Never sell your Bitcoin.

[Luzin]

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

There are many meanings we can understand behind the phrase 'don't sell.' Holders believe that Bitcoin will continue to have value that keeps increasing indefinitely. So they argue that the longer you hold, the more beneficial value you will get. Behind those words, they might be trying to guide opinions. When no one sells, the market becomes scarcer and prices rise. But strong holders are usually people who have extra money. I am sure that those trying to increase their income through crypto will find it very difficult to hold onto their Bitcoin if they really need fiat money.

[SamReomo]

Well, it's a good practice to not sell your Bitcoin and increase your holdings overtime but at some point everyone has to take some steps and sell some of their Bitcoin. I personally, have two setups where in one setup I accumulate Bitcoin and have thought to hold that Bitcoin for a decade or two and in second setup, I buy Bitcoin when market gets intense dips and wait for the market to go up once again and when market goes up I sell the bought Bitcoin of second setup. That way I can make profit in present times and at the same time increase my Bitcoin holdings that I'm keeping for long term. I'm not someone with huge holdings but I believe if things go well then in 2028-2030 my holdings should grow to some good levels.

[legiteum]

It's what billionaire BTC whales say--and pay people to say--in order to keep the price of their bags high so they can slowly convert their BTC to real-world assets like homes and cars and land and stock in companies and stuff.

It's what Michael Saylor used to say, over and over again--until last week . It's what Donald Trump used to say as well.

Things become much more clear if you understand Bitcoin as a gigantic pump-and-dump scheme driven by billionaires trying to turn themselves into decabillionaires.

[Cryptomultiplier]

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

There are many meanings we can understand behind the phrase 'don't sell.' Holders believe that Bitcoin will continue to have value that keeps increasing indefinitely. So they argue that the longer you hold, the more beneficial value you will get. Behind those words, they might be trying to guide opinions. When no one sells, the market becomes scarcer and prices rise. But strong holders are usually people who have extra money. I am sure that those trying to increase their income through crypto will find it very difficult to hold onto their Bitcoin if they really need fiat money.

Bitcoin is an apex asset that is capped at 21 million and so far about $20 million has been acquired left for about $1 million to be owned and mined, so it makes sense to hold as a retail investor who doesn't have large pocket to invest in ETF.
It makes sense to use Bitcoin as a collateral to get loans in fiat of which is a depreciating asset because it won't be taxed and as we know how inflation eats up fiat currency, holding digital gold of value makes you attain a certain wealth level in the next decade that fiat can't be measured with because of its depreciating value.

So selling your digital gold asset that is scarce and unprintable for a fiat currency that can be printed at ease doesn't make much sense if ones intention is to hold Bitcoin and then spend it anyhow when you feel like you have enough and need more money to settle some trivial bills or to buy luxury items.

[HMb1996]

The statement  don't sell your Bitcoin if often being misinterpreted by most Bitcoiners.
Selling off your Bitcoin depends on the bitcoiners financial aims and objectives.
If  the value increases drastically and the Bitcoiner believes selling it off would meet a certain financial gain,
Then its worthy to be sold.

[Chinesebaby]

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”?

For me, what I understand about the phrase “Never sell your Bitcoin” is the fact that Bitcoin has potential to skyrocket and increase in price value more than what it is today. Because if we are to categorically analyze the scenarios where people rush to sell their Bitcoin is when it's price value start falling, just exactly like we are experiencing now, seeing Bitcoin fall from $78,000 per BTC last few weeks ago and now it's value is currently $68,000 per BTC. Implying that Bitcoin have just fallen by a minus of $10,000. And sometimes, it is situation like this that usually triggers people into selling their Bitcoin too, forgetting the fact that Bitcoin is a very volatile digital currency whose value fluctuates.

Secondly, Bitcoin is one asset that is mostly considered the digital gold, of which most people believe it is that asset that make them higher profits in the future, far better than keeping the same funds in our traditional banks for long term investment. And because of that, thats one reason why they don't always want to sell it.

[Awaklara]

I think the purpose still relates to investing. But that doesn't mean we won't sell our Bitcoin. We know the price will continue to rise. However, sometimes we feel satisfied with the target price that has been reached and sell it. Regret later on will surely exist, but everything can be minimized with our strategy by selling some and still holding onto the rest. Do not sell Bitcoin at a low price. 

After all, the purpose of investing is still to make a profit, unless there is another purpose for using Bitcoin.

[m2017]

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

To be honest, I still don't understand it.

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.

Please share your "understanding", because we here are simple people and understand absolutely nothing about the Austrian School of Economics.

That is when I finally understood why Bitcoiners say: “Never sell your Bitcoin.”

Please clarify what exactly you understood. If you quote "Never sell your Bitcoin" in every paragraph, it won't make things any clearer to us.

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

I don't understand this at all. Because what's the point of endlessly holding (keeping value frozen because you don't use it to improve your life) resources if they'll never be used for good (for yourself, your family, society - choose whichever you prefer).

Leaving aside the fact that bitcoin is no longer electronic digital money and is used as an investment tool, what's the purpose of any investment? Profit, of course. But how will you make a profit if you have "Never sell your Bitcoin"?

Eternal hodling for the sake of hodling? What's the point? Limiting your current level of consumption just to avoid reaping the benefits later? It's pointless.

Okay, hodlonauts. What will happen to the bitcoin-network if everyone starts holding? Imagine a world (let's fantasize a bit) where not a single transaction occurs because everyone holds? Then what's the point of bitcoin anyway? Is this what the Founder intended? This will be a dead network.

[Bastketsrus]

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?

Exactly. "Never sell" sounds good in theory, but real life doesn't work that way. If you need the money for something important, there's nothing wrong with selling some of your Bitcoin.

[Dewali]

As a newbie whos new to game of bitcoin and also as someone who has little experience when it comes forex trading I will say it's good idea to hold to bitcoin base on the belief that bitcoin may increase with value over time and it also act as store of value like gold.
    
        It better to take partial profit rather to sell everything when emotions comes Or to hold forever it starts making a lot profit before regretting when it falling due to it volatile nature

[She shining]

I own some Bitcoin. I believe in Bitcoin. I should be a Bitcoiner and I don't state never sell your Bitcoin. You sell when you need to and there's no fiat to make use of.

[uchegod-21]

No matter how long you hodl your bitcoins, one day you are going to sell them. The real benefit you get from hodling is when you sell your bitcoins and earn a significant amount of profit or returns. It is not just by seeing the value on your wallet.

The warning about never selling your bitcoins is not literally about never selling them; rather, it is a warning to investors never to sell in panic. Every investor has his or her own investment goals, and it is good for investors to stick to their investment plans. Sometimes people misinterpret it to mean "don't sell no matter what; the longer you hodl, the more value will keep adding." That is not true. It is quite misleading and is often influenced by greed.

This has been my understanding of the phrase "never sell your bitcoins." I am open to reading a contrary opinion on this.

[Finestream]

Selling is certainly the main goal so that we can enjoy the profits as well, however when we say ''never sell your bitcoin'' it only means never sell it when the market isn't completely bullish or when the price has not reached yet its all time high, or it could be never sell your bitcoin but just a portion of it and leave the rest for future hodling.

One thing I know, we will definitely end up selling our bitcoin, maybe not now but definitely when retirement comes so that we can still maximize its potential profits and only sell when its highly needed to sell.

[Die_empty]

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

These terms could mean different things to different people. At least you could have provided your own definition of the concept. There is no way you wouldn't sell your coin and keep it forever. This could make sense if you want to keep it for your dependent as an inheritance. For me, this concept means that you should hodl your coin no matter what happens. It is keeping your coin until it gets to your planned or projected time, regardless of the FUD. It means we should be long-term hodlers rather than being chickenhearted because of FUD.

[AGogi2003]

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.

Everyone get to investment as a target you can’t just invest without setting your target because without it you won’t know what you’re doing and bitcoin is not something that everyone can just rush on and think you will be profitable easily. What I really understood about never sell your bitcoin is referring too like you should not sell your bitcoin investment when you’ve not get the benefit of it, because they have some that sell there coin in a lose because they are scared to lose everything. But when you have the knowledge and experience you will definitely be patient and wait for your target before taking decisions.

[ColdLava40]

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

Never seems like a long line of uncertainty, don't you think?

I will say don't sell your Bitcoins out of panic. If we go by the word never, how then should investors make profits from their Bitcoin investments? Don't forget that while we are on the motion to hodl your Bitcoin ps, it doesn't mean you cannot sell.

You just need to know the right time to sell and right now is not. Many people might get too emotional and panic because of how the market has been crumbling, they will want to sell but don't be too naive to.

Institutions selling, they are just trying to pull the legs of many. They sell, people panic, the market dumps and gets to a lower price. they use the money they got from selling and buy back with even more Capital.

[BABY SHOES]

I don't understand “never sell your bitcoins” and you say it's not because the exchange rate is increasing... so what's the point? Does it mean that bitcoiners continue to hold all the time because bitcoin is free to use not to take advantage?

Will not hold for as long as possible, because we need profits for our needs in the future, yeah now the price is going down so it's right not to sell your bitcoin now but when the price is high more than 2-3x who is not tempted by that profit? I just think realistically.

[aoluain]

That phrase was coined AFAIK by Michael Saylor as part of his "21 RULES OF BITCOIN" which he
presented at a conference in BTC Prague 2024 > https://www.youtube.com/watch?v=1PkMFIa7rmQ

But its just a saying, or a slogan - kind of like HODL ^{Hold On for Dear Life} but in the real world
it is just not the case, Bitcoin _{not all of it obviously}gets moved around all the time

Of course there are no rules to anyone having Bitcoin other than you need to pay a fee to transfer
it to a different location, other than that its yours, you can do what you like with it.

[Obim34]

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

The phrase can mean, don't sell your Bitcoin cheap and below what you bought, in summary don't sell during weak moments.

There is always a time of entry and seasons when it is best to take profits. I can't hold my Bitcoin forever, someday i will have to sell for profits, the phrase doesn't really exist, as every investor has their exit point.

[FirmWars]

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

I was expecting that you will first of, tell us what you finally understood by the statement before you would have then ask what other actually thought about it, you sounded as if there is something so different from the general meaning of "never sell your Bitcoin" The only meaning of that statement is that you should not sell your coins because the value is definitely going to Increase in the future. If maybe someone has financial challenges and then they have Bitcoin that is already in a big profit on their portfolio, you don't expect the statement to stop them from selling. By the way, I think the statement should be modified to "never sell your Bitcoin cheap" Because that's much better than telling someone never to sell their Bitcoin.