Never sell your Bitcoin?

[DarkDays]

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.

Yeah, if possible accumulate rather than sell BTC. Even wealthy people like Elon Musk, are looking at BTC as a vehicle to increase their wealth by accumulating for the future expectation that BTC price will surge to new highs.

So, definitely, use the market now to buy BTC and if possible get a long-term view on it.

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[KaliLinux]

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

I believe that, that is the whole basis for whether people sell or not. It depends on someone's condition at a particular moment and how pressed you are for funds and whether you have other means of getting these funds or not. As you mentioned, "Michael Saylor is a successful businessman so he doesn't need to sell his bitcoins to support his living expenses" what happens if you don't have other means for funds for your expenses? Investors wouldn't want to naturally sell their Bitcoin except for those that still believe that we can accumulate more by selling during an ATH and buy back when the market drops which I support too but other than this, if I have other means to fund my expenses, HODLing becomes neccessary.
 

[macson]

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.

you have a steady income from an offline business or job then follow M Saylor's advice to hodl BTC as long as possible

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.

lending platforms that are appearing a lot at the moment are very attractive to BTC holders, I put my BTC in the Celsius wallet and lent my BTC there ^{(DYOR you have to be prepared with all the worst possibilities on the Lend platform)}

[bitterguy28]

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.

Wrong every cryptocurrencies can be sold when cutting losses if we find something that we can make profit in altcoins. sometimes deciding to sell out to make more money is ok as long as you will return back to bitcoin for Holding.
We are in practical investing now and not just the OLD school HODLING.

[Btcvilla]

Of course all investors who are in a business will look for a little profit for themselves, the same thing as what is happening at this time, if the selling price is too cheap then I better save and not sell it in the near future, I prefer choose to wait by reselling at a high price, maybe I will do that in the future

[CryptoStar19]

During 'altseasons', that is after bitcoin has had a major rally and money begins to flow into altcoins causing them to rally, it might be wise to sell some bitcoin for altcoins to take advantage of the higher gains... ultimately to increase your bitcoin holdings further than simply holding the bitcoin. Yes, there are tax considerations in countries where they apply, but the gains might well justify the tax hit.

[clint25n]

it's.not that we don't want to release bitcoin on the.stock market but more likely.to wait for a higher price so that we can.get a little profit according.to what we want so far, because every businessman wants.to always look for an advantage for what business.he's in, so they prefer to keep it for a long time rather.than sell.it at a cheaper.price, maybe for me that's.because I'm.also looking for a little profit

[Handpari]

I had my first bitcoin opportunity in 2014, I blew it up... Second opportunity was in 2018 February when btc was $2800 from a forecast that btc will hit 50k I never took the advantage, but now I want it deep like deep because yesterday forecast targets BTC hitting $300K. I will keep buying...

[blockman]

I had my first bitcoin opportunity in 2014, I blew it up... Second opportunity was in 2018 February when btc was $2800 from a forecast that btc will hit 50k I never took the advantage

So how many have you bought when you started buying? that's the mistake that many early comers did. Although there were the wise ones that even they've sold early, they did what they have to do to get those sold bitcoins back. While those not so late people, they've also taken their part to buy as early as they can and at the price that they see as a cheap price.

but now I want it deep like deep because yesterday forecast targets BTC hitting $300K. I will keep buying...

Well, that's really one of the biggest price that we've been seeing with those predictions. But still take precaution that it's still a prediction that it may or may not come soonest. Note, I'm not a bear guy but I'm also looking forward to that price but we'll never know when it comes.

[Wawa2013]

Of course all investors who are in a business will look for a little profit for themselves, the same thing as what is happening at this time, if the selling price is too cheap then I better save and not sell it in the near future, I prefer choose to wait by reselling at a high price, maybe I will do that in the future

Most of our goal of investing in Bitcoin is to make a profit, so we will not sell Bitcoin at a cheap price. Because the price of Bitcoin is currently
experiencing a decline in price, it is better to hold Bitcoin than sell it. Especially if we look at the history of Bitcoin's movement which has always
managed to recover after a price decline, be a motivation not to sell Bitcoin at a cheap price.

[Wakate]

Well it will be painful if you sell your Bitcoin and suddenly it price goes up above the resistance point. Bitcoin is not met to be hold forever. An investor need to sell his own portion of Bitcoin if the market looks uncertain or if one choose to sell it. You don't expect to keep holding my Bitcoin if I need money to help my other investment which can generate money for me.

[blackened515]

Well it will be painful if you sell your Bitcoin and suddenly it price goes up above the resistance point. Bitcoin is not met to be hold forever. An investor need to sell his own portion of Bitcoin if the market looks uncertain or if one choose to sell it. You don't expect to keep holding my Bitcoin if I need money to help my other investment which can generate money for me.

It is only wise to sell when you have made profit from your investment. I agree with you that one can't hold his/her Bitcoin for forever. The price is currently at $33,206, and have been between $30k to $35k for some time now, what if you sell your Bitcoin, and the Bullrun starts. You will definitely feel bad. But it nice, if you sell when you have gotten some profit on your investment. Although, Bitcoin  will soon hit a high price.

[amihada]

Necessity knows no bounds because I  am from a poor family and I support my family with cryptocurrencies income . So we always need some dollars but if I don't sell .y Bitcoin, how can I support My family members.

family is number one. To meet the needs of the family having to sell assets is a very natural thing and I salute you who are fighting for your family if I were in your position I would definitely do the same as you.

[ropyu1978]

Necessity knows no bounds because I  am from a poor family and I support my family with cryptocurrencies income . So we always need some dollars but if I don't sell .y Bitcoin, how can I support My family members.

it's true as you said comrade, we are poor people definitely need fiat currency for our daily needs, if we have other savings in the form of fiat currency, of course we will use fiat currency for our daily needs, but if we have no other choice we are forced to sell our bitcoins, to meet our daily needs..

[anjas017]

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[hahay]

Bitcoin is about freedom and if everyone who owns bitcoin is not allowed to sell their assets, then where is the freedom. Selling or not depends on their own needs and goals, because one day the needs of those who hold bitcoin will definitely have a change from the financial side. So even though our goal is to hold it for the long term, and only by selling bitcoins will our finances be helped, then why should we refrain from selling it. It's a personal asset so all choice goes back to those who own the bitcoin, so if you don't want to sell it for your intended purpose that's fine because it's your own asset and you're free with what you own.

[MoneyJ]

Bitcoin now is being considered as a good asset for storing value over time. So common sense would be never sell regardless to what the market is going on. Just a gold , btc is durable and can last.

[tiCeR]

Bitcoin is about freedom and if everyone who owns bitcoin is not allowed to sell their assets, then where is the freedom. Selling or not depends on their own needs and goals, because one day the needs of those who hold bitcoin will definitely have a change from the financial side. So even though our goal is to hold it for the long term, and only by selling bitcoins will our finances be helped, then why should we refrain from selling it. It's a personal asset so all choice goes back to those who own the bitcoin, so if you don't want to sell it for your intended purpose that's fine because it's your own asset and you're free with what you own.

Furthermore, when you talk about selling Bitcoin, people oddly think it is all about selling Bitcoin for fiat. The whole selling or holding debate doesn't make sense because what are you going to do if you want to buy a house and the current owner accepts Bitcoin? Same thing, you are going to use your Bitcoin, actually selling them so to say to someone who gives his house to your for it. Bitcoin isn't there to be held forever, it is there to one day be used for some type of asset exchange, reducing your BTC balance while increasing another asset category.

[amihada]

Bitcoin now is being considered as a good asset for storing value over time. So common sense would be never sell regardless to what the market is going on. Just a gold , btc is durable and can last.

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.

[kakonlin]

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.