Why You Should Never Sell Your Bitcoins Ever

[TheNostradamus]

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.

This, if you look at the weekly charts you will see all kind of anomalies that will make you think that holding is a bad idea but since holding is a long term strategy then you need to look at the chart that has all the story of bitcoin and if you see that the pattern is very clear, a strong tendency to go up.

it might go to the moon and coast 100000 dollars and then even more, so there is no reason to sell it

100k is very far away while that price could be reached someday we mus not deceive ourselves I do not think we are going to see that price, maybe my children or future grandchildren will be able to see it but I think a more moderate price of 30k is something that I could be able to see in my lifetime.

Because it will rise but i dont think you should sell them never maybe at some point you will need the money and then you sell it and it cannot always go high and high so if it goes high you just grab it and dont let it go.

[Pusesu]

It is difficult to keep them knowing that you can have a lot of money now if you sell it. You can wait and double it when bitcoin hits a massive target. Its up to you actually.

I would suggest to keep them and if you see that bitcoin is rising don't sell them wait for it to rise even more.

[zeze18]

yes it may be better to hold your bitcoin to keep on increasing, and certainly if bitcoin prices jumps higher you will get better benefits, because bitcoin development is now very fast and accompanied by high price increases and it will certainly be more profitable for you to keep holding bitcoin as an investment.

[bhadz]

For me I should never sell my bitcoin because in the near future it may increase its value. Because maybe in the future we used bitcoin for a big investments.so that we can earned a lot here.

This is the reason why everyone is holding up today. And there are some people that decided to put a certain amount on their cold storage and will only touch it a certain time too. A couple of years will be passing or maybe 5-10 years before they'll touch those bitcoins that they are holding. Just don't sell all of your bitcoins because one day you'll see on how you'll be able to make big money out of your patience.

[Daniel 777]

yes i agree with you and add bitcoin is so risky to save but if you trust with it you can gain more

[tyronecoinbit]

You can actually sell small amount of your bitcoin when you think that it's the right time to sell it. If you think you can earn triple of your profit by selling it, then go ahead. Holding your bitcoin for a long time is good but never selling them is a NO NO for me. What's the use of holding bitcoins if you'll gonna keep it forever? It doesn't really make sense.

[BarbieCasino]

Patience is a virtue. Every investments need time if we want a higher return. As the basic rule, we should sell at the higher price. Long term investments give higher return. I believe bitcoin will reach its higher value in due time. Its value is increasing especially in this digital world of economy. Waiting is believing.

It is right because been greedy will make you suffer from loss because the loss in the bitcoin is now very rare only those people face loss in bitcoin who become so worried at the low price of the bitcoin and they sell their coins at low price. It is good to keep patience and wait till the price of the bitcoin will be more than double and then buy some more bitcoin at the amount of the profit to hold for more time.

[megynacuna]

Patience is a virtue. Every investments need time if we want a higher return. As the basic rule, we should sell at the higher price. Long term investments give higher return. I believe bitcoin will reach its higher value in due time. Its value is increasing especially in this digital world of economy. Waiting is believing.

It is right because been greedy will make you suffer from loss because the loss in the bitcoin is now very rare only those people face loss in bitcoin who become so worried at the low price of the bitcoin and they sell their coins at low price. It is good to keep patience and wait till the price of the bitcoin will be more than double and then buy some more bitcoin at the amount of the profit to hold for more time.

Panic sellers deserve their fate and I do wish they'd keep loosing until they learn to have patience. They are the ines responsible for a greater part of thenprice fluctuations and it served them right.

[Skyshark]

The picture tells it all, you will never have to sell your bitcoin because in the future we won't need to convert our bitcoin to any other currencies. I think time will come that we will be buying goods and everything else using our bitcoins, so why sell when you can let it grow more and wait till your bitcoin make you a billionaire. Then you could spend it on what ever you want.

[szpalata]

The picture tells it all, you will never have to sell your bitcoin because in the future we won't need to convert our bitcoin to any other currencies. I think time will come that we will be buying goods and everything else using our bitcoins, so why sell when you can let it grow more and wait till your bitcoin make you a billionaire. Then you could spend it on what ever you want.

That is correct, there wouldn't be the need to sell them in the future because it will be what we will be using to make direct procurements from grocery shops amongst others and so there's no need to elk if you don't have any pressing issues to deal with what you sell for.

[Pettuh4]

I don't think I will sell right now because I don't have any pressing needs that I can't cater for that  will require me to fiend from my bitcoin wallet. You shouldn't sell it in the first place because no matter the current rate bitcoin is growth bound.

[pealr12]

Cause im waiting for that one big moment on bitcoin.  I will hold it till  it hit $20k  ,it doenst  matter how long i should wait , 5 to 10 years maybe , im waiting for that price cause its my selling price .

[Suqreme]

Cause im waiting for that one big moment on bitcoin.  I will hold it till  it hit $20k  ,it doenst  matter how long i should wait , 5 to 10 years maybe , im waiting for that price cause its my selling price .

It will hit something high if the demand is there

[kiloiko]

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

You may be right but I think that you need to look for some other ways of earning money besides earning money from selling your Bitcoins, I am in a favor of keeping and holding your Bitcoin as one thing is for sure that the market price of Bitcoin will keep on increasing in the next coming days, so you have to think wisely before selling them.

Yep! Holding bitcoins for long time is so far the easiest and safest method of making large profits. I am myself very much conscious and cautious about selling and buying bitcoins. I just take them out of my wallet when prices are damn high and sell them off. I never give up on them during dumps.

[FJNuñez]

Why you should never sell your bitcoins ever is because it is better than fiat money and gold and will be replacing them as the standard in which other currencies and assets base their value off of.

[Jose Mourinho]

Because prices are rising and expensive, we will regret if selling bitcoin now because I think the current price is very cheap. Google and many media states that bitcoin prices can reach 100k, and I'm sure with those predictions.

[Sithara007]

Because prices are rising and expensive, we will regret if selling bitcoin now because I think the current price is very cheap. Google and many media states that bitcoin prices can reach 100k, and I'm sure with those predictions.

What if these predictions are wrong, and the prices are going to dip below $1,000 per coin? For me, I have two choices if I face some financial trouble. The first option is to sell some of my coins. The second option is to take a loan from some of my friends and relatives. For me, the first option is the most preferred one. Because I don't know how the exchange rates can change in the future.

[ranman09]

Because prices are rising and expensive, we will regret if selling bitcoin now because I think the current price is very cheap. Google and many media states that bitcoin prices can reach 100k, and I'm sure with those predictions.

What if these predictions are wrong, and the prices are going to dip below $1,000 per coin? For me, I have two choices if I face some financial trouble. The first option is to sell some of my coins. The second option is to take a loan from some of my friends and relatives. For me, the first option is the most preferred one. Because I don't know how the exchange rates can change in the future.

This is always the case as we dont have the almanac of the future *back to the future movie. In this case the common motto must be always applied "never put your eggs in one basket". So in this case if bitcoin dumps unexpectedly you have other investments to save you. Lets say another altcoin? shares in Apple? Always make back up plans! Emergency escape! So you dont blame anyone at the end.

[prtty2gal2]

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.

You should never sell your bitcoins ever because they are surely going to benefit you in many ways in the future. Bitcoins can be used for making money by investing and trading it for other currencies or by exchanging them. Bitcoins are being used to buy/sell your products for bitcoins.

[Kasabus]

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.

You should never sell your bitcoins ever because they are surely going to benefit you in many ways in the future. Bitcoins can be used for making money by investing and trading it for other currencies or by exchanging them. Bitcoins are being used to buy/sell your products for bitcoins.

By just holding it you can already expect a big return, we have seen how the price pump and it's possible to happen again.
Bitcoin is destine for greatness and it will be successful, don't sell if you are not satisfied with the profit yet as the longer you hold
the more value it will grow.