What contradiction do you see? The thesis is that Bitcoin will accrue in value against fiat over time. Hence they say don’t sell and the price of Bitcoin in fiat merely validates that theory.
Escapement_Watch on
they say they borrow money on it and just pay off the loan while the btc goes up more. I dunno how they do it but that is what they say.
potatoMan8111 on
Because they are morons who truthfully know nothing about crypto. Bitcoin Maxi Pads give crypto a terrible name and are literally the most clueless.
4565457846 on
It has no more use other than a speculative hold
20seh on
Real maxis are not fixated on the price. The only people fixated on the Bitcoin price are shitcoin holders because they know they need Bitcoin’s price to increase for their shitcoin to „pump“.
lightning_pt on
Cause they can use it to get bigger loans .
oroechimaru on
Got to pump you to be their exit liquidity.
amtib00 on
It’s never sell. Not never use. Big difference, it’s about getting out of the trading mindset.
VendettaKarma on
To know when to buy more for DCA
Outrageous-Leopard23 on
Cause when their bag doubles they sell 1%
EndlessSummerburn on
I don’t plan on touching any of my retirement accounts for 30 years, is it weird that I look at their value?
EdgeLord19941 on
Don’t sell it for FIAT. If you want to use some to improve your life then go right ahead
Stunning-Ask3032 on
Hold as much as u can
Ok_Fig705 on
I have silver that I never plan on selling…. It’s nice to see it has doubled in value…. Same logic as someone who has buttcorns
coinfeeds-bot on
tldr; The article explores the philosophy behind the phrase ‚Never sell your Bitcoin,‘ a mantra popular among Bitcoin enthusiasts. Originating from a 2013 Bitcointalk forum post by GameKyuubi, the term ‚HODL‘ reflects a strategy of holding Bitcoin long-term rather than trading it. Advocates like Michael Saylor of MicroStrategy emphasize accumulating Bitcoin as a savings currency and a hedge against fiat money, believing in its future value. The article also discusses the influence of whales on Bitcoin’s price and the broader implications of holding large amounts of Bitcoin without selling.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
SpaceUtopian on
Valid question.
jawni on
Because it’s still equity regardless of if you’re selling. /thread
KIG45 on
I also believe that Bitcoin should not be sold. In the near future, you will be able to use it everywhere with privileges because everyone will want it.
Sinnedangel8027 on
Because fake money allows them to loan against their assets for essentially free money that also happens to be untaxed. The higher the price on bitcoin, the lower effort it takes to get more fake money.
Imagine you bought 10 of something 15 years ago for like $1200. You never sell, and now, today, those 10 things are worth $1.2 million. So you can loan against that without having to take on any additional investments or effort in general.
Hard_Corsair on
Not a Bitcoin maxi, but:
If you have a bunch of a high value asset (e.g. $1 billion in Bitcoin or gold or Amazon stock), that asset is extremely useful even if you have no intention to ever sell it. The reason for this is loan collateralization, which is a big part of how the rich get richer and avoid taxes. That billion in assets lets you get loans at extremely low interest rates. You can then take out new loans to cover your old loans, and this is fine because you have so much collateral that your debt to asset ratio is never in question.
When you die, your estate can then sell some of your assets to cover outstanding loan balances. When done this way as part of inheritance, you manage to avoid getting taxed for gains on the assets that were sold. This is a big part of how generational debt works.
As such, if I had a significant amount of Bitcoin (I don’t) I’d want it to go to the moon so that I could hold onto it in return for endless favors from the banks.
Blarghnog on
When something just works, and the biggest drama you have is the price fluctuations on the way up, you have to find something to write about, so you write about the price fluctuations.
Bitcoin’s only drama.
This article is just a regurgitation of the question everyone who buys and trades crypto has to ask themselves: are you trying to get more fiat or are you trying to accumulate more BTC.
Molasses_Calm on
It is something that can be exchanged for USD. The value in USD indicates the demand for BTC.
SuccessfulRing5425 on
„Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a million bucks sure no problem bro“
lennethluna on
I will only sell my crypto for a good down payment on a house.
Electrical-Penalty44 on
They have no hope other than „price go up“. By now everybody knows NO crypto will replace fiat. Ever. So they are bag holders who need people as exit liquidity.
GaRGa77 on
You might be fixated but I’m not
GaRGa77 on
Stack sats and keep calm…
Objective_Digit on
Because you might want to buy some more?
MagnificentSlurpee on
Price = Adoption = Price
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31 Kommentare
Cognitive dissonance
GREAT QUESTION!!!!
What contradiction do you see? The thesis is that Bitcoin will accrue in value against fiat over time. Hence they say don’t sell and the price of Bitcoin in fiat merely validates that theory.
they say they borrow money on it and just pay off the loan while the btc goes up more. I dunno how they do it but that is what they say.
Because they are morons who truthfully know nothing about crypto. Bitcoin Maxi Pads give crypto a terrible name and are literally the most clueless.
It has no more use other than a speculative hold
Real maxis are not fixated on the price. The only people fixated on the Bitcoin price are shitcoin holders because they know they need Bitcoin’s price to increase for their shitcoin to „pump“.
Cause they can use it to get bigger loans .
Got to pump you to be their exit liquidity.
It’s never sell. Not never use. Big difference, it’s about getting out of the trading mindset.
To know when to buy more for DCA
Cause when their bag doubles they sell 1%
I don’t plan on touching any of my retirement accounts for 30 years, is it weird that I look at their value?
Don’t sell it for FIAT. If you want to use some to improve your life then go right ahead
Hold as much as u can
I have silver that I never plan on selling…. It’s nice to see it has doubled in value…. Same logic as someone who has buttcorns
tldr; The article explores the philosophy behind the phrase ‚Never sell your Bitcoin,‘ a mantra popular among Bitcoin enthusiasts. Originating from a 2013 Bitcointalk forum post by GameKyuubi, the term ‚HODL‘ reflects a strategy of holding Bitcoin long-term rather than trading it. Advocates like Michael Saylor of MicroStrategy emphasize accumulating Bitcoin as a savings currency and a hedge against fiat money, believing in its future value. The article also discusses the influence of whales on Bitcoin’s price and the broader implications of holding large amounts of Bitcoin without selling.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Valid question.
Because it’s still equity regardless of if you’re selling. /thread
I also believe that Bitcoin should not be sold. In the near future, you will be able to use it everywhere with privileges because everyone will want it.
Because fake money allows them to loan against their assets for essentially free money that also happens to be untaxed. The higher the price on bitcoin, the lower effort it takes to get more fake money.
Imagine you bought 10 of something 15 years ago for like $1200. You never sell, and now, today, those 10 things are worth $1.2 million. So you can loan against that without having to take on any additional investments or effort in general.
Not a Bitcoin maxi, but:
If you have a bunch of a high value asset (e.g. $1 billion in Bitcoin or gold or Amazon stock), that asset is extremely useful even if you have no intention to ever sell it. The reason for this is loan collateralization, which is a big part of how the rich get richer and avoid taxes. That billion in assets lets you get loans at extremely low interest rates. You can then take out new loans to cover your old loans, and this is fine because you have so much collateral that your debt to asset ratio is never in question.
When you die, your estate can then sell some of your assets to cover outstanding loan balances. When done this way as part of inheritance, you manage to avoid getting taxed for gains on the assets that were sold. This is a big part of how generational debt works.
As such, if I had a significant amount of Bitcoin (I don’t) I’d want it to go to the moon so that I could hold onto it in return for endless favors from the banks.
When something just works, and the biggest drama you have is the price fluctuations on the way up, you have to find something to write about, so you write about the price fluctuations.
Bitcoin’s only drama.
This article is just a regurgitation of the question everyone who buys and trades crypto has to ask themselves: are you trying to get more fiat or are you trying to accumulate more BTC.
It is something that can be exchanged for USD. The value in USD indicates the demand for BTC.
„Yeah you good traders can spot the highs and the lows pit pat piffy wing wong wang just like that and make a million bucks sure no problem bro“
I will only sell my crypto for a good down payment on a house.
They have no hope other than „price go up“. By now everybody knows NO crypto will replace fiat. Ever. So they are bag holders who need people as exit liquidity.
You might be fixated but I’m not
Stack sats and keep calm…
Because you might want to buy some more?
Price = Adoption = Price