Never sell your Bitcoin.

[Fiasem20]

I don't think so fully right about the words "never sell your bitcoin", if you have experienced around two until three years checking bitcoin price history fully realize this word not fully right keep holding bitcoin for long term or forever how many people saying. In my opinion you must looking forward for bitcoin possibility if already raising up better for selling and buy back later when bitcoin going dump, you can see by your self when bitcoin success hitting at higher price always another opportunity for bitcoin going down how happening recently.

Last year we are celebrating bitcoin success hitting ATH price if you keep hold it most disappointed because loss great chance to sell at higher price because bitcoin price nowadays drop significant more than 60% from ATH price.

I could barely comprehend what you were saying about the bitcoin price history.Most enthusiasts aren’t accumulating bitcoin for their own financial benefit in the future rather most enthusiasts have decided to hold their bitcoin and pass it to their children who may likely or not likely continue the legacy.Many financial experts connotes term that suit their current financial status,for instance if you’re asked never to sell your bitcoin that doesn’t mean you shouldn’t have a financial target,most probably when your financial target has come it may be the period where bitcoin price is doing perfectly well.For instance,last year a lot of bitcoin enthusiasts that have been holding onto their bitcoin for the long term reaped good profit due to the ATH.

[yudi09]

-snip-

Bitcoin has never failed and anyone that losses money in bitcoin is probably due to there failure to understand how bitcoin investment works. It is only those that are after quick profit that often lose money or those that fail to follow the right part. There are people that may fail to invest with discretionary income and may end up selling at loss. Therefore, at this point it is not bitcoin that failed them but there there own mistake of investing money that was never meant for investment.

Because trading doesn't necessarily guarantee the quick profits you hope for.
Selling Bitcoin at certain times isn't a mistake. Sometimes selling Bitcoin can be interpreted as not keeping it stored or circulating like cash.

With Bitcoin investments built for the long term, most investors will exit with a profit. They will only dispose of their Bitcoin when they deem it appropriate, based on their strategy. Selling isn't necessarily just because they've profited from a positive price return; they might consider how long the market will decline before buying again.

[BitBakerr1]

I would say "never" is weird in this sense, but yeah, selling bitcoin when it's down is a bad move if you do not need to. I have sold it at a loss before in my life, but mostly been lucky to sell at a profit.

On those rare occasions where I had to sell, it was medical bills and medicine that I needed to buy and didn't had any other money and even was maxed out on my credit card and wasn't get anymore loans, so it was literally the last resort for me before I had to sell all that I have.

Sometimes, situation could be happen and you have to sell your Bitcoin and if you will not sell at that time you could lose your dear one so you should think about your family not about profit and loss . If you have saving then you should go towards savings and there should be enough saving for any kind of emergency because emergency could be happen at any time. People are saving for the future and if you will save for buying Bitcoin it could be best but you should take loan by other persons and should pay when market is good and don't sell the Bitcoin when market is going down and at any cost do not sell your Bitcoin because your next generation need that  and it you will save for them they will pray for you.

If you don’t have an emergency funds you cannot hold bitcoin for a very long time. It is not possible, that is why it is very important to have an emergency funds, emergency we always come up and if you don’t prepare for it, you will be forced to sell your bitcoin so you can solve that emergency, your mother or your brother or sister or even your father cannot be sick in the hospital and the doctors are asking for a certain amount of money that you have in your bitcoin and since you don’t have an emergency funds you will have no other option than to sell your bitcoin and solve the emergency at hand, because no money or bitcoin can be compared to the life of your loved ones so if you want to hold your bitcoin for a very long time, make sure that you have a very strong emergency funds.

[PhilosopherKing]

It is simple. It is because bitcoin is the real deal. It can preserve the value of your money overtime better than when you keep exchanging it for fiat money. So bitcoin is above those weaker currency.

And it would not be smart for person to now be exchanging it for weak currency that can't last up to two months without losing value. IMO with selling, person cannot build up his bitcoin stash because the person will keep reducing the value of money they have when they keep selling. It is better for person to just keep buying and ongoingly build up their stash instead of selling at every slight opportunity that come

[RockBell]

Never sell your bitcoin is misleading. He should write the full sentence and meaning by not selling or when selling. We are not going to acquire bitcoin to leave them stacked in wallets without a reason. Does he want to leave his bitcoin to someone in his will if the receivers will never sell them. We buy bitcoin because we have to sell them for benefits which money bring us. If he is never selling his bitcoin why is he acquiring them.

I don't even know why you will want to sell your Bitcoin it does not make any sense and I don't know the kind of money that you will need that you will even sell your assets and even if you sell it does not change anything actually but the truth of it all is people should prioritize what they have because with the kind of value that Bitcoin have if I dont make profit because what will happen when I don't make profit and people never learn that is one of the problem and when you are about to invest this are things that an investor is to know before you start.

And we should all know that investing in Bitcoin is a game of patient because there is no hurry when it comes to investing in Bitcoin because you will have to wait till your profit have been made before you sell but people are always, selling because they don't even have any other plan.

[marrcelo]

Everything you invest in is to make a profit. If Bitcoin gives me a good profit, I will sell it. Then I will wait for the price to go down so I can buy more.
I respect people who hold Bitcoin to protect themselves from inflation or those who hold it for many years, because many of them have done very well. There are different strategies that work, and everyone chooses their own.
Holding forever can be a good strategy if your country goes into a deep crisis, the government confiscates people's money, or the country becomes a dictatorship. On the other hand, you may have such a big profit that you can't resist selling and taking the profit, giving up on holding forever.

[Nwada001]

Everything you invest in is to make a profit. If Bitcoin gives me a good profit, I will sell it. Then I will wait for the price to go down so I can buy more.

This strategy sounds easy, but it’s hard to follow. The moment you sell, you can see the price of Bitcoin going up high, and the value you are expecting to buy back might not actually come when you expect it, and there can be some regrets associated with that pattern.

Holding forever can be a good strategy if your country goes into a deep crisis, the government confiscates people's money, or the country becomes a dictatorship. On the other hand, you may have such a big profit that you can't resist selling and taking the profit, giving up on holding forever.

Nobody actually holds forever; they can hold for a long period of time, but they can wake up and sell anytime they like, which is not holding forever, and even if the government wants to do anything with regulations, only those who are holding in a centralized service can directly be affected; anyone who owns a key to their wallet can actually decide on how to spend their coin it might be a bit difficult but not impossible.

[Versatile_choice]

If you don’t have an emergency funds you cannot hold bitcoin for a very long time. It is not possible, that is why it is very important to have an emergency funds, emergency we always come up and if you don’t prepare for it, you will be forced to sell your bitcoin so you can solve that emergency, your mother or your brother or sister or even your father cannot be sick in the hospital and the doctors are asking for a certain amount of money that you have in your bitcoin and since you don’t have an emergency funds you will have no other option than to sell your bitcoin and solve the emergency at hand, because no money or bitcoin can be compared to the life of your loved ones so if you want to hold your bitcoin for a very long time, make sure that you have a very strong emergency funds.

What you said about not having emergency fund is nothing but the truth,  I can't even imagine how bitcoin investment turns out to be if there's no emergency fund in place. How are we going to handle those emergency situations that might come our way during the process, does it mean that we will take out loan to sort ourselves out....then again where are we going to get the money that we will use to settle the loan? With This I can clearly say that we can't cope in bitcoin investment without a emergency fund, even though some folks May likely cope, definitely there will be a lot of sad stories.

[kawetsriyanto]

Holding forever can be a good strategy if your country goes into a deep crisis, the government confiscates people's money, or the country becomes a dictatorship. On the other hand, you may have such a big profit that you can't resist selling and taking the profit, giving up on holding forever.

How it can be good strategy if investor doesn't get anything?
Sure, someone can sell their Bitcoin asset when it is in urgent or emergency condition. When there is a crisis in a country, people may have no choice, they should sell assets.
By the way, I'm not sure that government confiscates the money from citizen to solve the crisis. It will burden more the citizen in a country.

Nobody actually holds forever; they can hold for a long period of time, but they can wake up and sell anytime they like, which is not holding forever, and even if the government wants to do anything with regulations, only those who are holding in a centralized service can directly be affected; anyone who owns a key to their wallet can actually decide on how to spend their coin it might be a bit difficult but not impossible.

Agree, no one probably holds forever. All holders must sell their Bitcoin asset when it reaches the selling target or they must sell because of urgent matter.
You're right. It will be safer if we hold in no custodial wallets. The government probably can't confiscate our Bitcoin as long as we don't share them the private keys.

[Alonso_]

Unfortunately you can’t tell people what to do with their bitcoin, whatever people want to do with their bitcoins that is what they’re going to use it and do, everyone have different plans and ideas why they’re investing in bitcoin, some people are investing for a long term purpose and they will keep their bitcoin for that purpose, there are also people who are interested in short term gains in bitcoin, so they will also only have plans to invest for a short term and selling and trading when they have profits.

[cocadalcan]

I will be honest until a few years ago, I did not really understand what “never sell your Bitcoin” meant. I thought the point was simply that you should never sell Bitcoin because its exchange rate would keep rising. Why sell something that is gaining purchasing power

But when I started spending time with Bitcoiners, attending Bitcoin meetups, and reading books from the Austrian School of economics, I realized that this was not the real point. That is when I finally understood why Bitcoiners say: “Never sell your Bitcoin.”



Do you truly understand why Bitcoiners say, “Never sell your Bitcoin”?

Bitcoiners who have been able to understand that Bitcoin is a store of value and a future asset are holding it.

You don't have to be very knowledgeable to understand this philosophy of never selling Bitcoin, just know a few basic things about Bitcoin.

First, the supply of Bitcoin is limited to 21 million. The shortage of supply increases the price of every product. The price of Bitcoin is also increasing and the amount of price increase will expand in the future.

Second, the volatility of the price has made Bitcoin a more sought-after asset.

Third, the decentralized system. Literally, Bitcoin is a decentralized digital asset that is not affected by inflation, so if you accumulation Bitcoin compared to fiat, your wealth will not decrease, but rather the value of this digital asset will increase at the same time as your Bitcoin holdings increase.

So never sell Bitcoin.

[cyberninja2]

...

Bitcoiners who have been able to understand that Bitcoin is a store of value and a future asset are holding it.

You don't have to be very knowledgeable to understand this philosophy of never selling Bitcoin, just know a few basic things about Bitcoin.

I think it's true, because they only do that because they are fundamentally more knowledgeable in understanding the future and they clearly see Bitcoin as a value and an asset the most important thing when storing it for their future. It's basically true as you mentioned but we should also have some knowledge even if only to guide us when discussing Bitcoin and to be able to explain developments whether regarding market price declines or increases especially now with the current price decline. This is our goal in having knowledge to understand the philosophy and purpose of Bitcoin.

[Luzin]

So never sell Bitcoin.

I don't agree with the phrase 'never sell Bitcoin.' For me, Bitcoin is a tool to improve well-being, not something that has to be kept forever. I would sell some Bitcoin when the price gives a decent profit, and then accumulate it again when the price is more attractive. That way, the amount of Bitcoin I have can grow over time. On the other hand, I also wouldn't hesitate to sell Bitcoin if I really needed money for important needs. The goal of having Bitcoin is to provide financial freedom, and that freedom also means being able to use it when needed, not just holding onto it endlessly.