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Author Topic: do you sell your bitcoin or convert to usd?  (Read 2681 times)
melted349
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August 20, 2017, 10:31:14 AM
 #81

Well, yes. Everyone does sell their Bitcoins when they needed money otherwise there is no reason to sell as everyone know that the price of BTC is still undervalued. The only people who sell Bitcoins without reason is panic sellers.
Agree with that the one that sell their coin with out any reason are panic sellers first of all you would sell your coin if you see it pump and there would probably dump immediately at the certain time.
Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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August 20, 2017, 10:38:44 AM
 #82

do you sell your bitcoin or convert to usd?

Part of my bitcoin is used in trading,  I have to sell and buy it in order to make money. But there are bitcoins that I hold for a long time, and those bitcoins are waiting for the price to reach 10K before it get exchanged to fiat.
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August 20, 2017, 11:17:16 AM
 #83

I don't sell or convert my bitcoin because I want to hold it for years because I know the price of bitcoin will be more than of what value it has right now. I don't want to settle for less I am aiming for big return from my investment.

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August 20, 2017, 11:25:33 AM
 #84

i do use to sell bitcoin on trading when the price is very high to me. wait it to down a little and. buy it back. for trading it very profitable for me.
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August 20, 2017, 12:38:00 PM
 #85

Only if I have to and as a last resort. The plan is to hold my bitcoins for as long as possible, but things do come up every now and then that make me spend them.
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August 20, 2017, 12:59:43 PM
 #86

I don't sell or convert my bitcoin because I want to hold it for years because I know the price of bitcoin will be more than of what value it has right now. I don't want to settle for less I am aiming for big return from my investment.
Putting hopes on Bitcoin will not make you disappoint. But holding for a long time either it will give an unexpected profit or loss. So i will also hold my coins, but when i need money and get a good price to sell, i will cash out some coins and use that money. For me, this is the right time to enjoy my life, and i need money to enjoy. So i am using these funds and completing my dreams.
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August 20, 2017, 01:07:05 PM
 #87

I sometimes do whenever the need arises. Usually during emergency situations or when there is no other source for me to get funds, then there's no choice for me but to sell some bitcoins. I also take advantage whenever the price goes up. Bitcoin has allowed me to have some extra fiat money. Some people consider Bitcoin as a job and a source of daily income, so they probably sell or convert it regularly. They use it for their daily expenses like for their bills and other assets. But I'd rather not sell it, because I intend to hold my bitcoins for long term use.
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August 20, 2017, 01:30:24 PM
 #88

do you sell your bitcoin or convert to usd?

I thought selling means that you sell them to usd or any other fiat currency. In this case, i don't sell them. I trade them sometimes to other alt coins if i feel that i might get profit, but usually i just hodl them for more, in my opinion it would be really silly to sell them now.

 
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August 20, 2017, 01:43:36 PM
 #89

do you sell your bitcoin or convert to usd?

I thought selling means that you sell them to usd or any other fiat currency. In this case, i don't sell them. I trade them sometimes to other alt coins if i feel that i might get profit, but usually i just hodl them for more, in my opinion it would be really silly to sell them now.
yeah its really not a right time to sell bitcoin as fluctuation keeps happening so better to hold or buy coins which you can get some good chances to
grow your bitcoin but if in case to case basis I usually sell my bitcoin directly to my fiat.
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August 20, 2017, 01:51:06 PM
 #90


For me and also because I believe in bitcoin I will just hodl it dearly. Maybe withdraw some if I need some cash but most of my bitcoins are intact. I also do trades with altcoins to gain more bitcoins.
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August 20, 2017, 03:11:21 PM
 #91

I sometimes do whenever the need arises. Usually during emergency situations or when there is no other source for me to get funds, then there's no choice for me but to sell some bitcoins. I also take advantage whenever the price goes up. Bitcoin has allowed me to have some extra fiat money. Some people consider Bitcoin as a job and a source of daily income, so they probably sell or convert it regularly. They use it for their daily expenses like for their bills and other assets. But I'd rather not sell it, because I intend to hold my bitcoins for long term use.
- I also just sold my Bitcoin in real situations of emergency, and every time I sold, I feel very sorry when the price of Bitcoin continues to rise, so I am very limited myself to fall into this situation. Normally I convert bitcoin into usd to buy altcoin, especially when the price of Bitcoin achieve the highest possible value, this is a good time to convert and accumulate altcoin.


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August 20, 2017, 03:16:32 PM
 #92

I'm usually convert bitcoin into my loca currency but for some time, I'm hold bitcoin because my currency still weak against dollar
Luckilly I've local exchanger that support this !

Smiley
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August 20, 2017, 03:34:14 PM
 #93

If I sell more bitcoin than currency conversion including USD. Because the need can not be postponed rather than save in the form of money is better on sale for the necessities of life.

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August 20, 2017, 03:42:15 PM
 #94

I try to save my bitcoins as long as possible and don't sell it but if I am in urgent need of cash and I don't find any other source to get fiat then I sell some of my bitcoins and convert it to my local currency as in my country I can't use USD anywhere for buying things offline so I sell my bitcoin and get fiat currency transfer to my bank account.

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August 20, 2017, 05:36:57 PM
 #95

Of course, i always sell half of profit i get from bitcoin to fiat every friday. Because, i feel worthy of being paid online to pay for electricity for example or for time i spent sitting in front monitor. And bitcoin is my best job.

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August 20, 2017, 05:43:46 PM
 #96

do you sell your bitcoin or convert to usd?
This will depend upon the conditions that will happen for me during the trading because we need to go through the usd because of the onl reason of the two factors .
First factor is to have only usd for thr making deals or we need usd to oay someone and second reason may be to make the stable of your investment  in the bitcoin .
Usually most of the times i faced such type of conditions and also i made changed my btc into usd to make its price stable for long time ( beofre the two weeks of the hard fork .
And i think here herr it is brttrr option for js to have usd instead of cash in some cases because to sell for fiat for direct deal is not safe thing but at exchange direct change into usd is better option and we can still make trade with that usd with another coins .
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August 21, 2017, 04:31:32 PM
 #97

I use bitcoins as my source of living and trading some of it. I used to work on a signature campaigns and do white papers and as  i earn bitcoins, I have tried to study about trading and how it works and it turns me into a trader because u can gain money easier but just a small amount and that amount is already enough.

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August 21, 2017, 04:37:23 PM
 #98

first banking more btc and after that is ok converted in usd

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August 21, 2017, 08:21:30 PM
 #99

Well, yes. Everyone does sell their Bitcoins when they needed money otherwise there is no reason to sell as everyone know that the price of BTC is still undervalued. The only people who sell Bitcoins without reason is panic sellers.
Peole have different reasons to sell bitcoins, for example  that they need to sell either to convert it to fiat or to convert it to some other currency for the purpose of trading. Also in time of panic when the prices goes low and when some people find that  price is going down so they become panic due to these reasons which makes them sell their coins. Otherwise I don’t see any other reason due to which people sell their bitcoin.
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August 21, 2017, 08:26:19 PM
 #100

do you sell your bitcoin or convert to usd?

Part of my bitcoin is used in trading,  I have to sell and buy it in order to make money. But there are bitcoins that I hold for a long time, and those bitcoins are waiting for the price to reach 10K before it get exchanged to fiat.
It will be a great idea if some one do not sell their bitcoins and hold it for the price increase. I am hopeful that I have a good opportunity  to hold my bitcoin for such a long time but unfortunately some time  I feel the need to sell my bicoins and feel hard to manage and hold it for some more time therefore I also sell some of them without getting a good profit from it.
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