Why You Should Never Sell Your Bitcoins Ever

[Webetcoins]

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You can’t make good money if you keep checking weekly charts.

You are right. You need not to check the chart if you have planned for long term investment. On the other hand, if you are trading in it and you want to buy and sell the Bitcoins then you definitely need to keep an eye on the chart so that you may have a better idea of what is going on and that you can decide accordingly.

Selling of bitcoin is not good because if you will sell your bitcoin then you will not be able to make good profit. By holding bitcoin you will have good chance to have good profit but it does not make sense not to sell it ever because people use bitcoin to make profit so sell your bitcoin when you need money and you see the price of the bitcoin getting high.

[Cazkys]

If you should just hold onto your Bitcoin and never let it go will be it will depend on the person who owns that Bitcoin. Because since Bitcoins are getting more popular there will still be times that some will try to see if they can sell it right away to get rich with cash or if they need an immediate cash to be used for an emergency. But its also a good strategy to hold on to your bitcoins and just let it increase more in price since the projected price or ceiling of bitcoin will be up to $10,000 many people will take advantage of it and currently as talks about Bitcoin is getting louder a lot of people choose to watch how the market will work on their favor.

[winterland]

Bitcoin is one of the fastest growing investment in the market right now and the pace at which Bitcoin is gaining popularity is only making it more and more valuable. Bitcoin has a lot of potential to grow and if you sell, you only loose your potential profit.

Since the amount of people that have adopted bitcoin is so low I think it is a mistake to sell at this point the big adoption is still to come and I do not plan to miss a single dollar of that when people realize the potential of bitcoin.

I think it's not that bad to sell some bitcoin if you're in need some fiat especially when there's an emergency.
And just buy back again if there's some dips again. Truly HODLing is real as  I seen how bitcoin behaves this year and it's more profitable when you hold it for long term. We're all hoping that as days passes by bitcoin price will increase more. Just by touching $5000 really indicates that bitcoin can go that far and nothing's impossible.

If you really need the money then that is fine, but we must avoid any kind if unnecessary spending, at this moment the price of bitcoin is crashing but I think it is just a temporary thing and then the price is going to become more stable but in the long term bitcoin is going to keep going up and that is why holding is a safe strategy for those that do not want to trade.

[jakezyrus]

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?

well for me idont really care if what are the reasons why i shouldnt sell my bitcoins, because im just a poor boy and i need money moneymoney to live, to buy my food and my needs and everytime i recive a single bitcoins i immediately withdraw it without a doubt and im not regretting if the price goes higher soon

[KnightElite]

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?

We must hold our bitcoins in a long time because bitcoin is volatile, meaning the price is always changing and the increasing of the value of the bitcoin have a big probability than decreasing. I know it will pump extremely someday.

[aencarnaci]

Looked at the weekly chart and I am afraid to hold. That's why I sold.

Bitcoin price has gone too high. If the traders on this market really follow TA indicators, I think they should have a look at weekly chart.

I know that many of you revive the past and predict the future. But, what if it's a black swan?

There is no need to attend weekly price chart because they do nothing good than creating chaos and panic among the investors. I only visit charts when the prices are going up and then cash out my bitcoins. Bitcoins are supposed to be treated like long term investments. You can’t make good money if you keep checking weekly charts.

I think it is not a good idea to never sell your bitcoin. What will be the purpose of holding my bitcoin in my wallet forever? If so then what will be purpose of investment ? I think I have invested in bitcoin to earn more and more money, so there is no sense to hold my bitcoin in my wallet forever. I will have to sell it whenever I need the money and when the price grows more and more nigh.

[sulendra12]

For me, we should never sell our bitcoin.First we can get extra income from it and second bitcoin is good investment for us. I prefer to say that we just have to wait until bitcoin gets very expensive and popular before you sell it. Because I believe bitcoin price gets higher and higher nowadays.

But who knows there are something you need to buy like gadgets which are discounted right now and you only have Bitcoin to pay them. There is no reason to keep that as you can get back them again with your job, but still this is your decision to choose.

[raven7886]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

Yes, only those people make good money in crypto market that do not panic when the coins are going through dumping phases because they have good control over emotions and treat this time as an opportunity of buying coins at cheap rates. Just stay calm and believe in your coins.

Yes, those people who can wait for a long time and who do not panic can make money in the crypto coin business. Those people can mostly be investors and businessmen. I think for ordinary person it will not be possible to hold their bitcoin for ever because they have invested for some purpose and if they need menu what will they do if they do not want to sell their bitcoin.

[Casabrandy]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

Yes, only those people make good money in crypto market that do not panic when the coins are going through dumping phases because they have good control over emotions and treat this time as an opportunity of buying coins at cheap rates. Just stay calm and believe in your coins.

Yes, those people who can wait for a long time and who do not panic can make money in the crypto coin business. Those people can mostly be investors and businessmen. I think for ordinary person it will not be possible to hold their bitcoin for ever because they have invested for some purpose and if they need menu what will they do if they do not want to sell their bitcoin.

Never panic even it falls too dip, no matter what happen as long as you don't need money now or until December. By December we can definitely see its value to the moon again wven withput Chinwse investor.

[Vuizel]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

Yes, only those people make good money in crypto market that do not panic when the coins are going through dumping phases because they have good control over emotions and treat this time as an opportunity of buying coins at cheap rates. Just stay calm and believe in your coins.

Yes, those people who can wait for a long time and who do not panic can make money in the crypto coin business. Those people can mostly be investors and businessmen. I think for ordinary person it will not be possible to hold their bitcoin for ever because they have invested for some purpose and if they need menu what will they do if they do not want to sell their bitcoin.

Never panic even it falls too dip, no matter what happen as long as you don't need money now or until December. By December we can definitely see its value to the moon again wven withput Chinwse investor.

I agree with you i think in December it will easily go to $10k even without the Chinese but i think the Chinese wont be able to ban this for a long time they will unban it in a month or two that will also make it rise again.

[filipwx]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

Yes, only those people make good money in crypto market that do not panic when the coins are going through dumping phases because they have good control over emotions and treat this time as an opportunity of buying coins at cheap rates. Just stay calm and believe in your coins.

Yes, those people who can wait for a long time and who do not panic can make money in the crypto coin business. Those people can mostly be investors and businessmen. I think for ordinary person it will not be possible to hold their bitcoin for ever because they have invested for some purpose and if they need menu what will they do if they do not want to sell their bitcoin.

Never panic even it falls too dip, no matter what happen as long as you don't need money now or until December. By December we can definitely see its value to the moon again wven withput Chinwse investor.

Let's really hope so....
because we all know how the chinese are controlling the BTC....
So with this Ban.... hmmmmmmmmm

[imstillthebest]

it's a simple rule. just don't panic. seeing the price go down makes me happy as i can buy more coins at lower price levels. people just have to realize that panic sellers are always losing. at some point when the price is going up and they feel good about buying, they end up buying at higher price levels. it's just stupid. keep holding.

the reality is more people including me are not wealthy and we need money to for everyday needs and majority of us dont invest or what ever, when we heard bitcoin the only thing come to our minds is money so in short we dont holdbitcoins and we sell our coins on a weekly basis.

[Dart18]

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

[Stokes Bay]

to never sell your bitcoin ever is an admittance it has no value isn't it? i mean, if you dont sell it, you will die with it never having used it. so what was the point? handing it down as inheritance?

[filipwx]

The truth is i want more money.
I will be waiting for the price to increase as many have said it might be going to the moon.
All of these are just happening because of some events. I might be in loss now but I dont care. It will happen in time.

It's important to see the reality in face....

[mothergodness]

to never sell your bitcoin ever is an admittance it has no value isn't it? i mean, if you dont sell it, you will die with it never having used it. so what was the point? handing it down as inheritance?

It is necessary to use some part for the needs and some part for achievement of the purposes, and the main part to store until the price does not grow to a fantastic mark. The idea of inheritance is also very good.

[costina]

Most people will never learn the lesson until they lose a lot of money themselves trying to short, a lot of people will learn this soon during the having when they panic sell once it starts raising, then they realize they have lost a lot of money and all they had to do to become rich was just to hold on to their Bitcoins and see  the price go up and stabilize higher than before.

[JuanSanchezzz]

You should use your Bitcoins one day - but as off now, it would be a pure stupid move to sell your available coins. I could see the coins rise quite much in value in the next weeks - will it reach the 1000-mark in 2016 is too early to say, but indeed a possibility. It seems Bitcoins are getting a bigger audience, which means the demand on the coins increases. Simple demand/supply theory says the price will rise - so keep your coins close to you!

[JohnC2389]

You should indeed never sell your bitcoins because the bitcoin has a really good future if you ask me. The fact is that the halving is coming so this year you should not consider it to sell honestly, if the future is even better for a longer term we should never sell them.

[cramblimp]

Because selling your bitcoin in a short time will lead you to have a regret. You will notice if you sell your bitcoin at low price it will not give a profitable value but, if you are going to hold and wait for a long run of your bitcoin since its value is not fixed you could earn a lot of profit on it.