Post
Topic
Board Economics
Re: Why You Should Never Sell Your Bitcoins Ever
by
thejaytiesto
on 13/10/2015, 00:42:53 UTC
So basically you are saving if Bitcoin reaches 10,000 dollars it would be a bad idea to sell.  I disagree with that.  I am not saying sell every coin you have but it would be worth it to sell some of the coins.  What if Bitcoin stays at $240 dollars for the rest of time, and you have 10,000BTC.  It might not be a bad idea to sell some of those coins and make some actual fiat cash as well.  What if Bitcoin crashes, then the best time to sell them would be now.  There are plenty of times you should sell.

Well, if it hits 10.000 dollars, it could either correct, or continue growing. So it's all pointless. Selling is always a gamble. The dollar may be weak by the time we hit 10.000, and you may be selling for a weakened currency just in hopes BTC will correct only because of the magic 10k number which in theory asks for a correction.