Never sell your Bitcoin? - page 9. | Bitcointalksearch.org

Vishnu.Reang

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Quote from: iTradeChips on July 06, 2021, 06:44:43 AM

Well, the thing here is, I really do not care how others would deal with their Bitcoins. If they HODL it then go ahead, let them be. I will not interfere nor tell them not to do it. Let them sell it, let them hold it, let them give it away to their girlfriends. You should not be forcing your opinions to the others if that is what they want and if that is what they need to do with their Bitcoins, after all of the factors that they can consider, it gave them that decision to do so on their coins then by all means.

Most of those advocating for HODL doesn't really care about the other users. They are just afraid that if a lot of the users sell their coins, then the exchange rates may fall. And the same people who are advocating for HODL will dump their coins at the first opportunity, if there is a need. Personally I would go for an ideal mix of profit booking and long term holding. There needs to be a good balance between these two. In such cases, you will not incur big losses if Bitcoin suddenly becomes worthless, and at the same time you will be left with enough coins in case Bitcoin appreciates by 10x or 20x in the future.

CryptoStar19

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So long as the narrative around bitcoin is a digital store of value, HODLing super long term would the preferred strategy.

ndalliard

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Quote from: iTradeChips on July 06, 2021, 06:44:43 AM

Well, the thing here is, I really do not care how others would deal with their Bitcoins. If they HODL it then go ahead, let them be. I will not interfere nor tell them not to do it. Let them sell it, let them hold it, let them give it away to their girlfriends. You should not be forcing your opinions to the others if that is what they want and if that is what they need to do with their Bitcoins, after all of the factors that they can consider, it gave them that decision to do so on their coins then by all means.

amen. like the ancaps say: don't tread on me. let me live and i will let you live. and the last one: everyone will get into bitcoin at the exactly right time (or maybe out again too)...

iTradeChips

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Well, the thing here is, I really do not care how others would deal with their Bitcoins. If they HODL it then go ahead, let them be. I will not interfere nor tell them not to do it. Let them sell it, let them hold it, let them give it away to their girlfriends. You should not be forcing your opinions to the others if that is what they want and if that is what they need to do with their Bitcoins, after all of the factors that they can consider, it gave them that decision to do so on their coins then by all means.

bitterguy28

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Quote from: amihada on June 29, 2021, 10:32:58 PM

many people spend their money to buy bitcoin with the aim of making a profit in the short term they don't think bitcoin is for the future, but only people who know the future profit is bigger they will hold bitcoin in the long term.

though there are instance that Bitcoin really good for shortterm investing .

Like those who bought back in 2020 march and then sell at May when the price doubled just that fast.

ndalliard

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Quote from: Henrobakkara on July 06, 2021, 05:18:50 AM

Quote from: boyptc on July 05, 2021, 12:02:50 PM

Quote from: ropyu1978 on July 04, 2021, 11:08:56 PM

if you say never sell your bitcoins, I think everyone in this forum will agree with your opinion, because we all know bitcoin has hope for the future, the price of bitcoin will rise again in the future, for now maybe the whales will do everything possible to frighten weak hands, to be able to take the bitcoins we have,

It's different from a view of selling your bitcoins at the highest possible rate that it can ever be than never to sell your bitcoins.

What's the purpose of holding bitcoin if you're never going to sell it?

I agree with you. It doesn't make much sense in that regard that you should never sell your Bitcoin, but I too believe investors will definitely take profits from our investment. There will come a point in time when you will want to have a form of satisfaction from what you have invested in over a period of years so you must sell some of your bitcoin at some point.

also if you earn in bitcoin and spend in bitcoin and don't have any fiat left it is pretty stupid to not "sell" bitcoin...

RILWAN

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It depends on what your needs are if you don't need money to pay for your bills then you can continue to hold your Bitcoin in other to make good profits from the bitcoin volatile market.

Henrobakkara

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Quote from: boyptc on July 05, 2021, 12:02:50 PM

Quote from: ropyu1978 on July 04, 2021, 11:08:56 PM

if you say never sell your bitcoins, I think everyone in this forum will agree with your opinion, because we all know bitcoin has hope for the future, the price of bitcoin will rise again in the future, for now maybe the whales will do everything possible to frighten weak hands, to be able to take the bitcoins we have,

It's different from a view of selling your bitcoins at the highest possible rate that it can ever be than never to sell your bitcoins.

What's the purpose of holding bitcoin if you're never going to sell it?

I agree with you. It doesn't make much sense in that regard that you should never sell your Bitcoin, but I too believe investors will definitely take profits from our investment. There will come a point in time when you will want to have a form of satisfaction from what you have invested in over a period of years so you must sell some of your bitcoin at some point.

ndalliard

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Quote from: Hendra gunawan on July 06, 2021, 03:05:52 AM

if selling our bitcoin, it means we are missing the opportunity to become rich. There is no investment instrument that has a higher return than bitcoin. Bitcoin is the money of the future and blockchain is the most advanced technology.

i mostly agree, but blockchain is a fucking slow database - more like a necessary evil

Hendra gunawan

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if selling our bitcoin, it means we are missing the opportunity to become rich. There is no investment instrument that has a higher return than bitcoin. Bitcoin is the money of the future and blockchain is the most advanced technology.

dimonstration

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Quote from: ropyu1978 on July 04, 2021, 11:08:56 PM

if you say never sell your bitcoins, I think everyone in this forum will agree with your opinion, because we all know bitcoin has hope for the future, the price of bitcoin will rise again in the future, for now maybe the whales will do everything possible to frighten weak hands, to be able to take the bitcoins we have,

Its good to hold bitcoins if we were in for future uses or depending on the circumstances. There is still time to buy and to hold so we can acquire more or use to built or growth our portfolios like when the price were too high earlier this year, I'm glad I was able to sell my BTC that can be use to buy other investments since we don't know the span the price will be high or at low or next time that BTC will reach its ATH again it better to use that time and just buyback when prices falls.

cheezcarls

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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). Platforms such as Block Fi provide such services.

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.

Depends on the circumstances that we are in, especially emergency situations in life. It's better to sell BTC at a profit and never at a loss. It is your choice whether to sell it or not, but the most important thing is that you should always put in your mind that investing or trading Bitcoin is highly risky. Just put an amount that you can afford to lose, as Bitcoin's price movement is unpredictable.

And you mention about selling BTC (through fiat converting and not while it's in the trading platform) could get you taxed, in which some governments are imposing that as part of their regulation, and you can't avoid that.

boyptc

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Quote from: ropyu1978 on July 04, 2021, 11:08:56 PM

if you say never sell your bitcoins, I think everyone in this forum will agree with your opinion, because we all know bitcoin has hope for the future, the price of bitcoin will rise again in the future, for now maybe the whales will do everything possible to frighten weak hands, to be able to take the bitcoins we have,

It's different from a view of selling your bitcoins at the highest possible rate that it can ever be than never to sell your bitcoins.

What's the purpose of holding bitcoin if you're never going to sell it?

Luzin

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If I was an active trader then I wouldn't do that. My trading orientation is profit seeking. Through analysis I always try to buy BTC at the low price and sell at the highest price. Or several times I bought a BTC altcoin pair to increase my BTC amount. For BTC I will buy again when the price drops. It would be more relaxing for me. But I know all have their own ways and steps that are considered the best for you.

worle1bm

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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). Platforms such as Block Fi provide such services.

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.

At one point you would have to cash out your profits by selling or make the transactions to buy the stuff because if you are not making any move with your Bitcoins then with time your net worth would increase but in reality you would have no liquid cash so you have to sell It directly or indirectly if you want to have funds with you.Although I agree with Saylor that we should hold for bit more long time and wait for the prices to skyrocket and then do whatever we want to do.The main usage was to make it fiat alternate and if everyone will hold the coins how will there be circulation in market? Btc dormant address would increase so as to keep it normal we need to sell off at some point.

Peanutswar

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Depends how you will satisfy yourself because some of the people would like to sell their bitcoin because they already gained profit which depends on your preferences if you think you need more time because you want to have some specific amount good for you but if you want to wait for meantime and wait for another wave its ideal too but again it depends how much time you can resist holding your bitcoin. Some people say sell your bitcoin because it gives you a profit or its takes too much losses but again its better to know when is the right time to sell the decision are still yours. Never trust the speculation of other instead invest with your knowledge.

oemar bakrie

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it all depends on individual needs..
if only to store bitcoin and not be sold it is necessary for people who have large capital or who have more than one asset other than bitcoin..
because I personally will definitely sell some if I have because I get bitcoins just following the bounty campaign..

elisabetheva

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Quote from: ropyu1978 on July 04, 2021, 11:08:56 PM

if you say never sell your bitcoins, I think everyone in this forum will agree with your opinion, because we all know bitcoin has hope for the future, the price of bitcoin will rise again in the future, for now maybe the whales will do everything possible to frighten weak hands, to be able to take the bitcoins we have,

I hope no one is tempted to do something out of the ordinary just because of the negative news that is circulating and immediately do something for actions that cannot be understood in his way. because it will only benefit others and set a bad precedent for the future.

holding on to bitcoins will always be a very good alternative because bitcoins will always increase and there is nothing wrong if you want to sell when you feel you deserve it, but if you buy when the price is higher than it is now, holding back is a very good thing because bitcoin is guaranteed will increase again in time. need patience for something like this.

virasisog

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It is hard to say not to sell your Bitcoin. People has different purpose why they invested. Most of them are for profit, some had put their money on ot and had to sell either to save their money or to realize profit. It is true that BTC holds a promising future, however, not all people has capacity to hold their BTC that long. As much as I want to hold my crypto even with my day job, I have bills and daily expenses to pay, and there are times I need emergency funds. Each has their own reason to sell.

yohananaomi

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Quote from: Blowon on July 05, 2021, 01:16:58 AM

Everyone has their own target, but if they have the slightest greed, then it's not a profit, it's like we're buying at a high price, because bitcoin is always a time when they have to go down, and the option not to sell bitcoin is a bad thing.

Of course it's clear, and I agree with you that people have their own targets and we can't know the situation and can't intervene, but if you've already made a profit, don't be greedy to want to earn more. there are events like this, finally have to delay again to be able to sell because the price has dropped again.

maybe people's options will be very different because judging from the needs to be done, if he wants to hold on because the current price is lower when he buys of course it is a wise thing, no one will want to lose. then the alternative is to hold back so that the price can increase first and then sell it.

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