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.

[Asuspawer09]

The thing is there are Bitcoin believers, lets say diamond hands holder investors that is never going to sell there Bitcoin, I think this was simple as it is, Never sell your Bitcoin just means not selling it, But it just doesn't make sense right since you are investing and buying what is the point of that if you are not going to take profit at all, I have a friend like this before where he said that he would never sell his Bitcoin, and it is something that is going to be a heritage to his son or something like that. It is already a huge community of actual Bitcoin believers that is not going to sell whatever happens.

Still this was not something that we need to follow but in my experience, not selling is a good practice, and just wait to a much better price long term is a good move in my opinion, happened to me a lot, but for me the best strategy is selling small quantity when the market is up and circulating your money when the market is down, buying more volume.

[kawetsriyanto]

~~ because its exchange rate would keep rising.

Bitcoin doesn't always rise its price. There is the time that Bitcoin price tends to drop. It is in bearish season as we are experiencing now.

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, what is the point?
As far as I know, people must sell their Bitcoin if they are investing in Bitcoin. No investors will invest forever, they must have a certain target for taking profits. I'm sure no investment books which tell the readers to hold their assets forever.

Once the Bitcoiners said to not sell the Bitcoin, it means it isn't a proper time for selling. But when it is the right time for selling, I am sure they won't try to prevent us for selling Bitcoin. And you are the owner of your Bitcoin, you must decide it yourself. If it reaches your target, I think you shouldn't doubt to take profits.

[Chinesebaby]

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.

Yes, I agree with you about the importance of having an emergency fund, an how it could help you in ensuring you save your Bitcoin long term without selling it when you are in need of an emergency fund to be used to solve an important issue that may be bordering you. And sometimes, selling your Bitcoin is literally not a bad idea, inasmuch as you will buy it back later when you have the funds. Because one thing we need to understand about Bitcoin is that it's price value will always appreciate and depreciates with respect to demand and supply at the moment.