Topic: Some people say they will never sell BTC. Is there any reason for that? - page 2. (Read 316 times)

The only reason that pops into my head is they're gearing up to pass on their Bitcoin legacy to their kids or even grandkids. It's like they're super devoted, soaking up the Bitcoin hype as a cultural reset or game-changer in history. Plus, they're on a mission to show everyone their 100% trust in Bitcoin, hoping to influence folks to see it the same way and keep this crypto journey going strong. Now, if there's someone out there who actually pulls off the "I won't sell my Bitcoin" promise, major props to them! Holding back that temptation? It's no small feat.

They gonna sell their BTC when they think is enough and need the money haha. After all most of the Bitcoin hodler is for taking the profit. Maybe there is bitcoin enthusiasm that not gonna sell even bitcoin reach 100K because he might 100K is still lower and he didnt really need the money and gonna wait when bitcoin reach million

or the he just want to hold but I think this is rare case

This may be true if you are keeping intergenerational wealth, but if you are just saving like an ordinary man, albeit in Bitcoin, then you will certainly sell it or use it at some point.

When you read it especially on social media, don't believe it, or at least don't take it literally. They're simply saying that Bitcoin is worth keeping for a long time, or that the price will continue to rise (so why sell early?), or that time will come when Bitcoin becomes a mainstream currency (so hodl until that time comes), and so on. Or they simply want that the available supply remains low so that the price will rise. But, again, take it with a grain of salt. That is self-serving.

I believe people choose not to sell their BTC because it's the forefront of technological innovation, the one true decentralized crypto, and the perfect alternative for fiat currency while it is also the solution for the unbanked and the liberation people seek. Besides, there's more to the future of BTC than just being used for payment and also investment if not an organization like BlackRock, etc won't have an interest in BTC. 

So why did they decide to buy the bitcoin when they know they are not planning to sell it? It’s normal when you tell me you are not planning to sell your bitcoin anytime soon because I do say that also, or when you tell me you are not going to sell all your bitcoin at once, but why will you say you will never sell your bitcoin? It sounds somehow to me, actually, I haven’t heard anyone say they will never sell their bitcoin, because the first question I will ask the person is what’s the purpose of their investment. When investing, everyone always has a target. Some people won’t sell if they haven’t met their target, but why will you say you will never sell your bitcoin?

I think that some participants decided to leave part of the Bitcoins as a legacy to their descendants. It is possible that others perceive Bitcoin as a work of art, from the possession of which a person gets satisfaction. But in the first and in the second case, such a holder must be financially self-sufficient, otherwise he will sell BTC at the first shortage of cash.

That's a big lie. One will never decide to buy and hold bitcoin without the desire to sell and make decent profits. Although we all have different time goals when to execute selling, but at the end of the day, we decide to sell and not to hold the coins forever.  Probably, for some bitcoin hodlers they are certain not to sell, but when unpredicted events suddenly happen and turn their lives upside down, eventually they have no other option but to sell bitcoin because the proceeds are badly needed.

Forever bitcoin hodling does not even exist. And if there's any, no one will suicide hodling their bitcoin especially that forever is a lot uncertain and we cannot even guarantee if bitcoin by that time will still be highly profitable and productive.

I understand these kind of people as I was also like them when I was still a beginner in the market. But as you continue buying and hodling bitcoin, you will realize that bitcoin will be highly utilized if you take part in selling some of your coins. You will come to enjoy and offer some rewards for yourself if you sell a portion of your bitcoin when there are impressive profits you see in the market.

There's no sense if you chose to keep your bitcoin forever. Bitcoin is intended to sell or use as a payment system, not actually that you will keep it forever because even yourself you can't assure to yourself that you are still going to enjoy when that forever comes.

It's hard to reply without knowing who you are talking about precisely but maybe they just want their children or relatives to inherit Bitcoins from them after their death because they think Bitcoin could continue to rise in the next decades and it will make their children rich and happy because of their legacy. Or maybe they just say they will never sell Bitcoins because they think Bitcoin should be used as a currency to buy goods and services instead of an investment.

I like maximalism. It's much better than minimalism


It seems you're thinking 100% inside the box.
I'd really like to see you ask that "someone" after hundreds of years of holding...



What makes you think all of the current holders bought bitcoin?



This is simply not true.
Unrealized profit means (as the phrase literally says) you are in profit, just not turned into taxable goods and services, but there is profit. I'm currently 1000% in profit on every single bitcoin obtained and this money is real. I don't have to buy a car for it to be true. As long as I have the money in my wallet it's there.

If you want to play with words, I could argue that if you have money in the bank it's unrealized gain, as the bank can hold it forever, deny any request for payment, the money can be seized by the government if you misbehave and if you divorce your wife it can be blocked by order of a judge until you come to an agreement.
The gain from holding bitcoin is unrealized in the same way your fiat money is, until you use it in a store to buy yourself a new TV or a comfy couch.

Such comments are laughable, how is it possible that they are not going to sell their Bitcoin? At some point everyone is going to liquidate his Bitcoin, the only thing is that we can hold as long as we want for it to appreciate to our target price before offloading our bags. Even while hodling and patiently waiting for the appropriate time to sell, some persons may find themselves in a very tight corner, they may run into some kind of uncertainties like life threatening illness and they will have no other option than to cash on their Bitcoin investment.

They can never sell what they don't own.  That may be the major reason why some people are saying that they will never sell BTC.  It makes sense since we can't sell what we don't have unless we are commissioned to do so.

Please bear in mind, especially to those people that has no intention to sell BTC that we cannot realize our profit if we don't sell or use BTC for purchases.  Somehow our BTC needed to be converted if we wanted to make a profit.


If a holder has the intention to sell their holdings, they should never use the term "I will never sell" as a whole sentence, it should be followed by conditions to avoid misunderstanding, just like what you are trying to explain.


I think it is more likely an exaggeration to show that they are among those who have diamond hands but even diamond hands have to sell one day.

From what I understand by "never selling" it means not taking profits at the top to buy back at the bottom as many people advise here and outside the forum. They're hodling for the future and not interested in the short profits people make with each Bitcoin cycle. We can never hodl forever unless we have well paying jobs that can take care of all our needs and wants that we won't have a need of the profits that we would have made from Bitcoin and even though, at a point we'll take some profits but the frequent selling to rebuy won't be done. Even pure maximalist also sell Bitcoin when they're in need of cash.

People are investing in Bitcoin for many reasons and some of them is to secure their wealth, this set of people's don't have to sell whenever there's any corrections in the market and they can are the set of people that'll live by their word of never selling Bitcoin as they keep using it as a store of value. We also have those that are investing in Bitcoin for generationally purpose (generational wealth that they'll pass down to their heirs). This set of people will also live by their words that they'll never sell but for the rest of investors buying Bitcoin for capital gains, they'll sell at some point in the future so their hodling won't be forever and there's nothing wrong with that.

The whole phrase of "never selling" for most investors is associated with their emotion as they don't mean it because a majority are selling and that's why we keep seeing Bitcoin taking a dip as if there was no selling pressure ongoing, Bitcoin should have been holdings strong and not getting dump.

There are two reasons why people say this.

1. Out of emotions - they get too excited about holding bitcoin and say that they will never sell it because they are emotionally attached to their coins but at some point of time they do sell due to their circumstances.

2. To pass on to their children - some people want their children to inherit their coins and hence say that they will never sell their coins.

They can have such desires and that is the choice they make. Owning Bitcoin is our choice and selling or not selling it is our choice. If they still don't sell Bitcoin even when the Bitcoin price hits a new ATH, that's fine too. Maybe they still want to hold Bitcoin for the next few years.

Nobody forces you to sell your Bitcoin. Everything depends on your decision. Don't follow what other people say if you don't know the purpose. You must determine your own stance based on your research.

But even though they say they will not sell their Bitcoin, we also don't know whether they will still hold their Bitcoin when the price reaches its new ATH peak. If it were me, I would sell some Bitcoins and hold the rest. Who knows, the price of Bitcoin could still rise even higher.

Why they never sell for the reason that they want to keep more than 10 years, maybe they can hold on but many definitions say 'will not sell' means they will hold on longer.

Or don't want to keep their assets in fiat form they just want bitcoin and never sell in the sense that not the entire ownership will be sold, maybe when they need it they will sell it.

I will not sell now because I want to make a bigger profit so I will continue to hold it, if it feels like the time is right, I will definitely sell some of the bitcoins I have.

Individuals could see Bitcoin as a precious asset that can be transferred from one generation to another, so they can decide to keep it for a longer period. I have read about families that own some amount of precious stones which they inherited from ancestors. These assets may be kept for days of uncertainties or emergencies. Nations also keep assets like gold in the national central bank as Reserves. These countries have held these precious stones for a very long time with no intention of selling them. People could also keep Bitcoin as Reserves or as backup for emergencies.

But most Bitcoiners who have held the coin for a long time usually have investment plans. They sell some of the investment at targeted prices and also refill their hodling when the price goes down. Some hodlers also sell to take care of their needs from time to time. Keeping or selling coins depends on the choice of every individual.

This type of person who says they would never sell bitcoin is not someone I have ever met, but I do often speak with investors who say they want to hold onto their money for a while and aren't ready to immediately sell it off. because they believe long term holding will bring them more profit than holding for a short period of time. and that is my plan too. I believe individuals who say they will never sell bitcoin are lying, though. I don't even think they're real. If not, what would be the purpose of their Bitcoin investment if they had no intention of using it in the future?

Life is a choice, you can choose to keep Bitcoin forever or sell it whenever you want. I feel skeptical if someone says they will never sell their BTC, it seems to me that these words are just words that never come true. Bitcoin has a high price, maybe in the future the price will be even higher. It is impossible for those who own Bitcoin to never sell it, especially when the selling value is calculated, they will get a large amount of money. In my opinion, these words apply when the price of Bitcoin is cheap, when the price has reached its highest point, they will sell it and will wait until the price is cheap again to buy again.

I would say it is you actually quoting them wrong, once someone said he is not spending any thing monetary then just get it that he or she is holding it for long and as long as there it remains spendable then a time will come when he will definitely need to spend it or his family will spend it on his behalf.
We have such statements before mostly by parents keeping the funds as inheritance for his offspring so there is I am not the one that will spend it, this doesn’t mean that the money or bitcoin in question will not be spend but he will try his best that it is not done by him. This is one of the reason why we have people time locking their bitcoin to a certain period of time. But logically the bitcoin will certainly be spent except the keys Or seeds are lost and not found for ever