BTC never for sale?

[btc-1024mining]

Never sell BTC Recently read a lot of blog forums I found a lot of enthusiasts are discussing never sell BTC on this topic I can only remain a certain doubt although BTC is currently high price has its corresponding value

But why do people say never buy?
I think this is because the number of btc has something to do with the fact that we all know that it was issued a total of 210 million and now there are very few of them that have been mined. This is not a hole in the sky and the last halving in 2028, maybe btc has been fully excavated
Based on the current value of btc, it does have a certain amount of collectible value and will be even more valuable when it is fully mined
This is probably why people say they will never sell BTC

But where is the value of BTC in the absence of trading?

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

[Aanuoluwatofunmi]

But why do people say never buy?

Its not possible for people never to buy, it is only advised that you should speculate well before investing, in such a way that your entry point will always be when the market is dip, this will help you to be more profitable about your investment, then you can from there hodl till you feel its perfect enough to sell.

But where is the value of BTC in the absence of trading?

trading is a continuous process with bitcoin, people will continue to buy while some are selling, this is because there is no how everyone can be holding at the same time, selling at the same time or buying at the same time, the general market is decentralized and you can afford to do which ever pays you according the the market season you find yourself.

[uneng]

Such slogans are useful to promote the idea of decreasing the supply of available Bitcoins for sale on the market, so the demand rises, while the supply remains the same or even decrease, meaning Bitcoin's price increase this way through the basic supply and demand law of the market.

Of course nobody is going to just hold Bitcoin forever, because it doesn't even make sense at all, considering money exists to be used and to be reverted in benefical consequences for ourselves. Why would anyone have a tool if they don't intend using it anytime futurely? Just as a collectible, maybe? That would be a waste, anyway.

Personally, I would say to not take these effect phrases too seriously. Make good use of your coins by analyzing how it can be useful in your own life. Don't follow or copy what others are saying just to be part of their group or to look cool. It's actually dumb and doesn't bring any good for you in the end, rather only frustration and regrets.

[Churchillvv]

Never sell BTC Recently read a lot of blog forums I found a lot of enthusiasts are discussing never sell BTC on this topic I can only remain a certain doubt although BTC is currently high price has its corresponding value

But why do people say never buy?

Your questions shows you are obviously new to bitcoin and not just in the forum.

Alot of bitcoin enthusiasts uses the word never sell bitcoin because of the obvious love for bitcoin, if you have know bitcoin for years now or read more about it you would find out that people who held bitcoin from the onset has never for once regretted their actions and are still hodling till date yet bitcoin continues to appreciate in price. If you hold an assets and it doesn't fall you and you know it has a very long life spam that you might not meet the end would you ever sell such an asset? Of course No!

So see bitcoin lovers like me say never to sell bitcoin you should be celebrating such at because it took people a lot to hodl their bitcoins up till now, even with issues like Ban, Bear market, FUDs and SEC regulations yet they made it out to hodl till date they are worthy of celebration buddy! You can visit the Bitcoin Wall Observer thread and see how some forum member have been holding and the word never does seize from them because they understand what bitcoin is and values it.

I think this is because the number of btc has something to do with the fact that we all know that it was issued a total of 210 million and now there are very few of them that have been mined. This is not a hole in the sky and the last halving in 2028, maybe btc has been fully excavated

Firstly, bitcoin is 21 million limited and not 210 million[1]

I don't know where you got all this information but bitcoin will be fully mined in the year 2140[2], So bitcoin last halving is not going to be in 2028. Additionally, over 19.5 million bitcoin has been mined, we have less than 1.5 million bitcoins to be created because of some lost coins and the rest issues that resulted to less than 1.5 million remaining [3]

Based on the current value of btc, it does have a certain amount of collectible value and will be even more valuable when it is fully mined
This is probably why people say they will never sell BTC

But where is the value of BTC in the absence of trading?

Bitcoin is not just an asset. It's an alternative means of payment but it's volatile nature has made it an opportunity for people to make profit from it. The whole scenario of bitcoin price increasing day after day, year after years has made it become a store of value which is another reason why people prefer to hold bitcoin forever than hold a fiat currency that deprecates in value as time goes on.

So what you are saying in essence is with bitcoin being traded it doesn't have any value? Then you still have more readings to do mate.

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

For over years now, even as a newbie in this forum and crypto space, I have read several articles and seen videos of where bitcoin is used every day as a means of payments which is one of its reasons for been created.

So bitcoin is every day in circulation, if it's not in circulation then there will be no market cap for it. There is a thread by @JayJuangee where he teaches a sustainable withdrawal method for bitcoin investment, the contest of his thread is for hodlers who are never going to sell their bitcoin in the nearest years but rather take profit for vacation and the rest of enjoyment you can think of [4].

[1] [2] [3] Bitcoin market cap and supply Or https://www.investopedia.com/tech/what-happens-bitcoin-after-21-million-mined/
[4]   JJG's Bitcoin Investment Ideas (Sustainable Withdrawal / Portfolio Maintenance)

[thecodebear]

Never sell BTC Recently read a lot of blog forums I found a lot of enthusiasts are discussing never sell BTC on this topic I can only remain a certain doubt although BTC is currently high price has its corresponding value

But why do people say never buy?
I think this is because the number of btc has something to do with the fact that we all know that it was issued a total of 210 million and now there are very few of them that have been mined. This is not a hole in the sky and the last halving in 2028, maybe btc has been fully excavated
Based on the current value of btc, it does have a certain amount of collectible value and will be even more valuable when it is fully mined
This is probably why people say they will never sell BTC

But where is the value of BTC in the absence of trading?

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

There are so many mistakes in this post in a single paragraph it's kind of hilarious.

Not to mention the idea that people would stop trading Bitcoin lol. Why do people keep thinking that one day nobody will want to trade Bitcoin anymore because every is holding?? Such a weird thing to say. I guess it just comes from people who don't understand how markets work.

[DanWalker]

Such slogans are useful to promote the idea of decreasing the supply of available Bitcoins for sale on the market, so the demand rises, while the supply remains the same or even decrease, meaning Bitcoin's price increase this way through the basic supply and demand law of the market.

Of course nobody is going to just hold Bitcoin forever, because it doesn't even make sense at all, considering money exists to be used and to be reverted in benefical consequences for ourselves. Why would anyone have a tool if they don't intend using it anytime futurely? Just as a collectible, maybe? That would be a waste, anyway.

Personally, I would say to not take these effect phrases too seriously. Make good use of your coins by analyzing how it can be useful in your own life. Don't follow or copy what others are saying just to be part of their group or to look cool. It's actually dumb and doesn't bring any good for you in the end, rather only frustration and regrets.

I also think like you, I think it's just a slogan to emphasize that don't sell bitcoin too early or too cheap, keep bitcoin as long as possible because it will bring us many profits and benefits that we never thought about it.

Indeed, no one is stupid or passionate enough about bitcoins to hold on to them forever and never sell them. Because the purpose of all of us when investing in bitcoin is to be able to improve our lives, become rich...the ultimate goal is to have a lot of money and live the life we dream of. After all, bitcoin is just money, it was created to serve us, not for us to serve it.

[NewRanger]

But where is the value of BTC in the absence of trading?

Well, I think this is interesting if you want to know. BTC will always exist as long as there is demand and supply, apart from that there is an intrinsic value contained in it as a Payment and Transaction Tool and of course this is very useful where the technology and Blockchain Innovation have a big impact in terms of sending money for example and it is also an alternative others in the current financial system.

[zaim7413]

Never sell BTC Recently read a lot of blog forums I found a lot of enthusiasts are discussing never sell BTC on this topic I can only remain a certain doubt although BTC is currently high price has its corresponding value

It is necessary to first understand the purpose of investment, when you adopt the term "buy at a low price and then sell at a high price" there is no reason for you to hold bitcoin longer if the selling value has reached the predetermined target.
You can sell it when Bitcoin is trading at a higher price to secure a profit and then buy it back when the price is cheap.

But why do people say never buy?

I agree if these words are said by forum members who advertise Bitcoin paid signatures, you don't have to buy them, just follow all the rules specified to get Bitcoins every week. However, if you are not a participant in the Bitcoin paid signature campaign and want to invest in Bitcoin, the only way to get Bitcoin is to buy it.

But where is the value of BTC in the absence of trading?

The value of bitcoin is completely determined by supply and demand, when either is absent, Bitcoin may have no value.

[Bananington]

But where is the value of BTC in the absence of trading?

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

The value of bitcoin lies in its scarcity, and If everyone has Bitcoin unfortunately it would not be valuable because everyone has it. The example that you have given about the gold bars if they are passed on from one generation to another, as the supply and availability of gold reduces, the value will massively increase, and this is the concept behind holding and why many investors have refused selling off their bitcoins because they know that the longer they can hold it the more the value it has, so at the end of the day it's a matter of who is able to hold the longest, so that when Bitcoin finally becomes scarce they have enough in their holding to sell off a little to those who need it and make huge profits.

[Faisal2202]

But why do people say never buy?
I think this is because the number of btc has something to do with the fact that we all know that it was issued a total of 210 million and now there are very few of them that have been mined. This is not a hole in the sky and the last halving in 2028, maybe btc has been fully excavated

There are 21 million BTC not 210, and what do you mean 2028 will be the last halving? halving means a reduction in block reward, and AFAIK the last halving will be when the block reward will be zero and that will be at 2140 not 2028. So according to me, the last halving will be at the 2140 years.

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

You are right, BTC is not for holding, but if you will hold BTC like some antique item in the house which have limited supply while the demand is high then that thing will become a good investment for you, and everybody needs money, who would want to pass a good investment opportunity. Money is need of everyone. So holding is not bad, and until last halving, BTC will be in circulation, after that I can't say anything. But I am 99% sure that it will still be in circulation. Because market is full of different mindset peoples, who want to trade rather than just hold. All 5 fingers are not equal.

[Reatim]

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

The reason why even if we just hold bitcoin it’s still increasing in price is because there are other people who are transacting with one another with the use of bitcoin. I am not so sure if there will be a time nor do I think there was ever a time where everyone collectively held bitcoin.

Some will continue to buy and some will continue to sell. That’s because we all entered the market differently. Hence why we are all also going to exit the market differently.

[mk4]

But why do people say never buy?

Outside of the likes of Peter Schiff and other anti-bitcoin/crypto communities, literally no one says "never buy" bitcoin lmao.

It's only valuable if it's in circulation. Isn't that what you have in your BTC?

Some people say "never sell" BTC because they'd rather spend dirty fiat money instead.

Also take note that even if literally everyone in this forum would say "never sell BTC", people will still sell BTC lmao. The market is too big that there will always be BTC being sold regardless of price and regardless of market sentiment.

[GideonGono]

It is all just an advice it is up to us who holds or owns crypto if we want to sell it or buy more.
For me I don't really believe or take an advice from celebrity or famous personalities specially those who doesn't really have a knowledge on cryptocurrency.

[Roseline492]

Never sell BTC Recently read a lot of blog forums I found a lot of enthusiasts are discussing never sell BTC on this topic I can only remain a certain doubt although BTC is currently high price has its corresponding value

But why do people say never buy?

The thing is that every individual or investors has there own perspective on Bitcoin, hence they advised based on there view, however in my own perspective the reason why most people advise not to sell is that they focus on the long term holding so any Bitcoin price increment does not move them to sell there Bitcoin because they believe that the price of Bitcoin in the future will surely be very higher than what the price could be now and perhaps I agree on that because Bitcoin is a very potential coin and if the price was able to go this far on this number of years you could imagine what the future will be for Bitcoin.

Also I think the main reason why some persons would also say don't buy could be those that focus more on short term holding or trading and we all know that trading is mostly buying at low and selling at higher price, so perhaps considering the fact that Bitcoin price has beginning to retrace back they became confused weather the price will continue rising or decline so perhaps at the moment the will become scared of buying.

[Hamza2424]

This theory and the term have nothing to do with the reality that you never sell Bitcoins, yup you can go for a long-term holding from the timeline of 5 to 0 even 15 years, and an accumulation period of 3 to 5 years but if a person saying he won't sell, there are two possibilities, in theory, keep in mind one is generational accumulator which is very very rare in middle class 0.1% chances of such existence, hmm I cant be sure of the figures but I haven't met anyone yet, and the second possibility is that the person did accumulate the Bitcoins but lost the key haa so technically he cant sell (Just kidding) everyone will sell when needed so there is no need of being emotional on it.

[yhiaali3]

Of course, Bitcoin has great value, and its main value comes from its scarcity and the difficulty of obtaining it as time passes, so everyone tells you not to sell because the Bitcoin that you sell today at a very high price will be many times more difficult to obtain in the future.

If you go back to the early stages of Bitcoin, it was very easy to obtain it, but as time progresses, it becomes more difficult to obtain a number of satoshis. So, what will the situation be like 20-30 years from today?

But in the end you must sell because what is the point of holding Bitcoin forever without getting a single dollar to spend? Unless you are thinking of leaving the wealth to your children in the future.

[aoluain]

Such slogans are useful to promote the idea of decreasing the supply of available Bitcoins for sale on the market, so the demand rises, while the supply remains the same or even decrease, meaning Bitcoin's price increase this way through the basic supply and demand law of the market.

Of course nobody is going to just hold Bitcoin forever, because it doesn't even make sense at all, considering money exists to be used and to be reverted in benefical consequences for ourselves. Why would anyone have a tool if they don't intend using it anytime futurely? Just as a collectible, maybe? That would be a waste, anyway.

Personally, I would say to not take these effect phrases too seriously. Make good use of your coins by analyzing how it can be useful in your own life. Don't follow or copy what others are saying just to be part of their group or to look cool. It's actually dumb and doesn't bring any good for you in the end, rather only frustration and regrets.

I also think like you, I think it's just a slogan to emphasize that don't sell bitcoin too early or too cheap, keep bitcoin as long as possible because it will bring us many profits and benefits that we never thought about it.

Indeed, no one is stupid or passionate enough about bitcoins to hold on to them forever and never sell them. Because the purpose of all of us when investing in bitcoin is to be able to improve our lives, become rich...the ultimate goal is to have a lot of money and live the life we dream of. After all, bitcoin is just money, it was created to serve us, not for us to serve it.

There could very well be a percentage of Bitcoin which will not be sold for a very long time.
Because its such a valuable asset they could be handed down as an inheritance in the
future for example.

Another example is Michael Saylors Bitcoin which he stated at some stage that he
would never sell.

But the majority of Bitcoin will change hands at some stage, circumstances change
for a lot of people and while today you could say I will HODL forever but something
happens and we need to sell Bitcoin to finance something.

I wont lose any sleep about what the OP is reporting about.

[alankasman]

But where is the value of BTC in the absence of trading?

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

One of the processes of getting Bitcoin is by buying from a seller via an exchange.
Supply and demand determine the value of Bitcoin.

Bitcoins total 21 million. Day by day the supply circulation is getting closer to the total supply. We ask where a large number of the 21 million Bitcoins are, in inactive or lost wallets, in private wallets held by their owners.
In the aspect of assessing value that you compare with gold, yes Bitcoin is an inheritance that needs to be passed on if it does not have the opportunity to be owned by someone as the initial owner before being inherited.

Bitcoin circulation is not the same as fiat currency when the annual printing period can be increased according to needs.

[tabas]

If you have 10 gold bars and you don't sell them in your lifetime and you exchange them for the things you need to live on and you pass them on to the next generation that's an inheritance of culture rather than a manifestation of value

And the same goes for BTC, if you don't sell it, you retain the value of it and because of it having a limited supply. The value of it is being reserved so, if you love yourself or your family and you chose to use it as an inheritance then you're simply applying the use of it as a store of value because you know that in the future the value of it will be bigger.

We can understand and learn the culture of BTC and even develop it again. However, as a virtual currency, BTC is valuable and meaningful only when it begins to circulate, rather than being placed in the home like an old antique for future generations to admire

You're right, you're contributing to the ecosystem of it when you're also part of the circulation and you spend it. But change is within the ecosystem that many of us have realized that the power of BTC as a store of value is more valuable than of being used to spend it to anything you want and use it as a currency. No one stops us from using either of it because they're contributing to the actual economy of Bitcoin. And as a holder of it, you are the one to determine where and when you want to spend it, no one will kick you down to spend your holdings. We're not as big as the institutions that they are free to dispose it anytime they want and that's why we're giving importance to what we have and the decision that we'll in the future is going to determine a big change for our lives.

[kotajikikox]

many of us have realized that the power of BTC as a store of value is more valuable than of being used to spend it to anything you want and use it as a currency. No one stops us from using either of it because they're contributing to the actual economy of Bitcoin. And as a holder of it, you are the one to determine where and when you want to spend it, no one will kick you down to spend your holdings. We're not as big as the institutions that they are free to dispose it anytime they want and that's why we're giving importance to what we have and the decision that we'll in the future is going to determine a big change for our lives.

While it is true that many people have found bitcoin to be a very valuable investment it wasn’t intended to be used like this. This is why many people still push the idea of worldwide adoption of bitcoin as a currency so that we can use it for daily transactions and whatnot.

Many people still want to buy pizzas with bitcoin so while there are a lot of holders of bitcoin, there are also those who use bitcoin for transactions.