Never sell your Bitcoin.

[Queen uloma]

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.

You are right, this phrase never sell your bitcoin can easily confuse people if it’s not well explained. So it doesn’t really make sense because the reason why we are investing and accumulating bitcoin today, is not just to accumulate it forever. reason been that, at some point you need your wealth to improve your life, support your family,  fund your goals or solve some financial problems. So the best phrase to use is don’t sell your bitcoin carelessly, or Don’t rush to sell your bitcoin because of short term profit, all investments has different stages. First you  need to learn and accumulate bitcoin. As your holdings grow, the next stage is to protect and manage your portfolio. The last stage is where you withdraw bitcoin or you draft your spending plan on how your money will be used. So at the end of everything your wealth should be able to save you not the other way round. Holding your bitcoin for long can be a wise decision, but having a clear plan on how you are going to use that wealth is very important.

[Onyeeze]

Everyone have their own understanding for what a bitcoiner means by not to sell your Bitcoin, you know the reason why some people does not value selling their Bitcoin British because they know that Bitcoin that you sell today in future it may mean something important so that is why even trading of your bitcoin, is very difficult to people so I don't blame anyone go understand that bitcoin is very important and also valuable in future, but if you don't understand the values of Bitcoin you may decide to sell off your Bitcoin at a low value but in future you will understand what it means by not selling all your bitcoins

[Cookdata]

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”?

Never sell your Bitcoin means different thing to different people, the main context of it is don't sell your Bitcoin for quick profit when there is increased in price or when the price decrease. Look at the sentiments of the market from first of June, people said Strategy sold some Bitcoin, 32 out of 800k they have on their wallet and because of this action, some people have dump their coin thinking that he is going to sell and what he has been saying so far was lie.

Here is what I can say regarding buying Bitcoin because of influence of another person; if you are buying Bitcoin because Strategy or one institutional investors are telling you they will never sell, kindly disregard it, the statement can be true and can be lie, that's their opinion. Your purpose of buying Bitcoin should be yours and not be because of what another person is doing, if you are even going to take another person as motivation it should be Satoshi and not what investors think when they have billions of dollars at stake.

[Mame89]

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”?

In my opinion, the only person who has never sold Bitcoin is Satoshi. Besides everyone who holds Bitcoin certainly has their own targets and goals. Even Saylor who always said he'd never sell Bitcoin broke his promise a few days ago by saying he'd never sell Bitcoin, but now he's selling 32 BTC, which is causing the current market turmoil.

I mean, it's impossible for Bitcoin to just sit in a wallet and never sell it. Because in my opinion if Bitcoin just remains a number in a wallet that's never touched in a lifetime it's akin to buying gold burying it in the backyard and never digging it up again.

For me the reason the phrase "Never sell your Bitcoin" is always glorified is because it's a form of advice and is very effective in combating FUD and emotional impulses. Many people sell Bitcoin in panic only to regret it when Bitcoin rises again. The HODL mindset helps ordinary people survive bear markets but again every investor has their own goals in investing.

[Stormisover]

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.

Am most concerned about selling it cheap or selling over little profits, if my buying Bitcoin is for selling it over little profits whenever i see one then is better that i never bought bitcoin, people can sell at their own choices though and while on the other hand the phrase people saying that never sell your Bitcoin goes a long side to say that Bitcoin is a valuable asset that has the potential of serving as a store of value for a generational wealth, of course anyone can do whatever they want with their Bitcoin holding which should not include selling cheaper which is enough to say never sell your Bitcoin.

[Jegileman]

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

Hearing that and for the time being I’ve been part of the Bitcoin space, what I assume from that word is that, you should never sell all your bitcoins, as long as you still have believe in the technology. The idea of selling all your bitcoin in your portfolio is never a good idea, you can take partials and also invest more when opportunities arises, but selling and liquidating your portfolio is not the best of approach one should use when it comes to bitcoin investment. Others may have different view as to what that word means, but I think it’ll all revolve around similar concept and portraying same meaning.

[Faisal2202]

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

I was hoping you were going to tell us something that we have never heard before, something you learned from meetups and from reading books that I have not read. But you mentioned nothing. Could you share with us what exactly you mean by never sell your Bitcoin haha.

Because I can think of two things. One is to never sell it for your expenses. Instead, make it a passive source of income for yourself by investing enough that even after selling some portion of it to fulfill your expenses, your actual holdings will not be affected. I guess Ertil has learned something from your post that we have not.

[red4slash]

The meaning may be viewed differently because if someone says that never sell bitcoin then it means that there are 2 connotations in this case where never sell bitcoin ownership at any time or do not sell when it is not time to sell and when it is a loss.

I personally prefer to interpret this into the second concept because I would lie if I didn't want to feel the benefits of the investment I made but that doesn't mean I will sell it when it profits a few percent especially now that the focus is still in the buying stage not selling so I will release some of my ownership if the time has come but for now it's not time for me to sell.
Being in bitcoin is great for hedging but I also want to feel my old age going well in terms of enjoying life and I obviously expect a lot of bitcoin later so my focus now is still in the buying stage not selling.