Topic: Some people say they will never sell BTC. Is there any reason for that? (Read 305 times)

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The above was just an example of how you can make money holding bitcoin and you'd like to have everything handed to you on a silver platter, like that part when you want me to tell you when there will be another opportunity to profit from a fork. If people knew it back in 2017 they'd all hold...
You think it makes no sense to hold, I think otherwise. You're in bitcoin to make more fiat, I'm here to have more bitcoin.
You're going to sell and wait for a bear market, I'm going to hold, the way I did this year. We won't come to an agreement here as for both of us bitcoin is a completely different thing.

The question is still the same, Where did I say all of the current holders bought bitcoin?
You have pointed your egg selling which was forked coins. So, do you suggest everyone hold their Bitcoin wait for another fork, and sell the forked coin? Can you please give an estimate of when the next fork will happen and what coin will be there?

Well, I am not with you. I won't wait for another fork to cash my profit. I would love to sell a portion of my holding once we get into the bullrun to cash my profit and then I will buy back once the bear market starts! 

I think every one has his peculiar reason for holding on to his Bitcoin but I am of the school of thought that some hold theirs to 'hatch' to a particular period so they can reap the dividends of their labor because if you think of it, what use will it be to you if you just hoard it? Except you view it as a priceless heirloom that you can't part with. and for you to do that, it means you have other streams of income that won't warrant you to touch it.
 Another reason why I feel some people hold on to it is for bragging rights. Who has more Bitcoin holdings tham whom.

I don't believe in that thing anymore.
Holding Bitcoin, and will never sell until you die? That's stupidity for me.

There will be a time when these investors will sell their Bitcoin. We just don't know when. Maybe 5 years from now, or 10 years from now, but to hold it forever? Nah I don't think that they will never take out their capital gains in the future. I mean we all need money right? What if there will be a time when they will need fiat, but the only thing they have is Bitcoin? What if there's unfortunately an emergency, and they don't have any extra fiat money aside from the Bitcoin they're holding? There will always, and always an instance where they will definitely sell their Bitcoin.

I also believed in this as well when I was a newbie, and I'm thinking of doing the same but as I gain more information, I realize that this is a wrong kind of strategy.

I get why some folks won't sell their bitcoin.  They think its value will keep going up so selling now would be silly.  Bitcoin might protect their money from inflation too.  It's outside the regular financial system which certain people like and  sure there's risks but possible gains seem worth it to them.

There are quite a lot of bitcoin maximalists who will not sell the bitcoins they own at all, they don't need money, and they are already rich enough in their lives so they won't sell their bitcoins at all, but there are also some bitcoin maximalists who have a certain price target, for example, they will only sell the bitcoin they own when the price of bitcoin reaches $100k, there are many types of bitcoin maximalists out there and they all have their own interests. while I am not a bitcoin maximalist, I sell half of the bitcoins I get every week for my living needs, the rest I make into long-term investments.

I have nothing to say to someone who says he has no intention of selling his bitcoins because they are the ones who own them and I don't care what they do with them. I will, however, respect their choice and allow them to spend their money anyway they see fit, even though I don't think they will be able to hold onto their bitcoins indefinitely should an urgent situation arise. These individuals should be questioned about why they own bitcoin, as it is not for financial gain or to use as a substitute form of payment. Then why hold bitcoin in the first place.

In my opinion, holding bitcoin and not using it when you are in dire need of money is an unwise move because only a dumb person would have a problem and the means to solve it, but they would choose not to use it. They might even decide to borrow money rather than sell some of your bitcoin to cover their expenses. Almost all bitcoin holders hold their cryptocurrency primarily for financial gain although the duration of holding varies and the price at which profits are be taken. Selling doesn't always mean you have to get rid of all of your coins, you can sell some of them when you've turned a healthy profit while continuing to purchase DIPs on a regular basis.

Why hold bitcoins and not use them? It seems ridiculous since they intend to keep them indefinitely and not use them. In my opinion, it is a complete waste of money. if they share their keys with someone, someone will assist them in spending the money when they pass away. If not, the coins will simply go to waste so it is a lose-lose situation for them in either case. Since everything will be lost when we pass away, it is best to manage our finances wisely before it's too late.

A larger price increase is the most expected potential as the reason why there are so many holders currently. When the time is right - they will also sell it, but bitcoin is more than just an investment as several large and influential countries are also starting to accept it as a means of payment.

The main goal of investing is to get returns - that should be the same as you think. Meanwhile, if you can be patient - then you might get the best time to sell it at a higher price. But I'm sure, generally for the same reasons.

Everyone has their own mindset, and I have mine, and the reason for me not selling my BTC will be that either I might be planning to make a profit in the future by holding them for a longer period of time because, after spending years in crypto, I have learned that holding BTC is a more precious choice than trading in it. That's why I would prefer holding. There would be other people who exist too who might hold alts, but alts in holding are very risky investments due to their high volatility.

There is nothing like pure maximalism or enthusiasm because enthusiasm also has something cooky about it and some benefit from it. Not everyone wants to give it a try just because of its decentralisation or any other feature. Even according to my experience, most of the BTC newbies don't even know the features of BTC, and they are just joining this space for money.

And after some time, when things don't work out according to plan, they prefer to read and get knowledge about BTC. Other than making a profit and holding BTC for a longer period of time, many might not be selling because they might have locked them out or gotten the keys or passwords to their wallets.

There are also people who were given it as a gift, people who bought so cheap that it was like buying a beer, or a pack of smokes.
And that's the whole point! You ask why people say they will never sell and then continue by saying there's no point in buying and holding, so maybe the people who will never sell are the people who never bought. I say it's something for you to consider.

Another thing for you to consider is the following:
If you had a goose that laid golden eggs, would you sell the goose or the eggs?
You're probably thinking what are the eggs, so anticipating the question, the egg is the profit made from your original investment. I held bitcoin when it forked into BCH, then BCH forked into BSV. I sold both coins, made money, bought myself a lot of things, kept my goose.


Go ahead then. You've used a phrase to prove a point but it didn't work, so I was at least hoping for a continuation of the argument, but we can also leave it at that.

No one will have his/her money put into an investment without the purpose of not selling them later and use the profits they have earned from the investment. Priorities just matters, and on how you need the money to satisfy your needs will give you a better understanding of when those people will want to spend their money invested. You don’t have to mind those that say that, some have lost the seed phrase to their wallets or even claiming wallets that doesn’t belong to them to be theirs. If they can’t move the funds in them, it is good as saying that they won’t spend their bitcoin for any reason.

I think that is a ridiculous thing to say and even more ridiculous to believe. I think it’s just bitcoiners way of saying they are holding for long term. In reality, you have to spend your coins one way or the other. If you’re an investor and bitcoin reaches ATH, it’s only reasonable that you sell and buy when the price goes down. And if you’re simply not interested in profits and just buying bitcoins because you value decentralization. Eventually you would still have to spend your bitcoins as a currency.

OP I cant be sure but still what I think is this phrase is used to express that they are not at all interested in booking small profit in the timeline between the 10 to 15 years, they are planning for something big, but I could be wrong.

Another answer to this we can expect is that they are accumulating Bitcoins for their younger generation/heirs which directly fits in that the'll never sell their Bitcoins because it's their generation who is gonna do that.

TBH, I do belive in selling at a good time, and making a re-buying at a good time as well, it will not only increase your exposure also you can have some more, or much more. (Not recommend t the long term Investors at all).

They can only say that when they're funds are stable but when emergency events start to arise, that's the time that they will realize that at some point, they need to take a part in selling not only because they need the profits, but the fact that they don't even know what will be the future price of bitcoin, then they should set some time goal when to perfectly sell their coins. I've heard a lot of beginners saying that they won't decide to sell their bitcoin  but when majority are selling, they also follow them.

However, if you are very determined and would want to stick to your plan forever, I guess that can also be but make sure you are financially secured with your fiat so that you won't be tempted to sell your bitcoin when the price has already reached a new all time high, and while majority are taking part in the selling season.

I believe nobody would be holding their coins in wallet for the whole life without even touching them or using it because what’s the fun of it doing so? They will spend it on buying some stuff using it as payment currency or simply cashing out the profits when the time comes so this is base aim for any sort of investment you are holdin.Ut would simply be lying dead and reducing supply if we don’t ever use it.

As plausible as it may sound, there are bitcoiners who are hardcore like this and may see it through to the end. And by the end, I mean a time when bitcoin can and will be used to purchase items and pay for services rendered just as we do we fiat. I do not want to say these people are lying and will not do it, I can only speak for myself. At some point I am going to take profit and get myself one of the vanities of life because I come once to life and I deserve to have it.

I am sure I won't live long that much and I won't be able to holder.


Where did I say all of the current holders bought bitcoin? Surely there are some miners! and some other who have earned Bitcoin. There are a lot of people who did not bought a single satoshi, instead, they earned it somehow.


True. The same applies to loss as well. If someone in lose, we tell him that your 1 Bitcoin is still 1 Bitcoin and you are not in loss until you sell it.


I can do the same 
You are not the only one who can point out several things based on their claim.
I have a keyboard in front of my desktop too 

Do not take it literally when someone says that they will never sell. It's just a commitment that they're not going to sell anytime for now but for sure in the nearest future or when it is profitable based on their decision, they're going to sell.

There's no calculation on it and yes, it's possible that it's just pure maximalism by that person you hear that say. I can even say that I'll never sell but it's just all words and I'll still sell when I'm need. So, that's why when you see someone say that again, don't be quick to judge that he'd literally do it. It's all about the waiting game and that never means it's going to be a long time.

This is my reason why they will never sell BTC.

1. They don't really need the money from selling their BTC.
2. They waiting their target price of bitcoin to sell.
3. Maybe they buy BTC when the price is +$60k

I hope they will see what will happen if they are holding Bitcoin forever because I don't think this will help the price of Bitcoin grow but instead, it make it dump. Maybe just holding for 10 years is quite reasonable but if we say, never sell that is a different story.
I think those people must understand how the market works - buy, hold, and sell, and these are the transactions we are supposed to see. If we think that not selling our Bitcoin will increase the price, then it is wrong as it only be the reason why people don't see any interest.