Why You Should Never Sell Your Bitcoins Ever

[ld77w2]

The cost of an action is the best opportunity fore-gone.my current cost is 0, although only 5btc, but not to 1 million not to sell 

[Rebisco]

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?

I think the main reason why we should not sell our bitcoins is because of the value that is rapidly growing. The progress of the bitcoin in the market is very good and I believe that it will reach $10,000 per each before the year will end.

[enhu]

Eventually I will have to sell my btc for fiat as I need money for buying commodities. We gotta keep the ball rolling though otherwise the buy and sell orders won't move up. If there is no need to sell my btc I wouldn't sell too. SOme of use will use BTC to buy the altcoins they wanna hold or trade with.

[fedorkr6]

The best thing is not offer your bitcoins, because the bitcoin has a excellent long term a head.As an example the halving is coming, they say that will insert a zero to it, so you will make a lot of earnings.

[Jembut Ireng]

Because bitcoin is the hope of the future, we are all optimistic that prices tomorrow or next month will skyrocket and never fall again so this makes us sure that never sell bitcoin is the best solution.

[Finestream]

Eventually I will have to sell my btc for fiat as I need money for buying commodities. We gotta keep the ball rolling though otherwise the buy and sell orders won't move up. If there is no need to sell my btc I wouldn't sell too. SOme of use will use BTC to buy the altcoins they wanna hold or trade with.

Bitcoin is money and when you need money you can easily convert it to cash to spend on what you need, however if you can still save then it's better to do it, just make sure you only spend on your necessities so at the end of the day you'll be able to take part of the success of bitcoin.
The value will rise and bitcoin that we are holding is already a great investment so we should realize that this early before it's too late.

[rainezerr]

In my own opinion it depends on your life routine, If you have a day job to sustain to buy your needs daily then you should just keep your bitcoins and wait till the value of coins increase massively.

[Beowulf Dragehjerte]

I was thinking about this: I'm with you 100% about not selling my btc, it would eventually grow to millions each. However, if governments start banning btc, major wars occur, some other kind of disaster hits us, people would probably want something safer, like land, silver, resources.... I'm on that train, if something major happens, I would sell 50% of my btc for safer resources. What;s your opinion on that?

[XFlowZion]

Everyone has their own mind if they want to sell it or not. Bitcoin is highly volatile so selling it on highs is a good decision for me because it also goes down after some time where you can buy it again.

[yourealion]

Its not a good idea not to market your coins, I mean if you are getting good results then you need to sell your coins instead of holding it for future, as if later on when the cost drops down the you have to endure deficits.

[Alalex]

I think when asked "I will answer from the point of view and see the future, we will sell bitcoin.
On the other hand much because of the bitcoin price. many are expecting price increases and after that they hope that by itself they will consider to sell at high prices to get profit. in this case consider selling my bitcoin because it will be the most valuable thing in the world!

[Wonder_woman]

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?

I think if you sell you bitcoin today you will regret soon because you are only tempted in the price of each bitcoin today and you are not thinking the price tomorrow they everything is regretful for you.

[King Sastro]

My main reason is that if I sell now I'm sorry that the price of every day is always up, this is what makes me not interested to sell bitcoin now. many predictors are convinced that this year's bitcoin price could reach $ 7500 and it proved so much that I am more and more convinced that the price could reach $ 10,000.

[mininglegend1234]

My main reason is that if I sell now I'm sorry that the price of every day is always up, this is what makes me not interested to sell bitcoin now. many predictors are convinced that this year's bitcoin price could reach $ 7500 and it proved so much that I am more and more convinced that the price could reach $ 10,000.

Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.and value of bitcoin increasing by the passage of time.its mean that .its like investment..

[slavla3]

Well never ever is not excellent, but if you want to lengthy invest your bitcoins it will be fairly great.Because the marketplace is obtaining even bigger and the sum is acquiring larger.

[Maslate]

Well never ever is not excellent, but if you want to lengthy invest your bitcoins it will be fairly great.Because the marketplace is obtaining even bigger and the sum is acquiring larger.

We have to sell bitcoin because the purpose of buying it is to sell when the price will rise to take profit.
I think it's one of the best investment for this year but we should set some target for selling to ensure we will meet our target profit.

[Aceanyth]

Selling your bitcoins that is something you mustn't do if you want a lot of profit. Bitcoins is still rising it is now nearly at 7.5k It will go to 10k in the future.

I think that it will even go in the future to 100k this is possible because now more people are supporting it.

[Teemotje]

This is good, because bitcoins are nearly always rising. If you are smart i would wait a few years now and get my doubled money back. I would then invest in altcoins.

Bitcoin is getting expensive now so i would just back off from it.

[jercess]

Having a money paper at hand and fiat currency is a great deal but you should always hold some money on Bitcoin in case you still wanted to make it grow higher or trade it otherwise. We do not know when will the currency rise or fall. Bitcoin is a long term investment for me because it really makes a good deal with people around the globe.

[Rosberger]

My main reason is that if I sell now I'm sorry that the price of every day is always up, this is what makes me not interested to sell bitcoin now. many predictors are convinced that this year's bitcoin price could reach $ 7500 and it proved so much that I am more and more convinced that the price could reach $ 10,000.

Yes Bitcoin is like a long term investment and have proven to give very very good returns in long term and more profitable than gold.and value of bitcoin increasing by the passage of time.its mean that .its like investment..

Everyone who has a brain must know that bitcoin will be worth more. Its already heading to 10k so you should not sell your bitcoins. Just keep them please you will have a good profit.
I did not sell mine because i know that it will get really high. Experts say that it will go to 200k LOL.