Never sell your Bitcoin?

[ndalliard]

One of the worst things to ever do as an investor is to just holding your assets/investments until you die.
Never selling?? Are you sure about that?? If somebody here will follow what he said then stop investing.

Many people don't sell their Bitcoin because they are always waiting for it to hit a higher price, so as to make big profit. For example, someone will buy as $33k, and will want to sell when Bitcoin hits $100k. I don't see any reason why someone will hold him/her Bitcoin for a lifetime.If one don't sell,  how do you intent to make profit?

I agree with you too but if you look at it, they are actually making profits but they are not taking profits which I don't believe is a good thing. And like you said, why do we really invest in all this money-making venture, Cryptocurrency in this case, and have accumulated this much profits and still don't want to take profits? don't make any sense to me. The whole essence of my investment in Bitcoin and other cryptos is to make profits even if not immediate but at least eventually and I would be able to use that profits to take care of my needs.

so funny you guys are interested in making a profit / taking profits... not realising that bitcoin is money and there is no need to take profits

[boyptc]

It's okay to decide to hold BTC for long term investment. But don't forget to set your own target.
"When you gonna sell? 3 years? 4 years? What if in that time frame you didn't reach your target?
 What you gonna do?
My own target for btc is reach $300k and my time frame is 2-3 years, so if within 3 years my target is still not achieved. Then I will sell all of my investment at any price.

With that range of years, I'm believing that the price of bitcoin would be still at greater price than it is with the latest ATH.

I have my set target and how much I'll be selling just to be sure but I also have a dedicated amount that's good for unknown time and can be said literally for long term.

[taufik0911]

With that range of years, I'm believing that the price of bitcoin would be still at greater price than it is with the latest ATH.

I have my set target and how much I'll be selling just to be sure but I also have a dedicated amount that's good for unknown time and can be said literally for long term.

you think with me because I believe bitcoin will reach a more lucrative ATH than in previous years
but now it's a matter of time, are we strong enough to wait for bitcoin to reach its peak
My belief is based on my own analysis of data on the development of current financial technology and bitcoin is a transaction tool that will be used in the future

[breathlessz]

With that range of years, I'm believing that the price of bitcoin would be still at greater price than it is with the latest ATH.

I have my set target and how much I'll be selling just to be sure but I also have a dedicated amount that's good for unknown time and can be said literally for long term.

you think with me because I believe bitcoin will reach a more lucrative ATH than in previous years
but now it's a matter of time, are we strong enough to wait for bitcoin to reach its peak
My belief is based on my own analysis of data on the development of current financial technology and bitcoin is a transaction tool that will be used in the future

no one knows when the bullrun will come back again, whether less than 4 years or even more than 4 years, it is patience that can save us from panic, unfortunately to be patient is not easy, we have to control our emotions when we see prices move. If only we were able to hold on to it until we died, maybe at that time we would get a tremendous profit

[bryant.coleman]

no one knows when the bullrun will come back again, whether less than 4 years or even more than 4 years, it is patience that can save us from panic, unfortunately to be patient is not easy, we have to control our emotions when we see prices move. If only we were able to hold on to it until we died, maybe at that time we would get a tremendous profit

It may happen before the next 4 years, or may take a bit longer. But eventually it has to happen. Because the userbase is going up at a steady rate and the acceptability is increasing. The exchange rates and the market cap needs to be in sync with these two parameters. In normal circumstances, the exchange rate can't remain stable, if the demand is constantly increasing. But these factors doesn't mean that you should never sell any of your coins. My opinion is that when you face a cash crunch, you can sell a small part of your holdings.

[Dread Pirate Roberts]

If people never sell it well that is their choice but i don't think that is good idea, i''ve using this methods in some altcoins and i missed many moments . if it feels appropriate to take profit then do it. dont be to active to market or people will become greedy but also dont become to passive on market.

[Hendra gunawan]

If people never sell it well that is their choice but i don't think that is good idea, i''ve using this methods in some altcoins and i missed many moments . if it feels appropriate to take profit then do it. dont be to active to market or people will become greedy but also dont become to passive on market.

sometimes after I sell the coins I have, it turns out that the price goes up even higher. Honestly at that time I also regretted having sold it. Finally I try to sell some of my coins if it reaches my target. So if the price goes up or down I don't have to be sad or sorry.

[chanler]

Personally I think it all depends on the circumstances. I mean if it is possible to sell at a high price why not. Of course, investors also want profit and it is impossible to hold btc for life. After all it will all revolve too because we can buy at a low price. It will continue like that. Therefore it is important for investors to be able to understand the crypto market where they must be able to determine the right time to sell or buy crypto. That's what will make them profit as expected. Experience and knowledge go hand in hand to understand the crypto market well.

[horrifiedx1]

If people never sell it well that is their choice but i don't think that is good idea, i''ve using this methods in some altcoins and i missed many moments . if it feels appropriate to take profit then do it. dont be to active to market or people will become greedy but also dont become to passive on market.

sometimes after I sell the coins I have, it turns out that the price goes up even higher. Honestly at that time I also regretted having sold it. Finally I try to sell some of my coins if it reaches my target. So if the price goes up or down I don't have to be sad or sorry.

if we get a big profit why don't we sell it, I think greed will actually bring disaster. when we are sure to sell, I think whatever will happen to the market we forget, so as not to get carried away. indeed there are also people who intend to hold it for the long term, even for their old age guarantee, but if it is not sold forever, I guess I don't understand this situation

[Btcvilla]

it's.not that we don't want to sell.the bitcoins.that we have today, but rather.the influence on a bitcoin price which.is still relatively.very low as before, so we still prefer to survive rather.than let.go, because we also don't want to take risks.in this problem, especially this is.a long-term business.that we can.determine by ourselves.if I were.a businessman then I would.defend it.more than I sell.it

[Sirait]

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.

What do you think of this problem? If I double my investment during the next bull market, then for liquidity purposes, I will most likely not sell a bit. I really like Bitcoin and its direction of development, so regardless of short-term price fluctuations, I plan to invest in the long-term.

if you have other income besides Bitcoin then it doesn't matter for you to hold Bitcoin in the long term, this is why all Bitcoin investors are required to invest with their savings or unused funds. Investing wisely is important so you don't make it difficult for yourself in the future.

[mrongoz22]

it's.not that we don't want to sell.the bitcoins.that we have today, but rather.the influence on a bitcoin price which.is still relatively.very low as before, so we still prefer to survive rather.than let.go, because we also don't want to take risks.in this problem, especially this is.a long-term business.that we can.determine by ourselves.if I were.a businessman then I would.defend it.more than I sell.it

me too, I will choose to always keep the bitcoins that I have, because we see the current price is very cheap, it must be a pity if we sell now, surely we will experience a very big loss, anyways if we sell now, for Buying back is very difficult, because we are middle class people, so I will keep my bitcoins, and I will sell them again after the price rises again, because this is a long term investment, I will patiently wait for the right time, to release the bitcoins that I have. .

[Furious 7]

If people never sell it well that is their choice but i don't think that is good idea, i''ve using this methods in some altcoins and i missed many moments . if it feels appropriate to take profit then do it. dont be to active to market or people will become greedy but also dont become to passive on market.

Don't know why people always want to be greedy when good moments don't do it even though before we have passed bitcoin and altcoins a lot with their best moments, did you sell the bullrun or ATH or expect higher than that?
No one knows the market price so we maximize profits as much as possible if there is a passive profit then I will take it no matter how much it increases as long as you don't get greedy when there is something good in front of you.
Actually it's just a choice of each.

[ReiMomo]

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.

What do you think of this problem? If I double my investment during the next bull market, then for liquidity purposes, I will most likely not sell a bit. I really like Bitcoin and its direction of development, so regardless of short-term price fluctuations, I plan to invest in the long-term.

Since the market is always volatile, I go for a minimal profit and place orders on trading instead of keep them for a long period or just keeping at one place.  There where I see a decent circulation of any currencies traded in the market.

Anyone here, does not just provide interest to you just keeping your coins with them. In order to provide you the interest they certainly circulate the coins and make profits and that profit is given in few percentage as interest to you. So the bitcoin is being in circulation. This circulation can be even done by you as you become experienced in market.

[blackened515]

If people never sell it well that is their choice but i don't think that is good idea, i''ve using this methods in some altcoins and i missed many moments . if it feels appropriate to take profit then do it. dont be to active to market or people will become greedy but also dont become to passive on market.

Don't know why people always want to be greedy when good moments don't do it even though before we have passed bitcoin and altcoins a lot with their best moments, did you sell the bullrun or ATH or expect higher than that?
No one knows the market price so we maximize profits as much as possible if there is a passive profit then I will take it no matter how much it increases as long as you don't get greedy when there is something good in front of you.
Actually it's just a choice of each.

As much as we all want to hold our Bitcoin and sell at a higher price. It also important to know the right moment to sell. Don't be a greedy investor, some people always miss the right time to sell their bitcoin, because they want the price to rise higher in order for them to make massive profit, but majority of them end up losing the opportunity to sell. Bitcoin is an unstable Coin, it rises and falls.

[adzino]

So you are suggesting not to sell bitcoin so that you don't get taxed? You want people to hold forever? What are they going to do with it if they don't sell it or use it? You do realize that in most country as soon as you buy anything or exchange your coins, you get taxed. So it doesn't matter if you use bitcoin or sell it. You will still get taxed. And I think people should stop with this toxic hold for life mentality. If you have to sell it, then sell it. No need to hold. You can afford to hold, then keep holding.

[Robinson66]

We will certainly sell the coins we hold, but at the right time, now cryptocurrencies can be used for daily payments,

If the price of Bitcoin falls, don't be affected by negative news to sell Bitcoin, and wait until the Bitcoin price rises when you think it is appropriate to sell.

[Kimonoe]

So you are suggesting not to sell bitcoin so that you don't get taxed? You want people to hold forever? What are they going to do with it if they don't sell it or use it? You do realize that in most country as soon as you buy anything or exchange your coins, you get taxed. So it doesn't matter if you use bitcoin or sell it. You will still get taxed. And I think people should stop with this toxic hold for life mentality. If you have to sell it, then sell it. No need to hold. You can afford to hold, then keep holding.

Taxes will not burden us if we are organized and according to the rules. especially from these taxes that can advance our country. why don't we sell bitcoins when we make big profits, don't we want to diversify our profits in other businesses, which will make our finances more stable. therefore we have to think more broadly, if we are useful for others, then the ease will come naturally to us

[clint25n]

is.it.not that we also will not sell.bitcoin at a cheap price, of course it.is also not a taboo.thing if.it is.done by investors.because everyone will always look for.profits from every investment he.makes, anyone will feel the same.way, we also really hope for the price stable.ones that have high value for us.to release to the stock.market

[19Nov16]

We will certainly sell the coins we hold, but at the right time, now cryptocurrencies can be used for daily payments,

If the price of Bitcoin falls, don't be affected by negative news to sell Bitcoin, and wait until the Bitcoin price rises when you think it is appropriate to sell.

I think it's impossible for anyone who doesn't sell bitcoin, when they buy at $100 and then bitcoin costs $10,000 then I'm sure they will sell. although bitcoin is most profitable if we hold it for the long term but it is difficult to hold when we have profited hundreds of percent.