Never sell your Bitcoin.

[ndutndut]

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

In my opinion, Bitcoin supporters often say never sell even Saylor said so. This can be seen as a motivational statement, encouraging every investor to think about Bitcoin's long-term goals and avoid being tempted by short-term volatility.

Furthermore, this statement is also a core part of the hold on for dear life philosophy. It will foster a deep conviction in Bitcoin superior long-term asset. So, this doesn't mean never selling Bitcoin. The goal of investing is to seek profit and we will inevitably sell a little to take advantage of it when we need it, while continuing to repurchase more. I mean, every investor has their own goals. When you hold Bitcoin for the long term, if you've reached your target, there's no harm in taking profits. Even Saylor a Bitcoin supporter who often says "Never sell your Bitcoin," has sold a small amount of his company for operational purposes.

[fredericktaylor]

Furthermore, this statement is also a core part of the hold on for dear life philosophy. It will foster a deep conviction in Bitcoin superior long-term asset. So, this doesn't mean never selling Bitcoin. The goal of investing is to seek profit and we will inevitably sell a little to take advantage of it when we need it, while continuing to repurchase more. I mean, every investor has their own goals. When you hold Bitcoin for the long term, if you've reached your target, there's no harm in taking profits. Even Saylor a Bitcoin supporter who often says "Never sell your Bitcoin," has sold a small amount of his company for operational purposes.

It is precisely by investing with a long-term plan that an investor can gradually understand the main purpose of creating Bitcoin and can protect the investment from short-term volatility. Every investor has a specific plan by holding Bitcoin for the long term, it is true that the main goal of investing is to make money through it. An investor can sell it for the sake of need, this is not wrong but of course it is better not to sell all the Bitcoins that he has. If we want to get all the future benefits from Bitcoin then we must buy Bitcoin consistently with a long-term plan and hold it for a long time with confidence as a result of which we can enjoy all the benefits of Bitcoin.

[kawetsriyanto]

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.

I guess you mean we will sell it as higher prices. Sure, it is impossible that we only keep buying but we never have a plan for selling it. Each investor must have a plan to sell their asset, it is including in Bitcoin.

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.

Sure, taking profits is a must because we must expect to use the money in the future.
All investors must set a target for taking profits before or after they buy the Bitcoin. It doesn't make sense if they never have an idea to sell the Bitcoin and no hope for profits. So far, I never heard that kind of investment way.

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

Indeed. People are investing for improving their financial. That's why they target for profits. The goal is to make their life be better with more money.

[Achalugo BTC]

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.

You are right and also, there is no such thing like perfect person, that is why when it comes to Bitcoin, people choose how to run about it, when to invest, sell and buy. But, its important to be done in a more disciplined  way, to avoid any financial mistakes that will be of harm to their lives. Well, not that it's bad to sell, but let it not be sell out of greed, as it will cause much damages, which is why everything gats to be in balanced because without being able to balanced everything in their investment, it might also cause Relationship damage and mentally as well.

[Endowed_Asparagus]

I used to think “never sell your Bitcoin” just meant watching the price go up and refusing to take profit.

But after getting deeper into Bitcoin communities and thinking in Austrian economics terms, it’s more about Bitcoin being the base asset, not something you constantly flip for fiat.

And like we’ve talked about before, holding is one thing… but making it work for you is another. That’s where BTCFi changes the game.

“Never sell” doesn’t have to mean “never use”, it can also mean learning how to put it to work while still staying exposed to the upside.

[Charcol]

The saying "never sell your Bitcoin" is actually said because the price will increase even more in a few years and then you will only regret it. But this saying cannot stop anyone from selling Bitcoin. Bitcoin is an asset whose potential depends on holding it for the long term. But if someone actually needs to buy a house, start a business, get out of debt, or meet important family needs, then selling some of their Bitcoin savings is not a bad decision. But the wrong decision is to liquidate your savings by selling them for no reason. If someone can live off Bitcoin while holding it, then there is no point in selling Bitcoin.

[CryptoYar]

[...]

It is good take. Never sell Bitcoin isnt a rule, it is more of a way of thinking. It is designed to prevent panic selling on price drops and sudden moves based on short term price action. But most people dont sell for those reasons is the problem. They sell because they see price fall and they panic, or because they make quick profit and they cant fight the urge to cash out too early. That is the behavior this saying is really attempting to describe. If there is no need for money and you are able to get your basic needs met without touching your Bitcoin, then there is absolutely no reason to sell. Bitcoin long term future is stronger than ever.

[Makus]

Selling due to panic has to be one of the reasons why a lot of holders end up making such decision but the mindset is already embedded in us that we should never sell our Bitcoin no matter what, not everyone has the mental fortitude to be able to keep up with such, when they notice a slight change in the market they immediately start to panic and sell their coins which isn't supposed to be so. Bitcoin is an investment that one benefits from based on a long term input, if you are familiar with the market you should know that the ups and downs are the dynamics of the crypto market and this should not phase you or make you panic.

[Mandoy]

Furthermore, this statement is also a core part of the hold on for dear life philosophy. It will foster a deep conviction in Bitcoin superior long-term asset. So, this doesn't mean never selling Bitcoin. The goal of investing is to seek profit and we will inevitably sell a little to take advantage of it when we need it, while continuing to repurchase more. I mean, every investor has their own goals. When you hold Bitcoin for the long term, if you've reached your target, there's no harm in taking profits. Even Saylor a Bitcoin supporter who often says "Never sell your Bitcoin," has sold a small amount of his company for operational purposes.

It is precisely by investing with a long-term plan that an investor can gradually understand the main purpose of creating Bitcoin and can protect the investment from short-term volatility. Every investor has a specific plan by holding Bitcoin for the long term, it is true that the main goal of investing is to make money through it. An investor can sell it for the sake of need, this is not wrong but of course it is better not to sell all the Bitcoins that he has. If we want to get all the future benefits from Bitcoin then we must buy Bitcoin consistently with a long-term plan and hold it for a long time with confidence as a result of which we can enjoy all the benefits of Bitcoin.

I agree that never sell your Bitcoin is more of a mindset, than a rule. Each investor has a different objective and it's not a bad thing to part with some of your investments when you are in need of cash or when you've achieved a financial goal. The trick is to not follow fear or market noise in making decisions. Bitcoin has proven through the years to be a patient game and holding on to it long-term while making use of the time to buy more of the currency as soon as feasible can pay off for the investors with regards to its potential to rise in the future with out compromising their personal monetary necessities.

[Boiboi20]

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

There are many meanings we can understand behind the phrase 'don't sell.' Holders believe that Bitcoin will continue to have value that keeps increasing indefinitely. So they argue that the longer you hold, the more beneficial value you will get. Behind those words, they might be trying to guide opinions. When no one sells, the market becomes scarcer and prices rise. But strong holders are usually people who have extra money. I am sure that those trying to increase their income through crypto will find it very difficult to hold onto their Bitcoin if they really need fiat money.

I don’t sell easily said than people who say it are usually looking at bitcoin from a long time perspective and believe it will worth much more in the future but the reality is that not everyone can afford to keep holding forever Some people have bills to pay family responsibilities or emergencies that require cash if someone need fiat money for important expenses selling some of their bitcoin is completely understandable at the end of the day everyone is financial situation is different.

[Cleanshit]

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.

Well i think you are very correct 100% right "Never sell your bitcoin" it really stand as a standalone slogan from my own hearing, and also it gives the vibe of incomplete words, just as you have said it really can be so misleading to the newbies in full, i think it best to use such simple statements like " Don't sell low out of fear" or in some words it best to say " Never sell your bitcoin " well most people would say sell your bitcoin with plan not with pain or panic.

Now i want you to see it as If you never define phase 3, you end up rich on paper but broke in real life.

 Dead with 10 BTC helps nobody. The point of wealth is optionality - security for you, freedom for family, projects you care about.

[Brizi5000]

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.

You are right and also, there is no such thing like perfect person, that is why when it comes to Bitcoin, people choose how to run about it, when to invest, sell and buy. But, its important to be done in a more disciplined  way, to avoid any financial mistakes that will be of harm to their lives. Well, not that it's bad to sell, but let it not be sell out of greed, as it will cause much damages, which is why everything gats to be in balanced because without being able to balanced everything in their investment, it might also cause Relationship damage and mentally as well.

Greed is just one of the things that have made many investors remain unsuccessful in their bitcoin investment till date because they probably think bitcoin will make them rich at an instant. Due to greed most investors will go as far as using money that’s meant to settle their basic needs to invest in bitcoin and instead of them also making arrangements to build an emergency funds to protect their investments during emergency situations they tend to also invest such money in bitcoin rather than keeping it for their emergency funds savings because they believe if they do so, they will get more bigger profit and by the time they encounter an emergency they tend towards selling off their bitcoin holdings when is not of their own willing and as a result of bitcoin volatility they might be selling at a big lose.

[I_Anime]

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 “ is actually a strong word though . Why are you now investing in it ? IMO there’s nothing with taken profit from your bitcoin after reaching your accumulation goal . Yes as an investor set a accumulation goal to work towards , withdrawing from a premature investment won’t do you any good you are only gong to slowdown the growth you are suppose to be feeding that investment by putting more money in it using a suitable investment method, and selling all your investment once is not encouraging at all better to find a proper meteor of taken profits without selling off all your bitcoin investment.

[The Cryptovator]

I won't agree with never selling your Bitcoin if it means not selling it by yourself and dying without selling. Because I need to take advantage of the volatility. When I have good profits, like doubling the price, then I will take advantage. Say you sold near the ATH, although we can't assure the exact ATH, but at least we can evaluate the profits. Then you can purchase now what would double your Bitcoin easily.

I know this strategy would be risky, but we have to make money from Bitcoin. Doesn't necessarily just hold our Bitcoin for a lifetime. We have to use Bitcoin for our lives; if we die, then we can't use our Bitcoin investment. My logic is when we have decent profits, then we sell and repurchase when we have a dump.

[puloweh555]

I won't agree with never selling your Bitcoin if it means not selling it by yourself and dying without selling. Because I need to take advantage of the volatility. When I have good profits, like doubling the price, then I will take advantage. Say you sold near the ATH, although we can't assure the exact ATH, but at least we can evaluate the profits. Then you can purchase now what would double your Bitcoin easily.

I know this strategy would be risky, but we have to make money from Bitcoin. Doesn't necessarily just hold our Bitcoin for a lifetime. We have to use Bitcoin for our lives; if we die, then we can't use our Bitcoin investment. My logic is when we have decent profits, then we sell and repurchase when we have a dump.

This is indeed the case as the goal of investing in Bitcoin is to seek profit holding it forever without selling it seems impossible. Perhaps the phrase "never sell Bitcoin" serves as motivation for investors, reminding them that once you've accumulated Bitcoin, you must also be mentally strong to face market volatility. This phrase certainly serves as a reminder to stick to our investment goals.

Essentially, the phrase "never sell Bitcoin" can be used to shape the mindset that Bitcoin should be invested for the long term, not just for the short term. The longer you hold Bitcoin, the better it will be for you and your chances of achieving financial freedom in the future.

[Jostern]

Well it’s recommended that you sell some part of your bitcoin when you’ve gotten to over accumulation, bitcoin is meant to be invested in a long term plans, which means that buying and holding bitcoin is for the future and not now immediately and selling, so when you’ve not gotten to a certain point of probably one or two circle which is 4-10 years then there is a high probability that you must have gotten some satisfied profits and that would give you a good chance of having good reasonable profits which would carry and accommodate to have enough profit in your portfolio, so you don’t buy and sell immediately as soon as you come across some profits instead it should be for a long term purpose.

[Just Say]

Furthermore, this statement is also a core part of the hold on for dear life philosophy. It will foster a deep conviction in Bitcoin superior long-term asset. So, this doesn't mean never selling Bitcoin. The goal of investing is to seek profit and we will inevitably sell a little to take advantage of it when we need it, while continuing to repurchase more. I mean, every investor has their own goals. When you hold Bitcoin for the long term, if you've reached your target, there's no harm in taking profits. Even Saylor a Bitcoin supporter who often says "Never sell your Bitcoin," has sold a small amount of his company for operational purposes.

Yes, Bitcoin supporters often say that they should not sell Bitcoin, but I think that not only Saylor but also many Bitcoin OGs say this, in fact, these are motivational quotes. In fact, not selling Bitcoin is not a rule, but it is a thought of every investor like us. Also, another thing to understand is that there is no end to Bitcoin investment unless someone voluntarily stops investing or saving or gives up. Most investors may be able to understand the literal meaning of Bitcoin and they take the initiative to sell after reaching the excess accumulation level. This may be suitable for everyone and it should not be forgotten that why we entered this market is mainly for the purpose of making profit. Anyway we think Bitcoin supporter Saylor may have a specific plan for which he often says "Don't sell your Bitcoin," he accepted this intention and today, June 15, bought another 1,587 Bitcoins.

[noorman0]

Yes, Bitcoin supporters often say that they should not sell Bitcoin, but I think that not only Saylor but also many Bitcoin OGs say this, in fact, these are motivational quotes. In fact, not selling Bitcoin is not a rule, but it is a thought of every investor like us. Also, another thing to understand is that there is no end to Bitcoin investment unless someone voluntarily stops investing or saving or gives up. Most investors may be able to understand the literal meaning of Bitcoin and they take the initiative to sell after reaching the excess accumulation level. This may be suitable for everyone and it should not be forgotten that why we entered this market is mainly for the purpose of making profit. Anyway we think Bitcoin supporter Saylor may have a specific plan for which he often says "Don't sell your Bitcoin," he accepted this intention and today, June 15, bought another 1,587 Bitcoins.

Because different types of Bitcoiners determine their motivations and future expectations, we don't need to implement a "don't sell" mandate. For example, if someone strongly believes Bitcoin will be widely adopted and has a solid economic foundation without compromising their investment, it's reasonable to decide never to sell for fiat unless it's in exchange for something they desire freely. Investors clearly can't do this.

[Sonia_123]

As long as you are still in your accumulation stage, all you  need is to keep buying accumulating and hold it until you reach your over accumulation stage because selling along the line of investment is very risky and for you to get to your over accumulation at the right time without delay.

[Chibit01]

Well from onset I never take the word "Never sell your bitcoin" like what actually means same thing, it's kind of like an advise given to people but you need to read your own interpretations to it and not blindly following it that way even when there is need for you to take profit, it's not some sort of physical property which people pays you to come look at it and you make profit out of it, its a asset I used to preserve wealth and when there is need for me to make use of what is invested there I should be able to do that, what's not advisable to do is sell under pressure or because an influencer said you should, true holder should know when to make their own selling decision.