Never sell your Bitcoin?

[TheGreatPython]

Well, the thing here is, I really do not care how others would deal with their Bitcoins. If they HODL it then go ahead, let them be. I will not interfere nor tell them not to do it. Let them sell it, let them hold it, let them give it away to their girlfriends. You should not be forcing your opinions to the others if that is what they want and if that is what they need to do with their Bitcoins, after all of the factors that they can consider, it gave them that decision to do so on their coins then by all means.

No one is forcing their decisions and you are right different people have different cases and some might be making more money by mere trading while others may be having the best profits by just holding it. I have seen traders making a good amount of money by short-selling bitcoins when the price is bubbled up and is expected to go down. Then there are some who don't want to get involved in all this because they are not good at reading charts and they just hold and save for the long term.

So long as the narrative around bitcoin is a digital store of value, HODLing super long term would the preferred strategy.

We cannot expect everyone to have capital big enough to avoid selling their coins. A lot of people are making a living by selling bitcoins so yeah overall the value lies in holding but sometimes we do need to sell them.

[jitjitmew1]

i trust and keep telling myself that i will never sell...but i'm always afraid if it really hits the 1M mark like people say it will
i fear it will be stronger than me when that time comes.if it ever happen of course

[nurilham]

I won't follow Michael Saylor's suggestion totally because I never plan to invest all of my money forever. There should be time to take profits, we already determined it before we bought the Bitcoin. That's why we should have a target in our investment, for example planning a certain rate to sell Bitcoin in the future. Or planning a specific time to sell the Bitcoin (example: holding 1 year or two years). This is needed to accumulate how successful our investment in Bitcoin.

[Quidat]

I won't follow Michael Saylor's suggestion totally because I never plan to invest all of my money forever. There should be time to take profits, we already determined it before we bought the Bitcoin. That's why we should have a target in our investment, for example planning a certain rate to sell Bitcoin in the future. Or planning a specific time to sell the Bitcoin (example: holding 1 year or two years). This is needed to accumulate how successful our investment in Bitcoin.

When it comes to investment decisions then everything would really be depending on us and its true that we should really have that selling point but there are people who do tend to hold no matter what.
If we dont need money then its up to ours on holding for several years or even as long Bitcoin do lived.Even myself is longing to sell after 1 year from the day i do accumulate because i cant just
afford to hold like forever because i do still need money out of my investment so its up to someones preference because we do have different targets.
Im just really amazed on those hodlers which even up to now they havent sold out even a single coin.

[pixie85]

Im just really amazed on those hodlers which even up to now they havent sold out even a single coin.

That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes.

What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren.

[Distinctin]

Im just really amazed on those hodlers which even up to now they havent sold out even a single coin.

That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes.

What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren.

It is not just because we have a mindset of becoming a millionaire and we have to hold for a long time. There are a lot of factors why many aren't able to hold, like if you only have limited resources and don't have strong financial capabilities.
We can't it in our mind to hold for 5 years, 10 years, or even more but the problem is we are lack of execution, and most of the time our fears got triggered to sell our holdings.

[arwin100]

Im just really amazed on those hodlers which even up to now they havent sold out even a single coin.

That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes.

What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren.

It is not just because we have a mindset of becoming a millionaire and we have to hold for a long time. There are a lot of factors why many aren't able to hold, like if you only have limited resources and don't have strong financial capabilities.
We can't it in our mind to hold for 5 years, 10 years, or even more but the problem is we are lack of execution, and most of the time our fears got triggered to sell our holdings.

I avoid to hold if I can't afford to lose since I can't really afford to hold for more longer years or even 4 years timespan and its so stressful since I don't have big capital to cover up that what supposed to called lose if we buy at the peak so we really need to prefer for something good since we need to think for betterment. But if you are rich then maybe holding is good for that  but for low baller guys then day trading is  the best for start since if they can learn then there profits can be save for long term hold or for rolling it.

[andriarto]

Im just really amazed on those hodlers which even up to now they havent sold out even a single coin.

That's because you've never had the mindset of a millionaire. I don't blame you because it's hard to put yourself in someone else's shoes.

What Michael is talking about is holding an asset that grows in value as long as you can because it's going to give you more every year and if you die it's going to give this value to your children or grandchildren.

It is not just because we have a mindset of becoming a millionaire and we have to hold for a long time. There are a lot of factors why many aren't able to hold, like if you only have limited resources and don't have strong financial capabilities.
We can't it in our mind to hold for 5 years, 10 years, or even more but the problem is we are lack of execution, and most of the time our fears got triggered to sell our holdings.

on the other hand we have to know the right time to sell it, and this is what no one knows in advance how long the bullrun will last again. therefore if we look at the price of bitcoin which used to fall in the range of $4K until now for 4 years, then what percentage of the profit will we get. and I think if we never sell it, then later it can also be inherited

[ropyu1978]

it all depends on individual needs..
if only to store bitcoin and not be sold it is necessary for people who have large capital or who have more than one asset other than bitcoin..
because I personally will definitely sell some if I have because I get bitcoins just following the bounty campaign..

we need to eat and drink, if we feel enough with the money we have for daily needs, we better save bitcoin, and only sell it after the price goes up again, because we know that bitcoin prices are not always low, don't believe other people's posts, but believe in yourself, if you feel confident then sell it,

[liao chandra]

I regret selling my bitcoin. If I could repeat the past. maybe now I'm Becoming a millionaire. Now I have learned to be patient and not sell my bitcoin because I believe the price of bitcoin will continue to rise.

[iTradeChips]

We don't have tax in Bitcoin and we are not rich country. Yeah, if I have Bitcoin. Definitely I won't sell my Bitcoin because this coin is so much impressive and dominant that couldn't be eliminate now and forever. Bitcoin is for long term holding not for short term. Buy and hold would be a good strategy to save more Bitcoin.

More and more people are seeing the importance of Bitcoin and are now into buying Bitcoin and not doing trading. We have all these talks with the crypto community in our place and almost all of them are saying the same thing and that is to buy and buy Bitcoin and not to sell it. If you trust the crypto currency then you should be able to invest all of your money and wait for the best payday after many years. I want to be sure that we can also pass this over to many people here. I seldom give my opinions but Bitcoin is a good cryptocurrency.

[ndalliard]

More and more people are seeing the importance of Bitcoin and are now into buying Bitcoin and not doing trading. We have all these talks with the crypto community in our place and almost all of them are saying the same thing and that is to buy and buy Bitcoin and not to sell it. If you trust the crypto currency then you should be able to invest all of your money and wait for the best payday after many years. I want to be sure that we can also pass this over to many people here. I seldom give my opinions but Bitcoin is a good cryptocurrency.

i stopped using words like cryptocurrency and crypto community, i think they are misleading

something else about this discussion: are we talking about selling fiat when we buy a house, food or a car? i mean technically it is selling, but i guess in this context selling is meant to exchange it for dirty fiat. and if this is the case my answer is pretty clear: i will never sell my BTC

[AakZaki]

~snip~
 Btc dormant address would increase so as to keep it normal we need to sell off at some point.

Yep, because the volatility will never stop. Prices go up prices down there will always be. So I think holding on forever is not right. I have analysis with my ruler, I have pegged some increase and some decrease when the target comes I have to do that strategy. Although not accurate but at least I have assets that continue to grow. Also with my technique I can feel more at ease with the total amount of assets I have in USDT because the movement is not like bitcoin.

[ndalliard]

~snip~
 Btc dormant address would increase so as to keep it normal we need to sell off at some point.

Yep, because the volatility will never stop. Prices go up prices down there will always be. So I think holding on forever is not right. I have analysis with my ruler, I have pegged some increase and some decrease when the target comes I have to do that strategy. Although not accurate but at least I have assets that continue to grow. Also with my technique I can feel more at ease with the total amount of assets I have in USDT because the movement is not like bitcoin.

i have a hart time understanding what you are saying here. is your argument, that because it is volatile, you will not hold forever and sell?

you could also see it this way: prices go up and prices go down (measured in bitcoin) - but bitcoin always keeps the same - 1BTC=1BTC

[randegibran]

maybe we also have to be a little smarter in starting this investment, we also have to be observant in seeing an opportunity that can benefit us, because in a business profit is really needed by a business person, but for me if the price is good then we we can sell it with a little bit we have returned the previous capital, and most importantly we must not be greedy in starting any business

[perfect999]

I just want to see what the general consensus is about selling Bitcoin. The well-known Bitcoin advocate, Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime. He believes that when you sell bitcoin, you will be taxed, but if you hold it, you can borrow bitcoin at a good interest rate (tax-free). Platforms such as Block Fi provide such services.

It all depends on the advantages one gets by holding the coins. If bitcoins can be used to take fiat loans, then I am sure anyone would be glad to hold bitcoins as an asset.

You hold bitcoins --> the values go higher with time

You sell --> you pay taxes + you are losing your portfolio

you hold --> you can take loans by putting those bitcoins as collateral + you manage to hold your bitcoins for a longer period which also means more value over time

The only problem with the above assumption is that there are not many platforms where you get loans by giving out bitcoins at reasonable rates.

[carrigan]

I don't live in a country where Bitcoin is legal for payment transaction.
But, I also don't spend it for last long life investment. I am a short holder and also day trade. SO, I think it will depend on our passion and also our goal of earning and having Bitcoin. So do the other cryptocurrencies.
I am psure enough that everybody has their own chance and strategy to earn money and utilize Bitcoin.

[tippytoes]

I don't live in a country where Bitcoin is legal for payment transaction.
But, I also don't spend it for last long life investment. I am a short holder and also day trade. SO, I think it will depend on our passion and also our goal of earning and having Bitcoin. So do the other cryptocurrencies.
I am psure enough that everybody has their own chance and strategy to earn money and utilize Bitcoin.

But you can convert your bitcoin to your local fiat? Anyway, a lot of countries are now opening to the acceptance of bitcoin or other alts in their payment method, so sooner or later your country may do the same. And more than likely the price of btc is quite valuable that you don't want it to use for payment purposes. Most long-time btc holders have the aim to get big profit by waiting to hit their target price. And based from the btc moving average chart, we are bound to see high price of btc in the coming years.

[SacriFries11]

It depends if you are a trader or a long term holder. If you have the knowledge in trading, you can buy in a lower price and sell in a higher price in a short term period. If you are a long term holder, take advantage of the bull market. With this you can take profit but you do not need to sell it all. You must take position or buy when the price go down during bear market.

[rima28]

If You can help it .your Bitcoin never sell it. otherwise actively use .some of them are for investment like mid term or short term or long term .unless you have no other choice don't ever sell it.