One reason why you shouldn’t sell Bitcoin too early

[Just Say]

Why do I hold Bitcoin?  It is 100% to make profit. Let's not kid ourselves, profit is the main driving force of every investment, it is what made Bitcoin this successful. Bitcoin is structured in such a way that it will attract more demands: being money, it creates scarcity with its 21M cap total supply and its supply halving. According to the law of supply and demand, this scarcity characteristics increases its demand which in turn increases price. So even if we all say "we're in it because of it's utility alone", a lot of investors are in it for profit.

You are not wrong if we are being honest to ourselves because most people take the risk of investing in Bitcoin for the potential profit from it, even though they are aware that it doesn't guarantee quick profit. And that potential profit is what attracts attention, adoption and that contributes to Bitcoin's success and we know if people saw no value in it, no one will care to use it. But the structure of Bitcoin is what gives people the mindset to invest for long term.

Bitcoin doesn't guarantee profits even in the long term either and not just in the short term. People are attracted to Bitcoin for different perspectives, most people are attracted to Bitcoin because it is a store of value, for investment as it value can increase over time,

Yes, people are attracted to Bitcoin from different perspectives, but I'm attracted to Bitcoin mainly because it has the potential to generate yield if held for the long term and it can also fight against inflation, as this currency acts as a hedge against inflation. By the way, the world's economic infrastructure is under pressure due to geopolitical conflicts and trade tensions, which is also causing inflation in my country.

Bitcoin is limited in suply that is 21 million, many more but just few to mention, all of this can be considered as profit in my own point of view and which has also influence the adoption rate and has contributed to Bitcoin success.

Absolutely you are right the supply of Bitcoin is limited, meaning it is 21 million, in that context it is becoming easier to prevent the depreciation of fiat currency by patiently buying this currency in fractional amounts regularly and as far as I know since it is a means of saving and investment, holding it with a long-term mindset opens up a way to earn significant profits. Even considering the past price chart of Bitcoin, we should save BTC for the coming years and everyone should preserve wealth by investing in electronic currency.

[GeorgeJohn]

If you look at today's exchange rate it is clear he is sorry but at that time I am sure he considered the sale of thousands of bitcoins as a profit. However, when it comes to regrets from selling bitcoin too early, there is no end to them. And now the benchmark of selling too early is no longer valid, no matter how much bitcoin you buy and sell, the facts are different.

There's no time selling Bitcoin early have been favourable by a Bitcoin holder...That should be one thing we should know, secondly, Bitcoin have no benchmark of selling early or not selling early, i think you misunderstand something here...The thing we are emphasizing on bitcoin is that, bitcoin is fast increasing and the longer bitcoin stays the more it's adding more potentials, except that the market is not friendly with it at the moment...But holding of bitcoin for long-term is more preferable than holding for short-term, and i understand that most people who sells their bitcoin early, are the short-term holders and if the price increases they always regret for selling early.

[aoluain]

The beauty of Bitcoin is that everyone who takes full custody of their Bitcoin is free to do with
it as they like. Everyone is also free to give advice but there really are no do's and dont's when it
comes to buying and selling per say.

The thread title may sound like a command, "shouldn't" could be replaced with "its not advisable".

But then again if anyone is in profit they can choose when to sell.

Also I think everyone at this stage has heard all the stories of people selling and regretted the
move but in the early days who knew Bitcoin could be valued at $125,000? It was fantasy.

[Unknown Op]

The post shows that he did not plan to hold for long because he is expressing regrets for selling at $0.3 and not wait till it got to $8. If he had believed in Bitcoin, he would have held some of those 1,700BTC, lets say held 50% and wait to see where Bitcoin gets to. Imagine holding even 10% of those coins till now, that would have made him a millionaire. This is why I strongly recommend people holding some of their coins and never running out of Bitcoin.

I got your point like not selling all of the Bitcoin but i don't think selling at 0.3 means he didn't believe on Bitcoin. At that time nobody believed that it would reach 8$  or higher. If someone sells today and price goes up after years we can say he should hold those assets a little more but that person didn't know at that time. We know outcome know so it's easy to judge now at today's perspective.

1700 Bitcoin example shows us how big that opportunity was. But holding all those 1700 coins also required the person to keep them hold for years without knowing future. It's easy to say now because we know the worth but at that time nobody knew that. So this example shows us power of hindsight more rather than proving that selling was a mistake

[Achalugo BTC]

Yes, people are attracted to Bitcoin from different perspectives, but I'm attracted to Bitcoin mainly because it has the potential to generate yield if held for the long term and it can also fight against inflation, as this currency acts as a hedge against inflation. By the way, the world's economic infrastructure is under pressure due to geopolitical conflicts and trade tensions, which is also causing inflation in my country.

You are right Bitcoin gives people the financial freedom and the government does not support it, that's why they are making sure they are in control of it. This is why it serves as a form of support when there is inflation, which is why many people are interested in it just as way you did and this is a much safer for one to save than keeping it in banks, and that is a very good step for everyone to take as it will protect and be beneficial to them in different areas of their lives.

[Churchillvv]

Even though this thread is up to seven pages I still want to say this, imagine the guy op dropped his post on X(twitter) he is regretting selling at selling cheap at the post which is not even the last two years but many years back imagine his regret at the current price of bitcoin, it’s really crazy how much people are regretting selling and I don’t wanna be part of that, it’s crazy people may not understand this now till the nearest future where they can’t afford it anymore.

[famososMuertos]

:://:::

The thing is, you're confusing things. You can't mix stories of selling now (or in the contemporary present) with a sale in its early stages. They are totally different situations. Even someone who sold for $10,000 would still have an interesting advantage right now, but it's not the end of the world, unlike what happened to those who sold in the beginning (e.g. $0.30). Right now, we're only at a 50% loss, which isn't much.

Ah, to answer your question, I have much more to gain if I don't sell than if I do. It's a simple phrase, but it's decisive.

[OsaiEmma]

Why do I hold Bitcoin?  It is 100% to make profit. Let's not kid ourselves, profit is the main driving force of every investment, it is what made Bitcoin this successful. Bitcoin is structured in such a way that it will attract more demands: being money, it creates scarcity with its 21M cap total supply and its supply halving. According to the law of supply and demand, this scarcity characteristics increases its demand which in turn increases price. So even if we all say "we're in it because of it's utility alone", a lot of investors are in it for profit.

Always thinking of taking profits as an investor will make you sell when you are supposed to be holding because of just small profit and it's not also all investor that is in for profit some are accumulating bitcoin as a future asset to there children also know bitcoin also serve as a store of value.

Again saying bitcoin is 100% to make profits simply means that we are guarantee to make profits from bitcoin if we can hodl for long well if this what you mean then you are wrong because as i know bitcoin doesn't guarantee us profit even though it's held for a long time.

The future isn't sure we can't predict what will happen in the future and since bitcoin is also a volatile asset it may come down to the price we never expected even after holding for long so let's not be deceive just accumulate with money you can let go if the worst should happen it wouldn't affect you in any way.

First of all, i didn't say Bitcoin guarantees 100% profit. when I said "it is 100% to make profit" what I meant was that I'm in it for the profit 100%.

Now, when you said Bitcoin is a store of value and in the next paragraph said bitcoin doesn't guarantee profit even though it's held for long, also said it may come down unexpectedly, don't you think that's a bit contradictory. If bitcoin is a store of value, then it is meant to preserve your purchasing power over time and not reduce it.

You're right when you said we can't predict the future, but with Bitcoin scarcity mechanism we all can guess what the future of Bitcoin will look like. Someone in the forum once said Bitcoin has only one direction, up and to the right  .

[Mr_Brilliant$]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early. And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price. Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned. But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin. I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price. And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

(Source)

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

Patience is indeed so important when it comes to Bitcoin.
Even though he didnt sell at 0.30 and sold at $8, he would definitely still be regretting it by now. Haha.
Patience is indeed a virtue, a lot of persons who has been patient enough, would attest to that..

[TheUltraElite]

Everyone made profits in their time of buying/selling. It does not mean that they were wrong to sell, they had their reason to sell and it is possible that they might not have been in a condition to sell today at this huge price or may have passed away by them, making all those coins worthless without access to their next of kin.

Hence I never discourage selling of coins for profit if you are in need of the money. You sell when you need to and in fact selling and then buying back at the low is a method to cycle the money over and over again in order to increase your stack of coins over time.

[Agathamay]

Edited out

Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you?

If someone's conviction is based solely on price increase then they may panic sell asap they see 30/50% correction.

But those who have conviction about long term adoption of Bitcoin I don't think they much care about this temporary volatility. So why are you holding Bitcoin? It is important to realize first.

I strongly agree with you on this as judging from the tweets from the man, and his areas of interest, you'll also realize that, he wasn't that much interested in holding but rather he was focused on the little opportunities that comes with it.
The moment a person focuses on price increase, then there are truly high chances that such a person would sell out their coins as soon as they get any positive increase in their coin but if one is focused on long term holdings, then the market price wouldn't have to bother them.

[Hyphen(-)]

Everyone made profits in their time of buying/selling. It does not mean that they were wrong to sell, they had their reason to sell and it is possible that they might not have been in a condition to sell today at this huge price or may have passed away by them, making all those coins worthless without access to their next of kin.

Hence I never discourage selling of coins for profit if you are in need of the money. You sell when you need to and in fact selling and then buying back at the low is a method to cycle the money over and over again in order to increase your stack of coins over time.

You are right; this has already happened I am sure, many would have gone leaving their Bitcoin unaccesssble to anyone because no one might had the opportunity to get access to their Bitcoin or know they hold Bitcoin which is lost to the family especially as the price of Bitcoin grow everyday.

Investors who couldn’t believe in Bitcoin and sold at a cheaper price would have themselves to be blamed because they had the opportunity to hold or even buy more, but they don’t have conviction on Bitcoin and they sold cheap; such type of people are the once regretting how.

This should just be a motivation to us now I think, holding or buying more now if there is an opportunity to buy is good, but if you don’t have the opportunity or financial stability, don’t feel you will be missed out because that’s life, your opportunity will come.

[puloweh555]

Even though this thread is up to seven pages I still want to say this, imagine the guy op dropped his post on X(twitter) he is regretting selling at selling cheap at the post which is not even the last two years but many years back imagine his regret at the current price of bitcoin, it’s really crazy how much people are regretting selling and I don’t wanna be part of that, it’s crazy people may not understand this now till the nearest future where they can’t afford it anymore.

I also want to add that we should take lessons from other people's experiences for ourselves, both now and in the future. Regret always comes when we no longer have Bitcoin because we sold it too early. We don't need to look too far just two years ago many people regretted when Bitcoin dropped sharply, but when a halving happened, Bitcoin reached a new ATH. 

If we look at the last ATH price and compare it to the current price, we could say this is a good time to accumulate Bitcoin because if we look at the percentage drop, Bitcoin has decreased up to 60%. What I mean is we shouldn't end up regretting like previous people who didn’t buy Bitcoin at this time, but in a few years Bitcoin could hit a new ATH.