Why You Should Never Sell Your Bitcoins Ever

[PrinceCaspian]

The price of bitcoin is continue rising up and that is why we should never sell bitcoin ever because if you will sell bitcoin right now then you miss the opportunity because you will unload the bitcoin which is the only opportunity that i know that can make us rich in no time.

[DRVX]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

[kingragnar]

if bitcoin ever reaches 10,000 USD per bitcoin. I'll probably convert my bitcoin to fiat currencies no matter now, especially the online wallet that coins.ph I'm using are too strict nowadays especially for those transactions you should be detailed and obligated to explain them because if you do not coins.ph hold your Bitcoin on your wallet. So when I get 10,000 USD is withdraw immediately without a doubt. Based on my scattered information about users also on coins.ph

[shinchan123]

I think that in the future, bitcoin might come in handy. It's volatility could reach the extent where it's value might be doubled or even tripled in the future. Now, the good thing in keeping one's bitcoin is the fact that you would be reserving yourself for a lot of opportunities in the future that involves bitcoin. You know what they say, "It is better to be prepared."

[liivii]

If you have nothing to buy or emergency that you need money you should never ever sell your bitcoins because you will surely regret it in the future, so the best to do is to find and have a stable job that give you earnings for your daily living then give some time for bitcoins and don't spend the money you'll earn here. Make some adjustments on your life don't buy some things that has no value like gadgets. Some people just keep their bitcoin last last year and then now they become millionaires that's because they take the risk, so if you have some feelings that bitcoin will reach $20k+ next year then follow your mind and you will see in the next year the bitcoin that you hold becomes one of the key to your success.

[krampus854]

you have a very good point there, there are so many people now that are investing in the cryptocurrency bitcoin. if this crypto reaches 10 000$ which happen right now there are too many people will buy again.

[huige007]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

Almost every one of us who is investing his money into bitcoins and is going for buying of bitcoin wants to make his life comfortable. He actually wants to something big by investing his money in this. If you are not going to sell your bitcoins ever, then there is no point of keeping bitcoins. In fact, you then need to invest your money in some other business so that you may get some profit at the end. Sell your bitcoins but only when you are going to have some good profit.

[man1975asc]

NOT selling Bitcoins ever = NO Lambo

[aencarnaci]

because bitcoins is a future money of the future maybe in 2020 they get higher and higher i will just stock it for safety so if i need a money i will withdraw just need a patience slowly bu surely

As far as the future value of bitcoin is concerned, we all know that it is going to someday touch some unbelievable value and then it would be really out of question to buy bitcoin directly. Bitcoin is the future of world economy and this is why banks are really against bitcoin because bitcoin is offering better services than banks. The transaction fees do not bother until we are making very good profit with it.

[endut15]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

Almost every one of us who is investing his money into bitcoins and is going for buying of bitcoin wants to make his life comfortable. He actually wants to something big by investing his money in this. If you are not going to sell your bitcoins ever, then there is no point of keeping bitcoins. In fact, you then need to invest your money in some other business so that you may get some profit at the end. Sell your bitcoins but only when you are going to have some good profit.

as far as I know investing in bitcoin is more profitable, so most of the investors are choosing bitcoin as an investment.
now it's been a lot of others who choose bitcoin than other coins that have just appeared in these months.

[pungopete468]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

Almost every one of us who is investing his money into bitcoins and is going for buying of bitcoin wants to make his life comfortable. He actually wants to something big by investing his money in this. If you are not going to sell your bitcoins ever, then there is no point of keeping bitcoins. In fact, you then need to invest your money in some other business so that you may get some profit at the end. Sell your bitcoins but only when you are going to have some good profit.

as far as I know investing in bitcoin is more profitable, so most of the investors are choosing bitcoin as an investment.
now it's been a lot of others who choose bitcoin than other coins that have just appeared in these months.

The fact is most of the people are treating bitcoin as an investment and not a currency and in that case they are not willing to sell their coins to make higher profits in future so even if price is too high now they will not sell their coins now and will wait for the price to go even higher to make more higher profits in future.

[The Alchemlst]

these are some thoughts to ponder since I've set my goal to sell bitcoin on a certain market conditions, but considering the word's monetary system it is quite true that bitcoin is a haven and its proof is its continuously increasing value and number of users throughout the world. But I guess most of the investors here sells their bitcoins not because they reach their goal but some because they needed the money. 

[Joriecoinbit]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

Almost every one of us who is investing his money into bitcoins and is going for buying of bitcoin wants to make his life comfortable. He actually wants to something big by investing his money in this. If you are not going to sell your bitcoins ever, then there is no point of keeping bitcoins. In fact, you then need to invest your money in some other business so that you may get some profit at the end. Sell your bitcoins but only when you are going to have some good profit.

as far as I know investing in bitcoin is more profitable, so most of the investors are choosing bitcoin as an investment.
now it's been a lot of others who choose bitcoin than other coins that have just appeared in these months.

The fact is most of the people are treating bitcoin as an investment and not a currency and in that case they are not willing to sell their coins to make higher profits in future so even if price is too high now they will not sell their coins now and will wait for the price to go even higher to make more higher profits in future.

If that's the case, until when are they going to hold their coins? How would they determined if they'll keep on holding it when in fact they don't know what will happen to bitcoin in the next few days. It is indeed a good decision to hold their coins until the price go higher, but until when? If there's an opportunity that bitcoin's price is really high, aren't they going to sell it? Will they grab the opportunity or wait again and again? It's a foolish thing if you'll just keep on holding it for the rest of your life. You have to spend it so there will be a cycle process. If majority of bitcoin holders were just holding their coins and didn't even bother to sell it, it will also affect the price of bitcoin. I would like to suggest that they should set a target price as to when are they going to sell their bitcoins.

On the other hand, as what OP says

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 can't really spend the bitcoin itself because no one accepts it. There's no mall, nor stores who accepts bitcoin as mode of payment. So people will always convert their bitcoin into fiat because they don't have a choice. How would they spend their bitcoin if they don't convert it?

[btcyoda]

I think really it is a bad idea not to sell Bitcoin because for every person there is the break-even point for selling the asset. It is always good to hold when your desired price is reached because already the price is increasing in the market.

[geegaw]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

Almost every one of us who is investing his money into bitcoins and is going for buying of bitcoin wants to make his life comfortable. He actually wants to something big by investing his money in this. If you are not going to sell your bitcoins ever, then there is no point of keeping bitcoins. In fact, you then need to invest your money in some other business so that you may get some profit at the end. Sell your bitcoins but only when you are going to have some good profit.

as far as I know investing in bitcoin is more profitable, so most of the investors are choosing bitcoin as an investment.
now it's been a lot of others who choose bitcoin than other coins that have just appeared in these months.

The fact is most of the people are treating bitcoin as an investment and not a currency and in that case they are not willing to sell their coins to make higher profits in future so even if price is too high now they will not sell their coins now and will wait for the price to go even higher to make more higher profits in future.

Yeah, sure that people always think bitcoin is the best investment for the future, not a currency because the value of bitcoin is very fluctuating and often manipulated, it is unstable and no one guarantees it, even its creator has disappeared, we can not absolutely trust and use it as a currency. And of course because bitcoin is an investment, investors and traders will focus primarily on profits, they know that bitcoin will be the trend and the hottest investment in the future, so they will not sell the bitcoin too early, they will hold the bitcoin until it reaches the highest price, a price that they feel satisfied and profit is enough for them.

[BarbieCasino]

because bitcoins is a future money of the future maybe in 2020 they get higher and higher i will just stock it for safety so if i need a money i will withdraw just need a patience slowly bu surely

As far as the future value of bitcoin is concerned, we all know that it is going to someday touch some unbelievable value and then it would be really out of question to buy bitcoin directly. Bitcoin is the future of world economy and this is why banks are really against bitcoin because bitcoin is offering better services than banks. The transaction fees do not bother until we are making very good profit with it.

Holding of bitcoin is the best possible way of not only making some good money but also for having the safest way of investing your money as well. There are less chances that you will suffer some sort of loss if you will go for holding of bitcoin as compared to that of trading or anything like that. But you do need to sell your bitcoins at one point as the only motive behind investing in bitcoin was to make money.

[Barbarian]

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?

In a way this is correct but at the same time bitcoin has not reached wide adoption yet so we need to eventually convert our bitcoin to fiat especially if you want to make a big purchase but I think we are getting close to the day bitcoin is going is going to be accepted everywhere and at that point converting our bitcoin will be unnecessary.

[youdacapt]

because bitcoin is limited and will continue to be trusted as the most expensive currency conversion in the crypto market, such as the gold analogy that will never descend caste even though silver and bronze provide the best innovation. In the end I will not sell bitcoin and just focus on the altcoin market, bitcoin is the greatest asset for the future.

[Layonk]

There is no sense in NOT selling Bitcoins ever. This crypto shuld bring profit. Until we use fiat money, the best way to spend it is converting them into dollars and Euro.

1000% i agree with you. I dont really understand what he try to tell anybody.
Not all thing we can buy with bitcoin because recently not many shop accept bitcoin.
You need fiat because is accepted everywhere.

[anga3636]

Wish I had that perspective back when I had above 10 BTC. Oh well what can you do. I believe in the longterm value of Bitcoins. It will continue to be strong for the reasons listed. I simply don't trust in fiat currencies enough.

All people have wish to sell their bitcoin but they have wish to sell only when the rate of bitcoin is high more and more from the present rate that why people are holding bitcoin now.