Why You Should Never Sell Your Bitcoins Ever

[Aniik]

Actually I should rarely sell my bitcoins ever.Because I just wait for bitcoin's increase. If the coin is increase rapidly, then I will sell my bitcoins for profit

[Soranith]

One flaw with the initial argument is that when you use btc to buy some other good or service you are effectively selling your bitcoins anyway in exchange for that good or service. The same way when you spend using dollars, you are selling $1 for $1 worth of a good or service. So to never 'sell' would be simply to hold forever and then you just have a chunk of value sat there doing nothing.

well said!
It's basically "impossible" to never sell your bitcoins, because in fact, even if you keep them in your cold or hot wallet, you will be time to time in the need to buy something with your coins. Doing this, you will be selling your coins for the exact worth of a good or service at that time. Many people think that selling your bitcoins means only exchange it against cash and completly ignore that buying things on the market is still selling. Well the politics manipulated our brains so that we don't think so  

Correct! I think people who holds plenty of bitcoin sometimes do cash them out but of course not all. We need to reward our self sometimes, we invested into bitcoin to have more money and if we will not use it then why did we invest in the first place right?

[ap3311]

I certainly would not say such a thing and would definitely not recommend it. What do you mean, why are not i m not going to sell my bitcoins? I think it's a good time to sell everything, like everything is a value. this bitcoin could be everything, including home and car as could be. As a result, if we can get maximum benefit from a product and, in our opinion, find a good buyer, I would definitely like to sell it.As I said, everything is all about time. when it is time to sell it is sold. If necessary hold it and hold.it if necessary. this is the nature of this work. maybe 5 years ago this might be true but I do not think bitcoin will be 10 x in the next five years. it makes more sense to take them from different coins and wait a long time and then sell them.

 

[Influmezo]

The much more you keep the much more revenue you get above the coming years. In a short time period of just 7 a long time it had profited most who experienced uncovered and adopted it. So absolutely it is not going to fall short which is the reason not to promote bitcoin ever.

[vok-wok_hok]

I do not see the point of never selling my bitcoins since we joined bitcoin in order to buy something big and when you reach that amount you can sell it and get the right things.

[DIMKAZDS]

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?

Yes I agree with you. Bitcoin has a lot of potential and it will surely grow in future. The current price of Bitcoin is nowhere near to the price Bitcoin can achieve.
Right now, Bitcoin is limited to only people who have access to the Internet. Once it will gain more popularity, it will show an increase in value.

[Vikingr]

One flaw with the initial argument is that when you use btc to buy some other good or service you are effectively selling your bitcoins anyway in exchange for that good or service. The same way when you spend using dollars, you are selling $1 for $1 worth of a good or service. So to never 'sell' would be simply to hold forever and then you just have a chunk of value sat there doing nothing.

well said!
It's basically "impossible" to never sell your bitcoins, because in fact, even if you keep them in your cold or hot wallet, you will be time to time in the need to buy something with your coins. Doing this, you will be selling your coins for the exact worth of a good or service at that time. Many people think that selling your bitcoins means only exchange it against cash and completly ignore that buying things on the market is still selling. Well the politics manipulated our brains so that we don't think so  

This is something which entirely depends on your own management. If you can manage to save your Bitcoins instead of spending them for the sake of buying things, then this will help you in a significant manner unlike any other thing. Holding your Bitcoins for a long time and not selling them means that you are earning more money with each passing second.

[StevenRA]

This is a fair enough argument but some goods and services you can only pay for via fiat.  In fact most goods/services can only be paid for by fiat or credit.  Inflation is going to be a thing at all if you are just selling the amount of BTC you need to make a purchase in fiat.  I am guessing you mean exchanging for large amounts of fiat that you wouldn't be using in a few days time.

Exactly. You can't  yet buy everything you need, or even most things, with BTC. So it's simply unrealistic.

Beyond that, you should follow a simple principle: if BTC is selling for more than you think it will be worth in the near future, sell high, and wait for the price to drop.

[Burks]

The much more you keep the much more revenue you get above the coming years. In a short time period of just 7 a long time it had profited most who experienced uncovered and adopted it. So absolutely it is not going to fall short which is the reason not to promote bitcoin ever.

As you mentioned how long you keep your bitcoin the price is gonna be higher so you will get more profits. Today the price is between$ 4K and $ 5K.But at the time of the bitcoin launch the price is very very less.Maybe in the future the bitcoin will hit $10K or even more.So keep your bitcoin untill it reaches high value and enjoy the profits.

[Fatanut]

I do not see the point of never selling my bitcoins since we joined bitcoin in order to buy something big and when you reach that amount you can sell it and get the right things.

I think the point of this thread is to never sell your bitcoins in exchange of dollars or any other local currency because eventually, you are going to be able to buy things with bitcoins. And I do agree with that. We might not live long enough to see a world where you can buy everything with bitcoin, I will be more than glad just to see a local store accepting bitcoins. But of course not all of us already have the things that we need. I started out doing signature campaigns with a crappy laptop and has a faulty screen. I just continued to work until I had enough money to buy a desktop computer. Now, I am in need of a better keyboard. And then a computer chair and so on.. Our needs continue to be there. If bitcoin is your main source of income, then you will be forced to sell some of your coins in exchange of fiat (in contrast of the point of this thread) in order to upgrade your equipment.

[TheGreatPython]

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.

It is difficult especially for those that have a big amount of bitcoin but I’m sure that by now they have gotten used to the fact that they have an enormous amount of bitcoin and yet they are still living like normal people and not like the millionaires they are.

I am in very much favor of keeping Bitcoins for as long as one can. I think the way market price of Bitcoin is increasing with each passing day since the time of introduction of Bitcoin, there is no doubt to accept this fact that holding of Bitcoin is the most profitable thing as compared to any other thing. It involves minimum risk and greater profit.

[Flodemaga]

Each one of us had joined and bought bitcoin at different values, all of us wanna to make easy money with bitcoin, no matter if you are with 50% profit or even 200% the thing is you have set an objective for your investment once you achieve you will sell and moove on. Bitcoin has potencial to grow but who will hold the coins for more then 5 years, more then 10 years and who will let them saved above 20 years, there are risks, besides that you will not take advantage of the money you can already use to improve your life because you can get more into the future, soo you need to become old to use those money.

[drlukacs]

One flaw with the initial argument is that when you use btc to buy some other good or service you are effectively selling your bitcoins anyway in exchange for that good or service. The same way when you spend using dollars, you are selling $1 for $1 worth of a good or service. So to never 'sell' would be simply to hold forever and then you just have a chunk of value sat there doing nothing.

well said!
It's basically "impossible" to never sell your bitcoins, because in fact, even if you keep them in your cold or hot wallet, you will be time to time in the need to buy something with your coins. Doing this, you will be selling your coins for the exact worth of a good or service at that time. Many people think that selling your bitcoins means only exchange it against cash and completly ignore that buying things on the market is still selling. Well the politics manipulated our brains so that we don't think so  

Correct! I think people who holds plenty of bitcoin sometimes do cash them out but of course not all. We need to reward our self sometimes, we invested into bitcoin to have more money and if we will not use it then why did we invest in the first place right?

Nope, if you invested into Bitcoin with the reason you want to have more money but you do not use it after make profits, you can invest into Bitcoin again or find other place for increase more your money again. Make more money also a favorite, no one can bans us like it.

[slavla3]

Its not a great idea never ever to sell your coins, I imply if you are obtaining excellent returns then you ought to sell your cash rather then keeping it for long term, as if in long term if the price tag drops down the you require to endure losses.

[astrid.uchiha24]

I do not see the point of never selling my bitcoins since we joined bitcoin in order to buy something big and when you reach that amount you can sell it and get the right things.

we have the same thought, bitcoin become useless if we are not going to use it to purchase or pay for something. Personally I decided to join this bitcoin world because  i need extra source of income so basically Im using my bitcoin payment in our daily needs though I invest some of it. Its good to hold bitcoin for long term investment but its also useful to use it specially if you really need money

yeah i find this thread funny since we are dealing with bitcoin, why would not you sell it? i mean why you should not use your bitcoins? what if there is an emergency and you need money? using bitcoins is fine as long as you need to pay something or to buy something. The only i can think of not exchanging bitcoins is by trading it to useless coins.

[robchch]

The obvious problem with your argument is that if no one sells their bitcoin then there will be no market for bitcoin and the price is indeterminate. So there have to be seller and buyers in order the establish value so you can decide the value at which you think is good to sell at. If you never sell you might as well not have them unless you are going to use for collateral for borrowing fiat.

[KingdomHearts]

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?

Simply because bitcoins value never stops to grow and if you do not spend your bitcoins and continue earning them into signature campaigns bounty campaigns twitter campaigns and trading faucets or whatever it is as long as you dont buy it or even if you do buy bitcoins when time goes by and the valur rises. The bitcoins you have might get much expensive than it does today. Because that is the good thing in bitcoins that is why a lot of people are getting involved in this the bigger money they can get with just not spending it by simply holding it.

You are right bitcoins have a special feature that their value keeps on increasing day by day and it is never possible to face a real decline in the upcoming years. Therefore they must not be sold at any cost until one has no choice left except that.

This is because they are getting more attention nowadays and a lot of people are approaching them as a source of income.

[Hatuferu]

The obvious problem with your argument is that if no one sells their bitcoin then there will be no market for bitcoin and the price is indeterminate. So there have to be seller and buyers in order the establish value so you can decide the value at which you think is good to sell at. If you never sell you might as well not have them unless you are going to use for collateral for borrowing fiat.

No one will not sell their bitcoins especially now that the value is increasing, maybe we are waiting for the right time to sell it.
Not selling it is just like missing the opportunity to reap the fruits of your investment, we all need proper time and we should invest with a specific plan.

[fasdorcas]

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.

You are very much right. I will second you without having a second thought that we should keep our Bitcoins and there is no need of selling them especially at the very present moment.

The way market price of Bitcoin has increased in such a short span of time, I think there is hardly any reason to deny this fact that it will rise in the future as well. So better hold your Bitcoins.

[aencarnaci]

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?

Yes I agree with you. Bitcoin has a lot of potential and it will surely grow in future. The current price of Bitcoin is nowhere near to the price Bitcoin can achieve.
Right now, Bitcoin is limited to only people who have access to the Internet. Once it will gain more popularity, it will show an increase in value.

Those who are by any means related to bitcoin or crypto market, they are well aware of the fact that bitcoin are going to rule the world soon rather they are already ruling. Bitcoin are soon going to be made international legal currency around the globe which will further increase the worth of bitcoin. It is fact that bitcoin are nowhere near the actual prices.