Never sell your Bitcoin.

[Rikafip]

So far we don't understand why Bitcoiners say, “Never sell your Bitcoin?” Your post doesn't explain anything.

I might be wrong here but I think that by "never sell your bitcoin," BitGoba meant that we shouldn't sell bitcoin as we usually do it for fiat, which is the inferior form of money, and from that point it doesn't make sense to exchange superior money for the inferior one.

Also, "never sell your bitcoin" doesn't mean that we shouldn't pay with bitcoin for the things we need.

[macson]

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

I think it's simply a matter of not selling your Bitcoin because its potential value could be higher in the future --- it's more of a piece of advice, I suppose. But the decision to sell or not is ultimately up to each individual. Some believe in holding on, while continuing to accumulate, as if building their wealth. But others sell when they've already made a profit.

It's all a personal decision whether you take that advice or not.

[Rustam Meraj]

I think it's simply a matter of not selling your Bitcoin because its potential value could be higher in the future --- it's more of a piece of advice, I suppose. But the decision to sell or not is ultimately up to each individual. Some believe in holding on, while continuing to accumulate, as if building their wealth. But others sell when they've already made a profit.

It's all a personal decision whether you take that advice or not.

It is great plan to save for the future by investing in bitcoin in my view, but I cant fault people who want to jump in the big penny stocks. I think it is huge success and not mistake for me if I take profit when I need to pay bills in real life, buy a house or handle any emergency with my family. Bitcoin is a tool to improve your real life at day end. Each person must respect the decision of whether or not they wish to remain invested for another 10 years or wish to enjoy fruits of their efforts now by leaving their investments.

[alastantiger]

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

To my understanding when people say never say your Bitcoin they are not literally meaning that you should not sell your Bitcoin at all because there is no one that can be in Bitcoin and then they won't sell their Bitcoin forever that's not possible but what I understand is that nobody should sell their Bitcoin under pressure from the market. When investing in Bitcoin you have to buy some disposable Bitcoin that you can sell later in the future for profit while you keep holding on to your main investment in Bitcoin. If you do like that then you won't exit the market completely but always have a portion of Bitcoin that you are holding for the future.

[Gentle_Soul]

When I read the topic initially didn't make sense to me but when I took out time to go through your post I was able to figure out the angel where you coming from, but from a distance the topic can be misleading in some way especially for one who does not have any knowledge about Bitcoin I mean why will someone buy and invest in Bitcoin and be told never to sell it sound to them like it's a lost investment since you are advised never to withdraw. The truth is it is honest advisable to hold your Bitcoin for a long time without withdrawing in a haste because when your hold for a longer time you tend to make more profit.

[AprilioMP]

Selling Bitcoin is neither wrong nor prohibited; it's a right everyone has. When I decided to sell my Bitcoin, I naturally considered my goals. The primary motive behind my decision to sell my Bitcoin was to make a profit. With the profit I made, I would wait for the price to return below the current selling price to acquire more Bitcoin.
If I sell and then don't put the money to good use in a place that can preserve the value of fiat currency, it's better not to. That's my understanding.

[Olotu20]

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.

I completely agree and reason in your direction, you don't expect that someone should never sell his Bitcoin holdings but continually accumulating it . Then what is the essence of investment in Bitcoin at the first place if I make ask. No matter how long an individual will hold his bitcoin one day the person is definitely going to sell , when the investor has reached his target. The most important thing to if you ask me when it comes to deciding to selling your Bitcoin should be what plans did you initially have before starting your investments. This is were target comes to play.

[JulBTCTalk]

I think it means don’t sell Bitcoin carelessly just to chase short-term gains or panic during dips. But in real life, people still have bills, emergencies, and responsibilities. So “never sell” is more of a mindset about valuing Bitcoin long term, not a rule everyone can follow perfectly. 

[TheUltraElite]

You can sell your coins if you want to.

It is just that it might be even bigger in fiat price a few years later than what it is today. But it is your money and you are free to spend it as and when you like. You might face an emergency and need to liquidate funds quickly, no harm in that.

Dont get yourself into some mental bind because someone said not to sell their coins. Understand the logic behind this statement and approach accordingly.

[Taskford]

You can sell your coins if you want to.

It is just that it might be even bigger in fiat price a few years later than what it is today. But it is your money and you are free to spend it as and when you like. You might face an emergency and need to liquidate funds quickly, no harm in that.

Dont get yourself into some mental bind because someone said not to sell their coins. Understand the logic behind this statement and approach accordingly.

There's nothing wrong for doing that because they are the one can decide to sell or not.

But if emergency situation came, well this can give good justification for their action to sell.

Since its good to pay attention first on important matter and they could just go back invest when they don't have issues in life. Maybe better ignore the pressure and always base their decision depends on their needs.

[Doan9269]

I've seen some people who don't sell their Bitcoin; instead, they look for liquidity in place of their holding and try to meet up with their demands, many platforms offer the same in asset management services that could prevent you from selling your Bitcoin if you have an emergency need. You can also get a quick loan to meet your needs within a shorter period of time.

And if you are not in a pressing need of demands, there is nothing bad for you to continue holding your coins until you are more profitable in it, bitcoin has been made available to everyone to have access to an invest and you can as well the saialso be informed to maximize your ability to make profits after your investment.

[Samlucky O]

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

I don't know any other meaning apart from don't sell your Bitcoin but hold for longer time before selling or hold for dear life. Many people will definitely have different meaning about this but I don't see much meaning in this. This slogan according some people mean that holding your Bitcoin for long will creat scarcity because when many guys have bought and stack Bitcoin to their portfolio, it will reduce the amount of bitcoin in the market thereby creating scarcity and Bitcoin will keep rising. This slogan for many years have help Bitcoin gain momentum.

[BlackBoss_]

I don't know any other meaning apart from don't sell your Bitcoin but hold for longer time before selling or hold for dear life. Many people will definitely have different meaning about this but I don't see much meaning in this. This slogan according some people mean that holding your Bitcoin for long will creat scarcity because when many guys have bought and stack Bitcoin to their portfolio, it will reduce the amount of bitcoin in the market thereby creating scarcity and Bitcoin will keep rising. This slogan for many years have help Bitcoin gain momentum.

It is more practical and helpful with advice like let's hold your bitcoin a long time for example 5 years, 6 years or 8 years to have profit. If you want better profit, let's hold your bitcoin a longer time. Generally you can sell your bitcoin, it's only matter of time when you sell it and how long have you hold your bitcoins before selling it.

I believe such above advice would be more helpful for Bitcoin investors and it's more realistic than "Never sell your bitcoin" which is non sense slogan. If people don't sell their bitcoins, they will not take profit and what will they get if they only have bitcoins while don't turn it to cash for use or sell part of their bitcoins for use.

[Orpichukwu]

Let's take Michael Saylor's part of that statement as an example. His company, which is MicroStrategy, and he used that phrase a lot, but when there was a need for them to cash out some money and use it to settle dividends, they took that part. That statement could be seen as a means of not selling your bitcoin because of how value is moving or dropping; decide to sell when you actually see the need to and not to hold it forever.

[Muba20]

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

To understand why it is advised not to sell Bitcoin, if we can only understand why we are using or buying Bitcoin, then we can easily understand why we should not sell it. Usually, if we think of Bitcoin as money, we do not get much excitement about it, but if we start considering it as an asset, then we will be able to easily understand its real value. Those who bought Bitcoin in the past and sold it for a profit of just a few dollars can easily understand how much they lost by selling Bitcoin. The main reason is that they are no longer able to buy the same amount of Bitcoin that they sold. Due to the limited supply of Bitcoin, it becomes more responsible over time, while other assets, especially those who hold fiat currency, lose value. Basically, long-term saving of Bitcoin is given more priority.

[Adams0001]

I think it's simply a matter of not selling your Bitcoin because its potential value could be higher in the future --- it's more of a piece of advice, I suppose. But the decision to sell or not is ultimately up to each individual. Some believe in holding on, while continuing to accumulate, as if building their wealth. But others sell when they've already made a profit.

It's all a personal decision whether you take that advice or not.

People that don’t sell there bitcoin they have not reach there targets that why they like to keep there coin, and that is nice idea but many people are scared to lose their capital that why they always sell easily and sometimes they fail everything. Bitcoin is for long term investment and when you don’t study it well you won’t understand anything about it so you just need to be wise and invest wisely and sell wisely and you need to have believe on it.

This title will consume some people when they hear never sell your bitcoin anyone that invest in bitcoin will surly sell there coin when they are satisfied because you can’t just invest in something that you will not sell what is that means, is not investment anymore. So we invest to get profit not to keep and when anyone achieve is goal the next step is to sell and enjoy the benefits.

[Sonia_123]

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”?

You never told us what you later discovered of never sell your bitcoin, because a lot of persons might have to the same understanding that you initially had.

I think one does not have to sell his Bitcoin untill he reaches his over accumulation stage in order to have a better store of value that will be more beneficial to him in future because if being sold along the line of accumulation, you might end up being forced to be a low or no coiner which will not be good at all, it would have better you never started holding.

Spending part of your holdings when you have reached your over accumulation stage is not a bad idea, but only makes your accumulation and holdings habit more stronger .

[Razmirraz]

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”?

Although “never sell your Bitcoin” is just one sentence, but it contains several meanings. For some investors, Bitcoin is seen as the best store of value compared to other assets or fiat currencies that are constantly being eroded by inflation. One of the reasons why this sentence appears is because exchanging Bitcoin for fiat money is considered a decrease in asset quality. They also have full confidence in the increasing value of Bitcoin in the long term, which logically makes sense considering that there are only 21 million units available. So, “Don’t sell” is good advice for most investors because the rarer Bitcoins are, the more valuable they become.

If a large number of retail and institutional investors are united in not selling their Bitcoin, then the stock in the market will be thin, when there are fewer sell orders, the price will very easily increase when someone buys. In my opinion, the message "never sell your Bitcoin" is also the best weapon or strategy in Bitcoin investment, while those who are the most reluctant to HODL don't necessarily mean they don't believe in Bitcoin's growth, but rather that they need the money most today. This is the reason why investors must separate money allocated for investing and money for emergencies.

[abaeze]

The slogan you are talking about has a very broad meaning, but it is not a complete strategy for investing in Bitcoin. While it is initially said to encourage new investors to continue accumulating Bitcoin and holding Bitcoin, it does not mean that you have to hold Bitcoin for life or leave it for the next generation without using it yourself.

To me, the meaning is very clear, that is, not selling it in a hurry for short-term profit, but holding it for a planned period of time, i.e. four to ten years, and selling it at a profit. However, this must be done with an investment mindset because buying and selling immediately is basically a trading mindset.

[RealNoblee]

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.

My view here is that, this statement i" Never Sell Your Bitcoin " is a hyperbolic statement, which means, it's an exaggeration.
Even if someone decides to accumulate Bitcoin as asset or a store of value for life. I believe Bitcoin will not be accumulated as a store of value just for for holding sake or for decoration. But for value which comes when it's sold.

Two men holding Bitcoin with the intension of not selling despite what.
They later had a change of mind to sell when Bitcoin rose to $115,000 in 2024 but one withdrew and regretted he did.

I think "Never Sell Your Bitcoin" should be from what season to what season.