Never sell your Bitcoin.

[cxtreenal]

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.

Those who try to get rich quick are traders. A long term Bitcoin investor can expect high returns from his holdings if he is careful about the security of his holdings. The truth is that a long term Bitcoin holding will not give you any guarantee of getting profits because the price will be volatile.

Getting rich depends on how disciplined you are in investing in Bitcoin and whether you have been accumulating regularly for 4-10 years. I think that if an investor can accumulate Bitcoin for two or three cycles without interruption regardless of the price using the DCA method, he can at least get higher returns than expected.

[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.

Those who try to get rich quick are traders. A long term Bitcoin investor can expect high returns from his holdings if he is careful about the security of his holdings. The truth is that a long term Bitcoin holding will not give you any guarantee of getting profits because the price will be volatile.

Getting rich depends on how disciplined you are in investing in Bitcoin and whether you have been accumulating regularly for 4-10 years. I think that if an investor can accumulate Bitcoin for two or three cycles without interruption regardless of the price using the DCA method, he can at least get higher returns than expected.

Buying Bitcoin doesn't guarantee anyone riches, even holding longer doesn't do same but since Bitcoin is known to be progressive as time goes, I gives hope to long term holders, that's why people are encouraged more on holding that being speculative with their coin for more profits.
 Every investment requires discipline and patience so since Bitcoin is an investment option, it's not exempted. So instead of doing things that would attract more lose than future gains, it's better to hold Bitcoin longer. Not everyone can relate cause some have already made their choice to take more risk trying to get rich quick with it.

[puloweh555]

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.

Yes, I also agree with your opinion. Never selling Bitcoin doesn't mean never selling at all, but rather it's more about holding Bitcoin for the long term because it will provide you with more significant profits. Indeed, if we look at Bitcoin history it has proven that holding Bitcoin will provide long term profits. Almost everyone who sells Bitcoin always ends up regretting it because Bitcoin continues to reach new ATHs after each cycle.

So, we must understand that the philosophy behind never selling your Bitcoin doesn't mean literally never selling at all for life. Rather it's a mental and philosophical strategy to resist the temptation to sell in the short term so that we can gain profits in the very long term.

[OgNasty]

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

The truth is that they don't want you draining their bags.  If Bitcoin is to succeed, it needs quite a bit of liquidity.  I actually think the people who sell the tops and then buy investments that kick off income so they can buy the bottom are the guys who support the market the most.  If I never sold any Bitcoin, I wouldn't have the investments that allow me to stack now.  Everyone's situation is different, but I'd advise you to not worry about other people when making your selling decisions.

[AakZaki]

-snip-

Getting rich depends on how disciplined you are in investing in Bitcoin and whether you have been accumulating regularly for 4-10 years. I think that if an investor can accumulate Bitcoin for two or three cycles without interruption regardless of the price using the DCA method, he can at least get higher returns than expected.

I think it's just a theory bulshit. If someone wants to invest in Bitcoin without knowing when the bullish cycle ends and the bearish cycle starts it will all be pointless, because it could lead to a floating loss or loss if we strongly hold it.

If you look at the recent Strategy company, they have been accumulating Bitcoin since 2020 and have been accumulating Bitcoin almost every week, in fact after six years they missed twice ATH, and worst of all they are currently experiencing a floating loss and selling their Bitcoin at a recent loss.

In the last month they have lost -$15,717,363. And within six years they suffered a floating loss of about $9,813,947,025.

[Inwestour]

Those who try to get rich quick are traders. A long term Bitcoin investor can expect high returns from his holdings if he is careful about the security of his holdings. The truth is that a long term Bitcoin holding will not give you any guarantee of getting profits because the price will be volatile.

Getting rich depends on how disciplined you are in investing in Bitcoin and whether you have been accumulating regularly for 4-10 years. I think that if an investor can accumulate Bitcoin for two or three cycles without interruption regardless of the price using the DCA method, he can at least get higher returns than expected.

I think that if an investor follows a Bitcoin DCA strategy throughout the entire market cycle, they'll end up buying during both the bear market and the bull market. That also means buying at ATH, which won't have the best effect on their average purchase price. As a result, their overall profit may not be that impressive.

That's why I lean toward avoiding Bitcoin purchases when it's trading at or near an ATH and focusing more on buying during the deep bear market instead. Here's my personal opinion. I think Bitcoin has become too large an asset to expect extraordinary returns from it. You can certainly invest in Bitcoin to make a profit and protect your capital from inflation, but I don't think investors should expect huge gains from it anymore.

[SensitiveEyes]

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.

I don't even know why you will want to sell your Bitcoin it does not make any sense and I don't know the kind of money that you will need that you will even sell your assets and even if you sell it does not change anything actually but the truth of it all is people should prioritize what they have because with the kind of value that Bitcoin have if I dont make profit because what will happen when I don't make profit and people never learn that is one of the problem and when you are about to invest this are things that an investor is to know before you start.

And we should all know that investing in Bitcoin is a game of patient because there is no hurry when it comes to investing in Bitcoin because you will have to wait till your profit have been made before you sell but people are always, selling because they don't even have any other plan.

Selling your bitcoin must be part of the plan. People must sell their bitcoin to realise the profit. Never selling bitcoins says never make a profit. There is no point stacking bitcoin if the profit is not real. People are lured to bitcoin because of profits. If you are never selling bitcoin you should not be investing.

Bitcoin is a game of patience, you must be patient if you want a profit. People who say they will never sell are never going to make a profit. You must have a plan to sell at the right price or never hold a profit in your life.

[Zanab247]

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…

There are some school you will attend to learn BTC you will not get the knowledge some newbies are getting from this forum, because you will see different question and different answers from different professional Bitcoiners to allow some to know what to do whenever there is bull and bear season. This forum have helped many users who made up their mind to learn from this forum because, they are bold to ask any kind of question that will position them for profit earning and is making investors to be making progress from BTC investment.

We have researchers who don't just enter market to start selling BTC without carry out their research, because there are a lot of things they will see in that research that will make them to be bold to sell coins to make massive profits.

[Mate2237]

Even though the idea about never sell our Bitcoin is what is the order of the day, especially in this forum but critically looking at Bitcoin as an asset, we can't totally remove selling. Because one thing that keeps an asset alive and sort after is the rate at which individual and institutions buy and sell such assets.Liquidity of an asset is one fundamental characteristics that most investors look at, and if no body sells then such an asset will not appreciate in price.


How important an asset is, is actually reflected in the demand and supply of such assets. If everyone holds on to the asset without selling it, it's going to have an impact on the Bitcoin market and that is not going to be too positive to the Bitcoin ecosystem.

[free-bit.co.in]

Even though the idea about never sell our Bitcoin is what is the order of the day, especially in this forum but critically looking at Bitcoin as an asset, we can't totally remove selling. Because one thing that keeps an asset alive and sort after is the rate at which individual and institutions buy and sell such assets.Liquidity of an asset is one fundamental characteristics that most investors look at, and if no body sells then such an asset will not appreciate in price.


How important an asset is, is actually reflected in the demand and supply of such assets. If everyone holds on to the asset without selling it, it's going to have an impact on the Bitcoin market and that is not going to be too positive to the Bitcoin ecosystem.

Aside from a few forum member,  I have never really seen that view gain much support. It has never been a popular opinion because more than 90% of the people in this market are here for the profit.

On top of that, I do not really believe anyone who say they will never sell their Bitcoin. Like Saylor, he constantly repeated never sell like a mantra, but ultimately, he was the one who sold his bitcoin when he had no other choice. Look at what people do, not just what they say.

The market run on profit and greed. There is no such thing as everyone holding forever and never selling.

[SensitiveEyes]

Even though the idea about never sell our Bitcoin is what is the order of the day, especially in this forum but critically looking at Bitcoin as an asset, we can't totally remove selling. Because one thing that keeps an asset alive and sort after is the rate at which individual and institutions buy and sell such assets.Liquidity of an asset is one fundamental characteristics that most investors look at, and if no body sells then such an asset will not appreciate in price.


How important an asset is, is actually reflected in the demand and supply of such assets. If everyone holds on to the asset without selling it, it's going to have an impact on the Bitcoin market and that is not going to be too positive to the Bitcoin ecosystem.

Buying bitcoin but never selling is a deficiency in how people think. You buy bitcoin because you want wealth. Wealth is not a bad thing if people want to live an enjoyable good life so people think about bitcoin being good for their future. You should not buy bitcoin if you are never selling. If you want to enjoy generating profits you must sell them one day. You must have a price in your head which will make you sell. If everyone holds on to the asset the liquidity will impact the market.

[Cryptmuster]

Buying bitcoin but never selling is a deficiency in how people think. You buy bitcoin because you want wealth. Wealth is not a bad thing if people want to live an enjoyable good life so people think about bitcoin being good for their future. You should not buy bitcoin if you are never selling. If you want to enjoy generating profits you must sell them one day. You must have a price in your head which will make you sell. If everyone holds on to the asset the liquidity will impact the market.

Any asset we buy, we buy with a specific purpose, most often, it's to make a profit. And I don't think there are investors so fanatical, so blindly believing in Bitcoin, that they buy it to hold it for their entire lives and pass it on to their children. Investors buy Bitcoin to sell it later at a profit. Even Saylor, who said he'd never sell, is now forced to sell, so I don't think there are any investors in the world who are ready to hold any asset for their entire lives. Perhaps there are those who strongly believe in gold. Actually, I do too, and such an asset can be held for a very long time. But Bitcoin still remains a high risk asset.

[cocadalcan]

Even though the idea about never sell our Bitcoin is what is the order of the day, especially in this forum but critically looking at Bitcoin as an asset, we can't totally remove selling. Because one thing that keeps an asset alive and sort after is the rate at which individual and institutions buy and sell such assets.Liquidity of an asset is one fundamental characteristics that most investors look at, and if no body sells then such an asset will not appreciate in price.


How important an asset is, is actually reflected in the demand and supply of such assets. If everyone holds on to the asset without selling it, it's going to have an impact on the Bitcoin market and that is not going to be too positive to the Bitcoin ecosystem.

Buying bitcoin but never selling is a deficiency in how people think. You buy bitcoin because you want wealth. Wealth is not a bad thing if people want to live an enjoyable good life so people think about bitcoin being good for their future. You should not buy bitcoin if you are never selling. If you want to enjoy generating profits you must sell them one day. You must have a price in your head which will make you sell. If everyone holds on to the asset the liquidity will impact the market.

Literally Bitcoin is buying/accumulation regularly for profit but you have to remember that short term selling is not a right and proper decision. Short term trading plan can make you mentally disturbed and sometimes it can lead to loss because whenever you want to profit from Bitcoin soon you have to focus on the market price situation. Such a situation can be scary for you or there will be a mental stress of liquidity without accumulation a suitable amount of Bitcoin.

Invest in Bitcoin for long term not short term trading and this long period would be 4 years or a cycle at least. After that you may sell part if you are in profit. Accumulate Bitcoin regularly through discretionary income and in long term as I have recommended earlier for 4 years or 10 years or more and generally at least 4 years is a good strategy to accumulate Bitcoin regularly.

[RockBell]

Yes, I also agree with your opinion. Never selling Bitcoin doesn't mean never selling at all, but rather it's more about holding Bitcoin for the long term because it will provide you with more significant profits. Indeed, if we look at Bitcoin history it has proven that holding Bitcoin will provide long term profits. Almost everyone who sells Bitcoin always ends up regretting it because Bitcoin continues to reach new ATHs after each cycle.

And when you tell people not sell some will even see you as an enemy but after selling then they will understand the reason why they are not suppose to sell because the moment they sell it won't be long before the price starts going up and they start regretting and nothing you will tell they that will stop them from selling and after selling it will all results into regret because you give what you don't have so something you have sold you can not have it back the best thing would have been for you staring at both your capital and you profit because that is the result you will get.

So, we must understand that the philosophy behind never selling your Bitcoin doesn't mean literally never selling at all for life. Rather it's a mental and philosophical strategy to resist the temptation to sell in the short term so that we can gain profits in the very long term.

There is ia no way that you will buy Bitcoin and you will not sell it is not even possible but the best thing will be for you to sell when it makes sense to sell and that is exactly when the profit have been made because what is the reason why we are investing that will be because of we want to make profit.

[SensitiveEyes]

Buying bitcoin but never selling is a deficiency in how people think. You buy bitcoin because you want wealth. Wealth is not a bad thing if people want to live an enjoyable good life so people think about bitcoin being good for their future. You should not buy bitcoin if you are never selling. If you want to enjoy generating profits you must sell them one day. You must have a price in your head which will make you sell. If everyone holds on to the asset the liquidity will impact the market.

Any asset we buy, we buy with a specific purpose, most often, it's to make a profit. And I don't think there are investors so fanatical, so blindly believing in Bitcoin, that they buy it to hold it for their entire lives and pass it on to their children. Investors buy Bitcoin to sell it later at a profit. Even Saylor, who said he'd never sell, is now forced to sell, so I don't think there are any investors in the world who are ready to hold any asset for their entire lives. Perhaps there are those who strongly believe in gold. Actually, I do too, and such an asset can be held for a very long time. But Bitcoin still remains a high risk asset.

The purpose to buy is profit. You buy bitcoin to sell it later. Buyers who keep their bitcoin and do not want to sell are doing something illogical. If they do not sell what are they going to do. Bitcoin is something to trade for because you can make a profit selling it for more than your buy price. If everyone with any bitcoin never sold it there would be no btc available to buy from exchanges. There is no benefit in holding bitcoin for your entire life.

[Anthony Bill]

If you want to listen to some Bitcoin investors you will continue regretting until you grow to some stage that will open your mind not to complain when you sell your Bitcoin. Sometimes you may be waiting in the process of hodling Bitcoin and fall into financial issues and the only solution you have at the moment is to sell your Bitcoin to solve the situation, no option than to sell your Bitcoin. I will not take such advise from anybody because is not going to affect them when I find myself in the police station or hospital.

[MRY]

If you want to listen to some Bitcoin investors you will continue regretting until you grow to some stage that will open your mind not to complain when you sell your Bitcoin. Sometimes you may be waiting in the process of hodling Bitcoin and fall into financial issues and the only solution you have at the moment is to sell your Bitcoin to solve the situation, no option than to sell your Bitcoin. I will not take such advise from anybody because is not going to affect them when I find myself in the police station or hospital.

Emergencies require a quick intervention to overcome life problems. It would be rational to sell property in case life or safety is at risk. To an investor, the opinions of other people should not be of first importance with regard to their immediate needs. In the event of a crisis, cash on hand is better as compared to investments. Always put in consideration your safety.

[Doll2233]

If you want to listen to some Bitcoin investors you will continue regretting until you grow to some stage that will open your mind not to complain when you sell your Bitcoin. Sometimes you may be waiting in the process of hodling Bitcoin and fall into financial issues and the only solution you have at the moment is to sell your Bitcoin to solve the situation, no option than to sell your Bitcoin. I will not take such advise from anybody because is not going to affect them when I find myself in the police station or hospital.

Emergencies require a quick intervention to overcome life problems. It would be rational to sell property in case life or safety is at risk. To an investor, the opinions of other people should not be of first importance with regard to their immediate needs. In the event of a crisis, cash on hand is better as compared to investments. Always put in consideration your safety.

You are right. You should save a money for the any kind of emergency which can happen at any time. Emergency funds are important because you can fulfill your needs if you baby is injured by any accident and you need and you should not sell your investment in which you invested your most of the money. People are buying the Bitcoin for the future but they have no emergency funds and they are at risk if any emergency happens and I saw many people who sold their Bitcoin with loss because of their folish mindset and if they have mindset of investor they should invest the money which they don't think they have in their pocket. You should hold some money in the bank which will show that you are safe in any situation.

[Cleanslate_]

Because Bitcoin will be a great asset when not being sold at any point in time the market is market is moving up and down, but rather hold it for a long term of 4-10 years and have a great reward.

Accumulating with the dca strategy with your discretionary income gives you a great chances of getting some good number of stash in your portfolio, than waiting until you have a huge amount of money before purchase.

[Smack That Ace]

Any asset we buy, we buy with a specific purpose, most often, it's to make a profit. And I don't think there are investors so fanatical, so blindly believing in Bitcoin, that they buy it to hold it for their entire lives and pass it on to their children. Investors buy Bitcoin to sell it later at a profit. Even Saylor, who said he'd never sell, is now forced to sell, so I don't think there are any investors in the world who are ready to hold any asset for their entire lives. Perhaps there are those who strongly believe in gold. Actually, I do too, and such an asset can be held for a very long time. But Bitcoin still remains a high risk asset.

I also do not believe anyone would be so fanatical as to hold onto Bitcoin forever without selling it. Bitcoin is an investment, and making a profit is the main reason most people get into the market in the first place. So it is hard to believe anyone would put most of their wealth into Bitcoin with no plan to make a profit.

A lot of people give that advice to others, but they do the exact opposite themselves. Saylor is a good example. He tell everyone to never sell Bitcoin, yet he has sold his own Bitcoin. Watch what they do, not what they say.

Bitcoin is riskier than gold, but that is not why we should sell it. We sell because that is the whole point of investing in the first place. Investing is about making a profit.