Never sell your Bitcoin?

[lepbagong]

Depends on where you live, certain places do not have capital gains tax which wouldn't eat into your profits.

I don't see the point of HODLing it. If everyone adopts that mindset, then Bitcoin simply wouldn't grow in the long term. How can you justify it as a currency if the value arises from its potential to supplement or otherwise replace the financial systems?

indeed every country can certainly have its own rules and each country will always be different, but as long as there are no restrictions it is something of luck.

not all have the same mindset, some like to do it by not wanting to take big risks, but some just like day trading etc. all the goals are the same, seeking profit.

From where I live, it's a paradise for cryptocurrencies because there's no taxes involved and we are free to do anything that we want to do with it and no raised eyebrows. The point of hodling is that you can sell it at some point and it will be on your favor when you sell it unlike actively trading where there's a chance that you will lose your investments.

You are very lucky that not everyone has the same luck as you, so you can easily do whatever you want to do without any obstacles.
again all that is done for you may justify the way you say it, but some are just not used to doing that and are used to other actions, and obviously that's perfectly fine. not all active trades will end with what you say, it all depends on the person who runs it and is used to doing

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[ranochigo]

From where I live, it's a paradise for cryptocurrencies because there's no taxes involved and we are free to do anything that we want to do with it and no raised eyebrows. The point of hodling is that you can sell it at some point and it will be on your favor when you sell it unlike actively trading where there's a chance that you will lose your investments.

Sure. If you are thinking of holding Bitcoin, you're thinking that it'll rise in the long term and you're able to sell it at the correct time. Depends on how good you're with market trends, holding could turn out worse than actively trading it. But the topic is about whether people should sell their Bitcoins or hold it for the long term, NOT trading it.

indeed every country can certainly have its own rules and each country will always be different, but as long as there are no restrictions it is something of luck.

not all have the same mindset, some like to do it by not wanting to take big risks, but some just like day trading etc. all the goals are the same, seeking profit.

It is not luck. I'm sure there are certain countries that are considered to be tax havens. Again, topic is about insisting to hold it for an extended period of time, instead of each user deciding on their own risk appetite and the profit they're willing to accept.

[ropyu1978]

Once I accept a long term investment I myself will never sell my BTC at today's price because I believe BTC will reach the next top at $100k there is no reason for me to have to sell my BTC now and i believe in the future of BTC 

It's true what you said, buddy, we shouldn't sell bitcoin right now, because we believe that the price of btc will eventually go up again, because we all know that the price of bitcoin is unstable. going up we can definitely make a lot of profit, so when bitcoin goes down we have to be patient never sell it.. rest assured after the rain a rainbow will come out

[Cling18]

That's true but lucky are those who live in countries where cryptocurrency isn't taxed. I'm actually one of those who are blessed because we're free to transact cryptocurrency without the fear of being taxed so we could still buy and sell Bitcoin in our profitable way. I also believe in holding but whenever there's an opportunity to gain a good profit, I would sell my holdings and buy again at a lower price.

[Henrobakkara]

Once I accept a long term investment I myself will never sell my BTC at today's price because I believe BTC will reach the next top at $100k there is no reason for me to have to sell my BTC now and i believe in the future of BTC 

It's true what you said, buddy, we shouldn't sell bitcoin right now, because we believe that the price of btc will eventually go up again, because we all know that the price of bitcoin is unstable. going up we can definitely make a lot of profit, so when bitcoin goes down we have to be patient never sell it.. rest assured after the rain a rainbow will come out

Yeah, that is the theoretical explanation and if that was the real case, we wouldn't be having all these market price dips that we are having any time someone supposedly influential speaks. Sometimes I do understands that Investors sell not because they are cutting losses but as a strategy of buying back when the price dips because we know it will as not everyone can HODL as expected but others cut loss due to fear which naturally shouldn't be the case if they have even bothered to understand how Bitcoin works.
So even when we know that the market will recover from price dips but we still end up seeing people selling when they shouldn't.

[bitzizzix]

Once I accept a long term investment I myself will never sell my BTC at today's price because I believe BTC will reach the next top at $100k there is no reason for me to have to sell my BTC now and i believe in the future of BTC 

It's true what you said, buddy, we shouldn't sell bitcoin right now, because we believe that the price of btc will eventually go up again, because we all know that the price of bitcoin is unstable. going up we can definitely make a lot of profit, so when bitcoin goes down we have to be patient never sell it.. rest assured after the rain a rainbow will come out

We all expect maximum and satisfying profits, but all of that requires a long process and time but the results will be satisfying.
so never sell it before the bitcoin price reaches a high price and take advantage of the decline to make a reversal when the price drops and affordable to grow your bitcoin and hold it even if it takes a long time
because having bitcoin for the long term the results will not disappoint the most important thing is to be patient waiting for the best moment, and to reach the price of 100k I'm still optimistic that it will happen this year and maybe at the end of the year.

[Rikafip]

I really don't think he was an Idiot. We cannot say that everyone that held Bitcoin from back then actually 100% thought or knew that Bitcoin is going to be where it is today.

Of course he wasn't an idiot, but I heard non-bitcoiners saying that more than once, out of ignorance of course. I am pretty sure that not even Satoshi expected that bitcoin will be as spread as it is now. What Bitcoin did in ~12 years is simply amazing, and yet again I hear people saying that not enough has been done so far.

[AicecreaME]

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.

In reality, there's really no one solution, fits all. Same applies in holding bitcoin. You don't have to listen and do other people's advice because everyone's situation, plans, and priorities are completely different. You have to follow a piece of advice just because someone who said it is a famous personality. We hold our coins for a reason. Some people are in for short-term, while some people are doing it for long-term.

We know the potential of bitcoin. The history has said it all. It's just really up to us whether to sell or to hodl. We have our needs in life. Maybe at some point we will have to withdraw some of our funds for emergency reasons. There are endless possibilities that could happen in the future because the future is never certain.

In addition, I just like to add that if I will hold my bitcoin for a lifetime, then I would not be able to savor the fruit of my labor and patience. I can invest and save, but I will also make sure that I can enjoy the things that I worked for. This is just my personal take. Anybody can do what suits them best. It's their holdings after all.

[Dhoe]

if you say never sell our bitcoins,,I totally agree with your argument, when the price is unstable, we have to be patient, don't let the whales instigate you, don't listen to the whales telling you to sell your bitcoins, because if we sell all our bitcoins to them, I'm sure they will laugh, because rest assured that after the rain there will be a rainbow..

[traderethereum]

if you say never sell our bitcoins,,I totally agree with your argument, when the price is unstable, we have to be patient, don't let the whales instigate you, don't listen to the whales telling you to sell your bitcoins, because if we sell all our bitcoins to them, I'm sure they will laugh, because rest assured that after the rain there will be a rainbow..

Only with patience can we hold our bitcoin and not panic if the price is moving without us knowing where the price wants to go.
Besides that, we need to hold on tight our bitcoin in this unstable market and still analyze before we do something so we do not make a mistake.
But if you really want to sell your bitcoin, make sure you sell when the price hits the highest price.
But that will be different if you need money to fills your daily needs. You can sell bitcoin to cover that need.

[gabbie2010]

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.

maybe what Mr.Michael Saylor said don't sell Bitcoin when the price is low, because if we hold it for life we ​​will not feel the long-term benefits of Hodling.  it's better to be able to take advantage of the moment to be able to make a profit than to hold it for life because it's the same as burning the bitcoins that we have

I don't subscribe to Mr.Michael Saylor opinion or suggestion that hodlers of bitcoin should hodl for life while utilizing the option of borrowing with good interest rate, every crypto enthusiasts has a personal purpose of adopting bitcoin, ranging from the wider options offer by adopting it, a crypto trader does not necessarily need to hodl for life other than trading it off at a regular interval to earn profits, other utilizes staking it to also earn some profits we also have some individuals adopting it as a store of value and finally other hodlers buy low and sell high all these are geared towards earning profits consistently and using the profits to add value to the hodlers life,

[cotton ball]

you can say this is a very interesting explanation, we have to save bitcoins for now, this is a time that really needs a lot of patience, so we can keep our bitcoins safe, whatever the temptation that comes, because we know there are definitely many whales out there who continue to do everything possible for us to release our bitcoin, we must believe that bitcoin will definitely rise again..

[geegaw]

you can say this is a very interesting explanation, we have to save bitcoins for now, this is a time that really needs a lot of patience, so we can keep our bitcoins safe, whatever the temptation that comes, because we know there are definitely many whales out there who continue to do everything possible for us to release our bitcoin, we must believe that bitcoin will definitely rise again..

I am thinking about the case where the price of bitcoin does not reach the expected points and recovers then our release becomes too late, one hundred percent for recovery is an ideal theoretical thing, the actual percentage range will also be relative but we can't give up on other possibilities even if the chance lies in such a high stat. It can be said that selling our bitcoin is a fairly free activity, no fixed patience is required, the amount in bitcoin will not have a real value until we convert it into common currencies

[kaggie]

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.

Leverage is itself a problem though. That can destablise bitcoin resulting in what bitcoin was against. Who controls the leverage? What happens when the leverage pops, because it always will.

People will always eventually sell. Inflation is unlimited, while deflation has a limit. When people have saved enough, then they spend on things that matter to them, whether that's a house, food, children, communities, their future. All deflation ends in reinvestment because everyone dies, and you can't take that fortune into what lies after.

[Viscore]

Firstly we should find out the reason why we are investing on bitcoin and why we will sell it. It's not a good idea to hold bitcoin for life time because price isn't stable. Yes day by day the price of Bitcoin is increasing but we can see bear market also. We can sell bitcoin at the time of best price of market by using our brain.

For sure we all know the reason why we keep on buying bitcoin because it's a very good investment that will give us good returns. But if we just hold it for the rest of our lives, we will never make profits. Yes the price of bitcoin keeps increasing but we will never enjoy its price and the profits we can make if we never start selling it.

It's good to hodl bitcoin because it has a bright future that will sure to flourish but keeping it always on our cold storage won't make us prosper too.

[verita1]

Fortunately, bitcoin can be used for various forms of investment either in the short, medium and long term because each person has a purpose for it.
IMO, bitcoin will have more everyday use very soon. As developers create more user-friendly apps.
Bitcoin is becoming more known in the world by changing the way we handle money.

We are all clear that owning bitcoin is better than keeping money in the bank, so selling it for fiat will make us see why it is better to hodl when we want to maintain capital. Obviously you can sell a percentage for your needs.

[Rengga Jati]

I am selling my Bitcoin and some for holding, but someday, I will also sell the Bitcoin to get profits, and then make an investment again based on certain periods.
Although it is for daytrade, short-term investment, or even long-term investment, finally, I will sell the Bitcoin.
So far, there are no taxes in my country on selling BTC. There are only fees for every transaction on the exchange. And having Bitcoin in my country is legal as we use it not as a currency.
And of course, everyone mya have different plans with their Bitcoins

[Rajamuda]

Basically other than we hold or invest in bitcoin.. we of course have to learn price movements/market developments from time to time with various other things that can affect prices, but of course bitcoin must have increasing popularity, definitely making bitcoin higher. Well that doesn't mean we never sell, but in the long term, it's more suitable to sell until we get satisfactory results.

[Xinarae*]

Bitcoin is usually invested by people to get more profit when prices rise after long term investments traders sell their bitcoins. It is foolish to sell if the price goes down because if the price goes up then there will be a loss therefore, you have to study the market and learn well and then move on if you can analyze the strategy of the market properly, you will understand the difference in the price of the currencies and you will know the right time to sell.

[Mpamaegbu]

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.

Saylor may be famous and rich but he's absolutely wrong on this. How does he think Bitcoin will have its value if everybody decides to hodl and never sells? There's a reason new projects airdrop their tokens to fans and that's to kick up the mechanism for demand and supply. Both must work together to set value and price — either upward or downward. If people hodl Bitcoin it can only create demand without supply. So, it will be one-sided. No value will be achieved with that, price wise. Fans could easily move on to other assets/cryptos when that happens. Now, there are various coins that can do what Bitcoin does, or even better. At some point, hodlers will always sell. It's wrong to advise people not to sell at all.