Don't just sell your Bitcoin holding, think about replacing it.

[Olotu20]

The purpose of making any investments is for profit making on the long run. And Bitcoin investment is not different from it, even though the believe is that we should hold our Bitcoin investment as long as possible. The truth is that we will eventually sell one day for what ever purpose that the investor may have, either to solve problem or using it for investing in other sections etc. According to Micheal saylor strategy plans to replace ten to twenty Bitcoin with every single Bitcoin that is ever sold.

This type of statement is a big one and speaks volume and intent because only people who believes in Bitcoin and knows the importance will make statements like this. This led me to be thinking and would like to share with the forum.  How many Bitcoin do you replace when ever you sell from your holdings.

Reasons why replacing of your Bitcoin is crucial.

Bitcoin has a fixed supply
As we all know Bitcoin has a maximum amount of Bitcoin supply that is in circulation, so once the actually amount of Bitcoin which is in circulation gets to an end , Bitcoin will become more scarce and hard to get. So try as much as possible to replacing your bitcoin after seeing.

Long term price appreciation
Replacing your bitcoin means that, you are conscious of the fact that Bitcoin is one asset that has a long term growth ratio, so after selling and buying back with extra only means that you are only strategically positioning yourself for long term profit.

Protection against inflation
When ever you are selling your Bitcoin, you are opening yourself for the harsh weather of inflation to be betting. Bitcoin helps you to protecting yourself wealth.

Accumulation mindset
Buying back what you have sold only indicates one thing, and that is you are someone who believes in holding Bitcoin for the long term.

Psychological discipline
Trying to replacing your bitcoin which you sell will make you to be disciplined, because you know that you are going to buy back the amount of Bitcoin that were sold. This will help you to control your spending especially on unnecessary things.

https://www.mexc.com/news/1081813

[Amphenomenon]

This is good but not applicable to everyone, you don't have to be having the same number or units of bitcoin even after taking profits and then you decide to buy back.

You can buy some amount, not necessarily equal to the amounts you had earlier or morand plan to HODL for another longer term profits, this strategy is still part of it.

[Charles-Tim]

In short, you still mean someone can sell bitcoin, but they should buy the coins back and also increase the amount bought if possible. Yes, it is good. Bitcoin is more than just an investment, it is a store of value. Just hold it and the price will appreciate in a way that you will not lose butaking more profits. I think people on this local board should know this by now.

[ZeroVinsonN]

You should also take into account that bitcoin is volatile, you can sell at a particular price and then buy back at a price that's higher than the one you bought at, and at that point you aren't making any profit from it. Bitcoin holders should know when they want to sell and how to go about it, your opinion works in the sense that you are using the bitcoin you sold to pay for something important and you will replace what you sold when you have the money again, it means you are not selling solely for profits but out of necessity.

[Mhizlove]

Selling of bitcoin don't mean that you don't belief again just that life happens and person fit need to use the part of investment. But thr idea of always replacing every signal bitcoin you sell needs balance because the Market don't move one way and sometimes if you want to buy it back immediately the market will not favour you if price rise that's whay is good to have a good plan on when to sell, buy back and why? We no say bitcoin scarce and that na true, but discipline is not only to replace it but for you to make smart decisions that can protect your money long term without any pressure

[Nathrixxx]

There's always an ever expecting market from bitcoin network and this is why the moment we are selling we still discover some are buying in respect to it season, another thing we must do is to see that we can hold our coin to make more profit before selling it and after selling so that we can as well reinvest back, because bitcoin is always profitable when we hold over time.

[Melody91]

some people invest with the mentality of selling once a little profit pops up,but failing to sell with target,if they sell with the plan to reinvest with favourable percentage it's fair.
Just for instance you had 1000btc in the long run market price suddenly went up living you with maybe 3000btc.
For me invest 75 to 80 percent of the total money,instead some people will channel their insurgent demand on the investment,failing to know that your investment is your heart beat,it is safer something added to your initial investment after selling than depreciation or starting all over because of distractions and demand pressure.
If you must sell have a target that grows your present investment than starting all over.

[Cryptomultiplier]

Psychological discipline
Trying to replacing your bitcoin which you sell will make you to be disciplined, because you know that you are going to buy back the amount of Bitcoin that were sold. This will help you to control your spending especially on unnecessary things.

https://www.mexc.com/news/1081813

In a better way, I think being disciplined will help you remember to replace the sold Bitcoin and not the other way around, because discipline on its own is a risk management requirement that is needed to survive the harsh economic situation we are navigating by trying to be more into the decentralized systems for privacy and wealth accumulation. 
An investor with a good financial management practice will also know how important it is to replace financial assets with a store of value like Bitcoin, before it depletes so as to avoid being in the red zone in difficult financial situations.

[Fiatless]

Bitcoin is a lifelong investment for me. This doesn't mean that I will never sell my coin, but I will always have it in my investment portfolio. Restacking your wallets after taking profits is important to me. The Bitcoin circle is still operational, hence there will always be the opportunity to make profit. So those who see it as an investment would always replace their coins to enable them to benefit from each circle.

[Btcdeybodi]

I know of someone who sells his bitcoin when the price is high and it's not like he wants to take profits and do anything with the money,  he just converts it USDT and wait for the price to fall then he buys back with same amount but at a lower price. This is a good strategy but the problem is when you sell and the price doesn't fall in the short term, you might just use up that money for other necessities that will arise while you are waiting for the price of bitcoin fall. If you are using the DCA method there is no need to worry about replacing the bitcoins you sold since you are accumulating consistently except you want to reserve some funds that you will use in buying when there is a severe drop in the price of bitcoin.

[DubemIfedigbo001]

The truth is that we will eventually sell one day for what ever purpose that the investor may have, either to solve problem or using it for investing in other sections etc.

The truth is that you don't have to sell your bitcoin in order to solve a problem, that is the same reason you're advised the have a emergency fund built while you invest into bitcoin if you don't have in earlier and if you have a problem you never planned for, you can sort it out with your emergency funds while you continue holding bitcoin.

If you want to diversify into another asset, like landscape or thereabouts, the you can paused your buying bitcoin and continued holding until you've achieved your purpose, the you can return to buying bitcoin and adding that you portfolio.

If you hold bitcoin for a long-term and must have accumulated and substantial amount, let's say through DCA for 10 years of more, then you don't have to sell and buy back, you can sustainably continued to withdraw from your holdings and it sustains you

[Creeper0]

If you never enjoy the wealth you have earned through your whole life's work, then why have that achievement? I think it is not necessary to replace Bitcoin after achieving the goal. People are not immortal, every person has to die, so I will try to fulfill my basic needs properly as long as I am alive, and then I will keep the remaining money in Bitcoin, when my goal is achieved and I reach retirement, I will take the profit from that investment.

My big question is, when I am in retirement and I have no source of income, then how will I replace the spent Bitcoin? And why would I do that? I will leave some part of the achievement for my children, not the whole. Because - in old age, your children will not be yours, after death, they may not even pronounce your name. The reality of the world is very difficult, there are very lucky people whose children love their elderly parents selflessly. So you have to make your own arrangements.

[Sammye3]

I have thought about this like a thousand times (figuratively speaking) and I dont see that many people who talk about bitcoin could still be holders in 10-15 years, and not so many are looking at holding bitcoin forver. Some people have a target for bitcoin and ince they have achieved that target rgey leave anything bitcoin investment to rest, some may invest for generations to come and not for personal use, others just trade to make the little profits on every small movement.

You can never force or direct anyone on how to invest in bitcoin,  which is why gathering the necessary knowledge required to understand the concept of bitcoin before investing.

[Churchillvv]

It may sound very easy and it’s usually simple for people to say buy back but the reality of life is usually far different, the fact is that if you have a desire and you want to sell bitcoin to achieve it, why sell then when you can do without what you want to buy but however bitcoin is not supposed to be held captive it’s money and needs to be spent, but then you should be able to have a back up plan while investing so you don’t loss your investment because of life challenges.

[L E G E N D A R Y]

In Bitcoin Investment, we have different phases, first we have the accumulation phase, and then the maintenance phase. The accumulation phase is when the investor has the opportunity to accumulate enough Bitcoin and reach an overaccumulation stage, and the moment that they have been able to accumulate more than enough Bitcoin, the transcend to the withdrawal/maintenance phase, where they eventually need to apply a strategic withdrawal method, whether time based or price based, and the best part of this strategy is that, if you employ a good withdrawal strategy, you'll be able to know how much is okay for you to withdraw within a particular interval, and thus replacing spent bitcoins becomes optional and not something that's mandatory in order to sustain your portfolio.

[Agbamoni]

My opinion would be "sell but dont exit the market".
Bitcoin investment is all about profit, we can't deny that fact. When thinking of selling, we should sell, but do not sell all we have. Leaving a small portion that is up to 30% of our portfolio will propel us to set another goal and continue accumulation. Exiting the market is the wrong move. If we exit the market, it will take us to start afresh in the accumulation journey, which could be detrimental to most investors.

[Cryptoprincess101]

It may sound very easy and it’s usually simple for people to say buy back but the reality of life is usually far different, the fact is that if you have a desire and you want to sell bitcoin to achieve it, why sell then when you can do without what you want to buy but however bitcoin is not supposed to be held captive it’s money and needs to be spent, but then you should be able to have a back up plan while investing so you don’t loss your investment because of life challenges.

I don't even know why someone who is investing in bitcoin will not have a backup plan in case they are in need, why will they sell their bitcoins and hoping to buy back when they know that the price might get higher than the price at which they sold. Of course, bitcoin is money which ought to be spent but don't you think that it will be very bad to always sell bitcoin to fiat currency because by so doing you might be degrading the value of it. If it is about using bitcoin as a means of payment it would have been understandable but always selling to get fiat currency is not a good way to go because it is supposed to be buying bitcoins with fiat and not selling bitcoins to get fiats.

[Joy- maker]

My opinion would be "sell but dont exit the market".
Bitcoin investment is all about profit, we can't deny that fact. When thinking of selling, we should sell, but do not sell all we have. Leaving a small portion that is up to 30% of our portfolio will propel us to set another goal and continue accumulation. Exiting the market is the wrong move. If we exit the market, it will take us to start afresh in the accumulation journey, which could be detrimental to most investors.

People should only think of selling their Bitcoin investment only when they have reach their accumulation target or complete their accumulation period, and must have held it for long term.  It is not advisable for investors to selling their Bitcoin investment at early stage of accumulation and then try to rebuild back their Bitcoin portfolio later.

Telling Bitcoin investors to sell, without fully exiting the market sound more like trading or at least something very similar to trading.
Also, what is need of selling your Bitcoin investment in other to buy back later when you won't even be needing the money anytime soon.

[Exitoral]

Replacing your bitcoin after selling it it's a smart move. But make sure what you are buying in replacing bitcoin is not a depreciating asset.

Bitcoin to the moon. Everyone is ready for it. But what I have observed is that, when a lot of people want something to get to a certain height it won't in eventually get there. My take.

As time goes on. If bitcoin actually is getting to that moon, it will get harder to accumulate bitcoin. For people who sell their bitcoin for survival, it will be hard for them to replace it with something else. So this advice will be for those who sell their bitcoin by choice and not for necessity.

[Smartvirus]

In short, you still mean someone can sell bitcoin, but they should buy the coins back and also increase the amount bought if possible. Yes, it is good. Bitcoin is more than just an investment, it is a store of value. Just hold it and the price will appreciate in a way that you will not lose butaking more profits. I think people on this local board should know this by now.

Our people Dey gree hear that one. Condition Don do so tay, some people understand these facts but, them just no care or no Dey think too much about am o. Only watin Dey them important be say, them just wan survive the economy. That na the case for plenty people way come this industry for the money and the survival o.
Any which way shah, I no Dey against temporary enjoyment from your investment but, na to buy back be the koko o and this buy back na something way Dey easily said than done, na why e no be best practice to sell at all.