please delete

[SapphireSpire]

nothing to see

[1714750524]

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[1714750524]

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[ecnalubma]

We only have to apply common sense when we are investing but sometimes people are forced to sell at low prices because of different circumstances or unexpected situations. The lesson is never put all your money on investment and allocate only what you can afford to lose.

[BIT-BENDER]

Rule 2. Never sell it to anyone who might sell it for less than what they paid for it.

How do you know the intention of the person you want to sell it to this rule doesn't even work, and anybody can sell there bitcoin which is there property for any amount that suits them
If there is anything that drops the price of bitcoin it wouldn't be when a little fractions of people sells bitcoin less than what the bought it

[figmentofmyass]

Rule 1. Never sell it for less than what you paid for it.

Rule 2. Never sell it to anyone who might sell it for less than what they paid for it.

the "bitcoin club" sounds like some sort of ponzi scheme.

people shouldn't feel forced to be bagholders. if bitcoin is in a firm downtrend, it makes sense to sell some---if only to accumulate more for cheaper. i love me some cheap coins!

Bitcoin is always sold first by the miner at a price that he determines to be necessary for him to earn an acceptable profit. The next owner needs to do the same, and so on for the price to rise.

that's just one possible way for price to rise. more generally, we just need more buyers than sellers. let the weak hands sell now. strong hands are buying up the supply at these levels.

[jostorres]

Rule 2. Never sell it to anyone who might sell it for less than what they paid for it.

How can I be sure about my buyer? Moreover I am just selling into exchange for my local fiat and exchange may do what ever they prefer as it is their bitcoins and I have no rights to follow that. I mean your rule no:2 does not make any sense as it is not a "practical" one.

If bitcoin club is for bring up the bitcoin's value high then the prime motto of this club should be spreading awareness on adopting bitcoins. When more people are adopting bitcoins then there will be no chances for selling less than bought value. You may "use" bitcoins instead of selling it.

more generally, we just need more buyers than sellers.

I want that to be achieved at least through a ponzi way .  We may have less sellers when bitcoin enters main stream adoption zone still sellers may remain as "users" but bitcoin prices will keep increasing due to limited supply and halving features.

[dimonstration]

We only have to apply common sense when we are investing but sometimes people are forced to sell at low prices because of different circumstances or unexpected situations. The lesson is never put all your money on investment and allocate only what you can afford to lose.

We need to stop loss sometimes and there are some happenings in our personal life that we need to sell at lower price. Those rules is applicable only to those who can wait longer and longer till the market become fine and only applicable in top alts like XRP, eth and BTC but in other alts it's not since we need to stop loss on some alts that might only continue to fall.

[Hippocrypto]

We only have to apply common sense when we are investing but sometimes people are forced to sell at low prices because of different circumstances or unexpected situations. The lesson is never put all your money on investment and allocate only what you can afford to lose.

We need to stop loss sometimes and there are some happenings in our personal life that we need to sell at lower price. Those rules is applicable only to those who can wait longer and longer till the market become fine and only applicable in top alts like XRP, eth and BTC but in other alts it's not since we need to stop loss on some alts that might only continue to fall.

Honestly I sold my btc at cheaper value those times I was in need for fiat money as source of emergency funds. Indeed, holding bitcoin for long terms will benefit you in so many ways if there was no problems like depreciated funds, which forced you to sell bitcoin as your last resort. Stop loss can be very effective, and rest assured your funds won't be wasted in a long run.

[The Sceptical Chymist]

How can I be sure about my buyer?

You can't.

OP obviously doesn't understand how markets work, and I'm not sure if he even knows how the real world works if he thinks a plan like this is consistent with reality.  I would suggest that he take a break from the internet and go for a nice, long walk outdoors and perhaps interact with some human beings for a while.

Honestly I sold my btc at cheaper value those times I was in need for fiat money as source of emergency funds.

Lots of people have done the exact same thing and will continue to do so, which is yet another reason why OP's proposal will never work.  It's almost laughable if he really thinks it's even possible, because it isn't.

[mk4]

Completely pointless and unnecessary. Oh, and did we forget that the point of bitcoin is that there are no rules?

Rule 1. Never sell it for less than what you paid for it.

Rule 2. Never sell it to anyone who might sell it for less than what they paid for it.

I would give you a pass but even your so called "rules" are nonsensical. It's a free market. That's the point.

[piebeyb]

Rule 1. Never sell it for less than what you paid for it.

most of the people I often see, a lot of people buy high prices and sell them at cheap prices, then these people continue to do the same thing and throw away their drained money because of panic and lust, one other thing miners will not sell under $ 10k in next year if the block reward has been reduced by half to 6.25 BTC because it could be detrimental to them

[hugeblack]

There have been times when miners have sold at lower prices. In the end, it is an investment project that may work and may fail. Nobody can guarantee profits.
The rule is "don't invest more than you can afford to lose."
You can modify it by adding the extreme side. "If you lose, make it a big loss by losing all your capital, so you can either sell at a higher price than the price you bought or lose all your money."
A smart trader knows how to make a profit if the price goes up or down.

[crwth]

Oh, what a reminiscing movie. If you are going to apply Fight Club to Bitcoin, then it's going to be like what you said. I would like to add more.

Rule 3: Support Bitcoin as long as you have to. Show dedication towards cryptocurrencies
Rule 4: If this is the first time you heard of Bitcoin Club, you have to buy Bitcoin!

I think these rules could be implemented if there's going to be A club. Lol.

[Lucius]

~snip~

Common logic tells us that there is no point in selling at a lower price than the one we bought, but sometimes we just have no choice, if we need the money at some point, then there is no entry and exit price, you sell because you have to. A possible problem is that a good portion of investors is quite inexperienced, they are quickly caught by panic and they do not think long-term.

The way OP thinks is not something that can be applied to the free market, especially the BTC market, which is very small compared to some other markets. Also, no one can influence the way miners hold or sell freshly mined coins, it's something under their control.

[YuginKadoya]

I think it is common sense to not sell your Bitcoin if the price is lower than the price you had bought it, but we can not require or obligate everyone to do the same thing we need to feel the freedom to do everything we like with our bag or hodl Bitcoin and it is one's responsibility if he or she will panic and sell it for smaller price or if that someone would surely be needing the money for emergencies and some needed stuff, A Bitcoin club is surely great to ensure the possibility that everyone will earn and not regret their investment with Bitcoin but setting rules to obligate someone would not feel like Bitcoin! because freedom is more important here in my opinion.

[aardvark15]

Rule number 2 is almost impossible to ensure because most of the time you won’t know who you are selling to. Generally I sell on an exchange or use it for a purchase. There is no way to know what the buyer is going to do with it.

[btc_angela]

Rule 1. Never sell it for less than what you paid for it.

Rule 2. Never sell it to anyone who might sell it for less than what they paid for it.

Bitcoin is always sold first by the miner at a price that he determines to be necessary for him to earn an acceptable profit. The next owner needs to do the same, and so on for the price to rise. It's only when somebody decides to sell it for less than what he paid that the price drops.

Your argument could be true but the problem is that this is a free market. And it's hard to make this a universally rule because everyone is free to do everything with their bitcoin. And there is also the psychology and emotions involved. You can't just tell people specially newbies not to push the sell button, when they panic, they will do everything even illogically to get out of the ecosystem and sell their bitcoin less that what they paid for.

[sana54210]

I believe no one will prefer to sell lesser than their buying prices then why we do have down markets?

Out of FUD, anyone may take decisions to sell at available prices which must be the core reason why we are having impact-able sellers.

Technical analysis must be another reason like "bitcoin is trading at over-bought zone, go selling" or "it is failing to break the big physiological resistance for 3rd time, go short".

Miners and whales from early days of bitcoins are other probable cause of down markets. Miners need to cover their running cost, so they do not mind at selling at "whatever" prices. Whales are different entity in bitcoin ecosystem but the actual market's direction deciders. They must be in profits compared to their buying/obtained prices, they trigger the sell which causes the FUD and technical collapse.

A bitcoin club will help bitcoin prices to grow sustainable but when we fail to include whales into that club then it may not serve its actual purposes.