Never sell your Bitcoin.

[AmaGold70]

Bitcoin is a digital asset that appreciates in price over time, and when your investment has grown or appreciated in value, the investor has to take profit, and this same idea is applicable to bitcoin investment too.
In my own understanding, bitcoin is a digital asset that rewards investors on the long run, which means investors should not sell during bear market, and out of impatience.
More also, I understand this statement to mean that , investors should always have Bitcoin in their portfolio or possession, and even when you sell after making profit on the long run, you still need to reinvest more especially during bear market or Bitcoin dip.

[MRY]

Bitcoin is a digital asset that appreciates in price over time, and when your investment has grown or appreciated in value, the investor has to take profit, and this same idea is applicable to bitcoin investment too.
In my own understanding, bitcoin is a digital asset that rewards investors on the long run, which means investors should not sell during bear market, and out of impatience.
More also, I understand this statement to mean that , investors should always have Bitcoin in their portfolio or possession, and even when you sell after making profit on the long run, you still need to reinvest more especially during bear market or Bitcoin dip.

The scarcity coupled with widespread adoption of Bitcoin has made it a very lucrative investment to many. The maxim to benefit on a risen price is a good business decision making plan in order to preserve the hard earned money. Nevertheless, you must carry out another emergency fund to save you the danger of having to sell off on a shoestring budget during a market decline.

[Gost ms]

Bitcoin is a digital asset that appreciates in price over time, and when your investment has grown or appreciated in value, the investor has to take profit, and this same idea is applicable to bitcoin investment too.
In my own understanding, bitcoin is a digital asset that rewards investors on the long run, which means investors should not sell during bear market, and out of impatience.
More also, I understand this statement to mean that , investors should always have Bitcoin in their portfolio or possession, and even when you sell after making profit on the long run, you still need to reinvest more especially during bear market or Bitcoin dip.

Your comment is leading directly to trading. An investor never sees a small profit and sells the investment before the expiry of the period. An investor has a long term goal like 4 to 10 years or more. As you said, sell when the price increases or your investment becomes profitable, that is always what a trader does.

It is never a right decision for a person to sell the entire amount of his holding. When the period is over, you can withdraw some amount and enjoy it or you can withdraw the amount you need. But withdrawing the entire amount will never be a right decision.

[iBaba]

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”?

I think many bitcoiners interpret that phrase differently, because some said never your bitcoin which is about believing that bitcoin will continue to appreciate over the long term. Bot for other it is about seeing bitcoin as a form of hard money that is better suited for preserving purchasing power than constantly holding fiat currency.

Personally I don’t take it literally, if bitcoin helps you to achieve an important goal like buying a house, raising capital for business or handling an emergency then there is nothing wrong selling some of the bitcoin. The key idea to me is to avoid treating bitcoin as something to trade away impulsively and instead recognize it as long term value.