Never sell your Bitcoin? - page 2. | Bitcointalksearch.org

conected

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Quote from: yohananaomi on July 29, 2021, 02:58:18 AM

Quote from: ?? on ??

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Obviously, there is no point in us storing bitcoins for life, we store bitcoins with the aim of making a profit from storing them for a certain period of time. the difference between purchases and sales, then we get profits that we will use for what we really need.
we hold bitcoins only to find the difference from the purchase and make a profit, not for a lifetime, which is obviously impossible to keep for a lifetime and is useless.

- Yes, bitcoins can't even be touched by hand and can be displayed in cabinets and in homes, Bitcoin storage is also just a virtual image on a computer device and this whole museum has only one visitor which is ourselves, this style can only be for mutants who like to show off their extravagance, for those of us who are looking to make money every day, bitcoin is only useful when it goes up in price and we can sell then reset everything continuously. I just never sell when I'm at a loss

roosbit

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Quote from: Joshua01 on June 29, 2021, 08:20:52 PM

I just want to see what the general consensus is about selling Bitcoin. The well-known Bitcoin advocate, Mr. Michael Saylor, has said that you should never sell your Bitcoin, you should hold it for a lifetime. He believes that when you sell bitcoin, you will be taxed, but if you hold it, you can borrow bitcoin at a good interest rate (tax-free).

If I have decoded your message correctly, the only reason you are not selling your bitcoin is fear of being taxed but what happens if your country does not have crypto tax systems in place?
Going with the never sell your bitcoin, when do you ever get your profits from holding, honestly doing this is like trading without stop loss??

Quote from: Joshua01 on June 29, 2021, 08:20:52 PM

What do you think of this problem? If I double my investment during the next bull market, then for liquidity purposes, I will most likely not sell a bit. I really like Bitcoin and its direction of development, so regardless of short-term price fluctuations, I plan to invest in the long-term.

This is looking more like a greedy trader that never knows when to take profits or break even when things swing against you. If not selling then convert some into a stable coin.

Kayum10029

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Since the lack of people, the need, the demand does not come according to the rules, I cannot guarantee that I will keep all my bitcoins for the rest of my life.But I will not sell my bitcoin until there is a serious need.

nicecrypto

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Quote from: Masplanc on July 28, 2021, 11:09:33 AM

Quote from: Joshua01 on June 29, 2021, 08:20:52 PM

you should never sell your Bitcoin, you should hold it for a lifetime.

You are getting it wrong. Just imagine if everyone that has Bitcoin keep it till lifetime, no selling, what do you think will happen to the Bitcoin economy. As far as Bitcoin exist it must be sold out, exchange must take place . Where there is no exchange no market

I agree with you on this. I don't get it why you can not sell your Bitcoin ever. Like most things, Bitcoin is an investment that you made and you are expected to take profits from your investment and as you mentioned, if all were to HODL their Investment in Bitcoin forever, where will the market be? only buyers no sellers and there will be no market after a while of Bitcoin starvation Grin

I truly believe some of us are getting the whole bitcoin investment wrong.

casperBGD

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main point here is that you do not have to sell, you can borrow against it, and there is a number of services that provide this, such as AAVE, Compound or other on other platforms, so you do not have to sell your BTC, you can wrap it and take a loan, with BTC as a collateral
this should be a development way, so that people can use crypto funds in a same way that they are using other assets to borrow money against it
of course, market is still young and early, but there are signs that we are maturing a bit, and that is good, will that influence BTC price in the end, who knows?

yohananaomi

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Quote from: ?? on ??

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Obviously, there is no point in us storing bitcoins for life, we store bitcoins with the aim of making a profit from storing them for a certain period of time. the difference between purchases and sales, then we get profits that we will use for what we really need.
we hold bitcoins only to find the difference from the purchase and make a profit, not for a lifetime, which is obviously impossible to keep for a lifetime and is useless.

Shasha80

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Quote from: romero121 on July 28, 2021, 06:30:20 PM

Quote from: ?? on ??

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Everyone are living for their family. Human beings say that they're independent, it is not the truth. Human beings are dependent over someone in some way. This is the fact with financial needs too. You've got the responsibility to feed the family and you're doing it. So, on need selling bitcoin is not a wrong thing.

What I suggest is, try to save a very little portion for your future. There are wild speculation about the bitcoin price in the future. None is sure, but majority believe in it. Maybe the small savings could be a life changing.

Humans are social creatures, so they will definitely think about their family and will do anything for their family. So if our family has an urgent need
and we have Bitcoin, I believe most people will sell their Bitcoins for the sake of their families. It was indeed the right thing to do, we do have to
prioritize the interests of our families over Bitcoin investments. That's why I say rich people will find it easier to hold Bitcoin, because they do have
stable finances. As for the poor, there will always be an urgent need, which requires them to sell the Bitcoins they have. Although our needs are many,
and our income is not large, here the importance of financial management. We do have to allocate a small part of our income to buy Bitcoin,
because Bitcoin is one way to make our future secure.

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Quote from: ?? on ??

I never hold bitcoin for lifetimes holding because I reserve Bitcoin for my personal life services and families response, if my family's fall in a needs then I will sell my Bitcoin. Because family and family members my main target...

Everyone are living for their family. Human beings say that they're independent, it is not the truth. Human beings are dependent over someone in some way. This is the fact with financial needs too. You've got the responsibility to feed the family and you're doing it. So, on need selling bitcoin is not a wrong thing.

What I suggest is, try to save a very little portion for your future. There are wild speculation about the bitcoin price in the future. None is sure, but majority believe in it. Maybe the small savings could be a life changing.

Mahanton

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Quote from: Masplanc on July 28, 2021, 11:09:33 AM

Quote from: Joshua01 on June 29, 2021, 08:20:52 PM

you should never sell your Bitcoin, you should hold it for a lifetime.

You are getting it wrong. Just imagine if everyone that has Bitcoin keep it till lifetime, no selling, what do you think will happen to the Bitcoin economy. As far as Bitcoin exist it must be sold out, exchange must take place . Where there is no exchange no market

Wrong perception but its true that it do needs circulation but it wouldnt really be that issue if you do tend to observe the market as of this moment then there's enough circulation because value
wont really be this high if there would be no sufficient circulation which do involves active using it but we know that bitcoin do end up on being a coin which is been actively traded
and some of them been holding by most people. Never sell your bitcoin? This is actually a personal choice of action because we do have different targets
or goals in mind when it comes to investment.

Masplanc

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Quote from: Joshua01 on June 29, 2021, 08:20:52 PM

you should never sell your Bitcoin, you should hold it for a lifetime.

You are getting it wrong. Just imagine if everyone that has Bitcoin keep it till lifetime, no selling, what do you think will happen to the Bitcoin economy. As far as Bitcoin exist it must be sold out, exchange must take place . Where there is no exchange no market

fileo

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That's true. Instead of selling much better to buy more while the price is not yet on 50$K or $60K. It would be more expensive if we wait Bitcoin to dump. In my opinion, We know Bitcoin is no much potential and very popular globally that even every government knows Bitcoin. Buy now and hold would be worth to hold and gain someday.

raisajahan

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Bitcoin is the top cryptocurrency in the world so it has a large strength to develop the crypto market. From the beginning the price of bitcoin is growing gradually. If i just remember last few years that in 2015 when the price of bitcoin was just 400 usd after that every year i noticed that the price of bitcoin is increasing in price. So i think it has a possibility to increase in price in near future. For that reason i think its not necessary to sell bitcoin if it is not in emergency case.

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All have their own control rights with bitcoin holdings to sell it or not and if they really need it and other reasons just rely on bitcoin and no choice, and but if the price is very low and unprofitable it's better not to sell everything and only sell as necessary, and the rest were detained.

and i was in such situation once and there was no other choice i had to do it because i needed it very much, and i feel sorry that within few days the price went up and but most importantly my problem was solved and still some bitcoins because i didnt sell all
I think bitcoin can solve what problems we face in important situations or not without thinking about the market situation, especially financial problems and can be solved immediately.

randegibran

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why do we sell.the bitcoins.that we invest.if the price.is not at all in.accordance with the profits.we expect, then.in this case.we better hold it.for a while.that we.can't determine.moreover this business.is a long-term.business and very useful for the storage process.in the long term, because this business.whose value fluctuates.is very good for us.to invest.in the long term

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Quote from: DPrillio on July 24, 2021, 04:44:10 AM

Quote from: kakonlin on July 24, 2021, 04:24:32 AM

Quote from: amihada on July 24, 2021, 01:32:03 AM

BTC and GOLD can indeed be used as assets in the long term, saving BTC and gold is very profitable for the future, even both of them can be used as inheritance for our descendants in the future.

Saving gold is indeed profitable in the future. But if we kept bitcoin 10 years ago it would be 100 times more profitable than gold. So is it better to save bitcoin or gold? of course Bitcoin is much more profitable.

I agree, bitcoin is much more important than gold in terms of profit with respect to time. With bitcoin we can be more profitable at a short period of time only even of that long term holding. If we have invested bitcoin last april 2021 at its value is at 5k usd and a few months span its value is now 30k usd.I can see how much profit i have this month.

No one knows the future hold, i'm one of the fan of bitcoin to. But in reality it's very hard to do it, if your compared BTC and Gold no wonder if bitcoin gain more profit than gold because bitcoin it's too risky. Big risk Big gain.

DPrillio

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Quote from: kakonlin on July 24, 2021, 04:24:32 AM

Quote from: amihada on July 24, 2021, 01:32:03 AM

BTC and GOLD can indeed be used as assets in the long term, saving BTC and gold is very profitable for the future, even both of them can be used as inheritance for our descendants in the future.

Saving gold is indeed profitable in the future. But if we kept bitcoin 10 years ago it would be 100 times more profitable than gold. So is it better to save bitcoin or gold? of course Bitcoin is much more profitable.

I agree, bitcoin is much more important than gold in terms of profit with respect to time. With bitcoin we can be more profitable at a short period of time only even of that long term holding. If we have invested bitcoin last april 2021 at its value is at 5k usd and a few months span its value is now 30k usd.I can see how much profit i have this month.

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Quote from: amihada on July 24, 2021, 01:32:03 AM

BTC and GOLD can indeed be used as assets in the long term, saving BTC and gold is very profitable for the future, even both of them can be used as inheritance for our descendants in the future.

Saving gold is indeed profitable in the future. But if we kept bitcoin 10 years ago it would be 100 times more profitable than gold. So is it better to save bitcoin or gold? of course Bitcoin is much more profitable.

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Quote from: MoneyJ on July 23, 2021, 09:39:14 PM

Bitcoin now is being considered as a good asset for storing value over time. So common sense would be never sell regardless to what the market is going on. Just a gold , btc is durable and can last.

BTC and GOLD can indeed be used as assets in the long term, saving BTC and gold is very profitable for the future, even both of them can be used as inheritance for our descendants in the future.

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Quote from: hahay on July 23, 2021, 09:14:59 PM

Bitcoin is about freedom and if everyone who owns bitcoin is not allowed to sell their assets, then where is the freedom. Selling or not depends on their own needs and goals, because one day the needs of those who hold bitcoin will definitely have a change from the financial side. So even though our goal is to hold it for the long term, and only by selling bitcoins will our finances be helped, then why should we refrain from selling it. It's a personal asset so all choice goes back to those who own the bitcoin, so if you don't want to sell it for your intended purpose that's fine because it's your own asset and you're free with what you own.

Furthermore, when you talk about selling Bitcoin, people oddly think it is all about selling Bitcoin for fiat. The whole selling or holding debate doesn't make sense because what are you going to do if you want to buy a house and the current owner accepts Bitcoin? Same thing, you are going to use your Bitcoin, actually selling them so to say to someone who gives his house to your for it. Bitcoin isn't there to be held forever, it is there to one day be used for some type of asset exchange, reducing your BTC balance while increasing another asset category.

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Bitcoin now is being considered as a good asset for storing value over time. So common sense would be never sell regardless to what the market is going on. Just a gold , btc is durable and can last.

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