Post
Topic
Board Economics
Re: Why You Should Never Sell Your Bitcoins Ever
by
peta4e
on 15/07/2016, 09:38:32 UTC
There will be of course a time to sell your coins. And that is the best option. You must sell it when the price is high.
Than you can have some more money and that will be good. But you need patience and that is very important.
Yes, there will be a time for selling but I emphasize that no one knows when is that time and it might be current time!

If you consider bitcoin earning as a investment, then you could never think of the price for a long time. Often if used as fiat, any time looks to be good for selling. The reason is one on the other he won't get a chance to exchange if he holds for increased price.
It depends of purpose of investing, for example many may buy some bitcoin for  long term investment.

Yes and I think if you want to earn really huge profits from it then you should hold it at least for next 10 to 15 years then only investment can be profitable.
For me if you want to earn more profit you will need to sell if you think the price is on the moon and just wait again when the price goes down because you need to take advantage of the fluctuation of its price.

Traders are doing the same and earning good profits regularly and I think that is the best way to treat your coins, as it is allowing us to make quick profits so we should not miss any opportunity.