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.

[BlockLegend666]

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.

An emergency fund serves as a safeguard against sudden disruptions to investment decisions. When urgent needs arise, using available funds is often better than going into debt or postponing solutions. The idea that Bitcoin can be repurchased once financial conditions improve is also quite plausible. However, it's important to remember that Bitcoin prices don't always move as expected. There's a chance the price will rise when you try to repurchase, or it could fall further. Therefore, maintaining a balance between investments and daily living expenses is a safer bet than relying too heavily on a single asset.

[MinoRaiola]

Basically anyone can say that, even Michael Saylor said it but didnt do it. Donald Trump said it too, but you cant trust anything he says. So anyone can say that, whether they own Bitcoin or not. The goal is maybe to support the community, to convince more people that Bitcoin is better than fiat currency. Who wants to convince anyone not to sell fiat money?  The fact that the price goes up as more people join in would also a goal i think.

[TheUltraElite]

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.

No investor has ever done that either. Those who bought bitcoin at 3-digit prices sold when it reached 4-digit price in USD. Everyone is looking to make their money back, there is no harm in it.

Of course we want the price we sell at to be huge and that can be somewhat seen if the prices keep on rising and that will happen if buying is continuously happening as well.

Eventually the money is yours to own and hence the choice to buy or sell if yours whatever someone outside says something.

[Decimetre]

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.

No investor has ever done that either. Those who bought bitcoin at 3-digit prices sold when it reached 4-digit price in USD. Everyone is looking to make their money back, there is no harm in it.

Of course we want the price we sell at to be huge and that can be somewhat seen if the prices keep on rising and that will happen if buying is continuously happening as well.

Eventually the money is yours to own and hence the choice to buy or sell if yours whatever someone outside says something.

The goal of everyone in bitcoin is to make profit and I tend to understand why you think that everyone who bought bitcoin at 3-digits all sold out their bitcoin at 4-digit price. This may not be entirely true since there are folks who may have wished to sell but wasn't following the market trend nor watching the chart. Most people that bought bitcoin at the ground level forgot their investments until many years back when they realised that bitcoin was truly an asset. Most people like that woke up when bitcoin has shown its potentials and they decided to hold further and further.

A few percentage of the early birds too may have decided to hold their bitcoin little further to see how it unfolds. There are many born risk takers and such people don't easily give up on their hope neither will they give up on bitcoin back then.

Never sell your bitcoin" may just mean what it means for some bitcoin fanatics who believes that the future is better always. They believe that as long as they live, their target maybe selling at 80 years or even beyond because they also don't want to miss any opportunities. Everybody has the right to treat his investment in his own way, and same with the time frame through which they hold.

[WatChe]

No investor has ever done that either. Those who bought bitcoin at 3-digit prices sold when it reached 4-digit price in USD. Everyone is looking to make their money back, there is no harm in it.

Of course we want the price we sell at to be huge and that can be somewhat seen if the prices keep on rising and that will happen if buying is continuously happening as well.

Eventually the money is yours to own and hence the choice to buy or sell if yours whatever someone outside says something.

There are very few cases where people who bought Bitcoin at initial days hodl it for next 15 years and selling now. Majority of people keep buying and selling whenever they see desired profit or they are in need of money. Bitcoin is great digital asset and will no doubt give you good return if you hodl it for long duration like five years or more. But there is no harm in selling Bitcoin if you are in need of money and you think you are getting good profit because the core point of every investment is to get profit which can help us in improving our financial status.

[Silikiem]

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.

Selling and reinvesting again after some period of time is more likened to trader’s operations. There’s every possibility that after you made some sells and then you want to buy back the price of bitcoin might be more higher than what you probably sold, except you are going to wait until the price goes down before making a purchase which is a traders mindset and bitcoin is highly volatile that you can’t tell when the price will go down to your desired price so you can buy. That’s why as a long term investor the best approach is to accumulate consistently with the DCA method and set an accumulation target and then reached the target or Perhaps over accumulation target, and then hold for years. The least you could do in this situation after holding for years and you noticed you’re in some kind of a good profit then you can just take out your profit without getting to sell off your bitcoin holdings entirely.

[MarjorieZimmermanGinger]

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.”

When you don't explain in detail why you shouldn't sell Bitcoin, some wild assumptions arise regarding the discussion. For example, the reason most people end up selling some of their Bitcoin is because they need the money. This is the basis of the wild assumption I want to convey and it occurs entirely due to a lack of proper financial management planning which ultimately forces us to sell Bitcoin. When this happens, we need to create a sound investment plan and not neglect other life necessities.

That's why it's unwise to invest all the money we earn from work because sometimes without proper financial management, it can cause problems down the road. I used to think the same way and invested all my money, but that approach was wrong because I was forced to sell Bitcoin when I needed the money and the price of Bitcoin was below the purchase price. This is a mistake that needs to be corrected because otherwise, our investments will never grow in the future.