Never sell your Bitcoin.

[AYOBA]

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”?

Those that has been a while in Bitcoin investments knows what the Bitcoin will become in future that’s they keep advice that never sell your Bitcoin no matter how conditions you find yourself, selling it at wrong time might lead you to lose didn’t that never expected. Because once thing about some investors is that if they see that market is fluctuating moving normal, the only thing that will come their is how they can sell their Bitcoin.

They don’t know that reason to sell the Bitcoin that has already purchased is a wrong decision making, but if you where tell some investors they will be thinking that may be your try to run them street; especially those who are new to Bitcoin investments that’s what most of them think off.

[ruykeri]

Those that has been a while in Bitcoin investments knows what the Bitcoin will become in future that’s they keep advice that never sell your Bitcoin no matter how conditions you find yourself, selling it at wrong time might lead you to lose didn’t that never expected. Because once thing about some investors is that if they see that market is fluctuating moving normal, the only thing that will come their is how they can sell their Bitcoin.

They don’t know that reason to sell the Bitcoin that has already purchased is a wrong decision making, but if you where tell some investors they will be thinking that may be your try to run them street; especially those who are new to Bitcoin investments that’s what most of them think off.

They actually say not to sell Bitcoin only so that no one sells at the wrong time and suffers a loss or is deprived of the profit that would have been gained after holding for a long time. But when a person decides to hold and continues to invest for a long time, after a few days his perspective on Bitcoin changes. When he understands that he should sell Bitcoin now according to his time and situation or that he has created a situation where he can meet his expenses by selling it little by little on a regular basis, then he will sell Bitcoin as per his convenience. But for this situation to be created, Bitcoin has to be hold . And if you want to make Bitcoin holding strong, you have to refrain from selling Bitcoin at an untimely .

[Doan9269]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

[purple_sparkles]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

I am not in a hurry to sell my bitcoin savings either, because I believe that now is clearly not the right time. Bitcoin is currently in a bearish cycle, and its price is relatively low.Fortunately, I do not have an urgent need for money that would force me to dip into my savings or take out loans. Right now, I see this as a great time to accumulate more bitcoin.I also hope that governments around the world will not bring any new major shocks or wars in the near future, and that Bitcoin will continue to follow its familiar and impressive market cycles.

[@nn@_pen9]

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.

Perhaps it is more appropriate not to say the stage of excess accumulation? But we have not yet reached the profit target or investment year that we want. For example, I will sell Bitcoin when my child enters a much higher education, namely university, which requires very large costs until completion. Bitcoin could be a solution for all of that. In this case, I also have to really manage it wisely so that the investment that I am working on and running now is not disturbed by anything.

[Shineup]

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”?

Those that has been a while in Bitcoin investments knows what the Bitcoin will become in future that’s they keep advice that never sell your Bitcoin no matter how conditions you find yourself, selling it at wrong time might lead you to lose didn’t that never expected. Because once thing about some investors is that if they see that market is fluctuating moving normal, the only thing that will come their is how they can sell their Bitcoin.

They don’t know that reason to sell the Bitcoin that has already purchased is a wrong decision making, but if you where tell some investors they will be thinking that may be your try to run them street; especially those who are new to Bitcoin investments that’s what most of them think off.

Bitcoin has proven to be a coin and a good investment but that doesn't mean that those that has been in to Bitcoin investment  actually know what Bitcoin will become in the future with assurance because the future is unknown, why those that has been in to bitcoin investment kept advising people never to sell their Bitcoin is because Bitcoin investment is potentially for long term investment, don't sell your Bitcoin encourages people to keep holding on and not selling prematurely maybe for just small profits, people can sell part of their investment when their investment has really yielded reasonably, I don't think if there is anything wrong with that.

[Obari]

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

As an investor in bitcoin, you don't just invest in the ocean but you must have a plan (goal) to achieve at the long run because you can't invest forever and they will be a time for you to sell so when will that be is the big question for all the investors. Every investor has their time frame of the investment. Some of the investors use 5 years plan while some 10 years and more. And before you sell, you have to look at the period you want to sell. Is it a all time high period or bear market period. Because if it is not favoring you at the time you want to sell, you have to extend the investment time to a favorable time and sell. There must be a time for sell that is my point.

If I'm asked about a particular time frame, then I would prefer to say that as an investor, rather than having a fixed period of time, before selling, it should be better that you have a particular price to sell and this is because, if we have a fixed period of time or years in mind, let's say 5 years and you know how volatile the market can be and how unpredictable the market can be and having 5 years at the back of your mind to sell isn't a good one because the price might go below the price you bought but let's say you bought bitcoin at $60k and you have a target of $100k to sell, which means regardless of how and what goes on and with the market, you will only have to sell at $100k and this approach helps increase discipline rather than having heard in mind.

Just adding to what you@Abge already said.

[bhadz]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

I have that plan before of taking a loan so that I won't let go of my holdings. But I did the other thing and that's to sell what I'm holding than to take a loan. And that's because I am thinking of the interest that I'll get from it and it might take a while before I'm able to repay it at that time. So, if there will be platforms that will actually allow to take a loan while using the bitcoin we hold as collateral, that will be a good service. Although, there will be definitely pros and cons about it and if I'll be needing it, probably not yet.

[ArabBTC]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

Hmmmm, taking loan rather than selling once bitcoin isn’t that a careless decision? knowing fully well that lone will attract so much of interest in certain instances, yes i know it’s advisable to hold once bitcoin but i wont also advise taking loan, loans might end up putting one into undue financial pressure that can even change the entire plans of an individual.

On the other hand what is the need of having and asset that you can’t trade at times when the need arise in other to solve crucial life problems, what if you don’t get out of the life challenge simply because you couldn’t use what you have to meet your need? it’s good to hold bitcoin because it’s an extremely valued asset but let it not be to the point we’re one will be forced to take loan, don’t carelessly sell your bitcoin but at the same time don’t hold it to the point whereby it will push you into making wrong financial decisions.

[RockBell]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

This is the advice that. A lot of people need because most people bow to the pressure, and going for loan instead of selling ia not that bad and this is because you can not sell when you have not make profits so there is enough reasons for us not to sell when it gets to that point and protection of the future investments should be everyone's priority because imagine selling when the price is down the popular people do is to sell.

They just need to do better because what is the essence of investing and you are not making any profit it does not make any sense at all and there is always a way out, but does not have to be selling off what you already holding just for you to make profits and that is why it is always advised to have emergency funds so that it will cover for what so ever instead of selling off what you are already holding very important that we know this now.

[Hyphen(-)]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

I don’t consider that as a good option to be frank with you, taking loan while I have Bitcoin savings, the interest alone is something else, and it will destabilize you because while trying to pay and keep up with your Bitcoin investment, I will rather consider how important whatever I have to do with money first, if it is very important then I will consider selling some part of my Bitcoin, unless it the the price is very dip to the extent that I will lose some huge amount of money when I sell at loss, then I will consider taking small loan.

[Rgram]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

It’s certainly a choice some investors do make but, I don’t really think that’s entirely wise. Of course your holding would be safe and be subject to the price fluctuations in the market but, not being able to tell if you would be in profit or loss at the end of a given period makes it a risk that I wouldn’t want to go buy. After all, the investment is meant to pay me at some point. What is certain though is, you’re sure going to pay interest on the acquired loan which would steadily increase with time and these is a potential reinvestment money.

[Doan9269]

[I have that plan before of taking a loan so that I won't let go of my holdings. But I did the other thing and that's to sell what I'm holding than to take a loan.

You are right, it is important that we consider sometimes and condition before going for any services or offer received as an alternative to sell in our Bitcoin, that is why some will later get into unwanted situations because they couldn't adapt with some of these terms after they have already gone into them, clear termsb and well-defined policies are expedient in this condition, which must be customer friendly as well to encourage them as each benefits from the service, this is where it is not that easy to get a reliable alternative except we are lucky of coming across some financial crypto asset management with desiring terms and conditions, hence some will prefer selling their Bitcoin.

[TheUltraElite]

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.

Bitcoin not achieving any growth and investors taking profit and exiting are not quite linked as you say. Bitcoin's price growth is what you are trying to imply here which like any speculative asset will be linked to buying/selling the asset. But the actual growth of bitcoin is from its development, its adoption among common people and its use in market which will always continue to grow.

Choosing to sell coins is the choice of the investor. They may choose to buy it back at even lower price as per their strategy of multiplying their own stash.

[Nothingtodo]

The meaning of the saying "Never sell your Bitcoin" is that Bitcoin's increasing importance and popularity is increasing and Bitcoin is going beyond the purchasing power of people day by day. If we imagine the price of Bitcoin 16 years ago from today, we will be able to understand the meaning of this saying clearly. When Bitcoin was at the price of cents, most of the people in the world could not understand the importance of Bitcoin, but when Bitcoin increased in popularity and acceptance among people day by day, people started to understand the meaning of this saying. Those who are still holding Bitcoin without selling it will find the meaning of this saying more difficult 20 years from now. But the wise ones are those who will not sell Bitcoin now and keep it in their portfolio and safe wallet.

[cxtreenal]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

For those investors, the strategy of borrowing will mostly prove to be wrong. If you continue to get emotionally involved in Bitcoin investment, at some point you will not be able to stay in the long term investment. You have to repay the loan. If you delay, the amount of debt will continue to increase in the form of compound interest. If the value of the Bitcoin held does not increase as expected, it will create financial and emotional stress for you. You may not be able to implement your long term plan because there will be a risk of withdrawing your Bitcoin holdings to repay the loan prematurely.

[bhadz]

[I have that plan before of taking a loan so that I won't let go of my holdings. But I did the other thing and that's to sell what I'm holding than to take a loan.

You are right, it is important that we consider sometimes and condition before going for any services or offer received as an alternative to sell in our Bitcoin, that is why some will later get into unwanted situations because they couldn't adapt with some of these terms after they have already gone into them, clear termsb and well-defined policies are expedient in this condition, which must be customer friendly as well to encourage them as each benefits from the service, this is where it is not that easy to get a reliable alternative except we are lucky of coming across some financial crypto asset management with desiring terms and conditions, hence some will prefer selling their Bitcoin.

It is hard to find an alternative to be honest and that's why we have to make a decision that will help us, instead of giving us more problem. A financially wise decision that will give you a better breathing rather than will give you a deep sigh. So, you take a loan and you still have the bitcoin yet, you're so problematic about the interest and you have no source of income to pay for it but only the holdings you have. It's okay to sell some of it just to solve that current problem you're experiencing and then accumulate later consistently again.

[Onyeeze]

I have seen some people that will prefer to rather go for loan than selling their Bitcoin, all because they don't want to exit the market and want to preserve the future of their investment in Bitcoin, sourcing for liquidity is one of the options some people weigh into, because they know that they will definitely achieve their goal as long as they will always be rendered with alternatives to selling their Bitcoin.

For those investors, the strategy of borrowing will mostly prove to be wrong. If you continue to get emotionally involved in Bitcoin investment, at some point you will not be able to stay in the long term investment. You have to repay the loan. If you delay, the amount of debt will continue to increase in the form of compound interest. If the value of the Bitcoin held does not increase as expected, it will create financial and emotional stress for you. You may not be able to implement your long term plan because there will be a risk of withdrawing your Bitcoin holdings to repay the loan prematurely.

not even proper for someone to borrow money and they start investment because you don't know if the Investment will be a good one or the Investment will be a bad one, I've seen someone that went into investment with in his money but at the end the business could not give him what he expected, so assuming the person borrowed money and the established such business I think it will be on debts, so that is why I can't encourage anyone to borrow money and involve itself in any investment plan because if the Investment did not favor you you will end up borrowing money to repay what you have borrowed and the invest so you need to understand the kind of investment you are going into and the save money from the beginning and the start up the Investment

[Solokan]

In my opinion, many people say never to sell your BTC because if we sell it now, the profit will certainly be small. Or, for example, for those who bought it at a high price and sold it at a lower price, they will suffer a loss. I think people who say not to sell your BTC certainly have many reasons, one of which is the simple fact that BTC's price has the potential to continue to rise in the future. Essentially, if we can successfully hold BTC for the long term, we have the potential to achieve significant profits because BTC's supply is limited, while there are potentially more buyers. Ultimately, the price of BTC will potentially be very high. Certainly, those who can't hold BTC for the long term will certainly have the potential to regret seeing the price of BTC so high but selling it at a low price.

In essence, people who say not to sell your BTC, I think, mean it because they don't want to see people who own BTC regret selling at a low price due to not being able to hold BTC for the long term. I think there must be many people who regret it now, like people who sold BTC in the past, like in 2012, because they saw the current BTC price.

[Out of mind]

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 not a universal rule it is basically a belief that Bitcoin should not be seen as an asset to trade for profit, but rather as a store of value in the long term. Investors who believe in Bitcoin believe that it is better to hold on to Bitcoin as much as possible than to revert to fiat. We know that Bitcoin has the potential to be the most powerful currency in the future, which is why people think that Bitcoin should not be sold. Moreover, most countries currently experience inflation, which can cause losses if they keep their money, so Bitcoin is an alternative. And most wise people and big investors believe that they should never sell their Bitcoin, but rather when the price of Bitcoin reaches its highest level.