Why You Should Never Sell Your Bitcoins Ever

[hankyulpark]

When people talk about "selling" their BTC, they are obviously talking about to spend it in some way. I don't think that its necessary a global collapse to BTC's worth reach the $10.000 level. Its market cap still is small when compared with other assets in the financial world (Apple worth, for instance). What I'm saying is that  BTC price still has much room to grow, if we do the right things to improve it.

[richardsNY]

If ever bitcoin reaches 10,000$ each  of course I will sell some of my bitcoins. And what is the main reason of r us not to sell bitcoin if the value is already come up with the peak amount? what is the essence of a years waiting, if that's the thing we will do. Its kind of a bad idea of not selling it.

People never selling is utter nonsense, and that's also not what OP meant. It would be clear for a lot people if they took the effort to actually read further than only the title. Other than that, the far majority of the people will at some point (far before reaching the $10,000 level) get tempted to cash out a certain portion of their coins. Bitcoin's volatile nature lends itself perfectly for people trading the up and down waves in order to increase their coin quantity.

[marcuslong]

For me we should not sell our bitcoin right now since bitcoin price is increasing slowly I'm pretty sure that bitcoin will be at 1200 dollar per coin again if this hit the price estimated then sell and wait for the price to decrease and then buy and trade into altcoins or invest it while waiting for price increase again this is the basic needs to make income.

[LeGaulois]

The thing to consider and think about is: Bitcoin is a currency and it should be used as a currency..  If everyone were holding their bitcoins in their wallet and never sell, the situation would not be the same as it is today. Bitcoin is a currency, we need currency to buy foods, pay bills,ect. Bitcoin as a currency should be used the same. Of course like you save money with fiat, you can save bitcoin too as well.
Bitcoin is a currency not a stamp you collect from the envelopes you receive

[cryp24x]

Its so simple holding can give you big profit in the right time. Earning ,buying  ,investing  for long term  without any selling just pure holding will make you rich after 20 years. If only you can wait for that 20 years.

If you are just going to do pure holding, you can earn big. But if you are going to hold and you can see that the price is already good for selling, then sell it and wait again for the time to become low, then buy. By doing this type of activity, your goal of earning big by not selling will become bigger as you are taking the advantage of it.

each user has their price targets respectively. at least they will hold their bitcoin and will not sell them before they reached the target price in order to benefit

It's true, because if you don't have a target price when to sell, you'll miss a lot of chance of getting bigger profit with the market's buy and sell, pump and dump. When there's a pump just keep on waiting at a certain price and if you think that later or for the next days the price will be going down, just simply sell and buy at low.

Buying and selling randomly is profitable, but when one has a better day job earning he can consider it an long term holding. Because it gives the maximum profit in the future as the price pump and dump are a part of the growing technology.

If your earnings is only from bitcoin then you cannot afford to miss short term fluctuations as that is the only way from where you can make profits but if bitcoin is an investment or an secondary source of income then its better to hold them for a long term.

Trading is not the only way to make a profit.  You can also do some service if you know some skills that some of the employer is looking for and get paid in Bitcoin.  Inexperience trader often lost Bitcoin due to fluctuation.  But if you are a trader and that is the only means of earning you know than I would agree to capitalize on fluctuation of Bitcoin price.

[Haladay]

When people talk about "selling" their BTC, they are obviously talking about to spend it in some way. I don't think that its necessary a global collapse to BTC's worth reach the $10.000 level. Its market cap still is small when compared with other assets in the financial world (Apple worth, for instance). What I'm saying is that  BTC price still has much room to grow, if we do the right things to improve it.

I totally agree with this. We don't need a third world war to see a sharp increase in bitcoin price in near future, around couple of years.

[South Park]

While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.

[deppil]

While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.

with specific reasons as a matter of urgency may not matter to sell your bitcoin but if the reason is not so important. better resist the price would be much higher than now and far more profitable

[SoeNan89]

While that seems nice there are many reason why someone may decide to sell their bitcoin besides monetary gain, maybe you need the money because you need to buy something you need, like a car or maybe someone got sick and you need to pay medical bills, so it is not as easy as you may think.

with specific reasons as a matter of urgency may not matter to sell your bitcoin but if the reason is not so important. better resist the price would be much higher than now and far more profitable

That's because the price of Bitcoin will continue to increase in the future. So,
if there is no more urgent interests we hold our funds Bitcoin is better than to sell it.

[shield132]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

[EdenHazard]

When people talk about "selling" their BTC, they are obviously talking about to spend it in some way. I don't think that its necessary a global collapse to BTC's worth reach the $10.000 level. Its market cap still is small when compared with other assets in the financial world (Apple worth, for instance). What I'm saying is that  BTC price still has much room to grow, if we do the right things to improve it.

I totally agree with this. We don't need a third world war to see a sharp increase in bitcoin price in near future, around couple of years.

can not see any reason for bitcoin to get disappeared or so , all you gets even are how bitcoin user keep growing and it has pushed the demand and value of bitcoin , that is what makes bitcoin so precius and considered as the best investment for those who really know.

[error08]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Different reasons for everyone as the price of bitcoin fluctuate and never be stable in the nearly future.
People who sell their bitcoin are make after profits from trading and convert into fiat money which so tempting to do, a general cycle of bitcoin environment.
Back to the case that Op mentioned, if there are a lot of merchants accepted bitcoin payment, a lot of people won't convert bitcoin into diat money and spend it directly instead. But, we know the price will increase, would you spend it or hold for another level of price?

[South Park]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

[Orielres]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

[Ziskinberg]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable.

[phaddie]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable.

After Japan started to accept bitcoins I am sure we will be seeing many more countries that will follow Japan in near future which take the price of bitcoins to a next level as this news have drawn attention of many people and surely it will increase the demand of bitcoin in future.

[Natalim]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable.

After Japan started to accept bitcoins I am sure we will be seeing many more countries that will follow Japan in near future which take the price of bitcoins to a next level as this news have drawn attention of many people and surely it will increase the demand of bitcoin in future.

Well, I look forward to that mate, japan is a big country so probably it will make a big impact to other countries as well.
China and japan are both positive with bitcoin so I guess it will bring good outcome to the market..

[geegaw]

Bitcoins are rising rapidly and demand for bitcoin is rising, that proves the value of bitcoin in the future, if I sell bitcoin too soon, I will feel sorry and losses. Keep long term bitcoin only increase our profit, keeping more and more bitcoin we will have more and more opportunities in the future, I think we all like money and want to have a lot of money, selling bitcoin soon just wastes our money. The potential of bitcoin is unpredictable, keeping bitcoin will help us become rich in the future, no one foolish sells their wealthy opportunity

[revans]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable.

After Japan started to accept bitcoins I am sure we will be seeing many more countries that will follow Japan in near future which take the price of bitcoins to a next level as this news have drawn attention of many people and surely it will increase the demand of bitcoin in future.

Well, I look forward to that mate, japan is a big country so probably it will make a big impact to other countries as well.
China and japan are both positive with bitcoin so I guess it will bring good outcome to the market..

Yes that will have positive impact on the price of bitcoins and if more countries will start accepting bitcoins in future then it can take price of bitcoins too high and it will also attract many new investors and companies to start investing in bitcoins.

[MioTaiHeo]

There are some people which thinks like it's written on thread's title but such relationship with bitcoin simply wasting of time because bitcoin is great cryptocurrency for trading which gives you opportunity to get good profit. Bitcoin is money, it's currency and it's exchangeable to any local currency so keeping bitcoins and not selling, I can't explain why someone will do this. Buy it, sell it and sometimes hold for higher profit, that will be good.

Correct, there is no reason to not take advantage of the opportunities that present themselves and give to us the opportunity to get easy profits without too much of an effort such an opportunity present it itself with the now all time highs we reached weeks ago it was obvious the price was going to get lower so if you sold and then you bought when the price was below one thousand then you made some easy profit.

That is right. The bitcoin price is very low due to the transaction congestion. When the block size is increased together with the Segwit, the price will rise a lot.

That is not the main reason, the real reason is based on supply and demand, it's basic that every investors should know. Usually when there is a news that there will be a possible increase of demand price of bitcoin will surge, the last news I knew was Japan will recognize and use bitcoin, so that is a big news and we can already imagine how the demand will increase, the technical aspects is another thing, it does not give big impact when the problem is still manageable.

After Japan started to accept bitcoins I am sure we will be seeing many more countries that will follow Japan in near future which take the price of bitcoins to a next level as this news have drawn attention of many people and surely it will increase the demand of bitcoin in future.

Well, I look forward to that mate, japan is a big country so probably it will make a big impact to other countries as well.
China and japan are both positive with bitcoin so I guess it will bring good outcome to the market..

Yes that will have positive impact on the price of bitcoins and if more countries will start accepting bitcoins in future then it can take price of bitcoins too high and it will also attract many new investors and companies to start investing in bitcoins.

The fact that Japan recognized bitcoin does not mean that the rest of the countries will take bitcoin. Yes, it's very good for bitcoin. But do not forget that Japan can change its decision in a few months and prohibit the crypto currency.
I'm ready to sell bitcoin when its price reaches $ 1,500