Why You Should Never Sell Your Bitcoins Ever

[Jrock]

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

That is my target price too and I am eagerly waiting for bitcoin to touch that price in coming months as that price will give me huge profits so its better to sell them and accumulate the profits instead of holding them too long.

[whizter]

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 is right that there response is very positive toward bitcoin and hope that they will also put good impact on the other countries of the world, hope that very soon so many other countries of the world will also start accepting bitcoin as legal currency, but i think it will take some more time.

[SoeNan89]

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 is right that there response is very positive toward bitcoin and hope that they will also put good impact on the other countries of the world, hope that very soon so many other countries of the world will also start accepting bitcoin as legal currency, but i think it will take some more time.

Maybe it will take a long time 10-20 years later, because until now it's still a lot of the people
who do not understand what is Bitcoin. If someday Bitcoin will be accepted
in all countries as official currency, then there is no reason for us to sell the Bitcoin now.

[axorb]

Selling coins never doesn't make any sense to me as I will surely sell them when its giving me enough profits as holding too long can be risky as there is no assurance that price of bitcoins will keep on only increasing over a period of time.

[Omega Weapon]

We need to sell our coins at some point to consolidate our profits, also at the time there is not a lot of places where we can spend our bitcoins directly so it is not like we can live completely out of the grid so it is better to sell a part of our stash if we need it.

[phaddie]

We need to sell our coins at some point to consolidate our profits, also at the time there is not a lot of places where we can spend our bitcoins directly so it is not like we can live completely out of the grid so it is better to sell a part of our stash if we need it.

Yes that is the right thing to do as if we never sell our coins then we will never taste the success of making profits so if the price of bitcoin is allowing you to make profits then you can sell them in small parts and rest can be saved for the future.

[Dimelord]

I too agree that bitcoin is worth and fiat money is worthless compared to it.But today every thing couldnot be bought through bitcoins.So bitcoin has to be converted to fiat for purchasing goods.This would be correct if bitcoin is bought considering it as a currency.But if bitcoin is bought as a long term investment,then it would not be wise to convert digital gold into cash to buy just some products.We should better hold it as bitcoins and if we were in desperate need,then a small percentage of bitcoin may be converted to fiat.

[Dagmon]

I too agree that bitcoin is worth and fiat money is worthless compared to it.But today every thing couldnot be bought through bitcoins.So bitcoin has to be converted to fiat for purchasing goods.This would be correct if bitcoin is bought considering it as a currency.But if bitcoin is bought as a long term investment,then it would not be wise to convert digital gold into cash to buy just some products.We should better hold it as bitcoins and if we were in desperate need,then a small percentage of bitcoin may be converted to fiat.

I think it is better to buy goods with bitcoin directly, not converting to fiat first.

[kidoseagle0312]

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.

But even others do what you had mentioned above, I don't see any wrong with that things.  That's a normal for a bitcoin enthusiast including myself too. And many of the bitcoin believer are expecting that holding bitcoin in a long term was a good way to get a higher profit and it is 100% sure that you will harvest the fruit of our labor .

[Dragonkiller]

If we will never sell our bitcoins then we will never make any profits from it so its always good to sell them in small parts when you see higher price and is allowing to make some profits as you always have an opportunity to buy them back when price crashes in future.

[canvan]

I too agree that bitcoin is worth and fiat money is worthless compared to it.But today every thing couldnot be bought through bitcoins.So bitcoin has to be converted to fiat for purchasing goods.This would be correct if bitcoin is bought considering it as a currency.But if bitcoin is bought as a long term investment,then it would not be wise to convert digital gold into cash to buy just some products.We should better hold it as bitcoins and if we were in desperate need,then a small percentage of bitcoin may be converted to fiat.

I think it is better to buy goods with bitcoin directly, not converting to fiat first.

Its technically possible for most things now but its not very practical, hopefully wider adoption will make that much easier in the future though.

[vs2014]

I will never prefer to hold my coins too long without selling them and if I am satisfied with the price then I won't hesitate in selling my coins to earn profits from it holding them is good but only to certain extent as no one will prefer to simply hold them without selling them ever.

[gabmen]

I will never prefer to hold my coins too long without selling them and if I am satisfied with the price then I won't hesitate in selling my coins to earn profits from it holding them is good but only to certain extent as no one will prefer to simply hold them without selling them ever.

I agree. it depends on whether you're already comfortable with the profit you're going to get or not. some people who would like to profit more needs to have a bit more patience because hilding for a long time is where the real money is.

[easynote]

You heard it on the news that there is a bunch of people regretting that they sold their Bitcoins when it was within the single or double digit range. When I look at Bitcoin at the current price I try to get over it because no matter how much the whole value of Bitcoin is the coin can be put into decimals for smaller transactions online.

[wantjokull]

That would be an amazing idea to spend on bitcoins and saving them for long period of time. I like that it will reach ten thousand some day and we will end up with big bang of profits.

[reuschman]

I'm not agreed with you on this point if I don't sell my bitcoin then how I can earn a profit, yes you can say that bitcoin should be saved for a long term which makes some sense. long term saving would be a great idea for gaining a large amount of money.

[Salazarian]

That would be an amazing idea to spend on bitcoins and saving them for long period of time. I like that it will reach ten thousand some day and we will end up with big bang of profits.

yes that  is right to say that some people earn bitcoin from different sources and then do not sell it but just use to spend it  on online shopping and in so many other places, ans they do not feel the need to sell their bitcoin.

[vasrasus]

I'm not agreed with you on this point if I don't sell my bitcoin then how I can earn a profit, yes you can say that bitcoin should be saved for a long term which makes some sense. long term saving would be a great idea for gaining a large amount of money.

As long as you can use it in a efficient and in your self needs. Then you are already gain even though it's will increase after you use it. Most important thing is yoi enjoyed your money.

[ivanpoldark]

Point being, selling bitcoin for dollars seems counterproductive.

Agree with that. There is no excuse for selling bitcoin for dollars, except for buying altcoins for trading or investment purpose and making more bitcoin in future. Bitcoin is long therm investment, worth selling only if you quickly need your own real estate property.

[Astargath]

I'm not agreed with you on this point if I don't sell my bitcoin then how I can earn a profit, yes you can say that bitcoin should be saved for a long term which makes some sense. long term saving would be a great idea for gaining a large amount of money.

Well it's really simple, if you bought 10 bitcoins at 100$ dollars each meaning that you spent 1k for 10 bitcoins now you would have 20k dollars which you don't have to sell because you can use them as money, you can already buy many things with bitcoin so essentially if you do it would be the same as selling them and let's be real here, most people in this forum won't have the tools or knowledge to trade bitcoins and actually make a profit from it long term.