Topic: Do Bitcoin Maxis sell - ever? (Read 261 times)

Not every time can an investor afford to keep bitcoins as an investment, for me the only bitcoins I own are the ones I get from the signature campaigns and I do have to sell them for my day to day food and accomodation. The idea of investment in Bitcoin is great but it's a big upkeep and trading ( day to day ) is absolutely amazing if you do have a good trading platform which gives instant options and at the same time allows to exchange in usdt instantly. Due to volatility of the market you can always make more money but I do think the whole idea of maxis holding bitcoins is waiting for the right time, they definately sell but they invest again as well and then there are people like the creator who actually are the backbone and provides it solidarity, I wonder if they will ever sell it.

I'm not a bitcoin maxi but I believe in never, ever selling bitcoin. The only bitcoin I sold was for buying a few items online, which is not selling in the sense of trading it away for cash. But I certainly don't think buying Ethereum is "stupid." Anyway, it's not my intent to derail this thread, but I suppose one takeaway here is you don't have to be a bitcoin maxi to believe bitcoin should never be sold.

I should mention that if someone has an emergency, it may be advisable to sell some bitcoin. Everyone's situation is different.

If someone just holds Bitcoin, but has fiat income and other assets, they have no reasons to sell it, so they can afford to hold it "until they won't need fiat". But if someone only has Bitcoin income, it's nearly impossible to not sell it at some points, because it's hard to pay with it for everything, unless you use some proxy.

But some Bitcoin maximalists can also trade Bitcoin and try to time the market and sell it while it's high and then buy in bear market. Perhaps they do it privately because they don't want to be judged by others for selling Bitcoin, especially if they often tell how Bitcoin will go up and up.

I am feeling okay selling bitcoin, especially if I can sell at the peak price

Even if that is about loss, I will still be okay because I believe that is just time for me to make another profit.

Selling or still keeping your bitcoin will depend on your plan. But if the price passes the last ATH and reaches the new ATH, that will be the time to sell some part, quarter amount or half amount from your total amount to get your profit and you can wait for another dump.

But if you do not sell at the last ATH, it seems, you need to determine when you can sell your bitcoin. Otherwise, you will not enjoy your profit while watching other people celebrate their profit. You do not have to trade your BTC and no one will force you to do that, especially if you think you do not have many skills in trading. Becoming a holder is good for you as you do not care about the fluctuation of the price.

kind of weird for some to think a maximalist is someone that never sells, but believes in the properties of bitcoin..
..
um for it to be a decentralised currency it needs to be used as a currency (spent)

americans can be a dollar maximalist by just not accepting euro's.. but it does not mean they can never spend a dollar.

a maximalist just doesnt bother caring about other currencies. it does not mean they dont spend their favourite currency

This would mean such people have so many Fiat resources that they can afford to not sell anything from their Bitcoin bag and still be able to add to that bag else someone would want to sell and rebuy between the dips and highs which might still amount to selling even if they are not selling for taking profits to spend. 

Funnily enough, the Ethereum people have become what they hate. After the release of dozen smart contract platforms that are basically Ethereum competitors(that are catching up quite fast), the Ethereum people are the quickest to call them centralized.

Gotta admit though, while I'm not a Bitcoin maximalist, it makes far FAR more sense to be a Bitcoin maximalist than an Ethereum maximalist.

It's hard to be a total Bitcoin maximalist,because you need fiat money in your daily life and Bitcoin will never get the level of mass adoption,which will make you comfortable enough spending your BTC only and never touching fiat money again.
Altcoin trading is basically pointless,because all the altcoins are simply following the Bitcoin price like sheep.
Maybe ETH is the only exception,even though it will never outperform BTC.
I wish I bought ETH back in 2015-2016,when ethereum was launched and the ETH price was around a dollar.
I understand that feeling when the prices fall and the market is a bloodbath,but the traders,who will survive and make a profit out of this situation are the ones that have balls of steel.
We have to resist the urge to panic sell our BTC.

Bitcoin maximalists never "sell" their bitcoin because they consider it the only cryptocurrency capable of becoming the digital money of the new world in which bitcoin will either co-exist with government-issued money while constantly exhibiting the drawbacks of the latter or drive them out for good instantly once it is widely adopted. It is therefore considered pointless to sell a winner for the sake of temporary profits in the loser's money. Another reason bitcoin maximalists never "sell" their bitcoin is that bitcoin is money and you never sell money, you exchange it for goods that at the time of exchange you consider more valuable than money itself. There is nothing wrong with exchanging bitcoin for goods and services because that is the main reason money exists, that is their only purpose - being exchanged. The third reason many bitcoin maximalists don't sell their bitcoin is that they have a fiat job with the salary paid in fiat money. Instead of selling or spending bitcoin that is valuable and appreciating, they are spending fiat that is constantly depreciating. Or they are buying even more bitcoin with fiat they earned. That is rational economic behavior that shitcoiners are unable to comprehend. However, in my opinion, true bitcoin maximalists should not have fiat incomes, they should live off of bitcoin, earn in bitcoin and transact only in bitcoin thereby promoting the usage of it as a medium of exchange.

It actually started as meaning "someone who criticizes altcoins and since they have no response to the criticism they brand him a 'maxi'". IIRC the ETH guys started to make the term popular, maybe they invented it in first place (I know Vitalik loves to use it too) since we poked so many holes into their centralized shitcoin.

This term doesn't mean that btc maxis never sell because at one point we need to spend it directly if you wish to do so as many have started accepting it as mode of payment or convert it to fiat to spend it in form of profits.The actual profits are when you sell and as investors we need to do so in long run or short run.If you say holding for entire life then what's the point in that? The maxis have faith in Bitcoin and invest in it but also sell at the same time.

A "Bitcoin maxi" loosely means(no official definition) someone that holds only bitcoin for the long-term(and only bitcoin, though some trade altcoins) and that thinks altcoins are totally nonsense/useless. But it doesn't mean that they can't hold other traditional assets, and that they can't buy/sell bitcoin from time to time regardless if for trading purposes or for personal reasons.

Bitcoin maxis also sell. At least that's how I see it. But there are all kinds of maxis. There are those who have accumulated so many Bitcoin at the earliest possible time so it doesn't matter much if they sell some once in a while. But to those who have only a small amount, many of them might not sell.

I have a small amount myself and I am not selling. I am not a Bitcoin maxi though. But I am not planning to sell my Bitcoin for fiat profits. I may sell some in the future but I am kind of greedy. Even if Bitcoin reaches $100,000, I prefer to continue making profit. Who knows, $500,000 will happen?

We know very well that Fiat is an inflationary currency  and it will continue losing its purchasing power with the passage of time  but we need it to buy goods and services until Bitcoin is fully adopted. I don't think I am a Maxist but I understand Bull and bear cycles and would sell part of my Bitcoin in Bull market and buy it again in the bear market to increase my Bitcoin though sometimes this kind of decision is risky as nobody can correctly predict the Top and bottom of market despite good knowledge and skill of Technical Indicators.

There's nothing wrong with getting some gains.  I try not to sell, but as a longtime holder there have been times when Bitcoin makes up an uncomfortable amount of my net worth.  There's no point in losing sleep over volatility, so I think it is always good advice to have only what you can afford to lose in crypto.  If you're losing sleep over the volatility, you own too much.  I also think it's always best to pay off debt before speculating too much with investments, so that should always be your first priority.  There's nothing wrong with selling your BTC to pay off all your debts, and then beginning the stack again.  Life gets a lot easier and less stressful when you're debt free and diversified. 

Right now all you can do is to maximize your profit and buy back when the price is sinking and I totally agree that these are what most people are doing when they start to invest in bitcoins all they were trying is how to get a decent amount of income from it. As for those who are holding for so long right now, they might be waiting for the time when bitcoin can be used to pay for anything in the world.

I think that if you accumulated a lot of bitcoins , you can (and should) take some profits in a bull run from time to time. Then buy back in the dips:


You will fell better in a bear market (and there will be another one, for sure) if you took some profits in the bull market.

Even after taking some profits, like 10-20% of your stash, you can still have a lot of bitcoin in your portfolio.

Personally, I will always have a high % of bitcoin in my portfolio.


We all need fiat.. You can't buy stocks, for example, with bitcoin.  I think that taking profits and investing in a stock market, or a bonds market, is a good alternative.
Specially if you need your money to support family members or someone else.

I've been holding for 6 years and selling in bull markets, barely touching coins when season of the bear comes.
I'm not planning to hold forever but so far Bitcoin worked like a machine that generates free money. Literally free and it keeps on giving. I almost feel like I have a debt to pay back to Satoshi and since I can't do it I'm at least going to treat BTC with the respect it deserves.

To explain what free money is. I got rewarded for holding with free BCH and then free BSV. I sold both of them right after the split and kept grabbing other airdrops that they were giving for free to bitcoin users like stellar lumens. It was all for free. I must've claimed at least $10k in free coins between 2017 and 2019. Every time Bitcoin breaks an ATH I celebrate by spending about 10% of my holdings. Usually that's enough to keep me going for years if a prolonged bear market comes.

I was in situations where my coins went up 10x and I didn't sell. I was also in situations where my portfolio was down 80% from the top and I didn't sell. I don't have stuff that I need so much to dump all my bitcoins, even if they were to go up 100x or something. If managed correctly a portfolio of 10 BTC could last you a lifetime and work as a store of value, emergency source of money, a part of your SHTF bug out bag, whatever you want...

People who never held bitcoins for a long time will not understand the pleasure this can give you when you keep living your life, not checking the price, and suddenly a big buy comes up like you got a kid and need a bigger and safer car and you check how bitcoin is doing and Mr. Bitcoin says -hey, I got you bro! I made you 300k last year while you were working your ass off for scraps.

The last part will depend on the person itself.
There are a lot of different people who bought for different purposes, most are for sure investment.
And they are only Bitcoin maxi, so about selling or taking profits, it's normal for me, it is nothing to do for being a Bitcoin maximalist, even they sold totally or sold some, some people could buy buy again in the future, like in cheaper price.

There can not be growth in the network is there are no transactions on it, this involved buying and selling. I assume maxists are major hodliers and have a portion set aside for that, but the ability to use bitcoin for purchase in some instance is one of the ways people can actually utilize Bitcoin and not simply for speculative value.

I wouldn't qualify myself a maxist, but I believe in hodling BTC for years to come as much as I'll use it as a payment option where accepted.