Never sell your Bitcoin.

[kawetsriyanto]

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.

Well, each person may have a different way to solve their problem. It also depends the condition and their capability. People who prefer taking a loan, they may still have the ability to repay the loan. Meanwhile for the people who prefer selling their Bitcoin, they may only have Bitcoin as the option. And they don't want to take a loan because they assume it will burden their financial and bring another problem in the future. This is a wise way, I also tend to avoid taking a loan.

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.

Sure, each individual may have their own rule. Some people may only use it for a long term asset, meanwhile other use it for trading as well. Both of them believe in Bitcoin because they choose Bitcoin. If they don't believe in Bitcoin, they will never buy Bitcoin, whether for trading or for investment. 

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.

People who hold Bitcoin for a long term, it is because they target for a bigger profits. I'm not sure that the reason is about the possibility to be a powerful currency in the future. It is a different case, most people won't really care about this. For the investors, the profit will be always the main point here.

[Warkop]

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.

People who hold Bitcoin for a long term, it is because they target for a bigger profits. I'm not sure that the reason is about the possibility to be a powerful currency in the future. It is a different case, most people won't really care about this. For the investors, the profit will be always the main point here.

I completely agree with what you've said about how everyone's goal isn't to officially become a currency, but rather, the most important thing is the enormous profits that can be made if we continue to hold Bitcoin for the long term. This isn't about greed, but rather a healthy way for someone to utilize their money in the investment world.

[Zackz5000]

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.

That's correct never sell your Bitcoin by the Op is an incomplete statement investors can't hodl there Bitcoin forever there will surely be a time that they will sell but not all after holding for long and has their over accumulation stage, the term never sell your Bitcoin are for investors who are still accumulating Bitcoin that's who are still at there accumulation stage they don't have business selling there Bitcoin halfway unless gamblers who are in for short time profit. Bitcoin as a store of value many investor hodl it as what will be a generational wealth in their families.

[Smack That Ace]

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.

People who hold Bitcoin for a long term, it is because they target for a bigger profits. I'm not sure that the reason is about the possibility to be a powerful currency in the future. It is a different case, most people won't really care about this. For the investors, the profit will be always the main point here.

I completely agree with what you've said about how everyone's goal isn't to officially become a currency, but rather, the most important thing is the enormous profits that can be made if we continue to hold Bitcoin for the long term. This isn't about greed, but rather a healthy way for someone to utilize their money in the investment world.

That's the truth. No one holds bitcoin long term simply because they believe it will become the official or strongest currency in the future. Most people invest in and hold it for as long as possible because they believe it is the best way to maximize returns.

Many people will not admit it, but the truth is that the idea of using Bitcoin as a currency for the economy has largely failed to meet its original expectation. Instead, Bitcoin has been and is becoming a global asset, similar to gold and diamond...

[Tiaramane]

Never sell for whales to buy you out, then later dump on you when you want to FOMO back in, hold when it bearish and sell when it green.

[HONDACD125]

That's correct never sell your Bitcoin by the Op is an incomplete statement investors can't hodl there Bitcoin forever there will surely be a time that they will sell but not all after holding for long and has their over accumulation stage, the term never sell your Bitcoin are for investors who are still accumulating Bitcoin that's who are still at there accumulation stage they don't have business selling there Bitcoin halfway unless gamblers who are in for short time profit. Bitcoin as a store of value many investor hodl it as what will be a generational wealth in their families.

I think it's mostly just an expression people use to say that people should hold for the long-term, because it obviously doesn't make any sense for an investor to literally keep holding their bitcoins or assets forever because we all make investments to make profits, and all of us will have a target in our mind that will be the point when we will sell, even if we don't sell all our assets, we will at least sell a portion and take profits so that we can withdraw the invested amount and then maybe hold the profits made so that more profits could be made with that.

Some traders buy when the bear market is here, and they sell when the bull run arrives, and they don't hold their assets for the next cycles because they believe they can make better profits this way, and I actually agree with this. Some don't follow this strategy and they decide that they are going to hold for a specific number of years, maybe a decade or higher, or maybe lower, but they don't buy and sell in every cycle. I think this strategy can only be very useful if you have managed to buy Bitcoin at a very low price, like below $20k, and now you know that you are not going to get that price again, but if you have bought somewhere above $40k, I think it is better to sell, and buy again in the next bear market.

[Cryptoprincess101]

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

''Never sell your bitcoins'' sound to me like saying ''hold bitcoin for a lifetime''. Actually, it's not as if you should not sell your bitcoin, you can sell but let it be at a time when you've held a good stash and subsequently made a lot of profits from it, and this is not something that can be achieved in few years. It will take you many years to acquire a huge amount of bitcoin and make some tangible profits from it (that's if you are using the DCA method), then you can sell part of it and collect some profits and it's not really by taking profits but also making adequate use of the profits that you got from your investment.
   The mistake that some persons do make is to sell part of their bitcoin to fiat and leave it custodial care where it can be prone and vulnerable to hacks and not only that, but it is also exposed to inflation which makes it to lose economic value.

[Cleanshit]

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.

As a an investor in bitcoin having that mindset of Hodl is basically a gospel in the long term Bitcoin circles just like you made mention of most people sell due to panic dips or just that normal fluctuations that might likely happen in the market. Yeah most newbies in bitcoin keeping hearing never sell but still doesn't understand the concept of what they keep saying but back then for those who sold there bitcoin as of 2022 those who sold around $30k and heard it pump up back to $70k in 2024, now i think the advice was passed.

I think my own sides of through mean " Never really sell if you don't need funds around timezone of 10years+ i think the sell could be handled without panicky.

But the bitter side of life is that not everyone has that long-term life span to leave up to that time,But the fact is that life happens,   Medical bills, business opportunity, family emergency.

For some people, selling some BTC at the “wrong time” is still the right decision because it solves a real problem. Bitcoin can’t pay hospital bills if you refuse to touch it. Well the honesty turn out that it is so complicated self.

[Akbarkoe]

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.

But that's actually a wrong position where you don't have a reserve fund that should be prepared for personal or emergency funds and the like to use when it doesn't go according to the original plan, for me it's better to sell my bitcoin than to borrow, unless I already see in the near future I will get money, maybe borrowing can be a temporary solution rather than selling, this depends on the situation, because some people dare to borrow money without knowing when they can get money, while their investments can be sell a few decimals to cover their needs.

[JiiBs]

I completely agree with what you've said about how everyone's goal isn't to officially become a currency, but rather, the most important thing is the enormous profits that can be made if we continue to hold Bitcoin for the long term. This isn't about greed, but rather a healthy way for someone to utilize their money in the investment world.

You actually call that healthy?

Currency is made to be exchanged. If there is no demand for Bitcoin today and people end up just holding, what do you think would happen to the price?  Currency is made to exchange hands, it’s the only true way to truly know it’s worth. It’s very impossible for everyone or the majority to hold forever. Trust me, if you are one of the persons that manages to hold through your lifetime and never spend even a faction of your Bitcoin but was able to set up some inheritance plan, then be rest assured that the beneficiary of such plan would make use of it in such a way that, you would have wished otherwise.

[Moreno233]

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 think a lot of people do that, they prefer borrowing to selling their Bitcoin which they are holding for long. They sometimes do this to discipline themselves because if they begin to get used to selling their Bitcoin over minor issues, their aim of holding would be defeated. Despite this, the loan should be such that it will not require the investor to sell off his coin to pay and the interest should also be small so there will not be much pressure on the investor.

[suzanne5223]

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”?

Normally, I don't like to contribute to topics that already have a huge number pages, when i look through the whole discussion and the questions asked by other i dont see you for once explain to us all what it is you learned through the meetups and the book you read from the Austrian sch or did i miss something.
Back to your question, based on my understanding, the “Never sell your Bitcoin” words is the BTC community maximalist mantra to encourage long-term hodling instead of selling BTC for fiat during price rallies or crashes.

[leonair]

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 will not sell Bitcoin. It is very easy to think and say, but it is not easy for everyone to follow it. The reason is that many people invest in Bitcoin but do not know about the correct process of investing. Seeing the price of Bitcoin increasing or seeing the price very low, many people panic and take loans and invest in Bitcoin, while some people invest their emergency funds in Bitcoin and many people invest their entire income in Bitcoin. The result is that they cannot hold that Bitcoin for a long time because they need money and have to sell the Bitcoins again to meet that need. In fact, in the case of Bitcoin, small investments are also very effective if they can hold it, but if you make a big investment and cannot hold it, then that investment cannot give any good benefits. So before making this promise that I will not sell Bitcoin, you need to learn about investing correctly.

[Ndabagi01]

The idea from onset that I understand by not selling your bitcoin is simply you imitating holding bitcoin for the long term and not sell at a low price or even when in panic. The idea is that bitcoin will continue to grow and selling your bitcoin now will mean missing out on a bigger price prospect of it. The Bitcoin whole idea is to make sure you never stay out without Bitcoin, even when selling when the price is high, prioritize not selling all your Bitcoin for money because the price will continue to grow.

[Bushdark]

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.

That's correct never sell your Bitcoin by the Op is an incomplete statement investors can't hodl there Bitcoin forever there will surely be a time that they will sell but not all after holding for long and has their over accumulation stage, the term never sell your Bitcoin are for investors who are still accumulating Bitcoin that's who are still at there accumulation stage they don't have business selling there Bitcoin halfway unless gamblers who are in for short time profit. Bitcoin as a store of value many investor hodl it as what will be a generational wealth in their families.

Do not sell your Bitcoin is like telling a little baby not to eat his cake again. Since the sole reason for investing in Bitcoin is to make profits from the market. The intention to invest is to make profits and if you put your money in Bitcoin and you do not sell any of your Bitcoin, there is no way you can make money.  At one point in time, we are still going to sell our Bitcoin so that the profit can be use to invest in something else or buy more Bitcoin. Bitcoin investment is not to hold forever, holding should be a period of time you are going to keep the Bitcoin before selling so that you can be in profit.

[Byebyebtc]

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.

Well I do not really like taking loan, so I can't be in support of that.
Meanwhile as you invest you should also try and save in fait as well in case of situations like this, just investing doesn't seem to be enough as uou need to protect your investment.
So I will advise to also make space for saving in fait as well

[bogdanb]

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

I don't really understand why some people talk as if they will never sell their bitcoin. Even long-term investors usually have a target, once that target is reached, they may decide to let go of their bitcoin. Statements like "never sell Bitcoin" seem unrealistic to me because there is little point in holding it forever for an entire lifetime.

[kawetsriyanto]

I completely agree with what you've said about how everyone's goal isn't to officially become a currency, but rather, the most important thing is the enormous profits that can be made if we continue to hold Bitcoin for the long term. This isn't about greed, but rather a healthy way for someone to utilize their money in the investment world.

You're right. It isn't greed, it is normal that an investor sets a certain profit target. As long as the profit target is reasonable, it is okay.

That's the truth. No one holds bitcoin long term simply because they believe it will become the official or strongest currency in the future. Most people invest in and hold it for as long as possible because they believe it is the best way to maximize returns.

Sure, people invest in Bitcoin because they want to gain big returns. They don't really care whether it will be strongest currency or not. Even if Bitcoin seems possible to be the strongest currency, it is just like a bonus for them. We can understand that people more focus on the returns because it is actually the main point of investment.

Many people will not admit it, but the truth is that the idea of using Bitcoin as a currency for the economy has largely failed to meet its original expectation. Instead, Bitcoin has been and is becoming a global asset, similar to gold and diamond...

In my country, it is impossible to use it as a currency for paying services or goods. We only use it for digital assets. So, it is true that Bitcoin is more possible to treat as an asset like gold or stock. Sure, it has been successful as a global asset.

[BRINIRHA]

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

I think the meaning of this will vary depending on the holder's own thinking because for me when talking about“Never sell your Bitcoin” what comes to my mind is not to be too hasty to let go of the holdings and we should have our own target here.
We know bitcoin will always be considered as a hedge even I would consider this as a Safe Haven Asset but it doesn't mean I will continue to be in bitcoin and not let go at all it's just that I still remain comfortable with the holdings because I still believe that the increase will continue to happen in the future so this is my choice to stay in bitcoin.
Will I eventually sell? Of course I will sell but not in the way traders do transactions because at this time I realize that selling now and making this fiat is not the answer so it would be better for me to continue to be in bitcoin until my goals can actually be realized.

[Livingleged]

That's correct never sell your Bitcoin by the Op is an incomplete statement investors can't hodl there Bitcoin forever there will surely be a time that they will sell but not all after holding for long and has their over accumulation stage, the term never sell your Bitcoin are for investors who are still accumulating Bitcoin that's who are still at there accumulation stage they don't have business selling there Bitcoin halfway unless gamblers who are in for short time profit. Bitcoin as a store of value many investor hodl it as what will be a generational wealth in their families.

Exactly  what I was saying  earlier  too, I feel it's too hash to use such word "Never", although  my attention  was called by some people  opinion  and understand  if the world that it's doesn't really  mean you shouldn't  sell your bitcoin  but it's just to let you know that you should  sell your bitcoin  because  if you so the price might  go up and you'll miss the opportunity  greatly. That can be accepted  by me though, what about the other way round? I mean the opposite  of the price going  up? When we think of the up side we should  also consider  the downside  too, I feel it's okay to get bitcoin  hold sometime  and if you think you've made some profits you can sell part of it and have have a good time.