

But even the possibility of really never sell his coins is a respectable decision, because I have met some bitcoiners that are seriously thinking about the possibility of storing bitcoins to inherit them to their children, and it talks about their faith, confidence and commitment with the future of bitcoin.

And yet the never sell Bitcoin ever will then fail, since after giving it to their grand children, this kids will convert it to cash for sure.  The intention of the advise is good but somehow not selling Bitcoin ever is just a dumb idea.  I will alway sell my BTC whenever I see a profit and buy them again if it goes down.  Or cut loses if  Bitcoin price crumble back to cens, than not selling it and left with worthles coin if worst thing happen.

I agree with you. It's a bad idea to don't sell it. To make bitcoin or any other currency worthful it must be traded, sold, bought... If there isn't movimentation the currency will die and those holding will have few cents in bitcoins left.
Use bitcoin as normal currency or try to do it, as it's hard to use it daily for now. If we do this the currency will continue growing and bringing more persons to use it.

[EdenHazard]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

I agree 100%. We all earn bitcoins for our self to buy stuffs and help our family so just what you said what is the point of saving if your not going to spend it. I invest and earn bitcoins for my future and that means that I am going to spend it in the future in the right time and even now If I need it. So I am totally agree with you mate. Earn bitcoins to spend it.

indeed , but you know the more people holding bitcoin the higher bitcoin price will be.

currently bitcoin price keep improving , so holding bitcoin for very long long time are worth , and that is why op speculating about how you should never sell not in the true meaning to really never convert/sell it.

[dihari]

Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.

The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??

If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.

If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.

Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?

I am sorry, I really don't understand. Okay it's free to give an opinion and that is yours.
For me, peoples will sell bitcoin if it touch $10.000 is the right way to get some big profit. Why? Because bitcoin is not like fiat. It's not same. Bitcoin has an extremely fluctuations, it's not stable on the price. If you think the fiat will be worthless is bitcoin touch the highest price, you totally wrong.

[bravehearth0319]

maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.

[STT]

It is a better idea to exchange bitcoin for goods not sell for fiat because theres a better chance the shop you sell to will also exchange their bitcoin for services.   They might even pay their staff in bitcoin who knows, it could be useful to them across borders to do so.
However its not massively different to shop with bitcoin then to sell for fiat then shop, usually when you buy with bitcoins the shop is just using an exchange service and the bitcoin will resurface at a local buy/sell site.
  Hopefully the market develops, no swaps to fiat increases velocity within bitcoin and makes the entire system more valuable which leaves your change left over from the purchase likely with more worth.

Never sell is a bit extreme, hold enough of every type of currency you might need in the next 12 months.  I swap some crytpo over to precious metals storage also, only a bit as its more long term

[KennyR]

Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.

[Botnake]

Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.

That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success.

[Zisove28]

Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.

That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success.

Any investment - is the risk. We must reduce these risks and to keep the rate of Bitcoin.
And I am sure that each of us has determined the price at which he is willing to sell Bitcoin.

[bit1]

If one day I will not sell my bitcoins, why I am investing my money in bitcoin now? I mean it is pointless to have something if you will not use it one day in the future. For example, I have 1 bitcoin now but I don't use it. What is the meaning of to have it? Just wasting time, energy and also money.

Yes you have the point that's why the title itself is misleading. And if doing 'never' sell is just a crazy thing to invest for. Of course that's why we are investing in bitcoins because we know that it is going to give us good profit upon selling them when it reaches higher price. And that's the main reason why we must sell our bitcoins but in the right time, not never.

I agree 100%. We all earn bitcoins for our self to buy stuffs and help our family so just what you said what is the point of saving if your not going to spend it. I invest and earn bitcoins for my future and that means that I am going to spend it in the future in the right time and even now If I need it. So I am totally agree with you mate. Earn bitcoins to spend it.

indeed , but you know the more people holding bitcoin the higher bitcoin price will be.

currently bitcoin price keep improving , so holding bitcoin for very long long time are worth , and that is why op speculating about how you should never sell not in the true meaning to really never convert/sell it.

What you mention is a key factor as to why price continues growing, people may now buy and are no longer eager to sell as before to get quick profit, because they realized that they had to buy back at a more expensive price that would detract from their profits, so the less need to sell of peoples together with the reduction of the reward of the blocks, has made that available  Btc  in the markets is much smaller than before and this has resulted in the price has grown so significantly with the passage of the time, so indeed the title makes sense  about take into consideration the above, although this does not mean that it will always be like this, in the same way if someone is cautious the title could be taken in consideration, but that is everyone's responsibility.

[ManOnTheMoon]

Unlike other commodities bitcoin has got a standardization as well its value even on fluctuations doesn't make a big loss to its users. So for this reason even the long holding won't affect the users.

That depends on the economic status, right now, we can tell bitcoin's economy is very progressive but we do not know what the future will bring. It could continue to progress or may fail, what we are doing which holding bitcoin for the long term is very risky, however as our trust is very high, we risk and hope for success.

Holding bitcoins is a good way to make profits in future but that doesn't mean that you should never sell them as if you will never sell then you will never make profits out of it so if a price is allowing you to make good profits then you should sell some of your coins in order to enjoy profits and rest hold for future hoping to see much more higher price.

[deppil]

maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.

one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price rise

[Maslate]

maybe because they believed that someday bitcoin value will increase up to 2000$, though right now is 1000$, but nothing is impossible if the demand of the community will be in high volume, due to its very unique concepts of bitcoin.

one of the reasons why I had to hold my bitcoin is because I'm sure the prices in the next few weeks will be higher than now. so I held my bitcoin and be patient for the price rise

I hope you are right, I am with you with holding our bitcoins, I thought a drop will start when the price was stable back at $1,000 for awhile, but now seems like the surge is starting again. Really nice to see this price moving in upward direction, especially when we are holding an decent volume of bitcoins.