Why You Should Never Sell Your Bitcoins Ever

[anonbit992]

Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.

Your question makes sense. All traders and investors need to enjoy the gains they make or at least what their investments makes, or else there is no point in taking risks. But it would be better to leave some bitcoins for your children and may be some more for your grand children because some day bitcoin can be worth a fortune and you don't want to be the guy who sold it all for a fraction of its true value.

[topminingcontracts]

Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.

Exactly and if you will never sell your coins then what is the purpose of earning it or investing money in it as if you never sell your bitcoins then you will never be making any profits out of it and that doesn't make any sense to simply keep bitcoins idle in wallet without doing anything with it so its always good to sell them off when its allowing you to make good profits as you can always buy them back when you see drop in the price in near future.

[megynacuna]

Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.

Precisely, if we don't allow some to flow through the system and everyone decides to hold, what will happen? So we can split our Bitcoin wealth into investments and what we will spend on minor daily activities like groceries etc. so I don't support total holding of Bitcoin but at least hold a part and spend a part online.

[LoupGaroux]

Why we should not sell our bitcoin ever? How can we enjoy our profits? I think this is such a bad idea for not selling bitcoin because how can you spend and enjoy the money that you made in bitcoin if you will not sell it? You need to sell it because not all the stores in the world accept bitcoin.

Precisely, if we don't allow some to flow through the system and everyone decides to hold, what will happen? So we can split our Bitcoin wealth into investments and what we will spend on minor daily activities like groceries etc. so I don't support total holding of Bitcoin but at least hold a part and spend a part online.

When the price of bitcoin was low in the past people never hesitated in spending their bitcoins and many of them even spend lots of bitcoins on gambling sites hoping to double them in quick time but now a normal user who is earning limited amount of bitcoins will surely not interested in wasting his valuable bitcoins on gambling sites and instead he will prefer to save them in wallet as even by holding he can make great profits when price of bitcoin will go more higher in future.

[grermezter]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

[FlightyPouch]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.

[Collider]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.

Yeah price is moving higher now so there are many people who are interested in buying bitcoins even at higher price as they believe that the price of bitcoins will definitely go higher in future so even if they buy now they can make enough profits from it in future and people who are satisfied with current price will prefer to sell some of their coins to grab the profits.

[Sled]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.

Yeah price is moving higher now so there are many people who are interested in buying bitcoins even at higher price as they believe that the price of bitcoins will definitely go higher in future so even if they buy now they can make enough profits from it in future and people who are satisfied with current price will prefer to sell some of their coins to grab the profits.

Buying bitcoins now even the price is higher now than before is still good option because there is incoming a big event which is the segwit activation of bitcoin that can help bitcoin to reach $3,000 price and that is a good price compare now so we can still make profits even we buy a lot of bitcoins now. Even the price fall after a few months and you bought for the current price then it is still okay because you can hold it for long term.

[Collider]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

That is right, we don't know what might happen, and it might really go down, but the thing about dumping is, they don't use that moment to sell their bitcoin, it is actually the reverse, they mostly buy bitcoin again because they know that they mightnot see again that dump proce, as predicted, bitcoin will be increasing it's price again and again, breaking it's own record every week.

Yeah price is moving higher now so there are many people who are interested in buying bitcoins even at higher price as they believe that the price of bitcoins will definitely go higher in future so even if they buy now they can make enough profits from it in future and people who are satisfied with current price will prefer to sell some of their coins to grab the profits.

Buying bitcoins now even the price is higher now than before is still good option because there is incoming a big event which is the segwit activation of bitcoin that can help bitcoin to reach $3,000 price and that is a good price compare now so we can still make profits even we buy a lot of bitcoins now. Even the price fall after a few months and you bought for the current price then it is still okay because you can hold it for long term.

Yes when it comes to investing money in bitcoins you can invest in it at any time and at any price and if you are a long term holder then you should not bother about short term fluctuations as price will surely go higher in long term giving best returns on investments.

[L00n3y]

Bitcoin is a good investment. When you have 10 btc in your account then after a months or years. Your bitcoin will double the value or tripled. And maybe in the near future 1 bitcoin will be equivalent into million.

I think that is a record breaking price for a bitcoin, but I don't think that it will never reach that high, $20000 may be the highest price of bitcoin and it wil never go high more than that. And I think before we ever think of the price, I think we need to think of the transactions that is not still yet confirmed.

True not mentioning the fees that is being too high and transactions that takes weeks to be confirmed ( my payment is still pending till now ). Before bitcoins price reach a million dollar I think this problems need to be fixed first or else the higher the equivalent money the higher the doubts on cryptocurrencies and this is not a good sign.

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.

The reason is clearly visible, bitcoin keeps growing and you can see the price keep growing and do not rule out the price of bitcoin can be 2 or 3 times higher than now

The 200% and 300% price increased is because some countries are thinking of regulating Bitcoin especially when Japan made its bitcoins legalization. If other countries will follow Japan the prices will increased more than 300%.

[Fatanut]

Bitcoin is a good investment. When you have 10 btc in your account then after a months or years. Your bitcoin will double the value or tripled. And maybe in the near future 1 bitcoin will be equivalent into million.

I think that is a record breaking price for a bitcoin, but I don't think that it will never reach that high, $20000 may be the highest price of bitcoin and it wil never go high more than that. And I think before we ever think of the price, I think we need to think of the transactions that is not still yet confirmed.

True not mentioning the fees that is being too high and transactions that takes weeks to be confirmed ( my payment is still pending till now ). Before bitcoins price reach a million dollar I think this problems need to be fixed first or else the higher the equivalent money the higher the doubts on cryptocurrencies and this is not a good sign.

One thing that we should not forget is to look at our side as well. Did you put enough fee? Eventually, the transaction will be confirmed. Maybe weeks (like you said) but at least you're confident that the money will not bounce back or revert just like on other payment types where it happens when the transaction is taking longer than expected.

The price of bitcoin can reach a million dollar regardless if this issue will be resolved or not. This doesn't affect the supply and demand law going on in the bitcoin market.

[ladydark]

Your point is right.We could avoid the loss by not converting bitcoin into fiat and buying every thing with bitcoins.But we could only buy every thing with bitcoins only if every one accepts bitcoin payment.For that to happen,bitcoin should be universally legalized in all countries.But it would take a long time since japan has just now started to legalize bitcoin while other countries have not yet decided on it.

[Ziskinberg]

Your point is right.We could avoid the loss by not converting bitcoin into fiat and buying every thing with bitcoins.But we could only buy every thing with bitcoins only if every one accepts bitcoin payment.For that to happen,bitcoin should be universally legalized in all countries.But it would take a long time since japan has just now started to legalize bitcoin while other countries have not yet decided on it.

There are big news that are coming pointing the success of bitcoin, japan, china, and south korea who are all in Asia are already using bitcoin.
I am not quite familiar with how many countries had adopted with bitcoin already but I am pretty sure big countries are already using it and the countries I've mentioned above are just few among the many.

[Fireblade]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

i think it is not such a good idea to hold bitcoin forever and to hold it. i think we should always use our bitcoin when we feel the need for that. i personally using bitcoin whenever i fell the need for that.

[qwertyup23]

You may never know, the price of bitcoins may go down just as any other currency, I believe without a doubt that people will start to sell their bitcoins then and they will do so hurriedly so that they dont even lose more money.

i think it is not such a good idea to hold bitcoin forever and to hold it. i think we should always use our bitcoin when we feel the need for that. i personally using bitcoin whenever i fell the need for that.

Exactly! I mean, everyone has their own reasons on why they earn bitcoin. Whether for paying bills or investing, when the need arises for one to pay something that is essential then he/she could convert their bitcoins to fiat. For me, the purpose of bitcoin is for my future investments and savings but if an emergency happens and my parents don't have any extra cash, then I'm more than willing to contribute using my bitcoin.

The idea behind people not converting their btc to fiat is due to the volatility of the price of bitcoins. Last January 2017, the price of bitcoins were around $1000+ and now, the price is beyond $2000. No one really knows the final price of bitcoin but one thing is for sure, the price increases overtime.

[keeee]

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?

 Having a decision about not selling your bitcoin ever was hard to do. There are only two things that can happen, maybe the time comes that its price rises so high or maybe it will gone soon. I prefer the first choice to happen. But to be safe devide it into two, in crypto and to real cash.

[Wintersoldier]

Time will prove Bitcoin's potential! Nowadays bitcoin has the value in term of fiat, most of ppl come to it and expect to earn a chunk of fiat money in the future! When the price increases to $1200 per bitcoin, I believe many ppl will liquidate their holding! Bitcoin's price is too volatile and decline from the peak $1200 to $260 now! It is affecting the adoption rate of it! It is probably the perfect instrument for speculation!

The best reason for people to not sell Bitcoin is because of its future and opportunities ahead from it. Meaning that if you want to set goals and to earn more you should take it as a form of trading where you can grab the opportunity and invest time. Yes time as matter of fact time should be always there as well as you patience and trust to earn and to have a good profit in the future. And after you hit you goal you could probably sell Bitcoin as a part of trading proper. Where it is simple as buying when it's low and selling when it's high. For you to have profit.

[Cazkys]

I’m gonna tell you instead on why we should use our Bitcoin. I think that hoarding Bitcoin will not really help the campaign of making it known worldwide. I’m not saying that we should sell or spend it all; after all it’s still a good investment. What I’m saying is that we make it circulate. Circulate it by paying services and products in Bitcoin. Circulate it by selling it and trading it in the market. Because through these, other merchants will be pressured to accept Bitcoin as payment option and people will learn to accept it. Make it go round.

[0Pirats0]

Most of their bitcoins need to be kept in order to save and increase their money, but sometimes you need to allocate some part for making the necessary purchases.

[Beparanf]

Most of their bitcoins need to be kept in order to save and increase their money, but sometimes you need to allocate some part for making the necessary purchases.

The OP here who post 2015,two year ago if didn't do any selling before might already twice or thrice richer now. That's why as much as possible if not needed if there's a regular job that salary can be used to spend why not only save all the earnings came from btc works unless really needed.