Some people say they will never sell BTC. Is there any reason for that?

[serjent05]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that?

They can never sell what they don't own.  That may be the major reason why some people are saying that they will never sell BTC.  It makes sense since we can't sell what we don't have unless we are commissioned to do so.

Please bear in mind, especially to those people that has no intention to sell BTC that we cannot realize our profit if we don't sell or use BTC for purchases.  Somehow our BTC needed to be converted if we wanted to make a profit.

From what I understand by "never selling" it means not taking profits at the top to buy back at the bottom as many people advise here and outside the forum.

If a holder has the intention to sell their holdings, they should never use the term "I will never sell" as a whole sentence, it should be followed by conditions to avoid misunderstanding, just like what you are trying to explain.

The whole phrase of "never selling" for most investors is associated with their emotion as they don't mean it because a majority are selling and that's why we keep seeing Bitcoin taking a dip as if there was no selling pressure ongoing, Bitcoin should have been holdings strong and not getting dump.

I think it is more likely an exaggeration to show that they are among those who have diamond hands but even diamond hands have to sell one day.

[sokani]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  

Such comments are laughable, how is it possible that they are not going to sell their Bitcoin? At some point everyone is going to liquidate his Bitcoin, the only thing is that we can hold as long as we want for it to appreciate to our target price before offloading our bags. Even while hodling and patiently waiting for the appropriate time to sell, some persons may find themselves in a very tight corner, they may run into some kind of uncertainties like life threatening illness and they will have no other option than to cash on their Bitcoin investment.

[darkangel11]

Or it is just pure maximalism?

I like maximalism. It's much better than minimalism

They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you.

It seems you're thinking 100% inside the box.
I'd really like to see you ask that "someone" after hundreds of years of holding...

There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it.

What makes you think all of the current holders bought bitcoin?

If someone buys Bitcoin and their Bitcoin grows in price, they are not in profit until they sell and cash it out.
They are in profit, but it's unrealized gain. They must sell to gain the profit.

This is simply not true.
Unrealized profit means (as the phrase literally says) you are in profit, just not turned into taxable goods and services, but there is profit. I'm currently 1000% in profit on every single bitcoin obtained and this money is real. I don't have to buy a car for it to be true. As long as I have the money in my wallet it's there.

If you want to play with words, I could argue that if you have money in the bank it's unrealized gain, as the bank can hold it forever, deny any request for payment, the money can be seized by the government if you misbehave and if you divorce your wife it can be blocked by order of a judge until you come to an agreement.
The gain from holding bitcoin is unrealized in the same way your fiat money is, until you use it in a store to buy yourself a new TV or a comfy couch.

[Saint-loup]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

It's hard to reply without knowing who you are talking about precisely but maybe they just want their children or relatives to inherit Bitcoins from them after their death because they think Bitcoin could continue to rise in the next decades and it will make their children rich and happy because of their legacy. Or maybe they just say they will never sell Bitcoins because they think Bitcoin should be used as a currency to buy goods and services instead of an investment.

[Japinat]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  

I understand these kind of people as I was also like them when I was still a beginner in the market. But as you continue buying and hodling bitcoin, you will realize that bitcoin will be highly utilized if you take part in selling some of your coins. You will come to enjoy and offer some rewards for yourself if you sell a portion of your bitcoin when there are impressive profits you see in the market.

There's no sense if you chose to keep your bitcoin forever. Bitcoin is intended to sell or use as a payment system, not actually that you will keep it forever because even yourself you can't assure to yourself that you are still going to enjoy when that forever comes.

[Viscore]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  

That's a big lie. One will never decide to buy and hold bitcoin without the desire to sell and make decent profits. Although we all have different time goals when to execute selling, but at the end of the day, we decide to sell and not to hold the coins forever.  Probably, for some bitcoin hodlers they are certain not to sell, but when unpredicted events suddenly happen and turn their lives upside down, eventually they have no other option but to sell bitcoin because the proceeds are badly needed.

Forever bitcoin hodling does not even exist. And if there's any, no one will suicide hodling their bitcoin especially that forever is a lot uncertain and we cannot even guarantee if bitcoin by that time will still be highly profitable and productive.

[tvplus006]

...If there are reasons I would like to discuss them.   

I think that some participants decided to leave part of the Bitcoins as a legacy to their descendants. It is possible that others perceive Bitcoin as a work of art, from the possession of which a person gets satisfaction. But in the first and in the second case, such a holder must be financially self-sufficient, otherwise he will sell BTC at the first shortage of cash.

[Issa56]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

So why did they decide to buy the bitcoin when they know they are not planning to sell it? It’s normal when you tell me you are not planning to sell your bitcoin anytime soon because I do say that also, or when you tell me you are not going to sell all your bitcoin at once, but why will you say you will never sell your bitcoin? It sounds somehow to me, actually, I haven’t heard anyone say they will never sell their bitcoin, because the first question I will ask the person is what’s the purpose of their investment. When investing, everyone always has a target. Some people won’t sell if they haven’t met their target, but why will you say you will never sell your bitcoin?

[Myleschetty]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

I believe people choose not to sell their BTC because it's the forefront of technological innovation, the one true decentralized crypto, and the perfect alternative for fiat currency while it is also the solution for the unbanked and the liberation people seek. Besides, there's more to the future of BTC than just being used for payment and also investment if not an organization like BlackRock, etc won't have an interest in BTC. 

[Darker45]

This may be true if you are keeping intergenerational wealth, but if you are just saving like an ordinary man, albeit in Bitcoin, then you will certainly sell it or use it at some point.

When you read it especially on social media, don't believe it, or at least don't take it literally. They're simply saying that Bitcoin is worth keeping for a long time, or that the price will continue to rise (so why sell early?), or that time will come when Bitcoin becomes a mainstream currency (so hodl until that time comes), and so on. Or they simply want that the available supply remains low so that the price will rise. But, again, take it with a grain of salt. That is self-serving.

[dansus021]

They gonna sell their BTC when they think is enough and need the money haha. After all most of the Bitcoin hodler is for taking the profit. Maybe there is bitcoin enthusiasm that not gonna sell even bitcoin reach 100K because he might 100K is still lower and he didnt really need the money and gonna wait when bitcoin reach million

or the he just want to hold but I think this is rare case

[Luffygroove]

The only reason that pops into my head is they're gearing up to pass on their Bitcoin legacy to their kids or even grandkids. It's like they're super devoted, soaking up the Bitcoin hype as a cultural reset or game-changer in history. Plus, they're on a mission to show everyone their 100% trust in Bitcoin, hoping to influence folks to see it the same way and keep this crypto journey going strong. Now, if there's someone out there who actually pulls off the "I won't sell my Bitcoin" promise, major props to them! Holding back that temptation? It's no small feat.

[Hypnosis00]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

I hope they will see what will happen if they are holding Bitcoin forever because I don't think this will help the price of Bitcoin grow but instead, it make it dump. Maybe just holding for 10 years is quite reasonable but if we say, never sell that is a different story.
I think those people must understand how the market works - buy, hold, and sell, and these are the transactions we are supposed to see. If we think that not selling our Bitcoin will increase the price, then it is wrong as it only be the reason why people don't see any interest.

[terizla]

This is my reason why they will never sell BTC.

1. They don't really need the money from selling their BTC.
2. They waiting their target price of bitcoin to sell.
3. Maybe they buy BTC when the price is +$60k

[tabas]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC).

Do not take it literally when someone says that they will never sell. It's just a commitment that they're not going to sell anytime for now but for sure in the nearest future or when it is profitable based on their decision, they're going to sell.

Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

There's no calculation on it and yes, it's possible that it's just pure maximalism by that person you hear that say. I can even say that I'll never sell but it's just all words and I'll still sell when I'm need. So, that's why when you see someone say that again, don't be quick to judge that he'd literally do it. It's all about the waiting game and that never means it's going to be a long time.

[Shishir99]

They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you.

It seems you're thinking 100% inside the box.
I'd really like to see you ask that "someone" after hundreds of years of holding...

I am sure I won't live long that much and I won't be able to holder.

There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it.

What makes you think all of the current holders bought bitcoin?

Where did I say all of the current holders bought bitcoin? Surely there are some miners! and some other who have earned Bitcoin. There are a lot of people who did not bought a single satoshi, instead, they earned it somehow.

This is simply not true.
Unrealized profit means (as the phrase literally says) you are in profit, just not turned into taxable goods and services, but there is profit. I'm ...

True. The same applies to loss as well. If someone in lose, we tell him that your 1 Bitcoin is still 1 Bitcoin and you are not in loss until you sell it.

If you want to play with words, I could argue

I can do the same 
You are not the only one who can point out several things based on their claim.
I have a keyboard in front of my desktop too 

[alastantiger]

They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you. There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it. If someone buys Bitcoin and their Bitcoin grows in price, they are not in profit until they sell and cash it out. They are in profit, but it's unrealized gain. They must sell to gain the profit. So, it's just they want to encourage others to hold Bitcoin for a long time. I don't want to blame them for such statement.

As plausible as it may sound, there are bitcoiners who are hardcore like this and may see it through to the end. And by the end, I mean a time when bitcoin can and will be used to purchase items and pay for services rendered just as we do we fiat. I do not want to say these people are lying and will not do it, I can only speak for myself. At some point I am going to take profit and get myself one of the vanities of life because I come once to life and I deserve to have it.

[aysg76]

I believe nobody would be holding their coins in wallet for the whole life without even touching them or using it because what’s the fun of it doing so? They will spend it on buying some stuff using it as payment currency or simply cashing out the profits when the time comes so this is base aim for any sort of investment you are holdin.Ut would simply be lying dead and reducing supply if we don’t ever use it.

[Sanitough]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

They can only say that when they're funds are stable but when emergency events start to arise, that's the time that they will realize that at some point, they need to take a part in selling not only because they need the profits, but the fact that they don't even know what will be the future price of bitcoin, then they should set some time goal when to perfectly sell their coins. I've heard a lot of beginners saying that they won't decide to sell their bitcoin  but when majority are selling, they also follow them.

However, if you are very determined and would want to stick to your plan forever, I guess that can also be but make sure you are financially secured with your fiat so that you won't be tempted to sell your bitcoin when the price has already reached a new all time high, and while majority are taking part in the selling season.

[Hamza2424]

So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

OP I cant be sure but still what I think is this phrase is used to express that they are not at all interested in booking small profit in the timeline between the 10 to 15 years, they are planning for something big, but I could be wrong.

Another answer to this we can expect is that they are accumulating Bitcoins for their younger generation/heirs which directly fits in that the'll never sell their Bitcoins because it's their generation who is gonna do that.

TBH, I do belive in selling at a good time, and making a re-buying at a good time as well, it will not only increase your exposure also you can have some more, or much more. (Not recommend t the long term Investors at all).