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

[Floczy]

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.

I guess that's not exactly what he meant, individuals here really have to work on what they write, let's not forget that people come here for informations. But I know a normal individual will understand that investment should be withdrawn or sold in future. That is clearly the point of investment.
Well I personally will hold investments till I retire Ind I will start withdrawing, not instantly tho, I'll withdraw bit by bit 

[Orpichukwu]

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...

There are also some among them who have those that advise them, but they don’t take advice; after all, it’s their money, so they decide what to do with it and when to sell. Their mind is never strong enough to overlook price dumps in the market, and some also have a little target, which, when they reach that value, they rush to sell. We also have those who do the selling with the hope that when value drops, they will be able to buy back.

[Youngrebel]

There are also some among them who have those that advise them, but they don’t take advice; after all, it’s their money, so they decide what to do with it and when to sell. Their mind is never strong enough to overlook price dumps in the market, and some also have a little target, which, when they reach that value, they rush to sell. We also have those who do the selling with the hope that when value drops, they will be able to buy back.

Most investors do not lose because Bitcoin failed but they lose because they lack a proper planning and strategy. Some panic mostly whenever the market drops while other sell too early after making a small profit, only for them  to watch the price continue rising and they are still people who are investing for time to time watching the market by selling high and buying back lower.

[Franklyn-wood]

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...

There are also some among them who have those that advise them, but they don’t take advice; after all, it’s their money, so they decide what to do with it and when to sell. Their mind is never strong enough to overlook price dumps in the market, and some also have a little target, which, when they reach that value, they rush to sell. We also have those who do the selling with the hope that when value drops, they will be able to buy back.

That is true about people who can't just wait for there investment to yield before they sell,this could be because of what they are told about crypto volatility which makes them more afraid of losing there investment.  To some it may be that the money used for the investment was made for some other projects and important for them to use it for the project, they won't want to wait  therefore seelling it out.

[SensitiveEyes]

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.

Never sell your bitcoin is misleading. He should write the full sentence and meaning by not selling or when selling. We are not going to acquire bitcoin to leave them stacked in wallets without a reason. Does he want to leave his bitcoin to someone in his will if the receivers will never sell them. We buy bitcoin because we have to sell them for benefits which money bring us. If he is never selling his bitcoin why is he acquiring them.

[SOKO-DEKE]

No when to sell your bitcoin and went to hold it, we must be deliberate about every decision we are taking with our bitcoin investment so that we can be profitable about it, this is where every investor has to have a bearing which serves as the direction to them on what to do at a particular time, these ensures that every step we are taking are unto our profitability and not to make losses at the end of our bitcoin investment journey.

The main point is that most people sell at the wrong time because they lack a proper plan. When we start our Bitcoin investment, we need to have a target for how much Bitcoin we want to hold in our portfolio and the level of profit we want to make from our investment. With a clear plan, we are less likely to sell at the wrong time.Some people find it difficult to hold Bitcoin for the long term because they don't set goals for themselves. In life, those who fail to plan are planning to fail. Therefore, everything requires proper planning to be successful. We should not invest in Bitcoin blindly without having a clear plan

[Rockstarguy]

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

The truth is that you can't hold your Bitcoin forever. There is a reason why we invest in Bitcoin: this is just to make a profit after the long term. Do not sell your Bitcoin simply due to volatility, emergency issues, short-term investment, or any occurrence; these shouldn't be reasons to sell Bitcoin.

When we say do not sell your Bitcoin, the primary goal is to invest in the long term and to achieve good profit, not just profits, but the kind of profit that can be achieved from long-term investment. This is what it all means by not selling your Bitcoin. Some people plan to invest long-term, but for various reasons, they end up selling at a loss or not making a good profit from it. The standard of a good investment is long-term that yields very good profits.

[Dr.Bitcoin_Strange]

Well, I don't know if there's any other reason behind the advice of not selling our Bitcoin, but another question to ask is that, if you don't sell, then what are you doing with it? Bitcoin is designed to be used for p2p transactions, to store value, so if you are using your coins for transactions, I don't think there's anything wrong there, but we should also know that every investor have their targets and desires for every Bitcoin their purchase, so nobody should decide for an investors whether he or she should sell or not. They will make the decision themselves, except it's a newbie.

[a-blockchain]

Only an actual intellectual process would be necessary to get over the bridge between viewing Bitcoin as simple valuable asset to realize that it is paradigm shifting money system. Majority of the ones that stroll in this space will be staring at fiat price chart and main objective is that u-event is to sell fiat at later time and earn greater amount of paper money. I think that message of Never sell your Bitcoin refers to the understanding that Bitcoin is the strategy of getting out, other than investment. You never sell your savings, back into system that is broken, instead you have the ultimate collateral. With fully grown Bitcoin economy, you do not have to sell your coins, but it is possible to borrow against your coins, use them as untouched store of value, or spend them as peer to peer money when the rest of the world catches up. The concept of selling is gone when you realize that fiat is meant to melt, and bitcoin to persist.

This is the most thoughtful explanation in the thread. The phrase is not about literally never selling it is about changing your mental framework.
Most people treat Bitcoin as a speculative asset to flip for fiat profit. The deeper understanding is that fiat is the thing losing value, not Bitcoin. When you truly internalize this, the question shifts from "when should I sell my Bitcoin" to "when do I absolutely need fiat for something".
I learned this the hard way. I sold 2 BTC years ago to buy a mining rig. The rig is now sitting in my garage collecting dust. Those 2 BTC would be worth over $120,000 today. I did not understand what I was giving up at the time. "Never sell your Bitcoin" is the lesson I wished someone had explained to me properly back then.

[Heebhareee]

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 believe Bitcoin is among Or ONE of the hardest currency one will ever think of.
So bitcoiners do not see Bitcoin as a currency to cashout of...they see it as something they'll save in, borrow against or probably spend directly when the world finally know the importance of what Bitcoin is worth.

[jossiel]

I believe Bitcoin is among Or ONE of the hardest currency one will ever think of.
So bitcoiners do not see Bitcoin as a currency to cashout of...they see it as something they'll save in, borrow against or probably spend directly when the world finally know the importance of what Bitcoin is worth.

And there are exchanges now that have that feature of borrowing against the bitcoin that we're holding. That's a good feature if we only have BTC in our holdings and we don't want to spend it yet we need cash.

But, bitcoin as a currency remains to be there and there are people who never stop using it as a means of payment just as how the traditional currency works.

While we're not stopping in holding it and we know the importance and value of it, its main feats will never change because that's how it started.

[Proty]

There are also some among them who have those that advise them, but they don’t take advice; after all, it’s their money, so they decide what to do with it and when to sell. Their mind is never strong enough to overlook price dumps in the market, and some also have a little target, which, when they reach that value, they rush to sell. We also have those who do the selling with the hope that when value drops, they will be able to buy back.

Most investors do not lose because Bitcoin failed but they lose because they lack a proper planning and strategy. Some panic mostly whenever the market drops while other sell too early after making a small profit, only for them  to watch the price continue rising and they are still people who are investing for time to time watching the market by selling high and buying back lower.

Bitcoin has never failed and anyone that losses money in bitcoin is probably due to there failure to understand how bitcoin investment works. It is only those that are after quick profit that often lose money or those that fail to follow the right part. There are people that may fail to invest with discretionary income and may end up selling at loss. Therefore, at this point it is not bitcoin that failed them but there there own mistake of investing money that was never meant for investment.

[m2017]

Well, I don't know if there's any other reason behind the advice of not selling our Bitcoin, but another question to ask is that, if you don't sell, then what are you doing with it?

What should do? Keep it until the very end. Why? Because it's an eternal hodl.

Any idea (hodl) should be implemented within reasonable limits, not carried to the point of blind (irrational) fanaticism.

Bitcoin is designed to be used for p2p transactions, to store value, so if you are using your coins for transactions, I don't think there's anything wrong there,

For storing value? Probably for exchanging (transferring) value, if it was created for p2p transactions.

There's probably something wrong with storing bitcoin, as it contradicts the purpose of it (whitepaper), namely, for use as a means of payment, not as a means of endless hodling.

But it's impossible to blame the entire world for misusing bitcoin. Humanity simply decided to change the purpose of this asset.

but we should also know that every investor have their targets and desires for every Bitcoin their purchase, so nobody should decide for an investors whether he or she should sell or not.

The goal of any investor is the same, namely, to make a profit, which means that one day the investor will be obliged to sell bitcoin (otherwise he is not an investor).

They will make the decision themselves, except it's a newbie.

So, will it be possible to make decisions for newbies? Who will do it?

[rezakurnia66]

I don't think so fully right about the words "never sell your bitcoin", if you have experienced around two until three years checking bitcoin price history fully realize this word not fully right keep holding bitcoin for long term or forever how many people saying. In my opinion you must looking forward for bitcoin possibility if already raising up better for selling and buy back later when bitcoin going dump, you can see by your self when bitcoin success hitting at higher price always another opportunity for bitcoin going down how happening recently.

Last year we are celebrating bitcoin success hitting ATH price if you keep hold it most disappointed because loss great chance to sell at higher price because bitcoin price nowadays drop significant more than 60% from ATH price.