Should You Ever Sell Your Bitcoins?

I came across a post claiming you should never sell your bitcoins, and I just can't wrap my head around that. The idea is that if you really get Bitcoin, you won’t just sell it for no reason. Life has its ups and downs, and people sell when they need to. Plus, we’re not in 2010 anymore when someone could casually hold 10 bitcoins and wait for it to explode in value. It’s 2026 now, and if you’re not already wealthy and not just in your 20s, it’s hard to imagine getting rich by just holding for another 15-20 years. Imagine you’re in your 30s. You’ve got responsibilities, bills to pay. Even if you’re not living it up, those expenses can get pretty real and might push you to cash in on something valuable like Bitcoin. Sometimes, riding out a bear market could open up chances to invest in something that could change your financial situation for the better, if you’re smart about it. Even as a Bitcoin enthusiast, you can sell a bit and still go back to Bitcoin later on. Also, if you never sell, how do you actually enjoy the profits? It seems a bit wild to say you'll never sell Bitcoin. Does that mean being a Bitcoin holder means sacrificing your needs and your family's just to keep a pile of bitcoins? The whole point of having wealth is to use it. That's why even die-hard fans like Michael Saylor might sell off some. Just my two cents: If you’re in your 20s or 30s, go for buying and holding long-term. At this stage of life, Bitcoin should make sense.

Even bitcoin success was not an achievement with thoughts could have come this earlier, so when you are investing, try to have the mindset of you selling because you are going to be improved with time as you invested, how do you manage is just to hold for a while until your asset matures to sell, and if you think you have some fun that is of no use for now, instead of keeping them in Fiat currency, you are the better hold such in Bitcoin, at the long run, every bitcoin investor stand the opportunity of making profit once they can hold for some time.

It's a click bait and trap from market makers to keep people in the market, especially in distribution phase. Market makers, and whales need a quite long time for distribute their bitcoins to retails, and they will say something like "the bull market has yet been over", "Bitcoin is not for sale", and so on but they silently sell and distribute their coins for profit. When people realize that the market turned to bearish, it's late, and they will stuck in a bear market or have to panic sell for exit and provide cheap bitcoins to whales for accumulation and preparation for a next bull market. well prepared or bad prepared, people have to sell their bitcoins, just all or part of their coins, for profit withdrawal, rebalance their portfolio or cut loss.

As far as I know, there is no advice to depend on investments, not bitcoin or other instruments. Investment is only part of hoping for future benefits, but you also need to live today which should be a priority. In the context of benefits, there is essentially no difference between selling today or the future. If the advice is to never sell bitcoin, that will only benefit the network, not you.

It's ironic that someone said that, I invested in bitcoin to seek freedom from my own wealth, and it's quite strange if someone says I can't sell the bitcoin that I have collected, this is contradictory in my mind. I bought bitcoin with the results of my hard work, I keep it myself, maintain it and secure it, then later I was prohibited from selling it, wow very good logic. Bitcoin is freedom, no one can intimidate you with the bitcoin you have, all rights are in your own hands, don't listen to too many people.   Hold is the key to profiting from bitcoin, but that doesn't mean you can't sell it, you can enjoy the results of bitcoin whenever you want, and that's freedom.

I saw that thread, but I was not moved to read it, but after posting here, i'll have to read the thread to understand Op's perception and reasons. I think the era of "never sell" mentra is gone. Smart investors try to time the market and exit properly rather than hodling forever. I can only support that you should "never sell all your bitcoin". Sell when needed and still remain some portion, you don't know when you will die. Life is not 100% guaranteed. If you become a hodling addict, it's either you exit the earth without enjoying your wealth or others will lavish it when you die, or in the worse case scenario, your loved ones will not be able to access your bitcoin if you are no more. BUY low and SELL high basic rule should not be forgotten.

Don't sell your BTC, the meaning of those words is not actually what you think. That's a confident statement that even in bad price conditions, BTC can still reach higher prices. I don't think it's possible for someone with monthly bills not to sell their BTC when they need to. Don't take everything you see online at face value, as it may have a different meaning.

There are people who can afford not to sell their Bitcoin because they have jobs and other sources of income.  But I don't agree to follow the advice to not sell our BTC because our gain could not be realized if we just hold our BTC and do not sell it.  The worst thing is to be stuck with unrealized gain only to find ourselves wasting the opportunity to sell at a higher price and repurchase at a lower price.  As an investor, I think selling our holdings at a profit and repurchasing more Bitcoin when the Bitcoin price is down is a smart move.  After all, there is no rule that forbids us from increasing our Bitcoin holdings through trading, a.k.a buy low, sell high, rinse and repeat.

The thread OP is actually referring to didn’t say that one shouldn’t sell their bitcoin, although it wasn’t a straight forward answer but the OP of that thread say he now understands that never sell your bitcoin is different from the plan words and actually has its meaning although it didn’t put that words there. For bitcoin is a money and it needed to be traded because without trading bitcoin (buying and selling) there will be very limited or no activity happening on the network that’s not what the bitcoin network is made for. So there is nothing like one shouldn’t be selling their bitcoin because without selling what you only have is unrealized profits

The purpose of investing is to make a profit. No one will deny that fact. So yeah, the idea that you never sell is wrong, because what is the essence of investing if you never use the profit someday? What the person is actually referring to might be never sell when the goal has not been achieved. Investors have mini goals and major goals. Sometimes part of the goal is not to sell till a certain period.

Investing in not only part of hoping, you can not make bad investment choices and then go hoping it yields you any return, for me investment involves far more than just hoping because you need to do your own research, make your own calculated decisions and trust you well thought out decisions. Someone investing poor will most likely do that because they believe investment is just based on hope .

"Never sell your Bitcoin" is a kinda phrase that portrays mindset of a certain people in the market. It's not a rule but it's very common among long-term holders. The main idea behind it is to make people avoid selling their Bitcoin out of fear or the short-term movements of the market. However, that shouldn't stop you from selling parts of your holdings when you deem it necessary if you're primarily holding Bitcoin to sort immediate life bills. Your primary purpose if building wealth is to enjoy and benefit from it, if holding for long contradicts that, then you should sell and not let other people's strategy to control how you manage your assets.

I believe that there are some conditions that happen to you that is enough for you to sell your bitcoins, one of such conditions is when you find yourself in a life threatening situation where you have the money to safe yourself, I believe you should not hesitate or even try depending on others who may not come through for you because life comes first before wealth and if you say you want to keep your investment and try to sort the money from others and then it so happens that you die in the situation your investment will be lost or given to another person who will not value it.

If you are still in the early stage of investment, and you are still in the phase of accumulation, of course you must never sell but stick to DCAing and HODLing. But prior to that, you should set your target when to start selling your bitcoin, at least there should be a goal in order for you to be highly motivated to achieve that certain goal. Otherwise, if bitcoin is all about buying and HODLing, then it no longer holds its essence as a profitable investment. One should take time to sell to experience how profitable it is to have investment like bitcoin.

Stop following internet's gurus or trying to enter a bubble of idiots where you have to behave like they do in order to be accepted by the inner circle of participants. Bitcoin proportionated freedom and autonomy to adopters, so enjoy it as you wish for your own needs. If you want and have to sell your coins, do this. Nobody else knows your financial situation better than you. Forget Bitcoin maximalism bullshit and such philosophies which are only useful for a few individuals who don't have notion about reality to exercise dominance over other people's minds and lives. Bitcoin has to be useful for you someway. And you are responsible for finding out how it could better supply your needs.

It's wrong to say must you never sell your bitcoin because we have no control over the people buying bitcoin. If they continue buying and hodling, well that's a good strategy, but if they chose to instantly sell their bitcoin due to uncontrolled condition or situation, that's already their choice and we can't stop them from doing so. But if you are here fully committed to invest in bitcoin and hold it for long term, then you should never sell your bitcoin if your goal target has not been achieved or realized. Selling is not prohibited, but if possible, it should be done when you sell for profits, not to sell and suffer from losses because you end up in panic selling.

If you have other means of income that comes in fiat along with storing bitcoin for future purposes, then its better to never sell your bitcoin especially when you are leaving below your means and understanding oneself in your daily spending habit. And other hand, when Satoshi said, not selling bitcoin or forgetting bitcoin in a missing seed phrase increases the stability of the network and ensuring strong demand.

Nope, I'm just shrimp who doesn't hold a lot and I'll tell my peers to never sell their bitcoin. But if someone does take that seriously, they won't sell. There's a couple of meaning when people say that and that's to be firm and strong in holding it no matter what the market is showing. Although on the standpoint of being shrimp, I understand your point that we should know our status and situation and we have to depend our decision on our situation. For the younger ones, they've got all the time to take the risk and they're in a great era where this decision of theirs could change their lifetime.

To gain maximum profits, you must never sell your bitcoin. Instead, focus on DCAing and growing your bitcoin portfolio. However, the idea of must you never sell your bitcoin for long, I guess that's already an exaggeration. Even those who have started accumulating bitcoin 10 years ago are already selling a portion of it, not because they needed the funds, but because they also want to taste the fruit of their investment. And for me that's reasonable enough, one should take time to sell when the market is highly bullish while you continue buying in dips, or through DCA.

There are actually few people who can managed to never sell their bitcoin. Maybe because they are earning a decent income from their job, or maybe because they are stable financially and have no reason to sell their bitcoin so they just prefer buying and hold it for let's say 15-20 years or more if they are still alive by that time. However, this does not apply to everyone who entered bitcoin investment. We all have our own time and own reason why we are selling our bitcoin, and that's something we don't owe an explanation to other people.