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Author Topic: Sell Everything?  (Read 101351 times)
dunfida
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September 12, 2016, 05:59:34 AM
 #801

Sell everything now could be one of the worst things you can do. The markets and the world economy are changing and, from my point of view, there are good signs for bitcoin.

We are already experiencing it hence the  price of bitcoin is gradually decreasing and one things for sure on what reason and thats is selling their  coins  when bitcoin price hits at $630 . As we can see bitcoins price is really affected well this is only a normal thing  thats  why bitcoins price is too volatile.

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September 12, 2016, 06:18:45 AM
 #802

While holding bitcoins allows you to sell them at an increase in value. I feel that it is important to remember that making purchases with bitcoin strengthens the economy the bitcoin is based on.

So accrue wealth, yes...but that wealth is nothing without purchases being made.

Save a little...spend a little.

Spending coins is a great incentive for merchants to accept Bitcoin as payment option as they see there is demand for it, but in order to make people spend, there must be enough interesting stuff that you can buy with Bitcoin. People must buy things when they need it, and not make any impulsive purchases just because you have the feeling that you must spend your coins.

Yeah buying unnecessary things with bitcoin will not serve the purpose as it will waste your coins, so till you don't find places to buy important things, its better to save them for future.

Who cares what the reason is for spending coins? If it's impulsive buying or buying out of need, it makes no difference to the bitcoin ecosystem. If the thesis is that spending coins is good for bitcoin adoption, it makes no difference the reason for the spending.

Thats the used of it and it only depends on user on how he deal with his coin and it is his decision if he want to sold it or he just gonna hold it for more years, but in my case i don't care really on what price i would sell my bitcoins since i am not a fan of holding it more longer and my hard earned coins ar basically sold on weekly basis depends on my allowance need or if i habe to buy something wich is i like.

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September 12, 2016, 06:49:35 AM
 #803

While holding bitcoins allows you to sell them at an increase in value. I feel that it is important to remember that making purchases with bitcoin strengthens the economy the bitcoin is based on.

So accrue wealth, yes...but that wealth is nothing without purchases being made.

Save a little...spend a little.

Spending coins is a great incentive for merchants to accept Bitcoin as payment option as they see there is demand for it, but in order to make people spend, there must be enough interesting stuff that you can buy with Bitcoin. People must buy things when they need it, and not make any impulsive purchases just because you have the feeling that you must spend your coins.

Yeah buying unnecessary things with bitcoin will not serve the purpose as it will waste your coins, so till you don't find places to buy important things, its better to save them for future.

Who cares what the reason is for spending coins? If it's impulsive buying or buying out of need, it makes no difference to the bitcoin ecosystem. If the thesis is that spending coins is good for bitcoin adoption, it makes no difference the reason for the spending.

Thats the used of it and it only depends on user on how he deal with his coin and it is his decision if he want to sold it or he just gonna hold it for more years, but in my case i don't care really on what price i would sell my bitcoins since i am not a fan of holding it more longer and my hard earned coins ar basically sold on weekly basis depends on my allowance need or if i habe to buy something wich is i like.

If price exceeds your entry price then its better to sell them off and secure the profits instead of holding them too long as you can re buy them when price again drops in the future.
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September 12, 2016, 07:51:15 AM
 #804

While holding bitcoins allows you to sell them at an increase in value. I feel that it is important to remember that making purchases with bitcoin strengthens the economy the bitcoin is based on.

So accrue wealth, yes...but that wealth is nothing without purchases being made.

Save a little...spend a little.

Spending coins is a great incentive for merchants to accept Bitcoin as payment option as they see there is demand for it, but in order to make people spend, there must be enough interesting stuff that you can buy with Bitcoin. People must buy things when they need it, and not make any impulsive purchases just because you have the feeling that you must spend your coins.

Yeah buying unnecessary things with bitcoin will not serve the purpose as it will waste your coins, so till you don't find places to buy important things, its better to save them for future.

Who cares what the reason is for spending coins? If it's impulsive buying or buying out of need, it makes no difference to the bitcoin ecosystem. If the thesis is that spending coins is good for bitcoin adoption, it makes no difference the reason for the spending.

Thats the used of it and it only depends on user on how he deal with his coin and it is his decision if he want to sold it or he just gonna hold it for more years, but in my case i don't care really on what price i would sell my bitcoins since i am not a fan of holding it more longer and my hard earned coins ar basically sold on weekly basis depends on my allowance need or if i habe to buy something wich is i like.

If price exceeds your entry price then its better to sell them off and secure the profits instead of holding them too long as you can re buy them when price again drops in the future.

Yes patience is really a key here. Sometimes the price drop takes a little time and you will have to be monitoring it. I think there are some applications right now that alarms whenever it hits your preferred amount.

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Positid
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September 12, 2016, 07:55:33 AM
 #805

While holding bitcoins allows you to sell them at an increase in value. I feel that it is important to remember that making purchases with bitcoin strengthens the economy the bitcoin is based on.

So accrue wealth, yes...but that wealth is nothing without purchases being made.

Save a little...spend a little.

Spending coins is a great incentive for merchants to accept Bitcoin as payment option as they see there is demand for it, but in order to make people spend, there must be enough interesting stuff that you can buy with Bitcoin. People must buy things when they need it, and not make any impulsive purchases just because you have the feeling that you must spend your coins.

Yeah buying unnecessary things with bitcoin will not serve the purpose as it will waste your coins, so till you don't find places to buy important things, its better to save them for future.

Who cares what the reason is for spending coins? If it's impulsive buying or buying out of need, it makes no difference to the bitcoin ecosystem. If the thesis is that spending coins is good for bitcoin adoption, it makes no difference the reason for the spending.

Thats the used of it and it only depends on user on how he deal with his coin and it is his decision if he want to sold it or he just gonna hold it for more years, but in my case i don't care really on what price i would sell my bitcoins since i am not a fan of holding it more longer and my hard earned coins ar basically sold on weekly basis depends on my allowance need or if i habe to buy something wich is i like.

If price exceeds your entry price then its better to sell them off and secure the profits instead of holding them too long as you can re buy them when price again drops in the future.

Yes patience is really a key here. Sometimes the price drop takes a little time and you will have to be monitoring it. I think there are some applications right now that alarms whenever it hits your preferred amount.
There is and you can use that in order for you not to focus on looking the price on a regular basis, you can use that either you will be investing for a short term or long term and even when you are a trader, that is very useful and I think many traders are already using it.

.
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September 12, 2016, 09:07:00 AM
 #806

While holding bitcoins allows you to sell them at an increase in value. I feel that it is important to remember that making purchases with bitcoin strengthens the economy the bitcoin is based on.

So accrue wealth, yes...but that wealth is nothing without purchases being made.

Save a little...spend a little.

Spending coins is a great incentive for merchants to accept Bitcoin as payment option as they see there is demand for it, but in order to make people spend, there must be enough interesting stuff that you can buy with Bitcoin. People must buy things when they need it, and not make any impulsive purchases just because you have the feeling that you must spend your coins.

Yeah buying unnecessary things with bitcoin will not serve the purpose as it will waste your coins, so till you don't find places to buy important things, its better to save them for future.

Who cares what the reason is for spending coins? If it's impulsive buying or buying out of need, it makes no difference to the bitcoin ecosystem. If the thesis is that spending coins is good for bitcoin adoption, it makes no difference the reason for the spending.

Thats the used of it and it only depends on user on how he deal with his coin and it is his decision if he want to sold it or he just gonna hold it for more years, but in my case i don't care really on what price i would sell my bitcoins since i am not a fan of holding it more longer and my hard earned coins ar basically sold on weekly basis depends on my allowance need or if i habe to buy something wich is i like.

If price exceeds your entry price then its better to sell them off and secure the profits instead of holding them too long as you can re buy them when price again drops in the future.

Yes patience is really a key here. Sometimes the price drop takes a little time and you will have to be monitoring it. I think there are some applications right now that alarms whenever it hits your preferred amount.
There is and you can use that in order for you not to focus on looking the price on a regular basis, you can use that either you will be investing for a short term or long term and even when you are a trader, that is very useful and I think many traders are already using it.

That is true but you cannot afford to sell all your coins at once, its always good to sell them in installments and keep some of them for future as you never know what price it will hold in future.

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September 12, 2016, 09:53:29 AM
 #807

I do not think that selling is the solution to be honest because the bitcoin still has a good future and it will gain numbers in the future without any doubts, its just a matter of time before it will be done.
We should not sell anything but just wait and have some patient.
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September 12, 2016, 03:37:42 PM
 #808

I do not think that selling is the solution to be honest because the bitcoin still has a good future and it will gain numbers in the future without any doubts, its just a matter of time before it will be done.
We should not sell anything but just wait and have some patient.

That is the right thing. But if someone really needed it dont hesitate to sell. Still life is better when we feel our income. It is still just money. Just like saving you need to withdraw some o it if you want something to buy.

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September 12, 2016, 05:31:29 PM
 #809

Selling everything is never a good choice even if the price is higher then what it is now, if you have 5 bitcoin you should just sell 2 or 3 of them when the price is quite high and you need money and keep something still because you never know what if the price grows even higher in coming time?
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September 12, 2016, 05:40:28 PM
 #810

Selling everything is never a good choice even if the price is higher then what it is now, if you have 5 bitcoin you should just sell 2 or 3 of them when the price is quite high and you need money and keep something still because you never know what if the price grows even higher in coming time?
Yeah just always do a backup if the price is high right now sell some of your bitcoins already made a profit when the price of bitcoin is below 600. you should not sell of them just do backup 2 or 3 btc so that if the price of bitcoin will continues increase you can be still make a good profit.. and wait again for the price dump and do repeat it..

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September 12, 2016, 06:13:54 PM
 #811

Selling everything is never a good choice even if the price is higher then what it is now, if you have 5 bitcoin you should just sell 2 or 3 of them when the price is quite high and you need money and keep something still because you never know what if the price grows even higher in coming time?

It depends on the what you buy after you sell the bitcoin. If you bought Monero in the past month, you have made good profits.
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September 12, 2016, 09:25:44 PM
 #812

I would not if I were you, there is still much potential that few people know for the use of bitcoin, so it is good to have a reserve for the future.
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September 14, 2016, 02:16:49 AM
 #813

It is important to think again before making this decision, because selling everything now can become a disappointment later. As I can see, Bitcoin is demonstrating considerable stability in the market atm, and is becoming more known and used every day, this can be a good sign for the future.
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September 14, 2016, 03:53:32 AM
 #814

I would not if I were you, there is still much potential that few people know for the use of bitcoin, so it is good to have a reserve for the future.

I agree with you it is better if you are going to save first and if you think that you are going to earn by holding then so be it. Because I proved that already that saving and holding your bitcoins is going to be a profitable way of getting some good profit in bitcoin. What you need to do is just wait and going to be patient with it.

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September 14, 2016, 09:50:00 AM
 #815

I do not think that it is a good idea to be selling all your Bitcoin at the moment because you are not going to make that much money if you do sell them right now.
I should wait for the value of the Bitcoin to go up so that you can get more out of it.
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September 14, 2016, 09:52:41 AM
 #816

I do not think that it is a good idea to be selling all your Bitcoin at the moment because you are not going to make that much money if you do sell them right now.
I should wait for the value of the Bitcoin to go up so that you can get more out of it.

If you have purchased your coins at for say $350-$450 level then you can afford to sell some of them to grab profits, but its not smart move to sell everything at a moment as price will be much higher in future.
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September 14, 2016, 06:08:01 PM
 #817

I do not think that it is a good idea to be selling all your Bitcoin at the moment because you are not going to make that much money if you do sell them right now.
I should wait for the value of the Bitcoin to go up so that you can get more out of it.

If you have purchased your coins at for say $350-$450 level then you can afford to sell some of them to grab profits, but its not smart move to sell everything at a moment as price will be much higher in future.

I bough most of the bitcoin when the price was $60. I still hold them as I think the price of bitcoin will rise further.
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September 14, 2016, 10:32:53 PM
 #818

If you really need to sell now, I believe the best thing to do is to perform a planned sale to just recover the capital you need at the moment, because selling everything at once is never a good idea.
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September 15, 2016, 01:53:15 AM
 #819

If you really need to sell now, I believe the best thing to do is to perform a planned sale to just recover the capital you need at the moment, because selling everything at once is never a good idea.

For me selling everything now is not a good idea because the price is not yet stable and for me we can expect more to come and to increase the price of bitcoin.

So if you are going to wait more and when you are in trading then you are going to earn better if you are going to wait more the fluctuations of price.

Because once you have hit the price increase then that's the right time to sell everything.

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September 15, 2016, 01:56:29 AM
 #820

Not just yet. Wait for the price of bitcoin to rise even further than what it is currently.
It rose $15 in the last 24 hours so I expect it too be $720 again in the next month or so.
We will just have to cross our finger and wait and see what happens. Smiley
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