Never sell your Bitcoin.

[Baki202]

The point of that statement is that you shouldn’t sell your Bitcoin and should treat it as a long-term investment, not as an asset to be sold in the short term. But not all Bitcoiners have the same goal of holding the Bitcoin they’ve accumulated forever—some sell it to make a profit. People who choose to hold their Bitcoin and don’t sell it view Bitcoin as their wealth and prefer to hold it with no plans to sell. But in my opinion, if you want to take profits, you should only sell a small portion and continue holding the majority, while continuing to accumulate and maintain your Bitcoin investment for the long term. That way, your investment remains intact, and when the price of Bitcoin rises, you can still benefit from it.

It is better for you to know that if your intention is to hold then you should hold and majority of people that want to hold are really having serious challenges because they are finding very hard for them to be patient and they are just not serious because when you are serious then you won't be bothered about what ever the price is because one thing they are always drawing there attention to is the price and it's not that deep because it's very easy to understand when the price falls it definitely bounce back in no time but having patience is now a problem.

And situation like this I don't even see any reason why the price should be a thing to stop anyone from investing and that is why when you have something else doing then you won't worry about what ever Bitcoin will come up with, when you hold for a long time it shows that you are intentional about your investment, because you will look for ways to sustain and not so sell because does that invest have plan B to fall back to like emergency funds.

[Luzin]

If we keep delaying the opportunity to enjoy the rewards and impose a rule on ourselves never to sell Bitcoin under any circumstances, how can we call that freedom? LOL

I agree with you, Bitcoin represents freedom. There's no law backing up that argument because it's someone's opinion, and maybe their goal is just to see Bitcoin go up. The strategy of never selling might be more suitable for long-term holders. Some people might also think that never selling is good, but not the majority. Everyone has the right to their own assets, and other people's arguments are suggestions that we can choose to use or just ignore. Because the control is entirely ours, the final decision is in our hands.

[laijsica]

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” should literally mean that you should not withdraw your Bitcoin holdings before a certain time. The investment objective of an investor is to generate profits. To get sustainable profits, you need to invest with discipline and be patient. No objective is ever achieved without applying the right strategy. To get the expected returns from Bitcoin, you must first build a decent Bitcoin holdings.

You should deposit Bitcoin regularly and use the DCA method to get a decent holding. “Never sell your Bitcoin” should also mean that you should never withdraw your entire amount of Bitcoin. Set a goal of depositing Bitcoin for 10 years and when you reach the over accumulation level, keep the capital intact and withdraw the profits to build real wealth.

[Wash Skin]

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.

You are the one that is not getting it the right way, never sell you bitcoin can not stop anyone from selling bitcoin, but he should know that if he sell his bitcoin, the price would have increased more after some years. That is what the statement is all about. It is a very good statement and very correct and not misleading.

The person who sells the Bitcoin he holds is actually destroying his future. It is best for any person to buy Bitcoin and hold it for future savings, whereas if a foolish person sells Bitcoin without holding it, he is destroying his future.
Strengthen your future now and eliminate financial shortages in the future, if you fill your future with Bitcoin holding, you will definitely get benefits.

[fuguebtc]

If you don’t have an emergency funds you cannot hold bitcoin for a very long time. It is not possible, .

What do you mean it's not possible?
Emergency funds is only for safety somebody can definitely hold bitcoin for a very long time without emergency funds, as long as you have a good source of income that could be enough to solve problems
But to be on a safer side it is advisable that you have emergency funds but that doesn't mean it is impossible to hold Bitcoin for a long time without emergency funds

An emergency fund is generally recommended to cover 3 to 6 month of living expenses. Therefore, it is essential and no source of income can ever fully replace its role. What guarantees that your job will never run into problem,  even if it has provided a high and stable income for many years?

But not everyone will have to face emergencies. So, it is not entirely true to say that no one can hold Bitcoin for the long term without an emergency fund. However, it is best to have an emergency fund.

[Mr_Brilliant$]

I was actually expecting you to tell us the reason you got after spending time with Bitcoiners, attending Bitcoin meetups, and reading books from the Austrian School of Economics, but you did not... You just ended by asking if we understand why Bitcoiners say never sell your Bitcoin…

But anyways, that whole never sell your Bitcoin thing, is it really practical? At some point, almost everyone will sell, whether it is to buy a house, start a business, retire, or for something else important.. I think hold for the long term is a better way to put it than saying never sell.. That sounds more realistic to me..

[laspol65]

I was actually expecting you to tell us the reason you got after spending time with Bitcoiners, attending Bitcoin meetups, and reading books from the Austrian School of Economics, but you did not... You just ended by asking if we understand why Bitcoiners say never sell your Bitcoin…

But anyways, that whole never sell your Bitcoin thing, is it really practical? At some point, almost everyone will sell, whether it is to buy a house, start a business, retire, or for something else important.. I think hold for the long term is a better way to put it than saying never sell.. That sounds more realistic to me..

actually it should have been said exactly like you mentioned. Of course people invest in Bitcoin for the purpose of getting more profit, because if a person invests in Bitcoin and holds it for a long time according to his plan, he will wait until he reaches his destination. The time until reaching the destination is long, if he cannot sell Bitcoin after a long time, then why would he hold Bitcoin? That is exactly the question.
That is why in simple terms we want to say that we will hold Bitcoin for a long time, hold it according to our plan and when we reach the destination, then he can take a decision according to his Bitcoin holding. Will he sell Bitcoin or wait more in the future days.

[knowngunman]

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

The first question to ask yourself is "why investing in something you'll never sell?" or how do you make profit from it when the purpose of every investment is to maximise profits at the end? If you reflect over these questions, you'll come to conclusion that never sell your Bitcoin does not literally mean never sell but it means hold it for long-term as long as possible until you're satisfied with the profits. Historically, bitcoin usually reward long term holders who are patience to hold even during rough time as we can see how the price has been increasingly high in a longer term.

[Cityhunter34]

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.

You are the one that is not getting it the right way, never sell you bitcoin can not stop anyone from selling bitcoin, but he should know that if he sell his bitcoin, the price would have increased more after some years. That is what the statement is all about. It is a very good statement and very correct and not misleading.

It's quite simple to understand that nobody else can stop you from enjoying your Bitcoin investment. So it's up to you to know the right time to sell, because it makes no sense to sell your Bitcoin at the wrong time. That's why people always say you should never sell your Bitcoin.

Sometimes we need to remember that Bitcoin investment is not a get-rich-quick scheme. So you should stick to your target, because each and every one of us here has different targets.

[dwyane36]

Sometimes we need to remember that Bitcoin investment is not a get-rich-quick scheme. So you should stick to your target, because each and every one of us here has different targets.

The days when investing in BTC could make you rich quickly are long gone. Nowadays, I believe BTC is an asset that will only yield good returns with medium- and long-term investments. If an investor’s goal is to get rich quickly, it makes sense to look into some alts that are more volatile in the short term than BTC.

[L E G E N D A R Y]

The days when investing in BTC could make you rich quickly are long gone. Nowadays, I believe BTC is an asset that will only yield good returns with medium- and long-term investments. If an investor’s goal is to get rich quickly, it makes sense to look into some alts that are more volatile in the short term than BTC.

Was there even ever a time that Bitcoin was a get rich quick scheme? Right from the onset, from what I know, bitcoin has always been a long term asset, and only those who are patient enough to hold for a long term are really able to get something reasonable or even get rich from it. Even those who were lucky to be among the early investors, but didn’t have the luxury of holding for a long term ended up getting peanuts for rewards, compared to those who held for years. Bitcoin has always been a long term asset that rewards patience and determination and never a get rich quick scheme.

[Yorubek]

If you don’t have an emergency funds you cannot hold bitcoin for a very long time. It is not possible, .

What do you mean it's not possible?
Emergency funds is only for safety somebody can definitely hold bitcoin for a very long time without emergency funds, as long as you have a good source of income that could be enough to solve problems
But to be on a safer side it is advisable that you have emergency funds but that doesn't mean it is impossible to hold Bitcoin for a long time without emergency funds

To achieve success in the future through Bitcoin investment, we must consistently manage our investments with a long-term plan. In addition to investing in Bitcoin, it is good to create an emergency fund so that in bad times, the investor can manage the investment with discipline without financial stress. It is natural that danger can arise at any time, so it is good to have an emergency fund so that the investment can be managed with consistency and discipline. Therefore, it is better to have an emergency fund so that the investment does not have to be stopped completely. However, if the investor can manage long-term investments in all situations without having an emergency fund, then it will not cause any big problem.

[Jubilee58]

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

When bitcoiners say never sell your bitcoin, they don't really mean you should not sell your bitcoin at all.
As bitcoin investors, we should understand that bitcoin has a limited supply, and therefore appreciate in value with time, so it is advisable that investors should be patient enough with their bitcoin investment, and avoid selling in a hurry or when their is price fluctuation maybe during price drop. During the bear market, many bitcoin investors do panic, and sell their bitcoin even at loss.

Sometimes, you also see some bitcoin investors selling their Bitcoin for another cryptocurrency, maybe they feel bitcoin is expensive, so they sell their bitcoin to accumulate other cryptocurrency in huge number which is wrong, and such act eventually lead them to investing into the wrong asset.

There are other bitcoin investors who also sell their bitcoin investment for fiat currency maybe do to bear market or market volatility, but this behaviour is a way of putting yourself into financial , and investment risk because your fiat currency depreciate in value while bitcoin increases in value over time.

Some of these points mentioned above are the reasons why bitcoiners say you should not sell your bitcoin.

[RockBell]

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.

You are the one that is not getting it the right way, never sell you bitcoin can not stop anyone from selling bitcoin, but he should know that if he sell his bitcoin, the price would have increased more after some years. That is what the statement is all about. It is a very good statement and very correct and not misleading.

The person who sells the Bitcoin he holds is actually destroying his future. It is best for any person to buy Bitcoin and hold it for future savings, whereas if a foolish person sells Bitcoin without holding it, he is destroying his future.
Strengthen your future now and eliminate financial shortages in the future, if you fill your future with Bitcoin holding, you will definitely get benefits.

The moment you see the price go up and you have sold already then you will know how it feels because you will start to wish that you never sell and when you tell people that they should be patient they take it for jokes because one of the key things is for you to be patient enough after investing and that is what most people are finding it hard and all this is because we are ready use to spending money if not it is not that difficult to hold because before you know it the price will start to pump and when you make profit then everyone becomes happy.

[BitBakerr1]

Sometimes we need to remember that Bitcoin investment is not a get-rich-quick scheme. So you should stick to your target, because each and every one of us here has different targets.

The days when investing in BTC could make you rich quickly are long gone. Nowadays, I believe BTC is an asset that will only yield good returns with medium- and long-term investments. If an investor’s goal is to get rich quickly, it makes sense to look into some alts that are more volatile in the short term than BTC.

You are actually correct, if you want to make quick profit in bitcoin now you are simply wasting your time, to make profit in bitcoin this days you have to go into long term bitcoin investment meaning you need to accumulate and hold your bitcoin for long term, and again you are correct to make quick money in cryptocurrency is better you go for aIt coins since is highly more volatile in nature than bitcoin, those who are traders should know this by now, aIt is the best when it comes to trading and is also more risky.

[CryptoBuds]

Sometimes we need to remember that Bitcoin investment is not a get-rich-quick scheme. So you should stick to your target, because each and every one of us here has different targets.

The days when investing in BTC could make you rich quickly are long gone. Nowadays, I believe BTC is an asset that will only yield good returns with medium- and long-term investments. If an investor’s goal is to get rich quickly, it makes sense to look into some alts that are more volatile in the short term than BTC.

You are actually correct, if you want to make quick profit in bitcoin now you are simply wasting your time, to make profit in bitcoin this days you have to go into long term bitcoin investment meaning you need to accumulate and hold your bitcoin for long term, and again you are correct to make quick money in cryptocurrency is better you go for aIt coins since is highly more volatile in nature than bitcoin, those who are traders should know this by now, aIt is the best when it comes to trading and is also more risky.

The era of getting rich quick, or turning a small amount of money into a fortune is over. Even if you hold Bitcoin for decades, it will be difficult to make a meaningful financial difference if your initial investment is too small.

You will not become a millionaire just by investing $1k or $10k in Bitcoin, even if you hold it for the next decade or two. This is something many people still fail to recognize. They still believe Bitcoin will deliver x10 or even x100 returns in future cycles.

That is impossible when Bitcoin's marketcap has reached trillions of dollars.

[Son Of Blockchain (SOB)]

The days when investing in BTC could make you rich quickly are long gone. Nowadays, I believe BTC is an asset that will only yield good returns with medium- and long-term investments. If an investor’s goal is to get rich quickly, it makes sense to look into some alts that are more volatile in the short term than BTC.

You are actually correct, if you want to make quick profit in bitcoin now you are simply wasting your time, to make profit in bitcoin this days you have to go into long term bitcoin investment meaning you need to accumulate and hold your bitcoin for long term, and again you are correct to make quick money in cryptocurrency is better you go for aIt coins since is highly more volatile in nature than bitcoin, those who are traders should know this by now, aIt is the best when it comes to trading and is also more risky.

Bitcoin was never created to bring quick wealth, Satoshi even set an example by refusing to sell his holdings to people would see it increase as time goes and embrace long term holding. Anyone trying to use Bitcoin as a quick profit scheme is risking funds and would definitely end up disappointed cause the market is more volatile and though to speculate lately.
 Trading is a choice but something I don't like to advise people on, Bitcoin has it's own risk, no doubt but I rather risk on something with a better hope for returns than taking chances on coins that are less reliable, I prefer going through a lengthy process to make wealth than a quick but more risky one.

[imthegreat]

Some of these points mentioned above are the reasons why bitcoiners say you should not sell your bitcoin.

This is true, but the majority of Bitcoin investors are unqualified investors who will panic at any price fluctuations. Consequently, they will sell low and sell high. Unfortunately, this is often the case, and this layer of Bitcoin investors is always changing, as the weak ones leave and are replaced by equally weak ones who haven't yet lost money due to their timidity or greed.
Overall, I would advise all Bitcoin investors to focus less on the price and "forget" about this investment more, as Bitcoin is sure to break its ATH soon.

[LoyceV]

I prefer to say: "Never sell everything"! If you need to buy something, buy it. If When Bitcoin goes up ten-fold in the future, you don't want to be out of it.

[Dewali]

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

      To  me as a beginmer who Is new to this financial technology , who's till struggling to understand  somethings , I do understand that bitcoin can go up ,but unless I sell or buy something with it . With that I don't gain in increases in value.
  When people say "Never sell your bitcoin" what doew it goes down to if it doesn't increase in purchasing power of it or increase in value of bitcoin then I don't think I understood what it means when people said one should invest in it because it's the future of global exchange