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

legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
^
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.
hero member
Activity: 840
Merit: 522
----

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!  Wink
hero member
Activity: 1008
Merit: 629
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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. Grin 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.
legendary
Activity: 2576
Merit: 1043
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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.
full member
Activity: 1008
Merit: 139
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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.
sr. member
Activity: 2520
Merit: 366
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss 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.
hero member
Activity: 672
Merit: 546
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

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.
legendary
Activity: 1064
Merit: 1228
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.
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.
sr. member
Activity: 854
Merit: 364
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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.
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
Quote
There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it.

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

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.

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 ...
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.

Quote
If you want to play with words, I could argue

I can do the same  Wink
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  Wink

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.
sr. member
Activity: 532
Merit: 250
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

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.
hero member
Activity: 1204
Merit: 802
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So, time to time, I see some people saying they will never sell BTC.


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.
legendary
Activity: 966
Merit: 1042
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

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).
hero member
Activity: 2940
Merit: 715
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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.
legendary
Activity: 1974
Merit: 2124
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.
sr. member
Activity: 728
Merit: 444
They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you. There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it. If someone buys Bitcoin and their Bitcoin grows in price, they are not in profit until they sell and cash it out. They are in profit, but it's unrealized gain. They must sell to gain the profit. So, it's just they want to encourage others to hold Bitcoin for a long time. I don't want to blame them for such statement.
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.
hero member
Activity: 840
Merit: 522
They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you.

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


Quote
There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it.

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


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 ...
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.

Quote
If you want to play with words, I could argue

I can do the same  Wink
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  Wink
hero member
Activity: 3024
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC).
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.

Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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.
sr. member
Activity: 554
Merit: 271
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
sr. member
Activity: 2478
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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.
member
Activity: 966
Merit: 25
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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.
copper member
Activity: 2156
Merit: 983
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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
legendary
Activity: 2576
Merit: 1860
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.
member
Activity: 1191
Merit: 78
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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. 
hero member
Activity: 1484
Merit: 928
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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?
legendary
Activity: 2268
Merit: 1655
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...If there are reasons I would like to discuss them.   

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.
hero member
Activity: 3178
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  
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.
hero member
Activity: 3052
Merit: 685
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  
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.
legendary
Activity: 2604
Merit: 2353
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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.
legendary
Activity: 2478
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Don't let others control your BTC -> self custody
Or it is just pure maximalism?
I like maximalism. It's much better than minimalism Wink

They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you.

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...


Quote
There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it.

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


Quote
If someone buys Bitcoin and their Bitcoin grows in price, they are not in profit until they sell and cash it out.
They are in profit, but it's unrealized gain. They must sell to gain the profit.

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.
sr. member
Activity: 658
Merit: 441
So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  
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.
legendary
Activity: 3052
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that?

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.



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.

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.


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.

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.
legendary
Activity: 2478
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

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.
hero member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

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.
hero member
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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.
legendary
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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.
legendary
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.  

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.
hero member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

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?
sr. member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.
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.
hero member
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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
hero member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

Its easy to say that but actually hard to do especially if things will not go on our side and the value will decrease more due to unwanted market scenarios. But most of the time this statement will come out from people when there's good thing happened like this speculated event to come like halving. People usually hold their bitcoins for that reason so provably they would provably hold until next year for thinking that they can earn huge from its upper growth activity that could possibly happen in future.

Maybe other reason is they believe on bitcoins future but its hard to find those people hold for long term without any worry since most of people I meet is trading bitcoin for short term because they are afraid on its sudden market changes.
sr. member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

If you take it with literal meaning then what they are doing is investing their money for no reason at all but the term is never meant to be long term if I am not wrong. Because the potential of Bitcoin is way too far ahead and if you are tempted to cash out whenever you seem to feel bullish then you will be the guys who sold their BTC in 2014 and 2017 yet we are here at 2023 and one who sold at that period they thought they made huge profits which are true but if they are looking from today's perspective they missed it.
legendary
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
Because they chooses not to. But for me, cant say I wont sell or sold my bitcoin, thats one thing Id do but having bitcoin is like a lifetime gunner for your wealth but of course the action should be timely manner like the bitcoin hike happened and it did do some crazy pumped. But no one can really say their gonna hold off forever maybe Satoshi would do for the love of his project.
hero member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
Never sell their BTC? I don't believe it otherwise, they don't have a purpose of buying this.
People are investing in Bitcoin for profit, not just holding it forever. Meaning, it is a lie as sooner or later they will sell them, they just wait for the right time.

If you know someone who is buying Bitcoin, try to ask them the reason why and you get the answer. In fact, the price of Bitcoin continues to grow because of active trade -buy and sell demand. Never selling means that we are not helping the market to grow but stopping it.
sr. member
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Op see so far as investment or trading is concerned, no matter how much one has invested in bitcoin and recorded a lot of profits doesn't mean they ain't gonna sell it like what's the essence of investment? Isn't it to make profit? So how can someone say they won't sell their bitcoin, even if the person doesn't want to sell their bitcoin after making some profit from it I think that will be a higher risk because i feel that despite the volatility of bitcoin, it's future cannot be predicted yet despite making a head way since it was introduced but I feel bitcoin is still very young and requires some more years to be fully recognized as a Legal asset across the globe.

Moreover, hodling a volatile asset like bitcoin for a very long time without exchanging it to fiat or using it to make transactions doesn't make any sense at all as the coin can only be more valued if it is being spent or use it for exchanges.

hero member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that?

You need to realized that bitcoin is a form of money in digital technology, just as you may wish to hold down your fiat curre for long without spending it for some specific reasons personal to you, you can also decided to hold bitcoin without selling or spending and what you gain after this is profitability, unlike fiat they its currency loose value over time, you can decide to leave your bitcoin as an inheritance for your children and later they amass wealth in it when they sell it out, so it's at someone's discretion to choose what to do with his digital currency.
hero member
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Yep maybe they will never sell BTC instead they will spend BTC since BTC is a currency similar to fiat.

Maybe in the future many countries are accepting Bitcoin as a currency, so people will not hesitant to use their coins.

If they never want to sell BTC and spend BTC, they're just stupid because there's no point to hold a currency without use it.
full member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
If you check well, those are the ones that will sell their Bitcoin off immediately after a little problem hits them.  While it is okay to hold on to your bitcoin for future profit reasons, in the event of unplanned occurrence, you can't close your eyes to the reality and allow yourself go through pains and harsh condition when you have something you can sell off to offset your predicament.

I even feel that accumulating bitcoin is a two angle venture; it could serve the purpose of maximising profit in the future due to increase in it price and also be used as a saving or investment you can rely on in times when uncertainty might set in.
legendary
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What I find more believable is when someone's says they will never completely liquidate their bitcoins. I sell from time to time as the need arises but will never cash out fully and hold zero bitcoins. More than that I will always view Bitcoin as a valid investment and keep some level of capital constantly shored up in it.

They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you.
Some people can buy Bitcoin as a future plans for their children with no plan to sell during their lifetime. This technically passes as never selling your Bitcoin.
hero member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   

They are just lying in front of you in order to show how much they trust Bitcoin. If someone has no plan to sell their Bitcoin, not even after hundreds of years, either it is Satoshi, or they are just lying in front of you. There is no point in buying bitcoin, and holding it for decades, and does not have a plan to sell it. If someone buys Bitcoin and their Bitcoin grows in price, they are not in profit until they sell and cash it out. They are in profit, but it's unrealized gain. They must sell to gain the profit. So, it's just they want to encourage others to hold Bitcoin for a long time. I don't want to blame them for such statement.
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
Its not true if there comes a time where they really need money, and don't have any choice they will sell their bitcoin, its just a matter of how important the situation, like for example hospitalization, or wedding, etc, it will come down how badly he needed money.
member
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So, time to time, I see some people saying they will never sell BTC. And I am thinking why is that? (I mean I understand that you can't say never, there will be a time you will have to use your BTC). Anyway, is there any calculations, reasoning behind this? Or it is just pure maximalism?

If there are reasons I would like to discuss them.   
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