Never sell your Bitcoin.

[BitGoba]

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”?

[Livingleged]

When you say “never sell your bitcoin”, the statement doesn’t make sense because it’s like an incomplete statement which if not properly understood will be misleading. Are we just going to be acquiring bitcoin and build portfolios forever without making plans on how to enjoy the wealth? If you say don’t rush to sell your bitcoin when you get little profit that will make more sense than just coming out to say never sell your bitcoin. If you don’t sell Whats the point of keeping it since we know we are going to die at some point.
I can’t be a part of those who will advocate for this “ never sell your bitcoin” even from the investors mindset there are phases to bitcoin investment, it goes from learning and accumulating, to maintenance and afterwards withdrawal plans.

[Son Of Blockchain (SOB)]

When you say “never sell your bitcoin”, the statement doesn’t make sense because it’s like an incomplete statement which if not properly understood will be misleading. Are we just going to be acquiring bitcoin and build portfolios forever without making plans on how to enjoy the wealth? If you say don’t rush to sell your bitcoin when you get little profit that will make more sense than just coming out to say never sell your bitcoin. If you don’t sell Whats the point of keeping it since we know we are going to die at some point.
I can’t be a part of those who will advocate for this “ never sell your bitcoin” even from the investors mindset there are phases to bitcoin investment, it goes from learning and accumulating, to maintenance and afterwards withdrawal plans.

Everyone has a target and reasons why they choose Bitcoin as an investment option so our choice for the tine of withdrawal would differ even though we hold for long-term, however Satoshi is the only holder I know that haven't sold yet not even some portions but individually we all can't be like Satoshi and it's based on our different goals.
 The only people that might never sell some portions of their holdings are those who intend using Bitcoin as an inheritance for their kids or grandkids but those who use it as inflation hedge or tend to getter richer on the long run through it would likely sell some portions at some point.

[dzungmobile]

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”?

It does not mean anything at all with my many years in Bitcoin market and this forum.

You are not a millionaire or a billionaire and you must be realistic with what you are doing for your life, investment and withdrawals from your investment portfolios.

You invest money in Bitcoin for profit, for improving your finance and wealth but even you investing with your discretionary income, let's say you must plan to withdraw part of your investment likely its profit in the future. Investment without withdrawing profit does not make me feeling like I am investing at all.

Be realistic is also about withdrawing for your spending need, as even if you have saving, emergency fund, some time in the future you will need to spend big money for something, it's time for taking profit partially and use it.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

[goldkingcoiner]

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”?

We should start saying trade instead of sell.

Sell makes it seem like Bitcoin is not the currency but rather can be sold for the "real" currency. It perpetuates the ptsd that fiat has given us humans throughout history. It validates our reliance on it. I do not like it.

But I agree with OP's sentiment. I do not plan on trading my Bitcoin in for anything because nothing is as valuable as Bitcoin will be in the future. But eventually we will need to trade some of our holdings for life's other many pleasures. Like lambos

So it would be more accurate to say: never trade in your Bitcoin for perpetually value-declining fiat as your main held currency.

[Publictalk792]

Only an actual intellectual process would be necessary to get over the bridge between viewing Bitcoin as simple valuable asset to realize that it is paradigm shifting money system. Majority of the ones that stroll in this space will be staring at fiat price chart and main objective is that u-event is to sell fiat at later time and earn greater amount of paper money. I think that message of Never sell your Bitcoin refers to the understanding that Bitcoin is the strategy of getting out, other than investment. You never sell your savings, back into system that is broken, instead you have the ultimate collateral. With fully grown Bitcoin economy, you do not have to sell your coins, but it is possible to borrow against your coins, use them as untouched store of value, or spend them as peer to peer money when the rest of the world catches up. The concept of selling is gone when you realize that fiat is meant to melt, and bitcoin to persist.

[_act_]

When you say “never sell your bitcoin”, the statement doesn’t make sense because it’s like an incomplete statement which if not properly understood will be misleading.

You are the one that is not getting it the right way, never sell you bitcoin can not stop anyone from selling bitcoin, but he should know that if he sell his bitcoin, the price would have increased more after some years. That is what the statement is all about. It is a very good statement and very correct and not misleading.

[Zaguru12]

Everyone has a target and reasons why they choose Bitcoin as an investment option so our choice for the tine of withdrawal would differ even though we hold for long-term, however Satoshi is the only holder I know that haven't sold yet not even some portions but individually we all can't be like Satoshi and it's based on our different goals.
 The only people that might never sell some portions of their holdings are those who intend using Bitcoin as an inheritance for their kids or grandkids but those who use it as inflation hedge or tend to getter richer on the long run through it would likely sell some portions at some point.

Exactly the only people we can actually call out that they would not sell their bitcoin is actually Satoshi himself, at the end of the day everyone would sell off their bitcoin one day whether for inheritance or actually long time holding, either it will be sold by the real owner or by those he left it for there is definitely going to be a sale except the keys to the wallet are not actually available again and have been lost.

Wasn’t it here that Microstrategy was on about no selling of bitcoin and just buy buy but just yesterday the Microstrategy institution announced a sell of 32 bitcoin. So there is nothing wrong about selling your bitcoin at later stages in life because bitcoin is money itself

[Bit-Mj1014]

Bitcoin is a tool to improve your life and make it better, If you never take profits or use it to buy a house, secure your family's future, or cover an emergency, it's just a number on a screen. I think "never sell your bitcoin" is like a motivation for better accumulation mindset, it helps ride of anxiety mentality when things get hard or when the market is at the bearish season, but life requires a withdrawal strategy eventually.

[Merit.s]

It's impossible not to trade your bitcoin when you have the full control of the private keys. It's only those lost bitcoin that cannot be traded. If I reach my accumulation target and hodli till I retire, I will start taking little profits bit by bit once in a while because why will I invest and wouldn't enjoy the fruit of my labor at the right time.

It's unrealistic to say never trade your bitcoin because if you don't, your heir will since bitcoin moves from one hand to another.

[hugeblack]

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.”

So far we don't understand why Bitcoiners say, “Never sell your Bitcoin?” Your post doesn't explain anything.
The main reason for not selling Bitcoin is that its value increases in the future and there is regret for not holding onto it; it is a purely investment-related reason.

[wmiran]

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”?

To me, "never sell your Bitcoin" doesn't literally mean never sell. It means don't trade away a scarce asset for depreciating money unless you truly need to. The idea is more about preserving long-term purchasing power than blindly holding forever.

[maydna]

That mean can be vary but from I knew Bitcoin until now, I sold some in profit and buy back at a low. That gives me more amount of Bitcoin than before I sell. But I don't sell all of my Bitcoin, only some parts and enough for me to enjoy the profit and buy back. People have their reason selling their Bitcoin or still hodl but if that is for profit, I am sure they will takes their profit after hodling for few years especially those who don't have much Bitcoin but they accumulate it for few years ago.

[Z-tight]

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.”

I thought you started this thread to tell us what you now understand, your own discovery? Lol. How come you didn't do that, and then you end the topic by asking us the same question, when you could have put this all to bed. It would be great to get your view, don't you think so. So, op, why do bitcoiners say: never sell your BTC?

[ertil]

Why sell something that is gaining purchasing power

Because if you sell it, and buy some products or services, then you will benefit from it. But if you never sell, then you may die as a millionaire. Which means, that the only people, who will enjoy it, would be the ones who will inherit it later. Which is usually bad, especially if they put no effort into getting it, because many of them can lose it, just like many lottery winners did.

Money alone is not the goal, it is the way to reach some goals. If you focus only on having more money, without ever thinking, what do you want to buy, then you will never enjoy it.

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

No. If you replace Bitcoin with anything valuable, then it still wouldn't make much sense. Also note, that the market would be totally different, if everyone would never sell. To make a transaction, you always need a buyer and a seller. If you want to buy Bitcoin, then you need to find someone, willing to sell it.

you should never sell Bitcoin because its exchange rate would keep rising

It was historically true, but it doesn't have to always be the case. It was rising, because a lot of people put their time and effort, to make it happen. But when everyone would focus on taking profits, without thinking about improving the system, then the competitors would win. There are many dead altcoins, because their creators made a lot of bad decisions. However, as some people will start learning from past mistakes, new ideas will put more pressure on Bitcoin.

So, the exchange rate would keep rising, only as long as people would keep improving Bitcoin. Otherwise, it will hit some limits, and people will switch to something else. If all people in the world would start using on-chain Bitcoin today, here and now, the network would be stuck, and would process only whale transactions with the highest fees. Which means, that adoption is not everything, and some technical improvements are needed, otherwise the system will start collapsing, or centralizing.

And when it comes to centralization, it will bring us back to when we started. Big exchanges, and other custodians, will have a huge power over their users. Which means they could behave like banks, and process coins they don't have. And then, when they start collapsing, their users will become poor. Without scaling, some of them will be always screwed, which will also affect the price. And then, it wouldn't matter that much, how many dollars people would need to pay per coin, if they would have a choice between expensive first layer, or custodial second layers, and if daily usage would give them banking experience, more than P2P experience.

So, if you wonder, why the price was climbing so high, and then suddenly dropped, then this is also part of the answer: because there are some scaling limits, and when Bitcoin hits them, then it can collapse, or centralize. If developers will solve some of these problems, then the price will go up. But if they don't, then it will go down. Or it will scale through altcoins, which is also why Bitcoin Dominance charts can sometimes show you values below 50%.

[batang_bitcoin]

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

Each of us can have a different understanding with those phrases. Some might describe it as is and take it literally and that's fine. But I am balancing things out with how I hold and I am dealing with my personal life. We're not going to live forever so, never selling it means for me is to hold it for a very long time. But for how long depends on how long you want to hold it until you are profitable and happy to sell it at time. We have different timings of when we bought and when we'll sell. Even if we say to never sell, at some point of our lives it will come but don't sell all.

[Somegory]

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”?

Your situation
Your plans

They shouldn't be measured with others
Everyone is in different situations, including the ones that are not very good.

Sell your Bitcoin if you have to, there is no problem spending your Bitcoin, because in the end you aren't going to cross the earth into heaven holding those bags, enjoy your sweat and struggles while you still breaths.

Too much of everything is bad, some people save money all the days of their lives without enjoying, they passed on leaving that money behind, I have learnt the hardway too, make sure this world is all about yourself, always put yourself first.

[Powerjumboo]

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”?

The saying that I will never sell Bitcoin is not true because we cannot hold Bitcoin for the rest of our lives. Of course, we will have to sell Bitcoin, whether it is today or some day. Suppose I invest in Bitcoin, when I invest in Bitcoin, I will have a specific time set in my mind and I have also set it in my mind at what price I will sell it. If I set it in my mind and Bitcoin goes to my desired price, then I will definitely sell it and later I will think about whether I will buy it again.

[Marvelockg]

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

Every investor knows that at the right time, you're going to sell your bitcoin but the statement that suggest that an investor shouldn't sell his bitcoin always comes from a place of knowledge that tells that rushing to sell ones bitcoin because others are doing so will eventually lead to a loss of one's bitcoin.

The right way to put this is that an investor shouldn't sell his coin just because others are doing so. There are phases every investor finds himself. It's either he's at the accumulation stage or that he's at the stage where he balances things up for himself or he's at a stable stage where selling can actually take place. If you're at an accumulation phase, it's not advisable to start selling at that point. Untill you've reached your investment goal, selling shouldn't come to your mind and that's partly the reason why an investor might not talk so much about selling as long as he's still accumulating his bitcoin.

[ContentWriter]

Welll, I couldn't make sense of your post or sense of the logic behind "never sell your Bitcoin" because Bitcoin is supposed to be money - a store of value and a means of transferring value. Are you saying that someone who has a need to buy something shouldn't buy because what they're holding is Bitcoin just because it has the potential to increase in value? Well, never sell your bitcoins can only work if the hodler has no pressing need to sell. We can see that even Strategy, which has been accummulating for years has sold a portion of their Bitcoin holding, how much more would an individual sell if they have need trade their coins for money?