Never sell your Bitcoin.

[kawetsriyanto]

The purpose of investing is to increase income, improve living standard or build wealth for future generation. If investing in Bitcoin does not improve your financial situation or generate profit, then no matter how good Bitcoin was, it would become meaningless.

Agree. Investment is intended to improve our financial, it means we expect for good profits through investment. if it doesn't bring improvement in financial, sure the investment has no point. It is including in Bitcoin investment, it will be useless if it doesn't impact anything.

An asset only has true value when it serves the purpose that its owner desires.

Indeed. An asset will be valuable when it can reach the goal. Bitcoin investment also will be valuable if we can sell our Bitcoin asset for profits. Each Bitcoin holder must have their profit target, this is the goal of the investment.

The goal of investing in Bitcoin is to make a profit. But many people seem to forget their original goal when entering the market. The idea of 'never sell your Bitcoin" is a poor mindset and strays from the original purpose of investing.

Exactly, profits is the main goal in Bitcoin investment.
I'm not sure that many people forget their goal, it is probably for few people only.
TBH, I am a bit doubtful that there are really people who have an idea of "never selling their Bitcoin".

[Pandorak]

I fully support the idea that each person has his purpose to sell or to keep his Bitcoin. All people do not have sufficient capital to wait such long. Those who are left to sell to earn living, should be respect. In my opinion, each what we choice make is this particular decision that is driven by the need which are most urgent at the point in time.

I understand that each of us has different financial circumstances, so in this case we cannot judge someone who wants to sell Bitcoin because they may have financial obligations to meet. However, in my opinion, this is where it’s crucial to understand that when investing, it’s highly recommended to use only money from your discretionary funds, not funds set aside for living expenses. If you follow this principle from the start, the likelihood of having to sell is much lower. It doesn’t matter if you only have $20 or $30 a month, what’s most important is that you can continue investing consistently without sacrificing your basic needs.

[Doll2233]

I would say "never" is weird in this sense, but yeah, selling bitcoin when it's down is a bad move if you do not need to. I have sold it at a loss before in my life, but mostly been lucky to sell at a profit.

On those rare occasions where I had to sell, it was medical bills and medicine that I needed to buy and didn't had any other money and even was maxed out on my credit card and wasn't get anymore loans, so it was literally the last resort for me before I had to sell all that I have.

Sometimes, situation could be happen and you have to sell your Bitcoin and if you will not sell at that time you could lose your dear one so you should think about your family not about profit and loss . If you have saving then you should go towards savings and there should be enough saving for any kind of emergency because emergency could be happen at any time. People are saving for the future and if you will save for buying Bitcoin it could be best but you should take loan by other persons and should pay when market is good and don't sell the Bitcoin when market is going down and at any cost do not sell your Bitcoin because your next generation need that  and it you will save for them they will pray for you.

[Onyeeze]

I fully support the idea that each person has his purpose to sell or to keep his Bitcoin. All people do not have sufficient capital to wait such long. Those who are left to sell to earn living, should be respect. In my opinion, each what we choice make is this particular decision that is driven by the need which are most urgent at the point in time.

I understand that each of us has different financial circumstances, so in this case we cannot judge someone who wants to sell Bitcoin because they may have financial obligations to meet. However, in my opinion, this is where it’s crucial to understand that when investing, it’s highly recommended to use only money from your discretionary funds, not funds set aside for living expenses. If you follow this principle from the start, the likelihood of having to sell is much lower. It doesn’t matter if you only have $20 or $30 a month, what’s most important is that you can continue investing consistently without sacrificing your basic needs.

there are some of them that does not have any financial obligation to meet but only the reason why they want to sell their Bitcoin is because they seems that the price of Bitcoin is getting low, some of the people who have no seek any advice of how to invest in Bitcoin, they are the one that panic and sell their Bitcoin, so they need to be advised and they need to see this kind of Post so that they will not want to sell their Bitcoin, there are some investors especially the new ones who sell their bitcoin out of ignorant...

[boyptc]

I would say "never" is weird in this sense, but yeah, selling bitcoin when it's down is a bad move if you do not need to. I have sold it at a loss before in my life, but mostly been lucky to sell at a profit.

I've said that before when I was still new but I've realized that anyone will have that point that we're going to sell based on our situation.

Been there, sold at losses but there were also more of the profits.

On those rare occasions where I had to sell, it was medical bills and medicine that I needed to buy and didn't had any other money and even was maxed out on my credit card and wasn't get anymore loans, so it was literally the last resort for me before I had to sell all that I have.

And that's the purpose of why we invest, at least we get something to get from when we've got no options left. Although it's a hard feeling to sell it when we want to hold it for a longer period of time.

But it has served its purpose and not only you have been into that situation but also me.

[tread93]

Bitcoin is a tool to improve your life and make it better, If you never take profits or use it to buy a house, secure your family's future, or cover an emergency, it's just a number on a screen. I think "never sell your bitcoin" is like a motivation for better accumulation mindset, it helps ride of anxiety mentality when things get hard or when the market is at the bearish season, but life requires a withdrawal strategy eventually.

I couldn't agree more. We all got bitcoin one day to eventually perhaps have to fall back on or use it in the event of an emergency or to start a business or take a chance on yourself. Sometimes I think that people who hold onto the coin become so protective of it, because its like that gold ring in the lord of the rings hahah. No but seriously it is precious to its holders and real holders don't sell.... at least easily or perhaps even willingly parting with it maybe they have pressure from a spouse or family member