Never sell your Bitcoin.

[Mr.leeemzy]

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”?

How will you alter that statement that someone should never sell his or her Bitcoins without bringIng a tangible reference or the reason why you said so, normally Bitcoin is a investment that is been invested for future use or used for business purposes and also be considered as a bank to keep or safe your finance but you saying that no one should ever sell his or Bitcoin is not the case because what is the essence of saving money when you are hungry, this means that what is the essence of not selling your Bitcoin when you are in need of finance or you are in a financial hardships, what you ought to have said is to advice people who want to safe their finance for future use to invest in Bitcoin not to say no one should never sell his or her Bitcoins..

[MarjorieZimmermanGinger]

For the long term holders, there's no need to panic because we know what will happen in the future every cycle. And this year is for the bear market which we're already half of the year. A half more and this is done. So to the ones who are accumulating, there's still a lot of time for the next cycle and we all know when it will likely come. While we see the opportunity at this time, those who complain don't really have a plan don't they?

That's why it's important to understand Bitcoin's trajectory so that a downturn doesn't lead to panic, which could have fatal consequences for their assets. When someone understands Bitcoin's trajectory and the uncertain and consistently bearish market conditions, there are actions they can take, such as trying to make several buying moves using various strategies. This can be achieved if an investor understands Bitcoin's trajectory, as they won't be distracted by the decline in Bitcoin over a certain period.

This is also why long-term investing is far more profitable, as people don't need to think about Bitcoin's short-term trajectory because what we expect is long-term asset growth with the strategies we implement in gradual accumulation. When we see an opportunity, the decline that occurs should be an opportunity to achieve a much better investment and this opportunity is always available to those who understand the journey of Bitcoin.

[Peanutswar]

For me you can sell your bitcoin any time you wanted. All you need is to have an idea when to sell your bitcoin and until when you will hold your bitcoin. If you are a scalper who wanted to get ride every time. But this is the question first you need to ask to yourself. Why you buy your bitcoin? is this only for short term investment that you will quick flip once you get profitable or are you going to a long term reason for hodling the price of the bitcoin no matter what happen with the current market price.

If you have a plan you dont need to get panic sold most of your bitcoin its normal that the price goes down because it came from a very long way before it skyrocket like we've seen previously.  Never sell your bitcoin if you trust, plot, analyze and understand how bitcoin works.

[Hewlet]

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 saying that no one should ever sell his or Bitcoin is not the case because what is the essence of saving money when you are hungry, this means that what is the essence of not selling your Bitcoin when you are in need of finance or you are in a financial hardships, what you ought to have said is to advice people who want to safe their finance for future use to invest in Bitcoin not to say no one should never sell his or her Bitcoins..

you don't invest in bitcoin and sell it just because you need money to feed yourself or because facing a minor challenge. this is the different between the kind of bitcoin investors that makes his well from their investment and others that rarely benefits because they are always too quick to sell their asset.

If while investing in bitcoin you have things like emergency fund in place and that you are only investing with an amount you can afford to loose, there is no way feeding yourself will be the reason to sell your asset because doing so will only means that you are selling at a loss. the phrase "Never sell your bitcoin" is not entirely true or to put it the right way, it is not true. you can sell your bitcoin but you do that when there is a need to and particularly at the right time. bitcoin is a volatile asset and selling it anyhow will in most instance means that you are selling at a loss.

[Livingleged]

you don't invest in bitcoin and sell it just because you need money to feed yourself or because facing a minor challenge. this is the different between the kind of bitcoin investors that makes his well from their investment and others that rarely benefits because they are always too quick to sell their asset.

If while investing in bitcoin you have things like emergency fund in place and that you are only investing with an amount you can afford to loose, there is no way feeding yourself will be the reason to sell your asset because doing so will only means that you are selling at a loss. the phrase "Never sell your bitcoin" is not entirely true or to put it the right way, it is not true. you can sell your bitcoin but you do that when there is a need to and particularly at the right time. bitcoin is a volatile asset and selling it anyhow will in most instance means that you are selling at a loss.

Exactly  my point  too I understand  where OP was coming  from which  I don't dispute  the idea he's getting  on. but what I was against  was the phrase  "Never" sell your bitcoin. Because  if that is not properly  consumed  it can be misleading. We all know investors  usually  invest  in bitcoin  with discretionary  income and thay plan to store the bitcoin  for a long time but at the end there is also plan for withdrawal,  except  that the bitcoin  accumulation  is a form of inheritance  plan  then never selling  it may be right, but most of investors  are looking  at building  wealth in the future. Which selling  now may affect  the plan. Hence, holding  of for a long time is the best way  to go about it.

[ImGenius]

I think never sell your Bitcoin sounds compelling because we can't hold Bitcoin forever when the value is high enough we have to sell it. If we hold forever there is no benifits. If Bitcoin truly become  like money we have to use it for spending and exchanging the real question isn't wether to sell but when exchanging Bitcoin give more value than holding.

[HONDACD125]

I think never sell your Bitcoin sounds compelling because we can't hold Bitcoin forever when the value is high enough we have to sell it. If we hold forever there is no benifits. If Bitcoin truly become  like money we have to use it for spending and exchanging the real question isn't wether to sell but when exchanging Bitcoin give more value than holding.

The term "never sell your bitcoins" is mainly an expression used to say that a person should have strong hands and be patient enough to keep holding through hard times. It's obviously not possible for anyone to hold their bitcoins forever, and it would also make no sense for anyone to make an investment and then keep holding it forever without taking profits, because whenever a person makes an investment, they will have a goal to achieve with it, a target that they will wait to hit, and once that target is hit, they are surely going to sell because if you don't do that and get greedy, it might not end well for you.

I myself don't even believe in holding for too long because people also say that they should hold forever, which means they want to say that you should hold for at least a decade or so to get the best results, but I don't really agree with that because I believe one can accumulate more profits if they keep buying and selling in every cycle like they buy in the bear market and sell during the bull run and repeat the process. This is going to get them some profits in every cycle and they keep buying back.

You will surely not get the same buying price in every cycle, but that shouldn't be a problem if we are taking profit in every cycle and buying again.

[Alonso_]

Selling my bitcoin would be absolutely bullshit right now, because I haven’t gotten to my stage of overaccumulation that I will have to start thinking about buying more bitcoin instead of selling, there are people who have been buying bitcoin for a very long time and I feel they must have gotten to over accumulation then they can sell some part of their bitcoin, but personally right now I’m still in my accumulation stages so I would still prefer a situation where I will have to keep buy and accumulating my bitcoin for a long term purpose.

[Youngrebel]

Selling my bitcoin would be absolutely bullshit right now, because I haven’t gotten to my stage of overaccumulation that I will have to start thinking about buying more bitcoin instead of selling, there are people who have been buying bitcoin for a very long time and I feel they must have gotten to over accumulation then they can sell some part of their bitcoin, but personally right now I’m still in my accumulation stages so I would still prefer a situation where I will have to keep buy and accumulating my bitcoin for a long term purpose.

Everyone has different strategy and it actually depends on how much Bitcoin they already hold, some early bitcoin investors may choose to take profits because they have invested enough over past years, while others continue to hold because they are just starting.

[Somto9Light]

Everyone has different strategy and it actually depends on how much Bitcoin they already hold, some early bitcoin investors may choose to take profits because they have invested enough over past years, while others continue to hold because they are just starting.

You are right, people have their own way of holding Bitcoin, as doing what its best for anyone is important, some keep holding because they just start as you said, while some don't, as they have been holding for long and wants to have their profits to sort out some bills and that is not a bad step either. The only thing that is wrong is when one is coping someone else without any verification, as it might make them to lose everything including their capital, that's why its better for one to do what they know best for their own good.

[Tungbulu]

Exactly  my point  too I understand  where OP was coming  from which  I don't dispute  the idea he's getting  on. but what I was against  was the phrase  "Never" sell your bitcoin. Because  if that is not properly  consumed  it can be misleading. We all know investors  usually  invest  in bitcoin  with discretionary  income and thay plan to store the bitcoin  for a long time but at the end there is also plan for withdrawal,  except  that the bitcoin  accumulation  is a form of inheritance  plan  then never selling  it may be right, but most of investors  are looking  at building  wealth in the future. Which selling  now may affect  the plan. Hence, holding  of for a long time is the best way  to go about it.

This was in fact my first thought when I bumped into this topic’s subject. I perceived the OP may be pointing towards something else but the subject of the thread isn’t actually doing much justice to whatever message he’s intending to pass because most people might interpret it literally. And then the question would arise, why then would someone spend years accumulating bitcoin without the intention of selling one day, even after reaching a state of overaccumulation. I get what you’re trying to say.

[kawetsriyanto]

If the action of taking profit from Bitcoin investors have harms on Bitcoin market and Bitcoin growth, Bitcoin would have not achieved any growth and should have been died earlier. Because without taking profit motivation, there is no reason for people to invest their money in Bitcoin over many years so far.

You're right. The motivation of gaining certain profits is the big trigger to keep people investing in Bitcoin. Without this motivation, Bitcoin won't be growing quickly and very massive as today. However, it doesn't mean Bitcoin will be died soon if it never becomes a digital asset. People may still support it because it has an interesting offer as a more effective transaction tool for the future life.

Investing with money we can afford to lose, and by that we can feel comfortable with both long term holding and any profit taking action if it's right time of us to take profit. Depends on how an investor feel good about the price, the ROI of their investment, and need of money for taking profit, they can do it freely and comfortably.

This is the fundamental thing in crypto investment. We must always use the money that we afford to lose. It is because crypto investment is high risk, including the investment in Bitcoin. Moreover if we hold for quite long time, investing with safe money will reduce the pressure. We know we must deal with too many FUDs in crypto.

There is no consensus and prohibition against taking profit action from investors in this market, and in fact it is a biggest motivation to hook newbies joining this market, turning them to Bitcoiners, and even Bitcoin maximalists after a quite considerable time and enough experience in this market.

Exactly. It doesn't make sense if we shouldn't take profits after holding for a long time. Yes, for many people, profits is their biggest motivation. Even, some people are trying to improve their financial level by investing in Bitcoin.

[Popkon6]

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”?

Bitcoin will only continue to increase in value in the future and it will not be easy to get it at a low price. In the current position, Bitcoin will not remain at this price in the future, because the current situation is touching from 125k dollars to 63k dollars. This price was not in the past, it was a very cheap price in the past, so the price of Bitcoin has improved step by step from the past, so it will improve more in the future, so the current price is cheap, buy Bitcoin and hold it.
Hold Bitcoin for a long time and get the maximum benefit, this is the best opportunity to invest.

[Luke3bird]

Bitcoin will only continue to increase in value in the future and it will not be easy to get it at a low price. In the current position, Bitcoin will not remain at this price in the future, because the current situation is touching from 125k dollars to 63k dollars. This price was not in the past, it was a very cheap price in the past, so the price of Bitcoin has improved step by step from the past, so it will improve more in the future, so the current price is cheap, buy Bitcoin and hold it.
Hold Bitcoin for a long time and get the maximum benefit, this is the best opportunity to invest.

One of biggest and most common FUDs against Bitcoin is "Bitcoin has no intrinsic value" while it has and newbies must learn and debunk this FUD so that their investment journeys with Bitcoin will become smoother and more comfortably.

The bullish case for Bitcoin.
Bitcoin’s Fundamental Value is That it is The Most Excellent Money That Exists.
An (Institutional) Investor’s Take on Cryptoassets.
7 misconceptions about Bitcoin.
A critique: Bitcoin has no intrinsic value.
How do we know that Bitcoin is not a bubble.

[Zigabel]

I have been reading quite a number of replies here on this thread and k cannot say exactly if I have understood the phrase "Never sell your Bitcoin " in literal interpretation, it's vague and isn't realistic enough to be applicable. If the statement isn't completed or there's no actual explanation and reason for which the statement has been made then it doesn't deserve any consideration for taughts.

It can be Imperative to mean that you shouldn't sell off too quickly, don't fall for FOMO, so go ahead and DYOR so you make the most of the opportunities the asset in which you are invested has made open to you. Never selling your Bitcoin make no sense and adds no value to you because since it cannot be translated into useful asset for your benefit, then the value thereof stands as no value to you.

[Dunamisx]

No matter how you have been holding for long, because you will still discover that a time is coming you we have to sell and this must be in profit, because you already hold for a while and must be profitable with it, so that after we sell we can still find a better position to take and buy in other to continue with our holding, because bitcoin is not a one-time opportunity, continue investing keep making our profits in it.

[coupable]

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

I thought it is clear the sense of this statement which means hold your bitcoins as much as possible because its price will keep in expanantial growth. But lately it seems that the meaning might be somehow misleading. The story started when accusing Saylor the CEO of Microstrategy company that he lied when he adviced one day not to sell bitcoin ever, then few days ago sold 32 bitcoins causing the market to enter a dip season.

"Never sell your Bitcoin" is an incomplete sentence because it is impossible to benefit from bitcoin in real life use without selling it at some stages. The abstract meaning is somewhat misleading because it lacks plausibility. But the technical meaning is clear to those who can understand it.

[Achalugo BTC]

No matter how you have been holding for long, because you will still discover that a time is coming you we have to sell and this must be in profit, because you already hold for a while and must be profitable with it, so that after we sell we can still find a better position to take and buy in other to continue with our holding, because bitcoin is not a one-time opportunity, continue investing keep making our profits in it.

Exactly, there is no ending point in Bitcoin investment, expect one wishes to stop or quit investing but if they don't, they can still go on and go on and keep accumulating and holding bitcoin. Of course, a day will surely come that one needs to sell to also have their own profits, if they have hold so long like you said and this is one of the most beneficial aspect that one is investing in Bitcoin. As this kind of mindset keep motivated or encouraging why they still need to hold.

[Iranus]

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”?

Bitcoin will only continue to increase in value in the future and it will not be easy to get it at a low price. In the current position, Bitcoin will not remain at this price in the future, because the current situation is touching from 125k dollars to 63k dollars. This price was not in the past, it was a very cheap price in the past, so the price of Bitcoin has improved step by step from the past, so it will improve more in the future, so the current price is cheap, buy Bitcoin and hold it.
Hold Bitcoin for a long time and get the maximum benefit, this is the best opportunity to invest.

Bitcoin will definitely go up, and over time we will have to buy it at a higher price. But that does not mean we should only ever buy and never sell.

Do not forget why we entered the market in the first place: to make a profit and improve our financial situation. So, when Bitcoin help us achieve our goal, taking profits becomes necessary.

What is the point of investing in and holding Bitcoin if our life does not actually get better from it?
 

[Mandoy]

No matter how you have been holding for long, because you will still discover that a time is coming you we have to sell and this must be in profit, because you already hold for a while and must be profitable with it, so that after we sell we can still find a better position to take and buy in other to continue with our holding, because bitcoin is not a one-time opportunity, continue investing keep making our profits in it.

Exactly, there is no ending point in Bitcoin investment, expect one wishes to stop or quit investing but if they don't, they can still go on and go on and keep accumulating and holding bitcoin. Of course, a day will surely come that one needs to sell to also have their own profits, if they have hold so long like you said and this is one of the most beneficial aspect that one is investing in Bitcoin. As this kind of mindset keep motivated or encouraging why they still need to hold.

I agree that most Bitcoin investors will sell some of their investments at some time or another, for whatever reason it is that they do so: it may be to reap profits, it may be due to personal financial requirements, it may be to add a layer of diversification to their holdings. It sounds perfect. But not everybody has the same objectives and situation. The key is to have a plan and not to make emotional decisions when markets are at their peak or at their lows. Many people who are successful investers prefer to take partial profit and accumulate more and more Bitcoin in the long run. As such. They will be able to reap the rewards of their long-term focus without giving up and missing out on future opportunities.