It is ok to sell your Bitcoin.

[nullama]

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

Bitcoin is money in the end, and you can of course use money to buy goods and services.

The key is to spend less than what you make, therefore always saving money.

Saving in Bitcoin gives you a better long term return than any other fiat currency.

Instead of having to invest in something, you can simply save money for the long term.

[jokers10]

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

Well okay, but if you hodl your bitcoins forever what impact does it have on you, on bitcoin, on economy in general? If money don't flow they are dead. If you want bitcoin to become stronger and be wider spread it should be used in different purposes all the time, the more often the better. It both gives sense to bitcoin and makes it more attractive to potential users.

[Picaflor]

Well okay, but if you hodl your bitcoins forever what impact does it have on you, on bitcoin, on economy in general? If money don't flow they are dead. If you want bitcoin to become stronger and be wider spread it should be used in different purposes all the time, the more often the better. It both gives sense to bitcoin and makes it more attractive to potential users.

Selling and spending are not the same.

What I mean by selling is when you buy BTC as an investment, to sell at a higher price. Nothing wrong with that, but selling for fiat means you're part of the system. You're using their fiat money, on their terms, their rules, with their permission.

When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

[jokers10]

...
When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

Yes, you are right, it is an optimal way of spending and if we had an option to do so in everyday life I'd prefer to use bitcoin and may be some other cryptos mostly every time I buy smth. But main problem that at the moment I can spend bitcoins directly rather rare... so there is usually a choice between not spending at all or exchanging to fiat and spending. As bitcoin is still money you just spend it when you need as you can at the moment, right?

[cozytrade]

...
When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

Yes, you are right, it is an optimal way of spending and if we had an option to do so in everyday life I'd prefer to use bitcoin and may be some other cryptos mostly every time I buy smth. But main problem that at the moment I can spend bitcoins directly rather rare... so there is usually a choice between not spending at all or exchanging to fiat and spending. As bitcoin is still money you just spend it when you need as you can at the moment, right?

I think Bitcoin is very necessary for us now.  Because the price of bitcoin is increasing a lot. We will see that those who can hold bitcoin will make a lot of money from this bitcoin after a few days. In that case, what we have to do is to try to hold bitcoin. And if we spend bitcoin now, then for us.  I think it is a great loss.

[laurenB7742]

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

If you sell bitcoin when you need money for an emergency or to take a profit, there is nothing bad here. Bitcoin is just money, and the purpose of investing in bitcoin is to serve our lives, it serves us, we do not serve it, and we will become its slaves if we hold it forever and do not use it. Bitcoin is not something that is too difficult to buy, if you have a lot of money, you can buy it whenever you want.

I've sold my bitcoins many times before and then bought them back when I got the money, I don't feel bad. On the contrary, I feel satisfied selling bitcoin, it really helps my life.

[reagansimms]

So my question is:
Do people hodl just because others are HODLing?

No, every trader/investor has different targets, they survive not because other people hold. They have a goal of maintaining their assets through the ups and downs. When the price reaches the initial target, they will release it according to the concept of buying low and selling high.

Why so people hold rather than sell and buy again when low

They have considered all their decisions wisely, some of them have also predicted price movements from time to time.
It takes patience to control your emotions when you see big profits, when in this position I will usually sell some of the assets I have and hold some of them.

What is your major reason for HODLing and how do your survive the bear market?

Actually the method is very simple. After putting some assets into the wallet, leave your assets there without doing anything for a long time. Then you can check the portfolio again when the time is right to sell it, believe me patience very often ends with a smile.

[indah rezqi]

Actually the method is very simple. After putting some assets into the wallet, leave your assets there without doing anything for a long time. Then you can check the portfolio again when the time is right to sell it, believe me patience very often ends with a smile.

Simply put, ignore market volatility and store those bitcoins in recommended wallets.
It is hoped that holders will not be affected by market fluctuations for various reasons, and it would be better if they consider investing and accumulating as much as they can afford.

If you feel that there is a possibility that the price will decrease, then DCA is worth considering. But whatever it is, if this investment projection is for the long term then they should ignore price volatility.

[Chatgpt-fancommunity]

YOLO, man! HODL that Bitcoin! Why spend it now when you can be a Bitcoin millionaire tomorrow? Or the day after tomorrow? Or maybe next week? The crypto gods will smile upon us, my friend! To the moon! 🚀

[GigaBit]

...
When spending, you're circumventing fiat. You're participating in a circular, Bitcoin economy. KYC-free and without taxation if you so choose. That's a big difference.

Yes, you are right, it is an optimal way of spending and if we had an option to do so in everyday life I'd prefer to use bitcoin and may be some other cryptos mostly every time I buy smth. But main problem that at the moment I can spend bitcoins directly rather rare... so there is usually a choice between not spending at all or exchanging to fiat and spending. As bitcoin is still money you just spend it when you need as you can at the moment, right?

I think Bitcoin is very necessary for us now.  Because the price of bitcoin is increasing a lot. We will see that those who can hold bitcoin will make a lot of money from this bitcoin after a few days. In that case, what we have to do is to try to hold bitcoin. And if we spend bitcoin now, then for us.  I think it is a great loss.

Bitcoin should not be valued based on its only the price. It is very important to acquire enough knowledge about Bitcoin. Especially when a Bitcoin holder is able to fully understand how it is benefiting people in real life and its contribution and potential in the long term, he will not want to give up Bitcoin easily. Moreover, after acquiring this knowledge, a Bitcoin holder can easily gain sufficient knowledge about his actions. However, those who sell their bitcoins after knowing the truth of bitcoin that they may be under financial pressure that forced to sell their bitcoins. Those who have a bad financial situation but are able to manage it in some other way will definitely be able to fulfill their dreams from Bitcoin.

[riantolie]

YOLO, man! HODL that Bitcoin! Why spend it now when you can be a Bitcoin millionaire tomorrow? Or the day after tomorrow? Or maybe next week? The crypto gods will smile upon us, my friend! To the moon! 🚀

Well, that's true. But I think every person can, or at least should make his own decisions about finances. We may never know why exactly did he or didn't do something, it's not for us to judge.

[Picaflor]

~ Why do people hodl rather than sell and buy again when low

Any BTC price is low. 15k was low, 69k was low; 1m which we haven't seen yet, is low too. And so is 100m.

Those who bought BTC when it was $1 and have held it until now, have probably done much better than anyone trying to time the market.
There are, however, not many such people. Those who bought at $1 sold it at $10, those who bought at $10 sold at $100. Then maybe bought again out of FOMO when it hit $500 and lost by selling on a dip to $50. A nerve-racking game. Meanwhile, those who have held have made a 20000x. It's much easier and less stressful to stop watching the charts and keep holding until you stop DCAing in (a.k.a. retirement), because the ultimate value of BTC is infinity.

[Bitcoin_people]

So my question is:
~ Do people hodl just because others are HODLing?

I think most people feel most interested in investing in Bitcoin.  And Bitcoin investors more or less want to hold for the future.  And people believe that Bitcoin has the potential to reach a higher level in the future. That is why people are interested in holding.

~ Why do people hodl rather than sell and buy again when low

The Bitcoin market is seen to fluctuate a lot most of the time.  Ups and downs are the religion of the crypto market. When the bitcoin market is bearish people buy more bitcoins instead of selling them. And there are some investors who buy when the price of Bitcoin falls and then sell when the market rises.  But most investors buy bitcoins and hold them for the future rather than selling them. They believe that Bitcoin will grow a lot in the future and reach a good point.

~ What is your major reason for HODLing and how do your survive the bear market?

The current market condition is much worse than before. and surviving this bear market is very difficult for some investors. But those who are interested in holding have no headache to survive in the market. Investors think that the Bitcoin market will recover their losses sooner or later. and they invest for a long time and have a lot of patience. And the bitcoin market will grow like a bull run later in time, it is the opinion of various investors, so it is better to hold patiently.

[pawel7777]

Do you realize that in order to reach $1 million market cap should be around 21 000 000 000 000? I can't say that's not possible, but that's a pretty big goal and I'm not sure if we'll ever see that. When people say that BTC's value is infinite it sounds kinda crazy, like you're from a cult.

That's right. People like to toss around big numbers without giving it much thought. To put things into perspective:

The total global value of gold in existence (including gold-backed ETFs but excluding underground reserves: $11.5 trillion
The total value of global tangible currency (banknotes and coins): $8 trillion
Total assets of world's top 4 largest central banks (Fed, ECB, PBoC, BoJ): $28 trillion

Data from 2022. Source: visualcapitalist.com

[Oilacris]

~ Why do people hodl rather than sell and buy again when low

Any BTC price is low. 15k was low, 69k was low; 1m which we haven't seen yet, is low too. And so is 100m.

Those who bought BTC when it was $1 and have held it until now, have probably done much better than anyone trying to time the market.
There are, however, not many such people. Those who bought at $1 sold it at $10, those who bought at $10 sold at $100. Then maybe bought again out of FOMO when it hit $500 and lost by selling on a dip to $50. A nerve-racking game. Meanwhile, those who have held have made a 20000x. It's much easier and less stressful to stop watching the charts and keep holding until you stop DCAing in (a.k.a. retirement), because the ultimate value of BTC is infinity.

Do you realize that in order to reach $1 million market cap should be around 21 000 000 000 000? I can't say that's not possible, but that's a pretty big goal and I'm not sure if we'll ever see that. When people say that BTC's value is infinite it sounds kinda crazy, like you're from a cult.

Being optimistic isnt really that bad but of course it should really be backed up with some realistic approach.Even myself would really say up that 1m/coin isnt really just something that could happen even in our dreams considering on how much recognition and adoption we do really need up before it could reach up huge numbers.Considering on what would be the cap then it is something
that not possible.I cant blame out those people who do make out those kind of hopes or expectations but they should lower their standard and expectations so that they wont get
end up on waiting up like forever.

Set out realistic limits so that you wont really be making yourself look like a fool on waiting something that cant happen.

[nullama]

~snip~
Do you realize that in order to reach $1 million market cap should be around 21 000 000 000 000? I can't say that's not possible, but that's a pretty big goal and I'm not sure if we'll ever see that. When people say that BTC's value is infinite it sounds kinda crazy, like you're from a cult.

To put more things into perspective:

The current market cap of Bitcoin is about US$467 Billion.

In 2021, US$650 Billion were printed out of thin air in the form of new SDR:

"IMF Governors Approve a Historic US$650 Billion SDR Allocation of Special Drawing Rights"

[panganib999]

Selling is bad, because when you sell BTC, you have less BTC and your ability to fuck the state diminishes.
It makes you more of a slave, it makes you weak and powerless.

Ahh, how I envy the naive.

But seriously though, whatever you think of bitcoin, especially those that make you think it's the coin of the revolution, or anything under that regard, forget about it.

Bitcoin is great because it's decentralized and encrypted, and that's good because as you have said, "it fucks the state". However, bitcoin also thrives in the same boat as capitalism, so in totality, without capitalism, or at least without an ideology that supports the production of something, and then completely owning it and thriving from it, we wouldn't have the stocks, and in adjacent bitcoin.

Besides, bitcoin in its best state is good as a store of value, if you want it to be used as a currency I'm sorry but the ship has sailed.

Footnote: "the ability to fuck the state" is the least of your worries when you find out that your money's being drained by the highs and lows of the market and you're risking starvation. Not everyone is as privileged as you are to think of "fucking the state" when they first bought bitcoin. If you can't wrap your head around the fact that bitcoin is as capitalistic as anything basically is, at least have some compassion for the people who thought of bitcoin as a way to earn extra money.

[LowRezStudios]

It's ok for one to sell some of their bitcoin.

It's weird if they sell all of it tbh.

Hodlnaughty ya know?

[nullama]

~snip~
Besides, bitcoin in its best state is good as a store of value, if you want it to be used as a currency I'm sorry but the ship has sailed.

What do you mean by that?

It's used everyday as currency in El Salvador, Central Africa Republic, Lugano(Switzerland), Prospera(Honduras), and others.

It's also used everyday as a currency through lightning everywhere in the world in different ways (stacker.news for example)

And more payment processors that help businesses accept Bitcoin are appearing, like OpenNode, and many others.

And most importantly, you can buy socks with it: https://www.mtsocks.com

[jokers10]

I think Bitcoin is very necessary for us now.  Because the price of bitcoin is increasing a lot. We will see that those who can hold bitcoin will make a lot of money from this bitcoin after a few days. In that case, what we have to do is to try to hold bitcoin. And if we spend bitcoin now, then for us.  I think it is a great loss.

It is not mandatory that bitcoin will grow in rates a lot in the future. We know that it is a deflationary asset but that is not about volatility we see at the moment. So no guarantee it will become more and more expensive significantly. And if it is an only benefit you see in bitcoin one day you can be disappointed when it will not go to the previous ATH for years and years. I see lots of benefits besides that and that's why I prefer spend any fiat first. If it will grow up it is good, but I'm not relying on that only.