Bitcoin Forum

In reality, such an approach benefits the large Bitcoin holders the most, and it can be quite unfriendly to smaller Bitcoin holders.

I guess for long term holders who have held for more than 4 or 5 years and have seen a lot of profits from holding, they can decide to sell off a bit of their Bitcoins. But then everyone has their own personal reason to hold or sell. This is why as a bitcoin investor, you should have a good source of income, to avoid selling of your coins at the wrong time. For small scale investors, who have barley seen good profits from their initial capital, it would be foolish to sell off.  But dont also be foolish not to sell your coins for money when it comes to a situation of life or death. Only the living will hold Bitcoin and enjoy its profit. You can always buy more when you are alive.

Both large and small holders have equal profits. The profit level for each holder can be calculated based on your buying price and the price it will be when you want to sell. If the profit is up to five times your buying price, it will be added to your portfolio based on what you hold. 
 
A large number of holders did not just start one day with all that they held; it took a gradual process, and one will have to accumulate based on what they can afford. With time, you will accumulate a higher amount if you don't sell. 
 
The idea of never selling your bitcoin; Bitcoin is not meant to be kept like doctoration in the first place. I can only interpret that statement to mean never selling my bitcoin at a low price, that's all, but when I see enough profit, I don't know how long that will be, but selling and refilling the wallet at the right time is also not a bad idea.

Starting from the subject I will say never selling your bitcoin is as definitely not what is meant, rather it is sell your bitcoin at a profitable price and that is only possible if you basically hold for long. Both the big holders and the smaller holders took a considerable risk that they know they can afford to lose and the profit is also equal to that same risk, so if the big holders are also taking profits and the smaller holder too cannot risk beyond that, they should also take their own profits too.

Bitcoin is either treated as a currency or as an investment, any of the both options picked, you need to make use to it. It will be absurd to just accumulate bitcoin, see it in profit and when in need of funds you don’t go to get breakthrough there. It’s like not benefiting from your investment. I personally believe taking profits is part of all this holding bitcoin process

What do you mean by "never"? Is it literally hodling Bitcoin forever, or just a figure of speech to hodl it long enough to sell it at ATH or whatever your target is? The idea can be foolish or smart, depending on what happens in the future, which cannot be forecasted. If you only look at the years up to 2024 (present), then it is smart! Look at the percentage increase in Bitcoin's price. But it may or may not be true in the future, so people should always manage their risk.

Bitcoin is a currency that is used for the exchange of goods and services. It is also used as an investment to make gains. I don't think anyone intends to keep his coins forever.

However, your post would have been more meaningful if you explained why you think smallholders will not benefit from keeping their Bitcoin for a long time. From 2009–2015 Bitcoin price started from $0.10 and was around $732 at the end of 2015. Someone who had just 5BTC might be seen as a smallholder during this time. If this smallholder had held his coin to date, he would have made a fortune from his so-called smallholding. It might be hard to believe, but you should know that Bitcoin price will keep growing to the extent that an insignificant bit will give you a fortune in the future.

I encourage low or medium-income earners to keep saving and buying Bitcoin using DCA and don't be discouraged by all these baseless claims. Your hodlings might look worthless compared to what big hodlers have, but we shouldn't be discouraged. Everyone should buy Bitcoin based on their abilities because we are not competing with anybody.

This feels a bit like asking whether never spending your money is foolish or smart. While you shouldn't waste it, what's the point of having money if you never spend it? Though of course this would imply taking "never" quite literally.

Assuming you mean holding onto Bitcoin as long as possible, rather than literally never selling it: It really depends on your personal situation. If you struggle, it would be foolish not to derisk a little. If you can afford it, it might be smarter to stay in the market.

If we all hold our Bitcoin and don't make a transaction, then the Bitcoin ecosystem won't be strong and Bitcoin as a payment method won't become massively adopted, this action will not benefit the largest Bitcoin holders. Don't get me wrong, holding Bitcoin is not a bad idea, I only want to say that if we all hold Bitcoin and do nothing, it will be bad. Bitcoin should be in circulation, and massive usage, it should create good and that will benefit everyone.
Imagine you hold tons of gold and don't touch them, you are no different from someone who doesn't own gold because you never sell it.

My view is that it would be a stupid idea because at the end of the day, bitcoin is just money, it is meant to serve our lives and what will we get if we don't sell it?
We are just retail investors and we need money to maintain and meet our life needs. So, hold on to bitcoin as long as you can but think about using it for a better life. Never hold on forever while your family and children are having a miserable life, it's really a stupid idea.

There may be people who will never sell their bitcoins because they are too rich and don't need them, but don't try to compare us with other rich people. Let's be realistic and make the best decision depending on our situation.

Bitcoin is just like money, when you have money what do you do with it? It's either you spend it to buy something you're in need of or if you don't have a need for it at the moment, you could alternatively save it till you have what to use it for. Saying that you should only keep your Bitcoin and never sell it when you have needs to sort out is to some extent foolish.

Maybe for people that have some funds they aren't using and would just prefer to keep it in Bitcoin, it's for those people you could think of as HODLers and for them, they can decide not to sell it and think on on how to become profitable from what they currently hold.

Since I understand Bitcoin better than I did before, my opinion has always been and will remain that every Bitcoiner had motivation that prompted them to invest in Bitcoin, and every Bitcoin investor also has a goal that they have set for their Bitcoin investment. That goal of investment is what can help a bitcoiner decide if they must sell their coin or not; it's the goal that will help them determine when to sell and when not to sell (perhaps a wise and patient investor only wants to sell when they have made a satisfying profit). 

There is no one who makes an investment without having any plans or goals in regard to that investment. Some people are investing in Bitcoin just so that their children can inherit it, while others are still holding unto their Bitcoin because they are so rich, and even if they sell their coin, they don't know what to do with the money at the moment. So, it all depends. 

With an asset that has a limited supply and increases in price over time like bitcoin or gold, holding them for a long time will benefit the rich, or be stored in the national treasury budget is a great thing. But for people like us, who work hard and have to worry about every meal every day, holding on to bitcoins forever would be a bad idea.

Everyone's goals are different, but if your purpose of investing in bitcoin is to have a better future and a more comfortable life, then I don't think you should hold onto bitcoin forever. Don't forget what is the goal for which we invest in bitcoin.

Nope it's not foolish, the foolish thing is someone asking to other people about his life, what to do, including the way he want to spend his money.

I'm just wondering why someone want his life to get controlled by other people, if other people say you should eat your own shit, would you eat your own shit?

Each people have their own way to live in this world, you can't ask other people to follow your live and vice versa. If someone don't want to spend their coins, it's up to them, why we should care with their choice.

Never sell your bitcoin if the current price is at a lower position, otherwise you are not selling to gain profits but to lose your future profits. However, if you have been hodling for quite long years and you think this is the perfect time to sell, then never hesitate to sell. We should be selling in order to enjoy our profits, not to keep hodling our coins forever. But if you think by hodling more it will make you richer in the process, well that’s true. The longer you hold, the bigger profits will be waiting for you, as long as you sell for profits.

If you never sell because your target selling price has not been achieved, then you are dealing your investment smartly. If it takes hodling more before you will see it’s new ATH, then never sell but hold. But on the other hand, if you have been seeing bigger percentage of profits if you tend to sell now, I don’t think selling could be a wrong option. Sell when there is profits, hold when there is none. I believe that’s the only important thing if you decide to invest.

That idea is soooo Saylor.

The idea comes from the fact that billionaires do not sell their financial assets, they borrow against them. This, which is quite true, is not 100% true, because from time to time they do sell their assets. So, his idea is that Bitcoin is the best financial asset in the world, and the best way to get rich with it is to accumulate as much as possible and borrow against it.

This might make some sense if you have dozens of Bitcoins at least, but if you have 0.05 BTC you better forget about it. If you watch any explanatory video you will see how people who for example need $100K a year to finance their lifestyle to borrow against their assets and do it in a rational way and with minimal risk would have to have at least $2M in assets so that if a 90% drop comes you don't get screwed by a margin call.

once you need FIAT you exchange what you need.

In Business you need places where to store value.
Money has to work in order to produce more money and sustain your lifestyle.

Carrying out the act of selling and buying Bitcoin in the crypto market in large or small amounts cannot be said to be stupid or smart, both lie in your own thoughts in understanding it, Of course, everyone has their own views and ways of carrying out trade or investment to improve their economy on a scale.

Selling Bitcoin lies in your thinking, it is smart if you calculate that you have made a profit and conversely if you sell there is no profit, what do you buy Bitcoin for....! If you buy to improve your economy, of course you have to think about profits when selling, whether in small or large quantities.

 Conclusion: you can sell now, if you have calculated the profit figures, that's a smart thought and it's stupid to sell and you'll actually make a loss.

Always and never are some terms I dont like to use in the context of speculative trading.

Holding for long is a practice that needs to be imbibed in the new investors. Because we old investors know that bitcoin's true profit is from long term holding and not short term gains. Years of stagnancy have happened and we have gone through them. The rise you are seeing in the last few months is new and this is not the norm.

Selling is of course welcome when you are in need of money. But saving is important and that is what has been emphasized over the years.

Exaggerated. Of course there will be a point that you will be selling in order to take or secure profit  It is just the idea of not selling too early because an uptrend or recovery is anticipated. Even with other assets you will be needing to do the same thing, simply to preseve the value of your holdings and obviously, to make bigger gains. Another is with panic selling; many investors, especially new ones, are just hyped of how much money other users have earned, but are not even understanding the "whole" process of investing and holding.

The market price will not consistently and continuously move up; there are personal milestones you could set as the owner of an asset to which you would be satisfied with profit. Just be mindful or managing the risk such as knowing the 'perfect' timing which is absolutely subjective.

I honestly don't agree if the context of thought is “never sell your bitcoin” because basically someone has a plan in bitcoin ownership for a specific purpose, and at a certain time will definitely do jail, even people who hold long-term even like 1 decade or two decades have determined the time of sale, meaning that he will sell it even though he holds long-term.

And the right title is, hold your bitcoin in the long run as in the sentence you used OP on what you said in your argument, I would strongly agree with this because it is proven that bitcoin if held in the long run will provide benefits to its owner with the price increase that bitcoin has experienced so far.

Regardless of whether it is large or small I think it is not a problem because in the end we benefit according to the portion whether it is a bitcoin holder for a large amount or a smaller nominal.
If we are talking about the problem of profit, of course we must realize that profits will not be abundant when the capital is ordinary as well as when in bitcoin but that does not mean we are not profitable, it's just that we have to realize what portion we have.

Never selling seems to be a condition that I don't think is too appropriate because after all it doesn't mean we shouldn't sell especially when talking about investing then we have definitely determined the point where we will stop but in this case maybe what is more certain is not to sell when you are still at a loss and not yet at your destination because we ultimately have a focus that is all almost the same as financial freedom as a hope so as long as it is still the initial goal and as long as we are still able to be in bitcoin why do we have to sell in the end.

Well, "never" sounds like a bad plan, because if you "never" sell then you never have it, it is basically gone, you are not going to be seeing any difference between you never selling and you burning it and destroying it. So the "never" idea makes no sense, it's definitely foolish.

Don't sell unless you have to is a greater idea, if you can hold it and you do not need to sell it then hold it as long as you can, let it grow and if you pass away then make your child do the same thing, if you are old, like 60+ years old and you have no child, then sell it and just spend it mate at that point you are not going to leave it to anyone.

So, all I am saying we should consider how we could make it change in a way that would make sense for people to have better results, it should be something that would take a good long time, but that doesn't mean that it is going to be easy, we just need to make sure that it is going to take a while, and not that easy to handle at all. We could see something changing, and because of that we are going to end up selling and maybe we can even trade after a while.

Finally, what I am trying to say is that don't have that "never" sell mindset, it is useless to keep it hoarded like that.

It is not unfriendly if someone sells their Bitcoin holdings, whether they are small or big. Look at the institutions, when the market plunges, you'll see their names on the headlines that they've dumped Bitcoin. To them, it's just pure business but to us, this is a real fortune of our lives. Those who have plans of never selling their Bitcoin, I don't know what to say to them because they have their own ways of approaching their holdings. But I don't think that they'd hold forever because times might come to them and they'll be required to sell for their own sake. What matters IMO is on how you'd maximize your holdings and it will serve as if it is your lifesaving and there are folks already that have planned all well in the future and treats it as their retirement plan.

It's not to be taken literally. Never means not ever, not today, not tomorrow, at no time in the future, not at all. So, what's the point of it all? You invest your savings in Bitcoin, you take a couple of jobs and a side hustle, even deprive yourself of some things, work hard, and use a significant portion of your salary to buy Bitcoin; hell, you even sell properties to buy Bitcoin, and then you won't do anything about your coins? You'll just accumulate and accumulate more of this thing called Bitcoin until you die? What is Bitcoin, salvation?

I don't interpret it this way. When I advise or say hodl or never sell your Bitcoin, I only mean that they keep it long term, that they don't sell it just because the price increases 5, 10, 20 percent or because it corrects, that they don't convert just because they want to buy the latest iphone.

Our only objective in investing in cryptocurrency is to earn profit regardless of the coin we invest in. Similarly when we invest Bitcoin our only aim is to earn good profit from it, so many investors hold it for long term even short term.

But OP as you mentioned in the title of this post, "never sell your Bitcoin". Does this mean you want to hold the investment forever? We all have a specific plan and goal before investing even when to sell the investment we decide in advance. It depends on the investor how long they will hold their investment. Many want to hold the investment for 4 to 5 years and many want to hold for longer. No matter how long hold our investments, we sell them as needed. Maybe OP you should do the same.

The intelligence of the investor depends on his decision when to sell or buy. The purpose of investing is only to get a commensurate return, for investors who have held Bitcoin for the long term it is a good idea to sell some Bitcoin when it is traded at a high price. Price fluctuations that always play a role in Bitcoin's journey can be utilized to buy back when Bitcoin is trading at a cheaper price.

For small scale Bitcoin holders, they can also take advantage of the price increase to sell Bitcoin, the profits obtained can be reused to buy more Bitcoin at a cheaper price. Investing in Bitcoin is not always measured by how long you are able to hold Bitcoin, but you must be able to prioritize the initial plan when investing. Ideally in my opinion, when the price is high, sell immediately and buy again at a cheaper price.

Instead of asking others, ask yourself if you held bitcoin forever, what benefit would that bring you? Each of us is different, we are not the same in terms of economic conditions, the number of bitcoins we hold, the pressures in life are completely different...So, it's entirely up to you how long you hold your bitcoin or keep it forever.
If you ask me, for me bitcoin is an investment and holding it is only for the purpose of improving my life so I don't see any reason or see any benefit in holding it forever and not selling.

We do have our own will
We do have our own preference
We do have our own choice
We do have our own decisions

Outcomes and results would really be that entirely be depending into someones personal decisions about his/her coins. Your money your rules as we do all know.
Investors could really be classified whether they are short term holders or they would really be that going for long term. Selling out on high peak prices and making up some entry
on crash or bear markets then it is really that the basic stuff about buy low and sell high thing but doing on the right time or position will really be the toughest challenge among all.
We do have our own targets or goals on which we know that when it comes to this aspect then it would really be something that will be that into their interest and preference.

Sell if you think you are already gaining profits and you have the need of cash. It is not advisable to deprive yourself for something you can afford and such need is basic need. You can always find a way how to earn that back. The reason why you want to earn more is to alleviate your living. So what's the point of holding your coins if you can't afford to buy your food or pay your bills?

And if connected by holding Bitcoin is a good idea of course you are right.
The question is, how do bitcoin holders in small amounts also have to be profitable like large bitcoin holders? This must be a reference and we often consider small people not to have the opportunity like that of the rich.
In fact, investment in the equivalent that only distinguishes the level of capital possessed by someone so that those who have large capital are considered quite profitable.

When a smaller bitcoin holder is not friendly then make an investment plan so that we can achieve the same luck.
DCA patterns and strategies may be a hope that can be run because in this way a person can continue to gather even though the capital he has is small.

That's right the point is never be greedy because in investing in Bitcoin of course we have a plan from the start and when it has been achieved then we should continue to run as planned and to start it again we can do the same thing as the beginning again even though in a different situation.
And to meet the needs in life is a must, regardless of any investment it cannot be maintained if our stomachs are empty.

However for some people who have financial stability, I think the idea of ​​never selling Bitcoin for a long time is not stupid, because we never know what will happen in the future, it could be that it will get big profits.

To begin with, who can actually achieve that? If you are investing your money in bitcoin, the most likely reason for this to be the case is that you want to increase your capital and protect yourself from inflation, but at some point you may want to use part of that wealth for yourself, so never selling is a goal that is difficult to achieve, a better goal is to set the time you want to hold your coins, and once that time passes you can start to think about what will be the best use for that wealth, which could include to keep holding your coins as you do not need them right now.

And in fact, everyone who has made long-term investments in Bitcoin from 5 years to 10 years ago or more has now made huge profits. And I think it doesn't matter if they want to sell some or all of what they have that they have held for a long time. But for those who have just entered this season and they intend to invest long term, they really have to adhere to their initial plan for those who want to invest long term. And you must remember that long-term investment means you are ready to hold it for a minimum of 5 years. So for those of you who are not ready to hold for at least 5 years, you may be more suited to medium-term investment. And there is no problem selling it at any time when you are satisfied with the profits you have made.

I think the whole HODL forever thing is stupid. What’s the point taking extreme wealth to the grave. Unless you have a very high paying fiat job then HODL forever is dumb. Let’s say you HODL for 10 years & you are up 1500% are you supposed to not move to a better area to a bigger house to make your kids have a better life? Of course not, it’s dumb. Never sell ALL of your Bitcoin is smart though.

Never been a foolish idea since its proven that holders gain for that decision they are doing and so far I could up read some good statement regarding that everything is doing good especially on their decision to hold. The one I usually see crying for their losses are those newbie traders which hopes for something great to come up each trades with their picked coins in the market, but their expectation didn't show up and what they encounter are those unpredictable situation which cause them to lose their money.

But also if you hold then make sure you have target year on when you gonna sell your bitcoin so that we could able to enjoy the profits we got since that is what we are targeting for having decisions to hold our bitcoin.

What is the essence of having bitcoin when you don't sell it?? Normally you would always hear people say don't sell your bitcoin,  this doesn't mean you won't sell your bitcoin at all, it is just an encouragement for one to hodl bitcoin for sometime because doing this is the only way you can add value to your bitcoin.  Bitcoin is a volatile asset and one of the reasons why people get bitcoin is to keep it for sometime. If people buy bitcoin and not having any plan to sell then their is no reason to have Bitcoin because keeping and never to use it in the future is like having nothing and their is no sense in it.

I think it would have been better for you to make some research to have good understanding of what it means by never to sell bitcoin, it just means hodl for sometime to have profit before you decide to sell bitcoin.

Exactly. Never sell your bitcoin doesn't mean that you won't be selling your bitcoin forever as it's certainly impossible, but most likely for the time being where your goal price isn't reached yet, then it's always advised to never sell when there is not yet massive profits or when you are going to sell at a loss. You have to be responsible with your investment and avoid letting your emotions to decide when to sell, but sell only when you know there is logical reason to sell.

exactly. Every investor has a target for their investment. Many of them set a specific target for which, if the bitcoin price rises, they will sell. Although I believe that someone who has been hodling for the past 5 years will reach their target now, we may have some people whose target hasn't been reached, but still, it will be hard to get because for the past 5 years the bitcoin price has been very low compared to the current one, unless such a person is targeting $100k or maybe some will sell some part of it and continue hodling the rest.

If you aren't greedy and invest in accordance with you risk tolerance level, you shouldn't be selling until you have reach the end of your investments duration. If you planned to hodl Bitcoin until it reaches $100k and it does that then you can sell. Nobody has the right to tell you when to sell or not to sell. The ideal begin not selling is to encourage people to keep hodling and not being weaklings that sells when they see any pressure on the market. If we keep selling we won't be able to benefit from when Bitcoin prices increase so we are always advised to hodl and not sell unless there are life and dead problems.


My philosophical is that I can't be hungry and I have an investment that can be sold to attend to my hunger and I wouldn't do it just because I'm holding. We forgot too soon that once you're dead, there's no coming back from that and your assets and everything you worked for can be misuse and your heirs loses everything through mismanagement or ignorance. If you need fiats, don't go borrowing and giving yourself unnecessary debts but sell and solve your problems that are needs and not wants. Wants can wait for the profits from your investments to afford them.

Never sell your bitcoin turns out to be a foolish idea if you already have seen decent profits in front of you but still you are hesitant to sell hoping that there's more to come in the next couple of days or months. You need to sell when there are significant profits already. Don't be too greedy, but instead know when to sell your bitcoin and know when to hold more. Hodling is good but it has also its certain limitations.

Dont need to stress out yourself when it comes to this on which on the moment that you had bought bitcoin then it would neither for you to sell out in profits in short term basis
or you would really be just that basically making yourself simply hold those coins for long term? It would really be just that depending on you on which each person does have their different
targets or goals when it comes into their Bitcoin holdings. You cant stop them whether they would really be selling out neither big or small coin holders because the main purpose on why
people are dealing or engaging with Bitcoin isnt really that totally because of its utility but rather because into the earning opportunity that does it have.

Selling or holding then it would really be that just depending on you, if you do find out that BItcoin would really be giving out that good profit in upcoming years or future
in compared into those traditional investments then it would really be just that depending on you.It would really be that basing on what you do prefer nor targets.

This concept works as a marketing which aims boosting Bitcoin price by decreasing the supply of coins for sale, so the increasing demand will push Bitcoin upside constantly. However, on practice it doesn't make much sense, because you can't use your Bitcoin at all as currency, because there aren't many shops and services accepting it as payment method nowadays.

Therefore, you need to exchange your BTC into fiat first in order to use your money. For that reason, I think it's a bad idea to just hold BTC, as I consider important to use the money to benefit you, otherwise you are the one who is serving money and not the opposite.

@OP the title is foolish IMO.  Holding is good but eventually, we need to sell in order to realize our profit.  Holding and not selling are two different things.  Investors hold not to keep Bitcoin for eternity but they are not selling until they have reached the goal price.

You won't get profit if you don't sell your holdings @OP.  And it is foolish to miss out on a good profit when you know it is happening.

A very subjective thing but majority will tell you that it will be a foolish idea. I have sold in the past and that tends out to be a mistake that I am still extracting right now and contemplating whether it will be a great idea to do it for this cycle. Because if someone is a long term holders and he don't intend to sell on this cycle, then it will be foolish for him to sell it while looking forward in the future with a target price that's quite high for the floor and ceiling price for what this bull run will reach.

While for someone who has got plans already on how she/he will spend the holdings that they have. It's not a foolish idea because we're all aiming for some specific profits and we've got needs to cater from the profits we're about to make from our holdings. You do you, as they say. And we've got our own preferences whether it will be acceptable to just hold for long term and let that ATH pass on you without doing anything or you do the opposite and even the ATH hasn't been reached and you're very much satisfied by the time that you've sold your holdings. This is in general regardless of what you hold, for sure that each of us have his/her own targets that we're all going to do it no matter what people say to you, either you're short or long on investing.

It's not too stupid when we make long-term investment ideas because holding is an option until ATH arrives and people expect this.
If the short-term investment pattern and involvement in trading may be true that not selling when you have made maximum profit is a mistake.
Holding has no limits as long as you want to hold until ATH but we have to think about how to collect.

Sometimes limited by capital so choosing to hold alone will not make assets more because it takes time to wait for a significant increase period to buy back at the profits obtained previously.

It all depends on the plan we implement at the beginning of starting the investment, whether it is for the long term or the short term, but what is certain is that selling Bitcoin is not a stupid act, I even think we should also sell the Bitcoin that we save when our stomachs are empty.

And for how to save or add Bitcoin assets, we have our own way and I am sure that everyone who invests in Bitcoin already has a plan for the future and has also studied many things in advance.
And especially for Bitcoin, I am sure we have the same belief that there will be the highest price in the future that we will see again, so for other things I think there is nothing to be afraid of.

Actually, it is a smart idea if you are an investor or someone who likes to store Bitcoin for a long time with a very large amount. But if your soul is a trader, I think it will be difficult for you to implement such an idea, especially if you are someone who is easily tempted by small profits that come only in a moment. So I think whether an idea is smart or stupid depends only on each person who responds to it more rationally so that their own judgment will always be different.

The word Never SELL seems like investing money into Bitcoin just for fun with no intentions of making profits. I disagree with that statement as well, rightly because we all seek for profits that's the perfect reason we chose Bitcoin, whereas we can't get those profits then what more. It is far much different to say Do Not Sell your Bitcoin Too Early, it's a lot reasonable because investors are now on the run to take quick profits which doesn't maximize their chances of making more.

Bitcoin is a currency.  And this currency is a good source of investment.  Whether you are small investor or big investor?  The point of investing is to get profit from it in a certain period of time.  There is no fixed period for it may be two years, three years, or five years.  However after a while the only objective is to get some profit from it.  It's not entirely clear to me what you mean by "never".  If we invest somewhere according to our ability we will sell by looking at its ATH only then our desired goal will be achieved.  But for a short period of time, our profit is less, but after a long time, we are sure to get the profit from here. Bitcoin started at $0.10 and its ATH reached $73,737.94.  So if one has another source of income then I would say hold on to it for a long time.

It is more precisely “sell your Bitcoin at the right time” because if someone buys Bitcoin usually the goal is to get profit, and when they want to achieve maximum profit then they need to sell their Bitcoin according to the goals they have previously set, for example like 4-5 years in the future. Because how can they get the profit they want if they never sell their Bitcoin? that's why they need to sell at the right time to get the profit as they expected before.

It may be foolish although. Because every investment needs profit it is true that Bitcoin is rising everyday but there can still be a factor that would hinder the holding, for example, in my country the currency exchange to dollar is not stable sometimes it increases and sometimes it falls. So for the one trying to sell Bitcoin your major focus is to sell it at the right time and this process may benefit those who have lots of Bitcoin in their possession because you can sell today and tomorrow it rises or even sell it today and tomorrow it falls but you will not be that affected because you can still keep others to you own satisfied time. In the market of exchange nothing is permanent things can change within the blink of an eye.

I once received a cash in my account in dollars I Neva wanted to take it because the dollar exchange in my country was not stable but a friend advised me to take it and at last I took it later the next day the price went down and till today it has not risen to the price it was then.

So every investor in Bitcoin must also watch the status of the market and sell it at right time don't be ignorant to sell Bitcoin when the appropriate time comes.

I don't know the size you set for holding a certain amount of Bitcoin, especially the category of small Bitcoin holders. It could be $1 $10 or even more, when you become a long-term investor, the calculation of profit depends on the amount you hold. Estimates will determine everything and when the purchase price was made. 10 years ago or just done today when bitcoin was in the $66K area. All will have significant differences between those who bought 10 years ago, 5 years ago or 1 year ago depending on the point of purchase.

I think the OP has a reason to ask this question because as far as I remember correctly, I have seen some people also claim that they will hold bitcoins forever and will not sell them under any circumstances. In fact, there are many people who are so crazy about bitcoin that they even consider it a religion to worship rather than just seeing it as a means to make our lives more stable. And honestly, the fact that we don't sell any bitcoin is actually the dumbest idea when it comes to investing. There are many things in this life that are much more important than bitcoin, Bitcoin is just money and it only serves us, not us serving it.

There are different ways in which 'never selling Bitcoin' can be understood. If it's never selling in a figurative sense (meaning that at some point you do sell, when the price is right), that's fine. If it's 'never selling' but not 'never using' (meaning, you don't sell, but you can spend it directly to obtain something great), it makes sense. But if it's literally just keeping BTC indefinitely, without ever using it, that's not benefiting anyone. Such BTC is sort of dead for the system (because it's de facto not a part of circulating supply), and it's just numbers on a screen to an owner who never uses it to gain something.

People have different use with their coins, some of them have a short-term goal like having a quick flip with the market price movement so they keep earning profit during the market volatility others would not care how much the price and as long as they accumulate coins with their DCA and holding for a long term goal they still get their profit they don't need to get bother with the market price movement at all. I do the same thing I have separate asset for a long term holding and wait for the next ATH, also I have bitcoin for active trades for its different pairs.

Considering bitcoin as a cult, I have seen such references previously, but these are just exaggerations and not reality. In fact being obsessed over something is a bad, whatever it might be. Selling is a part of the market and those who need the money should sell.

The point of having that notion previously was to allow people give time to bitcoin and observe how it goes over the years. Newbies would often buy at the high prices and sell before it broke even. That is why such statements were previously made.

I agree, if they want to make some profit then they will have to sell, while it could be 40 years down the line or tomorrow, it doesn't matter. We need to just think about how things aren't really looking for anything that would be all that smart for the time being, it would still be smart to hold it for as long as possible.

This is why I think it's important to just focus on what to do and how to improve our investments. This is why I think it's quite clear that we are going to end up facing something much worse, and that won't be all that easy to handle, we need to end up with something that will be considered not so great at all times. We should be considering how things could change, and because of that we are going to be seeing something more.

We need to keep it for this time, wait for the bull to happen, and then we can sell when it peaks, that would actually be the ideal situation and I am sure that we are going to end up with a great return on that one without a doubt. Of course it won't be a simple situation, but it will be what we have and that is more than enough, won't really require anything else, we just need to consider that as the way forward when you look at the market.

Basically it all depends on yourself in selling bitcoin because everyone has their own investment goals, each investor's target must also be different. So stupid ideas or smart ideas all depend on your choice, because in my opinion the goal of bitcoin investment for everyone is to seek profit not to hold bitcoin for life.

Moreover, bitcoin has a cycle that we can use as a reference to make decisions when to buy and sell. If you sell before ATH it might be a stupid act, but if you sell it when bitcoin ATH is reached it is a smart choice. This is the importance of every investor to be able to manage this risk management so as not to make the wrong decision. The point is when can you sell bitcoin intelligently? when you feel that the profit you get has exceeded expectations then selling is a wise choice, then you can buy it back when the price is down.

Maybe it is necessary to make a percentage of this and that related to selling bitcoin because of the empty stomach problem.
When someone is seen in an investment, the steps that are considered are how the investment can generate maximum profit and of course people will see the potential in the long term as the chosen step.
But if you have to sell bitcoin for daily needs, then people should have the amount of bitcoin that is traded, the goal is so that it does not affect the assets we have and does not sell every time you need money.

Because of the potential reasons in bitcoin that make us have confidence in the long term and that's why we have to have steps to collect.
Any strategy is good as long as we can continue to collect responsibly and hold it until it gets the next ATH momentum.

Yes I think so too, they just want to say how valuable bitcoin is so they say the analogy, so they say that. But if we just hear it without digging deeper into what they mean, then we will conclude like that. In other words there is a meaning behind what they say. You are right, in general, being overly obsessed with something will actually cause something bad. Because they will justify any means for whatever they want, and when they fail to get it they may be psychologically disturbed. In relation to bitcoin we also have to be able to control ourselves, for example about the target. If our target has been achieved, then it would be better to take it. Don't let our obsession make us forget about the risks that come. One of our goals in investing in bitcoin is to make a profit and we have to keep that in mind.

You made a very good point, individuals selling their Bitcoin is a personal decision, as you said, every investor has a reason for investing in whatever they chose to invest in and I think without satisfying their curiosity withdrawing or selling some fraction or the whole asset as the case may be won't be an option for them.
It is only an investor without direction that make quick decision about selling their Bitcoin whenever there is drop in price, what makes us good investor is the plan we had before involving ourselves in any investment.
If am to respond to the question of the op, I will say that never sell your Bitcoin isn't a smart advice because no matter how long we decide to hold in the future, we must surely sell one day even though we keep it as inheritance for our children as you said our children may decide to sell it when they finally gain control over the asset, Bitcoin is a profitable investment and the purpose for any investment is to make money, individiduals decide to sell some amount in the future when the investment has matured and reinvest some since the future benefit is assured.

Some persons sell their bitcoin because of their problems at hand, and some people sell their bitcoin because of panic, so therefore every one have a reason why their sell bitcoins, so what I want you to believe and understand in anything that has to do with bitcoin is that, bitcoin has it own ways of operation

So if you notice that best thing to do is to sell your Bitcoin it will profit you, its better you sell off your bitcoin.

The idea is definitely foolish as people often use Bitcoin's past performance to judge its future performance which is against the ethics of trading and investment. I am glad that the reality has dawned on people already as they are highly disappointed with the way Bitcoin is performing, however, this is the beginning of the disappointment because we can't compare Bitcoin of now with when it was still super-cheap and with low market capitalization. Also, most of those who are interested in buying Bitcoin have already purchased it, even as many are liquidating at times due to FUD, just as we experienced in August. We should often expect rollercoaster rides for the coin which is a very good reason for us to avoid a too rigid belief that we should always keep our coins.

As I often advise people, it's better we are friends with our trading charts and the latest economic events as they unfold so that they will be the best guide for us to know the time we will buy Bitcoin and also the time we will liquidate it. If I had been doing that with all my Bitcoins since I started amassing them, I would have gained more than what I have in my current portfolio. If you have a large sum of Bitcoin, this approach of mine is equally good for you, but of course, those who have started buying it when it was still at $500 or lower will be more confident than you who just purchased it at $65,000. So why won't they give such an advice? But unfortunately, they are confusing people.

Well, if 4 years ago you were able to start saving Bitcoin, you can be sure that somehow the other amount of Bitcoin will sell now somehow because the profit is big. But you will always wait for the bull run right now because the earnings we will get from our holdings are really bigger.

It's also possible to start saving, because it's possible that in the coming bear market, the one that will be the most all-time low will probably fetch 60,000–70,000 dollars from what I can see or visualize.

4 to 5 years were so long and you even said that they already saw a lot of profits, so why will they only sell-off a bit when it sounds better if they can sell more? They need to compensate their hardwork or patience. Each of us might has their own uniqueness but I think all are the same on why they HODL and sell and that is they HODL because they either won't need a money yet or their investments haven't matured yet, while they sell because their investments have already matured or even if not but it's just that they badly needed the funds. They are also selling because they are afraid of what can come next.

It's hard to have a good source of income but maybe we can just say that we should not put all of our eggs in one basket or invest all of our money, but we must have an adequate funds too offline, for us to have something to use.

Actually it depends on the level of your bitcoin holding and how long you have Able to accumulate. If your a long term holder with a plan of about 5 to 10 years and Maybe you are still in your 4th year, you may find it hard to sell it off totally because you haven't met your target yet. But that doesn't mean a holder can not sell a little. Yes you can shave your profit if worse case should happen. But not advisable for beginners who had bearly started  accumulating bitcoin about 6months or 1 year to sell off.

No, such approach not only benefits the benefit the huge amount Bitcoin holders but to the whole community. If you really want to see some asset's value to grow then you need holders of that asset and we now see Bitcoin's value at its current rates only because of the holders.

If everyone makes their mind like yours and start selling Bitcoin and other assets that they hold then not only Bitcoin will lose its value but all those other assets will also continue to lose their value. Even stocks are gaining value because of the holders and investors. That's the power of holding.

I know that when you make good profits then it's better to sell with profits but holding is the most important thing to make such profits because without holding and investments you can't really make profits.

Yeah, the purpose of investing in Bitcoin is usually to make a profit, and even if we don't sell it now, we definitely will in the future. On this same kind of topic, which has been discussed before now, I remember the comments of two old members on this forum. One said that the only reason he will feel tempted to sell is if Bitcoin gets to $500k, and the second member said that even if he sold his Bitcoin as of then, he don't have any need for the money at that moment. Those two comments don't suggest that they don't have interest in selling their bitcoin, but just that the time has not yet come.