Why You Should Never Sell Your Bitcoins Ever

[Barbarian]

You should never sell your coins so you don't have to pay taxes.
Seriously they try to cut down %35 + %18, what a corrupted government. They want to cut more than half of our holdings, they don't even care about our loss. If you have something you need to pay tax, no matter if you made profit or not. I think about changing citizenship because of these stupid rules and regulations. If I could find a good passport that works every country and tax free for crypto currencies I would apply for them. People live with fear if they use local exchanges their bank accounts could be freezed.

If you have a lot of bitcoin then you could look for it, I do not know of any country where you do not have to pay taxes in your bitcoin but there are many countries where you do not have to pay income tax or capital gains tax, go there and ask about your situation and maybe they could help you.

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[pisston]

You should never sell your coins so you don't have to pay taxes.
Seriously they try to cut down %35 + %18, what a corrupted government. They want to cut more than half of our holdings, they don't even care about our loss. If you have something you need to pay tax, no matter if you made profit or not. I think about changing citizenship because of these stupid rules and regulations. If I could find a good passport that works every country and tax free for crypto currencies I would apply for them. People live with fear if they use local exchanges their bank accounts could be freezed.

If you have a lot of bitcoin then you could look for it, I do not know of any country where you do not have to pay taxes in your bitcoin but there are many countries where you do not have to pay income tax or capital gains tax, go there and ask about your situation and maybe they could help you.

Unambiguously, we keep bitcoin in order to serve, even if it's expensive. But the essence is still the same. The only question is when it happens

[Biggapp]

bitcoin is more stable currency. if you sell your btc you never buy at same price you need to buy at higher price so you loose your profit.

You are right, if we sell now then we will buy at a higher price so I advise not to sell bitcoin now, let alone soon in 2018 and the price will skyrocket.

I don't think so, the price of Bitcoin and Altcoins is always move up and down if you can technology analysis and then sell it when its price is high and buy its price is lower you can get a lot of profit. But to make this is very hard, you have to knowledge and control your emotion.

Not good to wait because if this reason only but it is good to have both means for bitcoin price gone high and holding as an investment as well. Now price of bitcoin is increasing in price and will get high in very short time if you will not sell it for short time. Bitcoin is best long time investment and selling for low price is always a bad decision using bitcoin, sell It but if you are really in need of money and not having any other way for it.

[cherryganda]

Based on previous experience, when I sell bitcoin then not how long the price will skyrocket, this has been repeated several times and of course make me regret, from experience that makes me will not sell bitcoin again.

its just the matter of time and timing, you sell bitcoin on low and that is wrong, you just need to wait for the big leap and wait for sometime theres so many news that we can rely on and more experts all over the social medias who can give hints when to buy and sell.. if you cant do it right better have bitcoin and hold it for a long time

[RavRider]

I really like the first post of this thread You see already 2015 there were alot of people who believed in bitcoin and tell everbody to hodl! These people are rich today. You d everything right!

[tech72]

I will never sell Bitcoin because I love them and they are too high right now with incoming good news. Only a fool would sell now.

[Zertoshi]

I really like the first post of this thread You see already 2015 there were alot of people who believed in bitcoin and tell everbody to hodl! These people are rich today. You d everything right!

But... are they still hodling? Some not: they have cashed out. They are rich now.

[thetractor666]

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?

Not selling the BTC ever doesn't make any sense, if not when should I do that ? You didn't specificate anout that ever.

[Natsuu]

I will not sell mine and hold as long as possible until the right time and price. But to never ever sell i dont see why you will not ever sell your bitcoin. Maybe its better to be "when is the right time to sell bitcoin".

[Uno17]

I never tried selling my bitcoin yet, but it’s hard to say also that never sell ever, maybe for now i am just focusing on accummulating ny bitcoin, because my goal is to be able to save big money from bitcoin, so i concentrate on the goal while i dont have enough yet, when i am able to get the target figure on my bitcoin already someday, and at the good price of course selling some bitcoins also could be considered. But for now, no yet😃

[ninadoge]

I think never sell Bitcoin isn't the point . Because at last, your reason you're coming to Bitcoin is the profit , the income, so soon or later you have to sell it for cash at all.

[josephpogi]

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?

My reason is i want to become rich someday and i believe that bitcoin will increase more in the future so that's why i love holding this. And i can say that after 4-5 years bitcoin and other cryptocurrency will become virtual currency and the value will become $100000 or more so i think its more good if you hold your bitcoin and be patience.

[Alalex]

Because I have considered it first, I read the difference if I keep my btc balance, I will get a profit almost half of the balance btc. . So I guess saving balances btc will be better for me and everybody ..

And save this btc practically we will not take much time .. Sell bitcoin balance, this jga profitable for us but it will also risk if we do not understand do bitcoin sales , there is only we will lose if we do not understand the problem of bitcoin sales ..

But rarely the loss of trading bitcoin, but there are steps to start a transaction to buy and sell digital money.

[Maslate]

I think never sell Bitcoin isn't the point . Because at last, your reason you're coming to Bitcoin is the profit , the income, so soon or later you have to sell it for cash at all.

Exactly, we have to sell our bitcoins but  only when we see the desired price we have been waiting for.
When we make profit that is already called as successful investing and we will desire to be more successful and make money in crypto
as everything is possible here so we have to maximize our income.

[ricardobs]

I really like the first post of this thread You see already 2015 there were alot of people who believed in bitcoin and tell everbody to hodl! These people are rich today. You d everything right!

But... are they still hodling? Some not: they have cashed out. They are rich now.

Lol, that there are people telling others to hold their bitcoin back in 2015 doesn’t mean that they’re rich now. Some of these people telling others to hold back in 2015 are even the worst when it comes to panicking, and the op can possibly be one of them. By the way, this is Investment, if you think you have made a lot of money, then you should make space for others to invest and make their own.

[Charisse1229]

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?

Becuase if you dont sell your bitcoin since new, you have a big profit now. I think if you have bitcoin in when its start, for sure you have a lot of money now. Thats one reason why you dont sell bitcoin.

[Ranly123]

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?

If those online store is backed by bitcoin then there is no use to sell your bitcoin for fiat money. But when there is something you like in the malls or market then it should be better to sell not all but a portion of you profit in bitcoin. As of now bitcoin reaches almost $19k then if you have a whole bitcoin then you are rich and can afford to buy on online stores that accept direct bitcoin, so there will be no need for you to sell your btc just shop online and everything will be fine for you.

[Bandon]

For me bitcoin is like jewelry, you only sell when you're in a tight spot or badly need money. Remember Bitcoin is your gold, only a fool would sell this asset while it’s on the road up.

[Farhan786]

Bitcoin wouldn't have any value as well if it weren't for the fiat money. In fact the reason why bitcoin is somehow accepted by some merchants is because of its value to which these merchants can exchange these coins into fiat.when the price is quite high, You can earn money and buy bitcoin again.

[Barbarian]

I will not sell mine and hold as long as possible until the right time and price. But to never ever sell i dont see why you will not ever sell your bitcoin. Maybe its better to be "when is the right time to sell bitcoin".

Having that attitude of never selling is not good, after all at some point you need to enjoy your money, what it is the point of having a fortune in bitcoin if you cannot pay your rent, set a price you think is ridiculous and when bitcoin touches that price then sell and enjoy your profits.