Never sell your Bitcoin?

[randegibran]

maybe at this time we can allocate more into the short term for now, because we prefer to survive and not sell bitcoin for a long period of time, maybe we are currently being served with lower conditions and maybe we are more inclined to defend what's the current situation?

[1714612505]

1714612505

[batako]

Why we have to hold it lifetime then if we cant use bitcoin as payment method? I rather hold for some period of time till I get profits then convert it into fiat to fulfill the needs or buying something I dream of. Btw, if for example, every bitcoin holders will hold their bitcoin lifetime, what will happen to its market? There will be no activity, which is bad for bitcoin itself.

[TelolettOm]

Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime.

I am so sorry, I won't follow him. I am a realistic person, what for keeping Bitcoin forever? When I buy Bitcoin, I should have a plan to sell it someday. Just to let you know, I keep my Bitcoin for 5 years for the longest time to hold. There is no plan to hold more than 5 years till now. I have learned many things from various topics and discussions since I joined this forum. I can conclude that Bitcoin is a long-term asset, but not an eternal asset.

[Rabi3]

Why we have to hold it lifetime then if we cant use bitcoin as payment method? I rather hold for some period of time till I get profits then convert it into fiat to fulfill the needs or buying something I dream of. Btw, if for example, every bitcoin holders will hold their bitcoin lifetime, what will happen to its market? There will be no activity, which is bad for bitcoin itself.

there would still be some activity of people buying more or first time buying, but to say that you have to keep holding without saying anything about selling at one point then it doesn't make any sense, every one has to sell at some point of their lives because of financial stuff or something else, i agree though if they said to keep holding an amount of bitcoin that you don't need, maybe one day things can get crazy who knows.

[rosenbauer02]

Yes, this is the idea of having bitcoin. Owning it and keeping it until such time you will going to need it. However, bitcoin should not be keep forever. Just like other things that has value like gold and property in the end it will be exchange to fiat currency and that fiat will be also exchange to other things that we need or want.

[Btcvilla]

it.is still an.option for investors.in choosing.to go or stay to sell.bitcoin, but for me it.is very impossible to.sell bitcoin at a low price for something that.is not a.necessity, for example at this time, moreover.this is.a long-term business.for a company.satisfactory results for our future at some point.in the future, so for now I would.prefer to stay rather.than let.go at a price that is.not in.accordance with my wishes

[sherenikaw]

Btc has a good price in the market and the price will continue to rise over time. Personally I will hold it for long term investment and will sell it when the price is on what I want. I believe the price of btc will continue to rise but if you don't sell the btc you have while the price is good I think that's a bad idea. Of course we want profit in investing. Many people wait a long time to wait for the price of btc to go up and we can't let that chance. If the price is good we can sell btc, after all our capital will also continue to rotate in the crypto world. So it won't be bad.

[NFTGate]

No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.

[Vishnu.Reang]

No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.

A lot of politicians are now proposing to tax unrealized capital gains. The first one was perhaps Ron Wyden (Democrat Senator from the state of Oregon). And I am afraid that at some point in the future, it will be implemented. Governments are moving towards more populist policies, by increasing the number of freebies and handouts. In order to do that, they need to dramatically increase the tax revenue. Since the income tax levels are already sky high, the only remaining options are increases in corporate tax and capital gains tax.

[amihada]

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.

all investors do as you said they will sell the coin at the right time meaning when the price of the coin goes up then they sell the coin, if there is a negative problem the price of the coin will go down and they take advantage of the opportunity to collect coins for them to hold in the long term but not all coins they buy, they buy potential coins like eth and bnb coins.

[Tumanggor]

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 income from other places that can support your daily life then you should never sell your Bitcoin
Bitcoin is more convenient as a long-term investment, not when the price rises or falls a little, you sell immediately

Michael Saylor is a successful businessman so he doesn't need to sell his bitcoins to support his living expenses. but what about you, is your income like him?
I'm not saying you have to sell your Bitcoin but also look at your condition if you don't need it then you should never sell your Bitcoin

[blackened515]

Btc has a good price in the market and the price will continue to rise over time. Personally I will hold it for long term investment and will sell it when the price is on what I want. I believe the price of btc will continue to rise but if you don't sell the btc you have while the price is good I think that's a bad idea. Of course we want profit in investing. Many people wait a long time to wait for the price of btc to go up and we can't let that chance. If the price is good we can sell btc, after all our capital will also continue to rotate in the crypto world. So it won't be bad.

I also believe the price of Bitcoin will surely rise and hit a high price. And selling then with be nice, and one will probably make a good profit. All is required is patience. We don't have to panic about the present price of Bitcoin, but to hold up to our Bitcoin and wait while the price rises. Although, it might take some time. Bitcoin price is currently at $31k, and a nice time to invest.

[Marvelman]

If you feel it's a good time to sell, sell now, and if you feel it's not, hold onto it and continue to enjoying knowing that the value of your portfolio will be worth more in the future than it is today.
Bitcoin was created to serve a purpose. Just like the dollar, the Euro, and other national currencies, bitcoin was intended to serve as a medium of exchange and a store of value. And it has succeeded in being both.

[SaShiRaJaVu]

No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.

What do you mean by taxation policies for holding the coins, even now anyone who is making a substantial profit are paying their taxes for the profit earned through cryptocurrency but you are not paying for the coins you are holding and i only pay a tax when i convert my profit to fiat currency and a smart taxation policies will be along those lines rather than asking for anyone holding the coins to file the tax even without converting them to fiat.

[Ziskinberg]

No doubt that countries will regulate the crypto in the coming years. You might see taxation policies even for the unrealized profits so it doesn't matter that if someone is actively doing transactions or just holding the crypto. The rules and laws are uncertain at this moment but things are going in positive direction for crypto industry.

What do you mean by taxation policies for holding the coins, even now anyone who is making a substantial profit are paying their taxes for the profit earned through cryptocurrency but you are not paying for the coins you are holding and i only pay a tax when i convert my profit to fiat currency and a smart taxation policies will be along those lines rather than asking for anyone holding the coins to file the tax even without converting them to fiat.

I think the law differs from country to country, but the standard is, you don't pay taxes on what you don't earn, you'll only pay taxes if you convert your bitcoin to fiat and you make a profit from that conversion, holding bitcoin will have you bitcoin and taxes are computed in fiat, not in bitcoin.

[Ryker1]

Btc has a good price in the market and the price will continue to rise over time. Personally I will hold it for long term investment and will sell it when the price is on what I want. I believe the price of btc will continue to rise but if you don't sell the btc you have while the price is good I think that's a bad idea. Of course we want profit in investing. Many people wait a long time to wait for the price of btc to go up and we can't let that chance. If the price is good we can sell btc, after all our capital will also continue to rotate in the crypto world. So it won't be bad.

I also believe the price of Bitcoin will surely rise and hit a high price. And selling then with be nice, and one will probably make a good profit. All is required is patience. We don't have to panic about the present price of Bitcoin, but to hold up to our Bitcoin and wait while the price rises. Although, it might take some time. Bitcoin price is currently at $31k, and a nice time to invest.

Well, this is an anticipated moment, and most of us waiting for the bitcoin that there is another all-time high. People will still believe that there is a great resistance soon and it could be bitcoin will come at that stage. However, the problem is there is no time frame and bitcoin did not promise to us that we will have a quick-rich because from the start this means that bitcoin is a form of payment or alternate with the fiat currency. If you will believe it is good to save the value on bitcoin is to hold for a long time and that is your decision.

[BaeSuzy]

Believe me, i try. But in the reality it's very hard to hold coins especially when the price up more than 3 times. I've been holding crypto since 2017, when the market crash in 2018 i loss a lot at that time. Stupid me i panic and still lack of knowledge about crypto so i decided to sell half my investment in 2018, but i still very gratefull because i not sell all of my investment at that time.

[Mr.sprin]

I have an eth coin in my wallet in 2017 I didn't sell it because it was cheap after three months I forgot the coin I had because I was busy with office work so yesterday I checked my asset wallet it increased many times I'm very grateful.

[kakonlin]

You can sell your bitcoin for take profit.  But don't sell bitcoin for cut loss.  Sometimes if the price of bitcoin has gone up high we want to sell it for a profit.  So sell bitcoin according to your target and don't sell everything.

[rodel caling]

Well for me..you can sell it in time that you think is beat to sell.if you think you gain already and you really need to sell why not..I believe also that you can keep it also until you get a higher price for bitcoin. 3 yrs ago bitcoin only in our country line for hundred thousand only but now already reach in a million for one bitcoin.this is really amazing.so keeping bitcoin wont you losse because keeping bitcoin is really a big investment for real.and if it has a taxes accept it because it is a part of the law implenting in your country.as long as you know you earned why not selling bitcoin.but still you are the one who decide of this.