Never sell your Bitcoin?

[DPrillio]

BTC and GOLD can indeed be used as assets in the long term, saving BTC and gold is very profitable for the future, even both of them can be used as inheritance for our descendants in the future.

Saving gold is indeed profitable in the future.  But if we kept bitcoin 10 years ago it would be 100 times more profitable than gold.  So is it better to save bitcoin or gold?  of course Bitcoin is much more profitable.

I agree, bitcoin is much more important than gold in terms of profit with respect to time. With bitcoin we can be more profitable at a short period of time only even of that long term holding. If we have invested bitcoin last april 2021 at its value is at 5k usd and a few months span its value is now 30k usd.I can see  how much profit i have this month.

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[KeikoKitagawa18]

BTC and GOLD can indeed be used as assets in the long term, saving BTC and gold is very profitable for the future, even both of them can be used as inheritance for our descendants in the future.

Saving gold is indeed profitable in the future.  But if we kept bitcoin 10 years ago it would be 100 times more profitable than gold.  So is it better to save bitcoin or gold?  of course Bitcoin is much more profitable.

I agree, bitcoin is much more important than gold in terms of profit with respect to time. With bitcoin we can be more profitable at a short period of time only even of that long term holding. If we have invested bitcoin last april 2021 at its value is at 5k usd and a few months span its value is now 30k usd.I can see  how much profit i have this month.

No one knows the future hold, i'm one of the fan of bitcoin to. But in reality it's very hard to do it, if your compared BTC and Gold no wonder if bitcoin gain more profit than gold because bitcoin it's too risky. Big risk Big gain.

[randegibran]

why do we sell.the bitcoins.that we invest.if the price.is not at all in.accordance with the profits.we expect, then.in this case.we better hold it.for a while.that we.can't determine.moreover this business.is a long-term.business and very useful for the storage process.in the long term, because this business.whose value fluctuates.is very good for us.to invest.in the long term

[bitzizzix]

All have their own control rights with bitcoin holdings to sell it or not and if they really need it and other reasons just rely on bitcoin and no choice, and but if the price is very low and unprofitable it's better not to sell everything and only sell as necessary, and the rest were detained.

and i was in such situation once and there was no other choice i had to do it because i needed it very much, and i feel sorry that within few days the price went up and but most importantly my problem was solved and still some bitcoins because i didnt sell all
I think bitcoin can solve what problems we face in important situations or not without thinking about the market situation, especially financial problems and can be solved immediately.

[raisajahan]

Bitcoin is the top cryptocurrency in the world so it has a large strength to develop the crypto market. From the beginning the price of bitcoin is growing gradually. If i just remember last few years that in 2015 when the price of bitcoin was just 400 usd after that every year i noticed that the price of bitcoin is increasing in price. So i think it has a possibility to increase in price in near future. For that reason i think its not necessary to sell bitcoin if it is not in emergency case. 

[fileo]

That's true. Instead of selling much better to buy more while the price is not yet on 50$K or $60K. It would be more expensive if we wait Bitcoin to dump. In my opinion, We know Bitcoin is no much potential and very popular globally that even every government knows Bitcoin. Buy now and hold would be worth to hold and gain someday.

[Masplanc]

you should never sell your Bitcoin, you should hold it for a lifetime.

You are getting it wrong. Just imagine if everyone that has Bitcoin keep it till lifetime, no selling, what do you think will happen to the Bitcoin economy. As far as Bitcoin exist it must be sold out, exchange must take place . Where there is no exchange no market

[Mahanton]

you should never sell your Bitcoin, you should hold it for a lifetime.

You are getting it wrong. Just imagine if everyone that has Bitcoin keep it till lifetime, no selling, what do you think will happen to the Bitcoin economy. As far as Bitcoin exist it must be sold out, exchange must take place . Where there is no exchange no market

Wrong perception but its true that it do needs circulation but it wouldnt really be that issue if you do tend to observe the market as of this moment then there's enough circulation because value
wont really be this high if there would be no sufficient circulation which do involves active using it but we know that bitcoin do end up on being a coin which is been actively traded
and some of them been holding by most people. Never sell your bitcoin? This is actually a personal choice of action because we do have different targets
or goals in mind when it comes to investment.

[romero121]

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Everyone are living for their family. Human beings say that they're independent, it is not the truth. Human beings are dependent over someone in some way. This is the fact with financial needs too. You've got the responsibility to feed the family and you're doing it. So, on need selling bitcoin is not a wrong thing.

What I suggest is, try to save a very little portion for your future. There are wild speculation about the bitcoin price in the future. None is sure, but majority believe in it. Maybe the small savings could be a life changing.

[Shasha80]

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Everyone are living for their family. Human beings say that they're independent, it is not the truth. Human beings are dependent over someone in some way. This is the fact with financial needs too. You've got the responsibility to feed the family and you're doing it. So, on need selling bitcoin is not a wrong thing.

What I suggest is, try to save a very little portion for your future. There are wild speculation about the bitcoin price in the future. None is sure, but majority believe in it. Maybe the small savings could be a life changing.

Humans are social creatures, so they will definitely think about their family and will do anything for their family. So if our family has an urgent need
and we have Bitcoin, I believe most people will sell their Bitcoins for the sake of their families. It was indeed the right thing to do, we do have to
prioritize the interests of our families over Bitcoin investments. That's why I say rich people will find it easier to hold Bitcoin, because they do have
stable finances. As for the poor, there will always be an urgent need, which requires them to sell the Bitcoins they have. Although our needs are many,
and our income is not large, here the importance of financial management. We do have to allocate a small part of our income to buy Bitcoin,
because Bitcoin is one way to make our future secure.

[yohananaomi]

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Obviously, there is no point in us storing bitcoins for life, we store bitcoins with the aim of making a profit from storing them for a certain period of time. the difference between purchases and sales, then we get profits that we will use for what we really need.
we hold bitcoins only to find the difference from the purchase and make a profit, not for a lifetime, which is obviously impossible to keep for a lifetime and is useless.

[casperBGD]

main point here is that you do not have to sell, you can borrow against it, and there is a number of services that provide this, such as AAVE, Compound or other on other platforms, so you do not have to sell your BTC, you can wrap it and take a loan, with BTC as a collateral
this should be a development way, so that people can use crypto funds in a same way that they are using other assets to borrow money against it
of course, market is still young and early, but there are signs that we are maturing a bit, and that is good, will that influence BTC price in the end, who knows?

[nicecrypto]

you should never sell your Bitcoin, you should hold it for a lifetime.

You are getting it wrong. Just imagine if everyone that has Bitcoin keep it till lifetime, no selling, what do you think will happen to the Bitcoin economy. As far as Bitcoin exist it must be sold out, exchange must take place . Where there is no exchange no market

I agree with you on this. I don't get it why you can not sell your Bitcoin ever. Like most things, Bitcoin is an investment that you made and you are expected to take profits from your investment and as you mentioned, if all were to HODL their Investment in Bitcoin forever, where will the market be? only buyers no sellers and there will be no market after a while of Bitcoin starvation  I truly believe some of us are getting the whole bitcoin investment wrong.

[Kayum10029]

Since the lack of people, the need, the demand does not come according to the rules, I cannot guarantee that I will keep all my bitcoins for the rest of my life.But I will not sell my bitcoin until there is a serious need.

[roosbit]

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).

If I have decoded your message correctly, the only reason you are not selling your bitcoin is fear of being taxed but what happens if your country does not have crypto tax systems in place?
Going with the never sell your bitcoin, when do you ever get your profits from holding, honestly doing this is like trading without stop loss??

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.

This is looking more like a greedy trader that never knows when to take profits or break even when things swing against you. If not selling then convert some into a stable coin.

[conected]

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Obviously, there is no point in us storing bitcoins for life, we store bitcoins with the aim of making a profit from storing them for a certain period of time. the difference between purchases and sales, then we get profits that we will use for what we really need.
we hold bitcoins only to find the difference from the purchase and make a profit, not for a lifetime, which is obviously impossible to keep for a lifetime and is useless.

- Yes, bitcoins can't even be touched by hand and can be displayed in cabinets and in homes, Bitcoin storage is also just a virtual image on a computer device and this whole museum has only one visitor which is ourselves, this style can only be for mutants who like to show off their extravagance, for those of us who are looking to make money every day, bitcoin is only useful when it goes up in price and we can sell then reset everything continuously. I just never sell when I'm at a loss

[shield132]

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 are a billionaire and never spend a cent from your wallet, then you won't be even a little different from the poor. So, if you are going to never sell your Bitcoins, then just don't buy them and let the regular users to use them.
And taxes, there are countries where you can receive the money and don't get taxed. In some countries, the money received from the foreign countries isn't taxed, doesn't matter whether it's bitcoin, other crypto or fiat. So, don't worry too much about tax.

And, finally, why to stick with bitcoin? Don't you think that there are other good alternatives or will be in the future?

[Kez1817]

If you don't sell your bitcoin for lifetime, then how you will benefit from using and investing on it? Why you need to earn through bitcoin if you don't want to spend even a single penny from the profit you earned? Not a good idea. I think, if you have bitcoin, you should hold it but you need to have a time frame if when you are going to sell it. Bitcoin > Investing  > Holding > Earning > Spending. But of course, don't spend all your bitcoins, still hold a small or half of it to make another profit in the future.

[osasshem]

Taking strong hold your your Bitcoin is an idea that can change a lifetime financial situation forever. For instance, the well know story of a man who used 10,000BTC to buy two Papa John's Pizza, which is being celebrated today and which will remain to be celebrated in the entire crypto history as Bitcoin Pizza Day on every 22 May. Then, it has no significant worth in the market and to the entire world. With this story, holding will always have to be a good step of action that should be respectfully taken, cause I always yields a clear profit when the bull run kicks off.
If there is a real life job one does, then the pressure of immediate withdrawal for pressing needs won't be taken on Bitcoin.

[blackened515]

it's not that we always want to look for a little profit in business maybe for me that is because I don't want to sell bitcoin if the price is below my expectations because if the price is still very cheap I want to keep it instead of selling the bitcoin, especially the crypto world is a long-term investment long so we can have a long time to release bitcoin or keep it

Every good investor won't sell his/her Bitcoin if the price is still low. We all invest to make profit, and making profits from cryptocurrencies requires time and patience. Bitcoin will definitely hit a high price. The price is at $41k, not too late to get into the market. I prefer selling my bitcoin only when I have made some pretty profit.