Bitcoin Forum

Just sold 5% of my Bitcoin that I've been holding for 3 years and I feel satisfied doing so.

I didn't need to sell, and it was mainly for the satisfaction of getting back some of my original investment.

However, I also feel like its broken the "HODL AT ALL COSTS" mindset which I felt was getting a bit unhealthy.

I do feel there are risks with Bitcoin, and I won't drag people down with that here, but I will be diversifying that money into gold and shares, mainly tech shares.

If Bitcoin dips a lot, I will also buy some more Bitcoin though.

Basically, I'm glad I sold some if only to stop feeling like a slave to it (and to test the Coinbase selling functionality which only took seconds for the transaction).

I am happy for you for what you did. Sometimes, it is self satisfaction that you need to address and not what other people are suggesting. After all, it is your money and they don't care whatever you want to do with it. By the way, can you disclose how much in USD you bought your bitcoin before?

I bought around $8k in 2018 on average I think.

If I'm honest, I also have shares that have gone up almost much as Bitcoin, mainly in technology and biotechnology.

I am pretty well diversified anyway.

3 years holding... wow, you do it very well mate, if I'm not wrong you buy those bitcoins under $10k, I would say something like $1500 was the cost when you first buy and sell the 5% is a nice amount, for sure you already recover what you invest in and still holding the 95% of your profit. So, congrats you play it really smart.

Now the question is, for how long you will keep holding the other 95%? do you have a nice goal to chase?

No goal. I just use Bitcoin as part of my general portfolio for diversification.

I plan to keep at least 50% long term.

However, I am worried about the electricity use of Bitcoin. If, for example, Bitcoin were to replace the dollar as the world's reserve currency, it would need twice the amount of energy the world currently produces (or something like that).

My OP is essentially advising people to stay diversified with their investments, and don't be afraid of rebalancing.

Taking a profit after such high returns is never really a bad move, especially on a such volatile market.

"HODL" initially meant avoiding daytrading and being a long-term investor, but somehow it started meaning "never ever sell your BTC", which isn't that great - there's actually no guarantees that Bitcoin will reach $1 million or whatever other price people hope for, and HODLing means denying opportunities to sell high and buy back low, which isn't actually that hard to do, considering that Bitcoin tends to crash very hard after the peak of the bubble.

It's the whole point of holding. So that we can ride the wave to a particular target price after a few years and sell of for profits, right?  ;)

What matters most is that the selling price was at a point where you felt was your target price and not having to hold for 15 years and not enjoy the benefits of your patience over the years.

I also usually sell off whenever I realize profits that I feel satisfied with. I am not the type waiting for 10,000%  growth in value to sell.

Well said. And yep, I'll be saving half the profit to buy any big dip.

There is still a lot of momentum there to play.

Bitcoin even deserves its own momentum trading strategies :)

Self satisfaction is needed in each and every sphere of life. After selling your asset's with satisfaction is a big thing which can be considered as relaxation on your mind set. 3 years of holding is unbeatable. I tried from the very beginning of using crypto trading that I will hold some of my funds for a long time but for some reasons I can't do it. Still trying to hold.

That's a good decision, you've sold at the right market situation. Good you've got the ability to hold for a much longer time period. Three years of holding isn't an easy thing, myself too tried holding but I weren't able to do it. Most of the users have the mind to hold understanding the true potential of bitcoin, but they weren't able to do it due to planned and unexpected financial needs being fulfilled by the same.

Maybe the holding you've done will serve as an example and make users hold as much possible for their good.

Isn't the term having diamond hands for holding out when it comes to investments in trading of any sort like stocks?
I have always thought the term HODL was for those who were thinking of selling when the markets were pumping but others are advising not to do so in the assuming it will keep rising in the long term.

But I am fully with grabbing profit while it is available especially if the OP bought at $8k to cash out at $60+k.
There is no other stock which can say they made this amount in profit within such a short time.

Wow congratulations mate, with only 5%, you probably have got your initial funds buying your BTC.
COngratulate to all holders that bought Bitcoin still under $10K.
Holding top coins especially Bitcoin will never disappoint The trust in this coin is really true. AN dit si also about the patience and also trust on Bitcoin that BTC will grow someday. I also think so but I am personally late about buying it under $10k

That's what we are looking for, the word "satisfying" this what the most important.  There's no regret if you sold out your Bitcoin now but at least not all of them.  The 5% was might your initial capital since that investment was on 3 years ago from now and it was probably folded for how many times.

The rest if you didn't need the money yet, you can HODL as long as you can because there are too many predictions and rumors that Bitcoin price will reach another ATH of $100K on this year.  If you believe this theory, there are more profits will come precisely.  So, it is really worth it to wait even too long at least you can able to wait for it patiently.

Good to hear that there's a long-term investor like you, just keep holding.

It is great, bro. You buy at a very cheap price of Bitcoin. I cannot imagine how big you take profits right now. You said just sold 5% only of your Bitcoin, do you plan to sell in the next Bullrun after halving in 2024? I appreciate your decision to buy in the bearish phase in 2018. Now you prove it that investing in Bitcoin must be brave and finally get a happy result.

Those are common emotional personal feelings about braking the true essence of hodl but it isnt bad to take up some profits for the sake of completion or success because
we do have one common goal in here which is to make profits no matter it can be taken in short term or long term it wouldnt or doesnt matter.
Good for you that you do able to sell off your bitcoin and make out profits and holding for 3 years isnt something that someone could able to do so.
Cherish while you still can and its great that you do only sell out a little percentage into your overall holdings.

Well, my current portfolio (not including my house is):

75% shares
15% crypto (mostly bitcoin)
5% gold etc
5% bonds

I have Tesla shares amongst many others which have done well and bitcoin miners such as Argo Blockchain which have done better than Bitcoin itself.

The ultimate point of my post is not to treat Bitcoin as a sacred cow, and be prepared to sell it to rebalance your portfolio.

I'm not buying cars or guitars with the profits, and am actually quite boring with my spending :)

Yeah, of course, being practical counts. I admire you for that.

Putting your money in a single basket is more discouraged by investors than encouraged. Also, I don't think "HODL AT ALL COSTS" is admirable. It is not that amazing. It is myopic. If you hodled Bitcoin through the worst of times, that's of course one thing you should be proud of, but if you are all in and you are into hodling no matter what happens, I don't think you are acting wisely.

"You just sold your precious bitcoins cheap to institutional investors, Shame"  ;D

In truth, taking profits after a while (to at least recover your capital invested is a healthy move and puts you more at ease with the remainder of your stash. I sell bitcoins from time to time as the need arises an maybe sometimes for personal gratification as well.

About the "Hodl at all cost" mindset; no technology or venture should be trusted without reservations, always consider the pros and cons of holding and act accordingly. The important point is your still invested in it and plan on buying more if a lower price presents itself.

Well, there are also cons to selling Bitcoin too.

I live in the UK and am self-employed and work through my own limited company and so am under extra scrutiny from the tax authorities.

The single biggest reason for me selling today was that my accountant confirmed that:

-They are happy to calculate my Capital Gains Tax liability
-I am now insured for any investigation from HMRC (the UK tax authority)

Else, I would have been buying and selling dips for the last year.

I see that you are into long-time holder base on the amount you just sold anyway congrats cause you deserve it you are one of the reasons why we still holding at the current price. Because there are lots of people like you who wanted to support bitcoins by holding as long as you can. Anyway, the price still increasing and no one really knows when will it stop the only thing you can see are the good news that pushes the price to the new ATH. I believe this is the main reason why the OP didn't sell as much as he can since the price does not fully manage to climb as high as it could be.

Looks like a good decision because BTC just dip. Its not very clear yet when to buy back but if you are bullish on BTC anytime right now will be a good time to buy. 3 years is a long time, you are a long-term trader then. I think only a few of the newcomers in crypto has a long-term investment plan, most will just buy when the price goes low and then sell and then buy again. I'm more convinced that there are more people who have a long-term plan for altcoins that can be staked.


Institutional investors I think will prefer the OTC for it won't affect the price fluctuation than buying BTC on exchanges.

Thats great to hear. Selling it today made you a good profits since another new ATH achieved recently, selling at high price when you holding it for three years is so much contentment and great feeling.
 
 I remember selling 1/4 of my btc when it first reached new ATH this year at $19k and then it boomed again to above $50k but I didnt regret selling the first part of it since I do holding some of my btc until now. Im also a long term holder since 2018. Anyway, happy for you too, buddy.

Congratulations. It was time to enjoy a little of the benefits, I follow a similar strategy.

It's okay to sell 5% of your Bitcoin. Think you can do this when the price reaches certain milestones without affecting your position. For example, you can sell 5% more when it reaches $100k, another 5% when it reaches $150k, etc. That way you enjoy some of the profits while staying mostly invested and have more and more equivalent in fiat (as long as the price keeps going up and we don't enter bear market).

I got my first coins in 2014, when the price was around $600 per coin. I sold most of the original stash in the next few years, but earned some coins from signature campaigns and freelancing. If I had kept all of the coins that I earned, then by now I would have had around $250,000 worth of crypto (which would be a relatively huge amount in a country like India). But right now I have a fraction of that, since I sold most of the coins. I don't have any regrets. That's how life goes. If everyone hold on to their coins, then Bitcoin will never become popular.

Yep, that's what I plan on doing and wish I had done it sooner.

The reason I didn't do it sooner was because I didn't want to think about the tax implications (I am self-employed and have to declare all my transactions).

I have spoken to my accountant and they are happy to do my Capital Gains Tax. I have also bought tax investigation insurance purely because I am worried about holding crypto.

In the UK Coinbase have to inform HMRC (the tax authority) of any crypto transaction above £5k.

the basic principle is clear, friend, buy when the price falls and sell it when the price has gone up according to our estimates. but this is indeed from an action which certainly needs to be appreciated if you can refrain from selling when it has decreased, excessive fear of seeing the price drop drastically so you have to take that action.

Indeed, if you can hold bitcoin from 2018, it is certainly not easy because of this action because of the patience it has, the toughest is when it enters 2020 when the pandemic hits, there is seen the persistence of holders who remain steadfast not to sell because they believe there will be an increase.

so it is only natural that now that what has been done , it is okay to have a little fun to sell a little to enjoy the results of the improvement, and keep holding on to most of it because there will be a bigger increase.

There is nothing wrong with selling some of your bitcoin I just hope that you did it for a reason and not just to feel what it is like to sell, bitcoin is now facing a correction after reaching 61k and at some point some people want to exit the market in order to buy something they may like, however if the adoption of bitcoin grows as much as we think it will I think we may reach a point in which you will not need to sell your coins at all and still be able to spend your coins in stuff that you may need.

Congratulations! Very wise decision. I don't like Hodl at any price narrative. Money must make more money.

There are risks involved in investing in general.Tech stocks aren't a safe heaven.
Gold prices might go down,after the pandemic/recession ends.
Anyway,good for you.I won't be selling my BTC,even if the price crashes back to 20K USD.
I sold plenty of BTC last year,when the price was 7K-13K USD,so I regret selling BTC. >:(
I never believed that Bitcoin will reach 60K USD,so I guess I'll stay poor forever. ;D

I have sold my 10% of Bitcoin which I have been holding for two years,more I will hold for long term like 2'3 year because I know the future value of Bitcoin and I m so happy after selling my Bitcoin 10% portfolio because I earned good profit.and now I suggest to all that you hold your Bitcoin and don't sale because after selling you will regret very much, because it's confirmed news that Bitcoin will be above $100000  very soon like at the end of 2021 and may be before.so its my suggestion if you have Bitcoin hold for long term ,and if you don't have Bitcoin ,so buy Bitcoin.

Congratulations, I am very happy whenever I see someone making money from investing in Bitcoin. More and more people have invested in BTC and made money. This can strengthen the blockchain consensus around the world. I am happy from the bottom of my heart.

what you did is really inspring me to and I admire you for that!
I have some bitcoin and HODL is my way, it feels boring. for many times, I wana sell my coin but stopped coz people around me suggest that I keep it...
since we have got some profit, why can't we sell??? experience matters more significantly than making money, isn't it ;D

Well it could have been a better reason, but I am glad you were still satisfied with what you have sold and earned.
"HODL at all costs" is a bit harder to do than said because anytime you might need some cash to use in your life and depending on how much you have right now, you might sell a lot or a bit.
You still mentioned that you sold 5% out of your all hodlings.
That's fine as long you don't go all out.

Chill down on your praises, OP didn't sell everything, OP just sold some bitcoin to breakeven which is not that inspiring as many can do that with what they are hodling. What I am amazed is that OP has been hodling bitcoin for 3 years without selling a portion of it, and that I commend. You might want to hodl that bitcoin even if it is boring, wait for the right time to sell and currently I think is not the right time because bitcoin can still go to a higher point and there is still a lot of months to go and many things can happen in that timespan.

Great! At least you are feeling good about this. All I have seen is that people saying that they "regret" selling their coins once they see the price skyrocketing again. Even they didn't make any loss selling, they say they feel bad because they could have it for more profit.
You did the right thing not following the chant "HODL at all costs". You are right. This is somewhat unhealthy and creates a lot of stress and makes people anxious. You don't have to keep holding. Sell if you have to. Sometimes it is better to let go than to keep holding.

That is a really brave move and I commend you for doing that. When it was 2018, people are already seeing a sharp peak on Bitcoin's chart and they are saying that it will not reach another greater value than that but the Cryptocurrency Industry proved that wrong. People were vigilant on getting into Cryptocurrencies at that time and now they want a piece of it because of its surging values and garnered attention. Its still a great move for you because waiting for a value to come up is one of the most nerve wracking situations a person can experience.

First of all, congratulations. 3 years may not be a lot but in the view of Bitcoin for whom most of us here have only been around it for 4/5 years, it's a long time. I assume you're also holding much more than me (since if I sell 5% it's nothing lol) but don't feel that selling what you need is unhealthy. Even Vitalik says he sold 50% to pay his bills!

You are a patient person who can hold for 3 years, that's something that must be appreciated. Moreover, 3 years ago the price of Bitcoin was
very low, meaning that now your profit is very large, I wonder how much Bitcoin you HODL. In my opinion if you already profit from Bitcoin that
you HODL, there's nothing wrong with selling your Bitcoin for take profit, there's no need to feel guilty or unhealthy. Even though you don't actually
need the money. But like you said, selling 5% of the amount of Bitcoin you HODL is to give yourself satisfaction, because it's been holding Bitcoin
for 3 years. Sometimes this has to be done to release the stress we have.

It is a much better way of earning more bitcoin instead of just letting it stay there and get stagnant. I plan to do some staking but I don't have the enough bitcoin to do it to make as much interest as possible. I did plan to trade but I don't think my lazy ass is going to want to watch the market all the time so passive investing is going to be my pick. Congratulations to OP for hodling that long, I don't think that I can do it myself but hey you did it and you got your initial capital by just selling 5% of what you have.

Whether you are a trader or an investor, there is a time that you will take some of your profits for some reason and in your case you took profit because of satisfaction and its a good thing.
On my part, I will sell all of my holdings when either it reached the target I previously set or I'm seeing that the market is slowly going down already (this needs a bit of TA though).

I know that Hodling is a good thing in order for you to maximize your profit but on the other side, there are some cons into it.
Remember those people who bought Bitcoin at the peak of 2017. It took them 3 years just to be breakeven. If they just cut their losses instead of just hodling it, they might made more money that they did right now. For me, hodling is good but as an investors always put a selling price and not hodl ALL of your holdings. Take some profit at least but don't sell it all. Save some and that is the one that you need to Hodl.

We are waiting for that moment too, the time where Bitcoin will dip so that more people can buy it lower.

Bear in mind that the reason I sold is to rebalance my portfolio.

I'm selling some bitcoin because it's high, and buying some gold because it's low and tech stocks because there has been a correction recently so they are off their peak.

This is all about hedging for the long term, 10+ years.

It looks like you were really patient that you HODLed for 3 years.  ;D  We don't see so many people have the courage not to do a panic-sell and wait patiently for making a profit that is worth selling. Of course you didn't sell all of it but it really feels good when you make a nice profit and want to celebrate it by selling a little amount of it.  ;D

So you only did this for experience and for satisfaction ? while many are selling because they are in panicking or they are greed enough not to let scape the chance of small profits,
I salute people like you who already Know how to value the coins even if they are not.

You know the chances of continues increase while others don't believe.

But the main thing here is you have the capacity of letting it stay on your holdings when many of us use the funds to have foods on their table and it is sad but reality.

I think you have a very good investment strategy. And yes, when we have invested in such assets that require a long period of time, years and not months, this wait can drive us crazy. That's why it's best to just "forget" about the coins in our wallets and not look at the market every day and wait something to happen.

Have you bought yourself a present for being holders club for 3 years? If you havent dont it yet, I suggest to do it to strengthen the joy of receiving first benefits and to kill FOMO hunger. Or, since you have successfully tested in-and-out scenario, you could deposit these 5% back and continue holding. Buy I really suggest or even insist on buying something that will be memorable to you.

I can relate to this feeling back in 2018 mate when i first sold all of my coins Gathered from my Signature campaigns and some Bounties.

And it feels Good even though i am disappointed that time because the market starts to bleed from the Hype of December 2017.
Sure he will Buy Himself something that will remind Him of this experience , treat Himself for future remembering .

You made a good decision to sell your bitcoin at the price you want, so enjoy your money.

While the price will fluctuate, you can try to place an order buy at a low price because bitcoin price will be down and sometimes, the downtrend can make us happy because we can buy bitcoin at the lowest price than before. Right now, you need to watch and analyze the market so you can find that time to buy bitcoin so that you can get more bitcoin later.

Yes indeed. I've just treated myself to some more shares in Scottish Mortgage Investment Trust (SMT).

Yep, I can seem like a bit of a crazy guy sometimes, but I sure know how to have fun  ;D

I would probably do the same If I had a lot of bitcoin holdings but I dont. I already sold mine 2 years ago, and I wish I didnt since the price of bitcoin back then was just 4k dollars. HODL has it's pros and cons and an investor should know his/her limits. Well all know that the price of bitcoin flactuates. Waiting for the price to spike and sell it is a good strategy to earn more than what you've invested, but let's be honest, it would take too long, even years if you want bitcoin to reach the price beyond your expectations and in those long years you'll witness bitcoin dips, which isnt a pretty sight. If you think that you have enough, and received more than you have bought, you can sell your bitcoins. You'll never know when you will need the money.

It is nice to hear about some people that they choose to HODL and reap the benefit of it. I also do the same sometimes for rewarding myself. It is also very important to observe the price and be careful for not losing your investment by selling it at the right time.

Well done! Sometimes its good to take some profits. Are you involved in any altcoin projects?

Everyone has the right to do anything with their bitcoins and sometimes we also have to do things outside our plan with our bitcoins for reasons of satisfaction, need, panic and so on.
I think holding bitcoin for a long time is not easy because it will get past the feeling of wanting to sell when the price goes up and up and there will be a fear of the price going down again and that is a very tough test.
The OP's decision was great and whatever the plan, I don't care because it's your right, and you were very good at holding bitcoins for 3 years and this is the perfect time if you want to sell everything and buy back when it goes down.

I've got Ethereum and Litecoin, plus lot's of little bits of the new defi stuff like Uniswap, Aave, Balancer etc. If I read a couple of positive things about them in the media, I just buy a couple of hundred dollars worth of them for the speculation. I'm starting to understand them a bit better now, but nothing like a bit of skin in the game to keep you interested.

I'm thinking about buying more Ethereum though, as I think Bitcoin will take a big hit this year with the climate change conference. Ethereum is moving to the less energy intensive Proof of Stake system, so I predict inflows.

Although I think Bitcoin will take a hit because of electricity and carbon footprint, I am convinced that Elon Musk and other Bitcoin proponents will find a way to make Bitcoin carbon neutral, and not only that, make Bitcoin positive for the environment within the next 10 years.

Just seeing how huge the difference is, in its market value way back 3 years ago, will surely satisfy any investor with regards to the profit. It is surely hard to hold for that long given how many downfalls we have seen over the past years and it is only this year wherein the market value doubled and even tripple its ATH before. It is not as easy as it may sound to just hold and I do think those people who managed to do so are really something.
Holding all of it is like carrying a boulder over a mountain. And it I'll be awesome to know if he really managed to not sell even a small amount over the years. I myself failed to o so because of the pressure this market gave me when the market price fell for more than a year.

This is very good advice, because the cryptocurrency market is in a bullish trend and thanks to constant corrections, it is possible to replenish your budget due to the price difference. Of course, you need to spend some time on this, but I believe that it is enough to monitor the bitcoin rate in order to sell and buy at a cheaper price on time.

Yes, I plan on using 50% of profit to buy dips from now on.

How many buy/sells do you do per year, if you don't mind me asking?

Same here, I sold mine yesterday too. But I promised myself to sell them when I need them, and I need then currently for venturing my business to a much wider range and also for new opportunities. And also bought some alternate coins out of what’s left of the Bitcoin I sold. The feeling of not being withheld just because you said so yourself you will be hodling for life, made me feel free too.

That's great bud, always good to keep your eyes open for new projects.

Very interesting what you said about Bitcoin - this might actually happen but like you said Im sure Elon Musk etc. will find a way to resolve it.

Quick question - what are your thoughts on our $XTP token?

This is really tough decision to hold that bitcoins with your eagerness to sold them already when the price is quite really high in the first place if im this i can't hold that much longer when i see the price is decrease i will panic on selling them and wait for the price decrease into the maximum and when the graph shows that bitcoin is increasing again that's the time im going to buy just to make a good profit while the market is really unstable well it's really unpredicted however i just follow what my guts say's.

Congratulations on that, I feel glad to hear things about this. Those people who chose to hold for a long time and now they are having good profit, that is what we can have if we trust and believe in bitcoin, as of now the value of bitcoin is high and that would be too risky if we buy bitcoin these days, the prices of bitcoin can still go down and that would be the best time to buy bitcoin.

You said it. I think we have to stop pretending that Bitcoin is a tree that grows up to the sky.

In my very humble opinion, I think there will be two central things governing the price from now on:

Bitcoin Market Cap vs Gold Market Cap

I think gold has a market cap of about $10tn, and gold has many upcoming electronics uses. I think the Wall Streets Bets crowd are now switched on to commodities and stocks as much as they are to crypto too.

Bitcoin Carbon Footprint

For Bitcoin to get close to a million dollar valuation, it will take an unpractical amount of electricity https://www.bbc.co.uk/news/science-environment-56215787



OK. I've said two things (amongst many, obviously), and most optimists will think of them in isolation, but the effects of both will add up into downward Bitcoin price pressure in the medium term.

The same feeling is what I have been through the first time I have sold my Bitcoin way back the first years of my engagement here in crypto industry. The feeling of happiness brought by satisfaction is really priceless to think that after holding for a long time is thar you can already be able to sell some and keep on holding the remaining portion just to provide for your needs. Although it is not that necessary to sell for me, but still I have decided to do it just to feel how does it take to make those earnings in real cash because I cannot directly do transaction with Bitcoin for purchasing here in my country. Just maintain the balance on holding and selling your Bitcoin and other crypto for you will be the one who will benefit on it at the end.

good for you, it's more than +600% of the profit.
it must be tough to hold it for 3 years during the bearish.
do you have any calculation on that 5%? why did you sell 5% from your holding?
if I am not mistaken there's a "4% rule", I wonder if you did something like that.
https://www.schwab.com/resource-center/insights/content/beyond-4-rule-how-much-can-you-safely-spend-retirement

I know exactly how you feel because I sold some in December as well. The price at that time was around $28000.
Today it's $56000 and I am not sad at all. It's double the amount but I still feel happy because I'm in here for the long term.
Holding is good but not selling when you are in need of it is definitely not a good thing.
We bought bitcoin so that we can reap it's benefits but if we don't utilize it in need then what's the point of holding it ?

I haven't any BTC so can't say this expression. But I feel that it is a feeling that depends on your returns which you get from the investment. Maximum of bitcoiners get a good profit from their first trading. Sometimes there occurred unexpected situations. The cryptocurrency world is highly volatile so there is no guarantee to get the same results for everyone.

I just rounded up to the nearest thousand pound sterling. It might not be too accurate, so take with a pinch of salt.

I think that 4% rule is generally about the natural dividend yield of stocks, which I have chosen to disregard.

My overall plan for retirement is to keep 2-3 years worth of cash, and skim profit off shares and cryptocurrency.

But that plan might only work in a high money printing, low interest rate, equity growth environment.

If I think the 4% rule works in the future, then yes, I will also move towards that.

If bitcoins were bought three years ago, now is the time to partially sell them and fix your profit. We see that the price of bitcoin is moving cyclically and so far, in general, in the direction of increasing. In any case, it is still profitable to partially sell them at such a high price and wait for the next fall in prices in order to buy at a low price.
If you just hold on to bitcoins, you can remain a witness to the rise and fall of its price, which ultimately does not guarantee a profit.

That's one way to go about it and I'm impressed. I was beginning to wonder if you made a mistake by barely trying to test what it felt like to make a sale but far from it. Its simply getting the satisfaction of having your capital withdrawn and working only with the interest which is good.

I'm sure you got the satisfaction you deserve and thats really good. 3 years is a long time and 5% doesn't seem like a lot compared to what you've got stalked.
Its really awesome to know how much profit you must have made following the way bitcoin has been doing from the bullrun and of late. Kudos on investment, rely encouraging on your part.

Great for you OP in crypto or any other investment I think it is better to save our investment and don't be too greedy.
It is a good profit for you already for holding it and waiting for it to reach this high before cutting it off.
We shouldn't stress ourselves too much from it and learn to take a break or relax.

This is a personal decision; if the investor has reached their profit target they can sell and take out some profits. Some long term holders eo are yet to hit their desired target are still stacking up sats as they perceive the value is still relatively cheap.

If you only invest what you can afford to lose, changes in the market wound not pose a risk.

Wow. You are surely the happiest man in the world nowadays)) because you did your own steps, you make your own choices without hesitations and any regtets, and you are with high profit. You are the real example for lots of people who do not still believe in Bitcoin, that everything is possible in your life in case you believe and act wisely.

I can feel the satisfaction and pleasure you feel after selling 5% of the Bitcoin that you HODL for 3 years. Because I also experienced the same thing,
a few months ago I sold some of my Bitcoin. Which I also collect Bitcoin from 2017 until now, so selling Bitcoin when the price is high gives
satisfaction which is indeed difficult to explain.

The most important thing is I feel what you feel, therefore there is no need to feel unwell if we sell Bitcoin which we have HODLed for a long time.
That in my opinion is something that investors should do, at least give rewards to themselves. Because it has succeeded in being patient with
Bitcoin holding in the long term.

Don't be too impressed. I would have done it sooner but I am self-employed and I run a small company so don't want to get into trouble with the tax authorities.

Therefore I wanted to be sure my accountant was happy with what I was doing, and was given the all clear 2 days ago.

I even have insurance now  ;)

I mean in an investor's mindset you cant really just hold bitcoin forever at some point we are always looking for profit, and investors are going to sell and make a profit if the profit was too high.

When the market price was too high in the market there is going to be a dump after that, especially if the pump was a big pump it is also going to be a big dump because investors know how the market work so at some point, they are going to sell and take profit at the high market price.

3years of holding is already a huge profit for now, and it doesn't really matter because you could always buy back bitcoin in the deep, we know how volatile the market is.

You been faithfull to hold bitcoin that you have, also you been passed the worst thing that has been happened especially 2017 ago when bitcoin price increased a lot until touched the first all time high $20.000 but theb its price just dumped a lot $3500.

I just wanna know what have been done by you at that time so that you decided to continue to hold the bitcoin that you have?

I guess it will be a diffult thing to do. I don't have any bitcoin at that time. I just new comer that still learn about how bitcoin work and make some sources to make my believe is confident that bitcoin never take my money in any situation.

Bitcoin is about 10% of my total portfolio.

Buy stocks before you buy bitcoin.

Buy a S&P500 tracker before you buy Bitcoin. An S&P500 tracker contains Tesla, Amazon, Facebook, Google, Microsoft etc.

Read what Warren Buffet says about S&P500 trackers.

Warren Buffet is not an enemy of Bitcoin, he simply has a point of view.

That's what needed for one to feel, to be satisfied upon selling a portion of their holdings.

As long as you're happy and you know what you did at the current price which doesn't hit you mentally, that's what needed for you to look at. You're good and you can just buy it again which is part of what you've said and that's a good strategy.

There were many that sold theirs and don't plan to buy back those sold bitcoins that they've done. You sell some and hold more.

A good percentage of your portfolio, but I hope you can add more amount of bitcoin, especially if you can buy it at a low price. I do not buy stock or another commodity because I do not know what I should choose to buy. Even the name in that stock list is a popular company that still needs research before we buy, making me decide to buy crypto.

Hopefully, you can prepare for the next incoming bitcoin price ;)

There is no point in selling your coins, if you plan to purchase them back at some point in the future. Because despite temporary fluctuations, the long term trend for Bitcoin is always positive. That means, if you are selling your coins then in all probability you'll be purchasing them back at a higher price. On the other hand, if you want to do profit booking, then it is OK. At one point or the other, we need to sell a part of our holdings in order to cash out. There is no point in not spending some of the coins, as long as you have enough holdings for the future.

I believe everyone feels satisfaction after successfully holding Bitcoin for 3 years and selling it at a high price. Maybe you invested in large
amounts of Bitcoin, because you only sold 5% of your Bitcoin and were satisfied. Then I can understand why you have an unhealthy feeling,
because deciding to sell your Bitcoin after a successful HODL for three years is sometimes not easy.

Because what you really want is HODL without selling it no matter what, but sometimes times change our plans. So in my opinion there is
no problem changing our original plan if it is still profitable. Sometimes we really need to sell the Bitcoin that we have when it is profitable
to buy Bitcoin again when the price drops.

it is clear that OP does not mentioned about reason of profiting ,surely you did not read the OP instead just the title . because OP had sold Small fraction of His Bitcoin for a sole Purpose and that is to experience the feeling of having sold some BTC's .

In which brings us the Happy feeling from our own investment or even from our first Bitcoin payment as a Hunter.
Yups Relaxation is what we have must because when the price of Market is completely falling that means  we are in so much stress, but OP as a Long term Holder cares nothing about the present price.

I think you do not understand the point of selling and buying it back at lower price. The point that op was telling is that when the price goes down after taking profit, that is the time he's going to buy.

And what you are telling about selling a part of holdings and telling that it has no point in selling contradicts each other

There are many positive ideas about your market even if the market goes down, wait patiently without investing any effect on you later many traders do not have the patience to invest in your plan there are many traders who sell the currencies when the price goes down and can't wait patiently. When the price goes up there is a lot of loss it’s a much better strategy for investing you have made a lot of profit according to the current market price

Many people that hold Bitcoin now became rich people. The demand in Bitcoin is raising.
You can read about this here https://dailycoin.com/bitcoin-demand-goldman-sachs/
Many people use Bitcoin for investment because the price of Bitcoin is growing.

Congrats, you did really a good job here. selling only a little share of bitcoin while the market is near the ATH is very smart. You can enjoy your profit and spend it in real life or anything else. For the rest of your investment, if you are planing for long-term you should hodl the bitcoins even for another 3 year and see what's going to be happen after next cycle of the halving. you can also take more risk, and sell some amount here at this price and wait for the price to decrease and buy again. This way you can also increase your bitcoin amount.

Specially for OP that he only wanted to feel the selling chance and nothing more , it wasn't about the profit or anything but the feeling.
He has not plan using the amount for even trading , that is solely selling chance is what he wanted.
Lol that is only for Bounty hunters , in which selling their coins because that is all they wanted and not like OP in which Holder and the intention to sell is that the feeling only.

3 years before bitcoin was dirt cheap and Yes, Satisfaction is the main thing in every work we do. It's always good when we easily take out our principal amount. Risk is in every investment so it's a common thing in any investment. I believe you are planning to hodl your BTC for the long-term. You are in a win-win situation after selling 5% of your BTC holding because you trust in the BTC.

Now that’s good for you, and you should be happy for it. You’ve been holding on for so long, and selling only 5% of it is just good enough. After all, it’s your Bitcoin.

For me, I only sell when it’s really “necessary” like emergency situations or so. I am a long term holder, so I only seldom converting my BTCs to fiat when I feel that it’s really needed. Same thing with my other cryptocurrencies that I considered as long-term projects.

Did you sell it in the current price market alone or you put also an interest rate for it? I'm curious.

Anyways, I know how you exactly feel. Selling your Bitcoin successfully after such a long time of perseverance is like receiving your very first Bitcoin in a signature campaign salary. I remember my first time having my bitcoin salary in my first signature campaign. I was so happy and proud about myself and finally believe even more in Bitcoin's capability and existence.

Congrats OP and continue to do profitable things rather than making random decisions because of panicking.

What exactly price did you sell? I think you mare already earned a profit with the 50k price of the bitcoin but did you already manage to not a having regrets about these decisions? I'm just asking because there are a lot of people who got profit and now having doubt about their selves because of the regrets there is a chance that the coin increase more but at the end of the day they already pulled out. It's just a normal thing I guess because earning is still an earning.

Congratulations on your decision hoping you enjoy those holds for a long time and make a good profit.

I am someone who made the mistake of selling BTC at extremely low rates (~$200 per coin in 2015). My advice to everyone here is to hold on to at least 70% or 80% of your coins for the long term (i.e at least until 2024). With all the stimulus measures and welfare splurge by the governments, it is just a matter of time before ordinary people use Bitcoin to protect their wealth. Once that happens, BTC can go to very high levels, even beyond the dreams of the majority of the users. We have seen the exchange rates increasing from $0.001 in 2009 to $61,000 in 2021. We can wait for a few more years, so that the exchange rates will touch 6-digit figure.

Well knowing buying bitcoin wayback 2017-2018 was just only cost about $3000 more or less was too far different than buying at the present bitcoin market value which is $54,380. I could imagine how the OP did try to control himself not to sold his bitcoin wayback when the market was saturated. I am happy for him earning a profit that he deserve, because waiting for three years and having a patience to hodl it for a quite long time was not easy.

you feel happy after selling for the first time and this can cause addiction  .
 you will look forward of selling your coins when you have a chance but the saying "hodl at all cost " dont mean that you must hodl forever but it excludes some reasons on why we must sell .  
btc is invented because satoshi wants freedom for us not remain as a slave because you keep your promise of hodling . you control your own coins why will you limit yourself .

Congrats bro! Your hand so strong because you can hold BTC for more than 2 years.

Hope your story can motivated me to hold my BTC for long too, i've been holding my btc for 6 months and my target is BTC can reach more than $500k.

3 years in holding? That was a long sacrifice but it was paid off.
I'm for sure that only a few people who've been doing this coz it possible that they sell their Bitcoin at the first market rally at $20k, $30k...But you have that strong faith and the situation gives you a favor.

And you are holding 1BTC, it is already big money when converted to fiat. It is already a million to our currency. Pretty impressive, though.

I think it would be better to just make it private on how much did he disclose his bitcoin, maybe if he wants to share it then he probably do it already by doing this post. It is always you who will decide on what you will do on your money because of the end of the day, you will be still the one who will decide of it maybe you will get some opinions of other people but still the final decision is yours. The 3 years of waiting is all worth it because it was paid off already, good to you bro.

LOL $ 500k is your target.
you will hold it for life, do you not want to profit from the Bitcoin you hold.
it is not wrong to target a price of $ 500k but, logically that is still not possible and still very far away.
Getting to $ 100k this year is still pretty tough. Bitcon will not continue to rise, there will be times when bitcoin is bearish and is at its lowest price.

but if you hold bitcoins without expecting a quick profit and can hold them for years, that's pretty awesome. But the big profit depends on how much BTC you can hold, buying it gradually at different prices would be very good.

I don't think anyone ever thought it means "never ever sell your BTC".  What it means - at least to me - is that you don't sell until bitcoin has reached fiat equilibrium and then you don't need to sell because you'll be able to transact in bitcoin without needing to convert.  If usage continues to increase, whatever the use, whether fiat inflationprotection, buying stuff, speculation, an ETF, smart contracts etc, equilibrium will be another order or two of magnitude from here.  So another 10 or 100 times in fiat terms from here, or potentially 500k to 5000k in USD terms.  In early 2011 people were saying "dollar parity won't hold" and thought $30, $100, $800, $2000, $10000 etc. was a pipe dream, let alone $50-60k.  Another 1-2 orders of magnitude is certainly possible, who knows when.

At the time when the initial drunk HODLING post was posted, bitcoin was around $800.  All the people who were shouting "bitcoin is crashing" and other nonsense sold.  He held.  I don't know when or if he's sold yet, but if so, he has done well.   It has been the same story since summer 2010 when I first read about it.  Every time bitcoin goes up and then goes down some.  With trading, you may get lucky or unlucky, and lose it all.

The way to get "diamond hands" is to buy and wait.  (I used to say mine and wait, but that ship seems to have sailed for now for many people).





* And I saw his post just as he posted it and though, "this is the dumbest thing with HODL" and look at it now everyone is using it, although it is still idiotic, so what do I know.

Time will tell, but people said the same thing in 2010, 2011, 2012, etc.  Those people sold at $5.  Or $30.  Or $500.  Or $1000.  Or $5000.  Maybe they needed the money and are happy about doing so, maybe not.  It was their choice in a free (at least in some places) world.

If you *need* the money for something, certainly sell, but blanket statements like that have been proven wrong many times.  If it makes you happy, sell.  If you are stressed about the ups and downs, sell.  But don't do it just because someone says "logically that is still not possible and still very far away." It may be a long time, it may be short.  It really depends on you and your goals and what you consider "long" and "short." 

That's really a tough job to do, holding when you see that your investment already been fold many times. It's really insipirational
knowing that there are people who really believe to this industry.

Holding 1BTC way back where the price is much lesser, and with so many falls that happened before hand, that's a good decision
making to keep it and now sell with a huge profits.

Ahem, just to clarify that I didn't hold on for so long just because of willpower.

Another reason is that I am self-employed and work through my own Limited Company, and so am constantly under threat of investigation from the tax authorities.

I was essentially lazy in leaving it so long to check with my accountant about Capital Gains Tax and I have now even purchased special insurance to protect against tax investigations.

Basically, I was worried that selling Bitcoin might alert the tax authorities and initiate a wider investigation into all my financial affairs.

And in fact, I turned out to be correct about this, as Coinbase now has to inform the tax authority of large transactions in the UK.

Profit is profit, congrats your patience really paid off. Its not bad if you take and enjoy some profits since not all holders reached your stage. Proven that Bitcoin is worth hodling and anybody has their different strategy on until when to hold and exit. But just like you most of us are very optimistic about Bitcoin’s future.

First you need to ask yourself whether you can hold the coins for up to 4 years. If you can't hold for that long, then you need to come up with a plan to do profit booking. I am saying this because during the last 9 years I have seen a lot of noobs making the mistake of doing panic selling. They are not ready for extended bearish phases, which can last for 1-2 years. So always consider this possibility while you plan for long term hold.

Holding bitcoin for three years means you must have bought at a very low price and selling now means you've made a lot of profits, even if it's only 5%.
Personally, I do think that it's great how that you sold some of your coins. The satisfaction that comes with having some profits over your investments is underrated.
Many people hodl for very long time with the hope that the price of bitcoin will always go higher. They may be right, however, looking at it practically, that would mean there will never be a time for them to sell since bitcoin always has the tendency to rise in price.
You should know that you don't really have money until you can use it.

At some point you have yo take your porift, there is no point on hodling for too long. Give yourself a break and enjoy the fruits of being patient. It isn't easy to hold your self from selling especially if you see that you are already at profit. Some early adaptors who bought BTC in less than a dollar wpuld've been tempted to sell when BTC went to 100$, patience gets rewarded in crypto.

If 5% selling could make you this happy, it means you're holding a lot of bitcoin in your bag. It feels good you are gradually paying yourself for been patient over the years to have earned massive through the Bull season. Diversifying your portfolio into other shares is quite awesome.

Well, count the profit for that reason because the price is good when he had sold. Unlike the others who did it and was caused of panic, they're regretting it now.

For the record, he had said it that he's going to buy again if it dips.

I don't get where you got the idea that it's only the bounty hunters who do that.

All decisions are indeed everyone's choice, no one can prohibit it. Including about a speculation price of $ 500k. people can disagree because it is a free world.

Why do I say logically it is still far (not impossible). Because the price is too high and some groups and banks will not stand idle when the price of bitcoin is out of control and too over.

2 years or even 10 years in the future we still don't know how the development of bitcoin is.

Everyone has their own goals, indeed no one can prohibit when targeting a very high price on bitcoin, the most important thing is that the money used is not money and is required to be withdrawn at any time.

Congratulations on your achievement, it seems like you have gained a huge interest from your investment, those who believe in bitcoin is now earning a good income and that really inspires me more to invest in bitcoin as the bitcoin keeps on going up, I am just afraid because the price of bitcoin is too high and that would be riskier maybe I need to wait for other time for bitcoin to goes down a little bit and then buy for hodling.
Yeah, that is for sure, that is really worth of waiting, that is why hodling in bitcoin is really a great thing and will even secure you in the future.

If you saw or studied the last two market rallies then you will understand that a single rally during a bull run does not end there and it will always surprise the investors who had the patience as you will never earn this kind of profit in any other financial market, i did sold some coins once it touched $50k and it was my target for over 7 years and i will get them back if there is a major correction.

Woah! You're really patient to wait for three years, and I'm glad it works out in the best way for you! I bet even that 5% already earned you a lot of profit, since the price skyrocketed really high from three years ago. Too bad, I already sold most of my bitcoin, but I understand the feeling of satisfaction. Even recently, my brother said that he found a little "forgotten" bitcoin in his wallet, and the since the price went up, that little amount becomes quite a lot, it's fun, like finding surprise money lol.

You have done good things for yourself and no one has the right to underestimate you...
I am not so hard in saying that you have to hold bitcoin that you have forever, you need the opportunity to feel profitable too and you must have gotten a good profit because you have been holding it for a long time. *happy with you

That's it. We don't need to complain and blame ourselves for being impatient. We have to know that not all the time we've been right or wrong, and because we decided to sell it at that specific rate and time, we've been thinking it was the right decision but we find it wrong because after that the price went high.

So this is to say that not all of us here are willing to wait, not like OP did. I would say OP has a strong faith in Bitcoin and he even not get tempted to sell it during the early pumps but instead he manages to still hold and finally gets what he wanted.

Don't feel sorry and feel like it was a mistake when you sold BTC for $ 200. it's your decision to sell it. Nobody expected BTC to be this high. Even when you keep 70% of the total BTC you buy at low prices, it will sell out when the price is high enough you think.

It all depends on the original intention when buying BTC. If your goal is to hold on to it for years and keep sidelined, you will certainly enjoy the results today.

5% profit for you is very good for now. I think you should try to be able to do the same sometime later. I appreciate your work, if you can increase your profit to reach 10% or more. so this may make it easier for you to get bigger profits

Enjoy now as you deserve whatever you are gaining, valuing the process of investment is really  a tough

job to everyone, most of the time when certain downfall continue to comes up and hurting your investment,

the next thing you see is you are already following the fuds selling in fear that you will lose everything, but

that's different with OP and now the end results for him remained positive.

What has worked best for me is spending 20% of my monthly earnings buying every month, regardless of the price that Bitcoin has at that time.

Three years is not really a short time.  Admittedly, you have a lot of patience.  And greed is much less.  Because if you were greedy or scared, you should sell Bitcoin only when the price was $30k.  It's really unimaginable that you've been holding bitcoins for so long.  This is called longtime investment.

I agree. He definitely have triggered discipline. And also he have a lot of patience in selling his bitcoin. I know that we all know bitcoin will pump as usual in the next months but I think his decision is good enough because he earned a lot of money and that was called a super long term investment. I am so much happy about the people who have a lot of patience and I wish I have it back then. I only sold mine in a good price but not as good as it now. I used it in my things that I needed that time and I'm glad that I able to buu those things and still thankful for that price.

It's nice you actually held for 3 whole years and didn't panic sell during the dump last year, it's paying off really well now, it good you took out your original investment, now it's just your profits left, nothing  bad in taking profits after all we can't hodl forever, I just hope you can hold on to the rest till bitcoin hits $100k, trust me you don't want to miss out on that cause its going to be wild, nevertheless sell while you are still in profit not when you are in loss, you should know what that means.

You proved that line which is bitcoin hold for life not for life time. Yes you proved it. And by the way congratulations for you huge profit. Though you say you are in profit and you still hold it. And you also share a thing that anytime you can take back your money for your need. Anytime means anytime which facility you can not get in any bank or somewhere. Only crypto platform has that chance. Its just a matter of time. And we should appreciate him and thankful to him because by him all new users will be inspired to work with bitcoin.

Thats excellent decision to sell bitcoins that are sleeping in your wallet for around 3x years. This is best time to sell bitcoin specially if you have bought bitcoin under 15k. You still have 95% in your wallet, I suggest better to sell at current price.

Don't worry if you holding bitcoin although the price fall. I think the real risk is when we can't control our emotional feel when bitcoin price fall, so we feel that maybe we will loss our money. But it seems that that is the wrong mindset. I think to solve this problem we can look at the world changes, look at where we are going now. Day by day online transaction is increases, of course it is good for bitcoin. Actually I also sold my btc but I sold 100% of it when the price rise then I will buy it again when it price is cheaper. I don't feel like I am being a slave only because I holding bitcoin, because I consider it just as one of my investment that is profitable.

Some people hold,some people wont because of personal preference.It is right that i do feel out that kind of being slave when you are just simply holding and waiting up for some pump.
Im a type of person who arent really that patient on waiting for too long but rather i do chose to play with these moving prices even on small scale where you can actually
profit if you wanted to.

When it comes to profit taking then this do really talks about on your own decision.As long it do benefit you out and able to buy on what you want then thats already considered as an achievement.
It is really giving out that happy feeling inside when you do sell off and have those success moment.

There is no loss if you have the patience to hold on to the crypto. Proof is you. If you can hold on to any real project. Then it is possible to bring 3-5x profit effortlessly. Hold policy is not possible by everyone.

Man, you have my respect for HODLing your bitcoins and for fighting the green on the other hand. I bet it was very tempting given that the price of bitcoin skyrocketed in the last 4 years.

While HODLing may be a great technique for "long-term", such time-frame is relatively subjective depending on your goal. As you have determined that today is the right time for you to cash out your investments, you have won the battle and you definitely deserve the rewards that you will reap today. I do wish that I have the same mindset as you mate!

The Bitcoin is yours and you followed your mind. That's very cool with me too. I always sell out my capital whenever any of asset is pumping. This has been my way, people are around me knows that.
So your decision is not a bad one. I wish, I bought last 3 years like you. Enjoy the ride!

5 percent of bitcoin is nothing and its good if you sold it at a profit. If you know some tricks about trading, you can sold 50% of your holdings at resistance level and buy back again when bitcoin falls a bit on the support level. This way you can increase your bitcoin holdings.

Thanks, yes, looking at maybe doing a bit more swing trading.

The only trouble is staying within Capital Gains Tax levels so I may try that but with a lower percentage. I'm not that worried about paying tax, but I like to stay under the radar.

What would you say the resistance level is right now? Just under $60k?

And the support level $58.3k?

Dude, it's your money. HODL at all costs is nothing but a good slogan to pump us up when the price is dire. But with the current situation of bitcoin being a bit better than the usual, there's no reason for you to feel bad about selling it. Anyway that is your hard-earned money, so we have no say about what you will do with it.

Congrats by the way. Not everyone had saved money last 2019 to buy bitcoins themselves. Enjoy it, and spend it wisely.

At least in my case, back in 2012 I purchased Bitcoin for ideological purposes. I was attracted by the message of ending exploitation by the bankers. When I purchased my first coins, I never thought that I would profit out of it. Holding on to those coins was my way of supporting the principles defined by Satoshi. But within a few months, Bitcoin started its first major rally. Still I would have held onto the coins. But in 2014 I lost my job and then in the next few months I faced a lot of financial difficulties.

You were just being wise on how you handle your investment in BTC and it's actually a good idea to take profit to invest in other things such as stocks. It's your money after all and you'll be the one who will decide if you make the right decision or not. As long as you're happy and satisfied with what decision you've made, then it's probably the right thing for you to do.

It is extraordinary that you last 3 years in holding your bitcoin, with the results you get, you will get the self-satisfaction that is needed in every area of life can be fulfilled. After selling existing assets, I personally know from the beginning
  and using crypto trading I will hold some of my funds for a long time but for some reason I can't do it. Still trying to hold back, but somehow every time I saw a 30% profit I would immediately sell it.

At least we have to use our BTC to satisfy or fulfill our necessities before we die. A currency should be circulating in the market so the economy condition can be better. I sold 100%of my bitcoin few weeks ago, usually I sells my btc and use some of the profit for my self then buy more bitcoin when it's possible.

I also sold some at 60k recently not for for need only for personal satisfaction. Before that, last sale was in 2015 when I sold it all to buy an apartment.
Then I started accumulating again when it was about 200 USD

I salute the courage and patience of the OP despite all the FUDs, panicking, pumps and dumps in the price of Bitcoin the OP stood his ground and hodl for 3 years infact the price dump in the wake of the pandemic last year when the price fell $4K is enough to send fear to some hodlers to sell off their assets inspite of that the OP continually held the BTC, this is indeed an encouragement to other hodlers to keep on hodling and always buy BTC at dip.

Well the support level from how I saw the price rebound and plummet lately just between 50k - 60k.
Once we saw a sure easy breach past 60k, my answer could be a little different now.
Keep hodling their, OP.
For sure if you held more than 3 years, this would be just a piece of cake of hodl for you as well.

Job well done, OP. I didn't bought any Bitcoin way back when the price was still low but I've stored a little amount of it way back 2017, and I've sold it when it hits $60,000 after for so many years of waiting because of the bearish market, and I am happy as well for my profit, it is worth the  wait.

Early adopters profits for sure are way more bigger, but I guess they didn't sold any of it because they are waiting for much bigger All Time High.

Considering that it is just 5% and you were able to hold your bitcoin for 3 long years, it is not bad decision at all. As you said, you felt satisfaction after doing it although you still felt guilty because you are trying to stick on the "Hodl at all cost" mentality, still it is not a bad thing to give back to yourself after the long time you resisted selling with all your might. You still have plenty left for sure and you are close to the probability of being able to hodl for a long time once again. People like you recieve the greatest rewards in bitcoin because it has never been easy to hodl cause a lot of things are happening in the market each day.

You have done well holding the con for so long I can proudly tell you that and with this, you have been able to clear some doubt and claim some facts about the coin yourself. Like you said it will be good to buy some coins when you can take the risk. I was very happy when I also cash out

wow :)  Congratulation man!
Hodler are the real gainer. For those who have little knowledge of day trading and have a lot of money to invest in long term then it is profitable to buy and hold Bitcoin. Short trading may be done as a part-time job but it is less profitable and riskier, so I always prefer long-time investment.

It's such a relief, isn't it?! Remember, Bitcoin was created for human beings, not the other way around, so never ever feel being a slave of any strategy or habit you make or any particular approach towards something you think is for your own betterment. Some people are so rigid that they don't sell their coins even when there's emergency, which leads me to believe that why are they even planning of accumulating wealth if they never going to use it when they need it the most?! Crazy world!

Congratulations! The main thing to remember is that by hodling your bitcoins for almost three years, you've made a profit. Some people can only hodl for months, so if you've been hodling for three years, it means you've bought BTC, particularly when it was $5,000. Then it means that you've profited a lot of money and if 5% of your bitcoin satisfies you then I guess it's pretty huge.

I recall my first time selling bitcoin; it was extremely rewarding, and I used the money to purchase a high-end pc to continue my cryptocurrency hobby.

Don't feel bad just because you've sold and didn't HODL at all cost because you've gained from 3years of waiting.  :D

Congratulation! There are bitcoin for sale at this time too well. You are so persistent when keeping Bitcoin 3 years! In 3 years okay Bitcoin increases the erratic decrease that you don't worry and dumping. Now you must collect a big amount compared to the money you spent three years ago. I will learn how to be patient and wait like you. When Bitcoin slipped, I hurriedly sold everything I had so now Bitcoin rose to regret it. It is a lesson for me.

I'm glad for you, frankly. Hope you earn more coins in the future. I hope the number of people who are rich in cryptocurrencies will increase in the future. I hope one day I'll be rich too.

     Good for you man. Enjoy the fruits than just watch them and let them rot later. Hodling is great but not to the extent of letting yourself be a slave to the idea and not even letting yourself enjoy the outcomes of your great decisions. Anyone who says otherwise are just bitter and got in late so do not believe them. Do whatever you want with the fruits of your labor and oamoer yourself along with your loved ones because if not, for what are all of your efforts? Good luck in your future endeavors.

Congratulations - at least having sold 5% of your Bitcoins, after holding them for 3 years, you made a good profit and felt the fortune you earned thanks to Bitcoin, I am also against the "HODL AT ALL COSTS" rule. We are real people and should make full use of our successful investments, well, at least 5%.

You should always do it if you can. Getting back original investment makes you less worried and more confident. I also did that early on, when I had 3x profit and felt great. I still hold the rest of my coins.

You shouldn't hold at all cost, nobody is saying that. If you need money, sell. Like nobody is going to tell a sick person to hold because bitcoin is sacred and die from lack of proper healthcare.

Congrats! Not all holders had patience like you did. Hodling really paid off, riskier but its the most rewarding strategy. It’s never too late for new people in crypto space to hold, 3 years from now they might share same story of success just having patient.

if you sold some of your profit and you thought it's the right decision and you were happy with it at the time, don't blame yourself afterwards if bitcoin got higher, i think it's a messed up mindset that people have, you got what you wanted, it's done, what comes afterwards is not related to you, you don't have that 5% of bitcoin you sold no more, so you should not feel bad if the price gone up, and use your money wisely.

The fact is that you actually earned money by investing! It doesn't matter how much you earned if you are satisfied with it.
Some people hope that the price will go up and hold onto things and at the end, they end up loosing their money so you should be proud of yourself!
Congratz~!! ;D

That was a good move there after a long time hodling that investment and I believe it is the right thing to do anyways. We should always consider taking some profits after some time just for the satisfaction of our investment. I wish I was able to hold my bitcoin from back in 2017 but there was much to do back then with funds.

True that, I too believe we should take some profits after a long while and especially with such investment like Bitcoin and considering from the time of investment, 3 years is a good length of years to have held on to that investment. I believe this would have been some substantial profits and it was well deserved.

Chill man, he already said that he is happy and has no regrets. For the OP I did not see anything that mentions anything about him regretting his decisions in selling that Bitcoin. He sold it and he is satisfied. No one can predict the future so we can never tell when Bitcoin will reach full potential. For the OP also, just don't feel any regret, like the guy above said, don't feel regret in case BTC went to the top. I think you sold at a good time and that is very fine. Good for you.

It does take a long time to do this, of course not everything is as lucky as you get, by only selling 5% you have got the initial investment capital that you have kept for 3 years.

actually what you say about the risk of bitcoin is inversely proportional to your story of being satisfied that you have recovered your original assets, this clearly provides an indirect explanation that investing in bitcoin is very profitable.
although it is a big risk if you do wrong and are impatient like you.
of course the right thing if bitcoin goes down to buy it and save to wait for the increase again.

You have done the positive thing. If some of the proceeds you have got to transfer to stocks or gold, there is nothing wrong in doing that, because it is just as good.
of course all the decisions are yours who have the capital. but I made it clear that bitcoin is the best no one can deny that.

The point still remain that OP is happy with his decision, it's take a long ride of holding and not to lose hope

that time will come and his investment will recover, that long 3 years of skipping your eyes from looking with

your negative assets. That's really amazing and even it's just 5% of profits, the fact still the same, profits is profits.

Beside we don't know the amount of his actual investment.

good for you. this is one of the satisfaction in itself that comes from ourselves. sometimes not listening to other people is important because a lot of suggestions are popping up now that bitcoin has started experiencing a correction over the past few weeks.
try to appreciate your wealth more from now on because I think 95% of the assets you have today are fantastic things in the future.
stay calm and take advantage of the current momentum because bitcoin might shoot at any time.

Yeah, holding for a long term is always be the best choice, it will help the bitcoin community and it will help yourself as well to earn more money compared to investing for a long term in a way that when you have earned already a small amount of interest you just sell tour bitcoin, that isn't advisable, you can do it if you need money but if you can still hold it until you can then just keep holding, your patience will be worth it for a long term.

Definitely but OP could've got a little higher on the percentage of bitcoin that OP has sold but that's just my opinion. If OP still has the spare money to spend some bitcoin, I think that OP might want to buy some and increase the bitcoin that s/he is hodling because now that the prices are wavering to low points, it might be a big bounce.

I think you did the right thing. Because even HODLers don't hold their coins forever in the end. At some point, you will want to sell some of your profits or maybe even all of them. And it's a totally normal thing. Otherwise, there would be no meaning in HODLing.

Many people will say that you sold a bit too early but don't listen to them. If you are happy selling some of your bitcoin then its good for you. Also if it is first time you sold the bitcoin, you would have experience a much faster experience as compare to the fiat transactions.

When I have sold my coins in past, some of my friends who are holding for a very long time has told me what a grave mistake I did, they told me instead of buying that luxury trip with so nice dinner, a good resort, I should have hold it so that I can be rich in my "60s" according to them ;D if I can't use my money when I'm in my youth then the money isn't mine, it's for the next generation as when I get old, I won't need the money for myself anyways.

How I wish that i have a bitcoin to sell right now. But unfortunately, i have nothing left. It was a big mistake and regrets ofcourse, almost 3 years ago when I sold mine. Bitcoin's value that time was crashed. The price is cheaper. And because of fear to lose it all, I decided to sell it all. And look at the bitcoin's value this year it was so impressive..As in Wow! And i have a small amount in trading and hopefull to have a profit from it.

I'm happy to see your story, friend. I think a success, when you can hold the bitcoins that you have stored for up to three years. surely at this time you really enjoy happiness, because you have benefited a lot. Not a few people are afraid because they are not sure, and they end up regretting it when they see the current price. I myself am not as lucky as you, because I do not have the patience like you. I congratulate you on your success, friend.

It sounds like you are a considerate and reasonable mind, congrats! Not all holders are that way. Even though it now feels great you probably also felt some pressure every now and then. Was holding onto it tough for you sometimes or were you confident all the time?

patience and confidence will yield satisfactory results. I can't be patient for bitcoin either. I sold mine for $ 30k- $ 40k and I think that's an already high price. But the price was able to reach double my selling price.

People who have been patient until now with large amounts of bitcoins will become billionaires. that's a very satisfying result. Holder is always a winner.

If you have kept your bitcoins for more than 3 years, then in any case, your strategy has brought you benefits. The decision to distribute capital in different directions, be it gold or currencies with stocks, is absolutely correct. It makes no sense to count on any one asset if there is an opportunity to invest in several. Thus, you insure your risks and, as you rightly noted, you will not be slaves to your bitcoin. And of course it is very important to sleep well at night!

It's always advisable to keep holding, but each case is one case and each investor knows his investments better than anyone else. Furthermore the most important is to be satisfied with your experience dealing with bitcoins, selling it or just holding. So if you are happy for selling some coins, that is awesome.
It's really nice to see you bought it at a cheaper price and was able to turn it into big profit. And the best part is that you still have 95% of your coins under your total control. Bitcoin is really a great invention! :)

On what grounds do you decide to advice someone to always hold? Always hold and never take profit. Just keep Bitcoin until you die. Even if you could have a great life selling it, hold it. He is happy because he made a good profit and can now afford other things instead of the Bitcoin. He values other things higher than the potential for that portion of Bitcoin to further go up. That is a reasonable consideration and not narrow minded like hold forever.

Congratulations to you and I’m pretty sure it was worth it when you withdrew 5% of your holdings. I, on the other hand have been holding my Bitcoin for 3 years now too and I might be selling some of it when my daughter graduates this May and maybe have her hold some of it for future use.

We are dealing with a daddy here, that warms up any heart! I hope so much for you that Bitcoin allows you to be the generous dad you would like to be on such an occasion. If you don't have that much Bitcoin or cryptocurrency, it doesn't matter. You recognized the trend! Teach your daughter to recognize fundamental developments and she'll be doing well. Have a great graduation and if you like, tell me in PM where you are from!

I haven't sold a bit since 2013, not a single satoshi. Sometimes it's hard and the temptation is high but I'm still HODLing, I do have patience that's for sure, will probably sell 10% in 1-2 years who knows :)

Holding bitcoin for 3 years is good because not everyone can last this long, especially now that there is so much FUD news about bitcoin that some people panic so they sell their bitcoins too early.
In my opinion, it is not in vain for those of you who have been holding bitcoin, of course, now you have got a big profit.

I'm glad your name for the transaction. Sometimes even the smallest thing we do on our own can make us very happy and motivate us. It's like starting work and getting something for yourself with your first salary. To manage your investment with peace of mind and to be happy with the money you get from the sale. I wish you a lot of profits. I wish you more.

There are only two types of people who do make out investment on bitcoin neither;
-Those who sell off actively
-Those who are holding it no matter what the market condition would be.

One of the most common scenario when you do deal with bitcoin or the entire market on where you would really be having those kind of doubts but if you do have
set out your plan in stone that you wont really be selling no matter what then you should stick to it no matter what.

3 years ago, Bitcoin price was very low. You must be very grateful to get that high profits.
Many people may also have this legit experience of getting high profits from holding the BTC. That is the power of BTC, whoever being patient and trusts BTC, will harvest the legit results.
Unfortunately, I only have a very small amount. But no problem I am also still thankful enough

Three years ago if you invested in Bitcoin, some out there decided to go all in based on their instinct, they deserve to b outstandingly rich. Many were hesitant and it is still not obvious what Bitcoins worth is, but what is obvious is that it does matter by now! :)

I was very excited to sell my first bitcoin. That is the effort that I put a lot of effort to achieve. I will try to create more bitcoins than that. Once you have determined and worked hard, success will come. Hopefully I will sell more bitcoins in the near future.

I think your decision to sell bitcoin is right, you only sell 5% of your total bitcoins. You've kept it for 3 years and now you get the benefits. every day the price of bitcoin is unstable so when the price goes up we have to take profit and buy it again when the price goes down.

5%, that will be some good profits from what your initial investment was back 3 years ago and that is a good thing to do. I believe it makes us have this sense of fulfillment about our investment and also gives you the drive to continue to try to accumulate more in every way possible.

Many people will tell you that you sold too soon, so ignore them. It's fine if you're content with selling a portion of your bitcoin. 8)

I don't have my notes but I found other things that gave me clues. I started my journey in 2015. Sold my first BTC with happy face but not afterward. So, not every sellers can feel happy. Take me, I've lost almost 3x due to selling at low cost. You'll be laughing at me. Literally I feel no excitement selling my bitcoin share. I know BTC has a bright future, even though transaction costs to transfer is high. At least I'm trying to be honest. Bitcoin is a good choices to begin building positions in and the price that is not much.

Three years! This shows you are really a long term hodler, and this has actually paid you off buying bitcoin at 2018 prices was really down compared to the prices we have now, I guess u must have been 20× richer than you were three years ago, this is the power of investing in the right asset and also having patience. You know patience is one of the key factor of being successful in this crypto space, imagine the profit you must have made so far for just buying and hodling. Crypto is the future it has wiped away poverty from most axis of the world.

He was tough enough to go through the ups and downs! It wasn't really easy as Bitcoin is so crazy and doing whatever you can't anticipate. At the same time it is fun because where else do you get so much excitement when you are invested in something? Bitcoin is so much fun man!

It's great you've broken loose of that mental chain. Honestly, I don't get the hang of it when people advise others to hodl at all cost. At some point those who are wise should be able to sell off, watch the market and then take advantage of any dip to biy back and increase their stash. Hodling without selling at all even when obvious signs of a dip show, isn't a wise thing to do. It's a fear mentality that causes people to perpetually hodl. It's FOMO.

It's usually relieving when you sell a bitcoin you have been hooding for a while ,it gives this sense of investment and control over it

I have sold many small amounts of bitcoin I have earned here and earned by managing some mining rigs for some colleagues.However I have accumulated a lot of Bitcoin from my personal mining rigs and I have HODL it since end of 2015 and never have been tempted to sell.I will sell only at 100.000 Usd for a Bitcoin as a minimum.

if you have held bitcoin for 3 years and you just sold it now, of course your three years of waiting was not in vain, even more than you thought, you really took advantage of your investment when the price of bitcoin was still relatively cheap from now on.

Base on articles, post's read in the forum I understand that to sell Bitcoin at early stage is not ideal but at point to hold Bitcoin or any other coin will be more preferable, it's when I registered in the forum I began to know that Bitcoin is can give money, and right now I don't have Bitcoin even to sell, but it's not my priority to be here, the main aim to be is to get knowledge of crypto.

A good start for you, but more experience with this market, after many years of joining this market, I also have a bit of results, I am satisfied with what I have for it, both about time effort and money, and it is not easy having undergone many growths and I see it is running out of opportunities to find profits quickly, maybe you can join for a while and profit from it, and it gives a sense of this market understanding. Be careful your money is nothing to the market just be satisfied and don't be too greedy, you will be rewarded. And to do such things, the price is unavoidable, and consider it just the beginning to the upcoming success.

Congrats, You have courage to hold your bitcoin until now and you have reward now. They said the basic rule buy low, sell high and buy and hold it wait for the price high. I think Bitcoin now is not going down this year, my prediction bitcoin can reach 80k$ this year, but this is my prediction only, many happen along the way.

you have done the right thing. diversification is one thing that makes investing to survive for longer term. i feel holding bitcoin for long dosent mean you are a slave to it. your holding is for a purpose which is to make profit. test the waters of shares and stocks and then come back to buy the dip of bitcoin anytime it happens.

A lot of people is really planning to hold bitcoin for the long term but it is not that easy to do, there are so many things that might happen in our life on which we will badly need money to the point that we need to pull out our investment, good thing for those who can hold bitcoin for a long term, it only means that they really trust bitcoin and they have a good source of income to the point that they wouldn't mind pulling out their investment.

I am not happy with selling my bitcoin because in this year bitcoin prize bearish and several time bitcoin resistance zone all time high. Such type of $60k+. When i sold all my btc, btc Price  was around $10k+. But i didn’t  believed btc price will be $60k+. I just follow many experts opinion. But i don’t follow their advise. So at this moment i am not profitable and i have no BTC. But crypto industry or BTC market will be so high. I think btc will go to the moon.

Having a target and sticking to it is part of the hodl policy. You have to pay your self from your investment if you hit your target to avoid a retracement. Holding for 3 years is quite long enough to get some wonderful compensation.

everyone has their own way of investing and trading, of course it is a good step for you to sell and store bitcoin, I personally sell bitcoin and then partially I buy it in other assets.

I can't imagine how OP manage to control his feeling not to sell his bitcoin knowing that for the past three years the bitcoin market was saturated and can't even imagine the patience that he endure to wait till the market get rise up and be able sell his token to earn a profit from his bitcoin token.

He really deserves what he have earned and to think that even only 5% of his token that he had sold will be enough already to make him hapoy from what he has get or earned.

Omg!Theree years ago?Well,You buy very cheap price.You are so lucky holder.I think, You have to get huge benefit form holding. Three years ago bitcoin price was very low and now bitcoin price is level $56k-$57k.

You have a very strong mentality and you have got extraordinary results. Many people buy bitcoin cheaply but they don't get to this point. You are a very lucky person.

Most people panic when the price drops, of course it is quite difficult to hold for a very long time. need extra patience when looking at the market. but what do you get from patience? that is a very big advantage.

If you hold  your bitcoin more than three years then you can get anything more than you expected. So you get more Profits, you should enjoy with Joys.

Actually, hodling is the ultimate solution, there is a common dialogue "Buy Low and Sell High". Most of the day traders are frustrated at some point. It is very risky to do short-term trading without proper knowledge. On the other hand, hodlers who buy at dip and hold on year after year, As a result, their investment multiplied within a year. That is why when the market is temporarily dumped, they do not have much of an impact on their seed money, so their investment remains safe and risk-free.

Hm without proper knowledge, but honestly day trading crypto is almost impossible as the market functions so differently compared to oil or gold. Extremely dynamic and almost impossible to anticipate what Bitcoin will do next.

The same happened when I was buying the money I earned on the stock exchange. I cannot describe the stress and sleepless nights I experienced while trying to earn money there, and the happiness I experienced as a result of my investment reaching its target. It was a really beautiful moment. Maybe I made a small amount of money for some but it was dear to me.

It is useful to turn the money you earn into reality over time. I think you did a good job. You sold a very small amount. I can say that I sold most of what I have.

I hope that when you sell your bitcoins that you will get a big profit out of it, people who have strong hands deserve to get their just rewards for hodling. The first time is always the best thing to happen in almost anything.

Selling Bitcoin at the $60k means a lot and if you sell it on $30k or on $40k then the price is also good as compared to the previous pump which was a maximum of $20k.

I'm glad to hear that if you have benefited from your efforts over the past 3 years, there's nothing wrong with partying a little in the win, I personally not bel;ive  bitcoin  reach a new ATH of 60K$ yesterday
HOLD will definitely be the winner,

Several times I experienced panic when the price of bitcoin drops, but after 2018 I can think calmly to decide to sell or hold, as long as I don't really need money then hold is the main choice.

I was mining bitcoin for  3 years invested around 4500 usd for mining equipment
Sold 2.7 btc bought land and paid construction company to build my house.
Am I rich? No but helped me a lot without btc i would never have that i have now plus i have 2 btc for saving
Btc alone gave me a 30-40 years of working and saving
Btc is my god not bank

Bro I think you don't do good to sell bitcoin because bitcoin have a bright future but you need minimum hold 0.5 btc for a bright future I am also using this method

i see @op has such good faith in Bitcoin that he held his BTC for 3 years while investing in stocks.  experience is important in becoming a holder, imagine if you are a newbie who buys Bitcoin without knowing its price history then you will definitely panic when the bear market arrives.  holder is the big winner.

I'm not calling it a sell-off, it's a take-profit, you're making a good profit and you're enjoying the fruits of holding for a long time. I like the way you think about investing. Selling a little does not affect the whole process but it makes everything better especially your psyche. Rewards are the motivation to motivate you to invest.

People now know the history of bitcoin and its roller coaster price ride, so that actually should be advantage now then it was say 5-6 years before. Because a downfall now indicates that it is time to invest as it will bounce back later only question is when, so for long term investors it is not much of a worry. More concern would be for short term investors who end or panic sellers who end up in a loss.

Congrats on that, hope it would make other people feel intrigued to sell when you need to.

See, we don't need to hold till death. Just sell it if you need the money quick or just to take the original investment back so you can use it for other stuff or buy it while on the dip just like you said earlier.
Probably I will take your story and use it for my own life so I can be more discipline in managing my money and investment.

I was resisting my wife when she said who wants much have nothing that was when btc was around 15000 so wait if you dont need money and if you need then dont invest in crypto

Selling BTC when you need money and when you are already profitable is a simple thing that teaches us all not to be greedy.
Using Bitcoin only as we need, is probably a wiser choice than we have high greed.
Recalling what the purpose of Bitcoin is, it will probably awaken most of the people whose lives are fixated on Bitcoin to make money.

Good job for OP

Selling doesnt automatically mean that you dont trust up crypto because everybody would really be having that selling point in mind and its not bad as long you do need it for personal matters or needs then
that would surely counts.

If you do trust up bitcoin then its your choice to make and since its your money then you do have the full control or actions that you would make and wont be listening out on others suggestion.

We know the potential and its up to ours if we do grab out and able to afford to hold for long term for that specific goal or target.

Always good to be fully KYC & set up for withdrawals with multiple exchanges, ahead of when you plan to cash out some. I actually opened multiple bank accounts over the last 18 months with the purpose of testing if they’re all OK with withdrawing fiat from bitcoin exchanges to them.

You do not want to get stuck at peak bull market without a bank to withdraw to.

When you started mining, did your mining device mine at profitable prices or did you have to wait for the price to increase in order to make your investment ultimately pay off? Because often times people are better off if they just buy Bitcoin instead of investing in mining equipment. When did you start mining and which devices did you use? Damn those times when you could mine Bitcoin just with your laptop, that must have been fun! ;)

This is what I should have done in both BTC and altcoins. If we have already profited no matter if it's small or big, taking profit is important and not be greedy on it. Although that I have missed the big bull run of Bitcoin last December because of selling too early, it shows that BTC is designed for long-term investment. If I could have hold a bit, I would have enjoyed it already. But it is what it is, and we have to move forward until we can see BTC going bull run again in the future.

When I first entered into the cryptocurrencies market, then Bitcoin price less than $1000 . Then I earned bitcoin by filling chaptchas with a little bit amounts Bitcoin. But after month-end I collected a big amount and sold them with locally by dollars. When I got some dollars then my mind drizzled with joys and kept always happy.

Its good for you , You did buy in a good price and to be able to hold that long its really great. I do think its good to try the system and to have some validation that its save. I do think crypto is safe and become much easier for people to invest, there is a lot platform that offer deposit in fiat and also many place to buy it from. I did buy bitcoin again when grayscale FUD about unlocking BTC and i did very well right now. Cheers.

Glad to hear you got some profit from your investment. Cheers! I hope i have same mentality like you to hold coin for very long time. 3 years hold isn't easy and i know it's very hard especially if you bought btc in 2017 then after that bitcoin crash from $20k drop into $4k.

When I first entered the cryptocurrency world I couldn’t remember which coin I sold first. But at first I got some etherium as a bounty token but I couldn't sell it myself. An experienced trader bought my token at a very low price.Anyway, at least I didn't go down without explaining myself first There was celery which was not a bad thing at all. I was really happy at that time.

good idea, maybe many people do the same thing, they will buy bitcoin and hold it for a very long time after that they sell some bitcoins to take the profit and buy gold to invest too. selling a few bitcoins doesn't matter the important thing is not to sell all the bitcoins we have because investing in bitcoins is a faster way to make a profit than investing in gold.

I'm happy for you, you don't have any regrets on what you have done. I see so many people like complain that they could have sell it for a much more higher amount I don't see their point, once they decided to do something they should be proud of it.

Those users are greedy. Anyway, 3 years is a really long time I'm surprised that you managed to hold that for a long time.

congrats you made a profit after many years of holding and it looks like you are a long term holder and i think you have hit the mark. I am also holding BTC and will be like you for a long time and will sell it for a fair price.

That's the  importance of setting your target, as once you able to hit it the sweet success of your patience is really huge.

If you do trust the system and you believe that this venue of investment will continue to progress, placing your target after buying your coin will let you to relax and not to panic if you see some major downfall, it will save you not to rush things out and made a regretful decision. Remember that bounce always comes up after any massive dumped that take place.

No I was mining for 3 years and holding almost 8 years i started mining with those usb miners 332mh/s each i could afford buy 15 of them later i get avalon bitfury and s1 in 2 pcs still have all this garbage now in basement lol

this is the importance of friend experience. because I also feel the same way and indeed 2018 is a turning point to solidify my thinking, as long as we are still able to hold on and as long as we don't lack anything in our daily lives then I suggest to hold on even longer until your target can be achieved.
but if your target has been achieved why are you still holding on because you have won in the hodling unless you change your target by adding more loads and becoming hodlers again :)

Nice one mate. 'Hodl at all cost'. That's something you don't see everyday or gear from people more often but to have been able to hodl for 3years and is just selling now, you did good. Plus, it's just a fragment, a little fragment just to get back at your capital and besides, the bitcoin or cryptoatket has experienced a major bullrun which created what stands now as the ATM. It corrected a lot buy then, its up for a rise now and from where it is, its healthy enough for a sale, at least better than the past 1month. Do your best to always have major bitcoin investment and always hodl if you can afford to.

That's a good pinch sell for him and someone who's been holding for a long time, there is always the game plan on how long you're going to hold. If you want to hold for so long, still do not forget to sell some for yourself so that you can have that profit that you can do whatever you want with it.

As said above, if you feel happier with this choice good for you, don't let others decide your happiness and sanity for you.

Though now to you got some profit perhaps still worth keeping an eye out for the price as you might want to go back in (maybe not fully, if that's not you want) as based on your saying you're still in extracting value from your money and with the belief that in the future BTC will be worth a small fortune in my view is worth not ignoring the market entirely.

That is impressive, I mean holding for 8 years straight really requires balls of steel. :D Every time Bitcoin goes up you must have thought what if holding is the wrong decision, can I ever be happy again if I don't sell and goes towards zero again? ;) I can imagine that was sometimes rough to decide that you are not going to take action but just hold and wait until it really goes through the roof, hats off!

Its pleasure for me to seeing you happy. Even i appreciate the idea what you have done. There are some people who always talk again selling bitcoin!  but i think btc is nothing but a currency! So you should sell btc whenever you feel to sell. Taking original capital is good idea. Even this is also opportunity for you to btc when it go dip cause you've cash for that. Congratulations mate

Congratulations on your first sale with Bitcoin. I hope you have more sales with Bitcoin and your business expands with Bitcoin.
As for HODL, I have to tell you that they make the main profit in the HODLER market, but if you are also interested in trade or short-term trading, you can enter this field with low capital.

That's crazy investors mentality you have there, most of the new bitcoin investors are always happy with their first 10% growth in a day or so and directly sell it and show it to their friends.
3 years holding and first time selling means you already have that base mentality for an crypto investors and it's you're really have the potential to become a crypto millionaire in the future if you choose a right coin to invest.

Even if i come up with a business i would start accepting Bitcoin when the market is down but i would stay away from accepting them when the market starts to rally. It is just my thought process because i would like to accumulate the coin when the market is down and this is just an hypothetical situation  ;D. If you are a serious merchant that accepts Bitcoin you can always convert the coins to fiat instantly and there are many services that provides those solution.

Those who are able to hold too long is a pro. Its quite hard to hold on into coins that we see orogress or see that were already in winning. If we are to discipline in every incestment we have and stick to our plan of selling and buying at a certain amount it will be a smooth trading experiences. The thing we need in crypto is the discipline whenever the prices changes way too different from where we started.

It is good when you can sell your assets for good prices, moreover Bitcoin is just a speculative asset. It means that we can earn only on the change of value, as there are no dividends, so it is ok to sell it, but it is better not to sell off all of your Bitcoin, as you can regret, when you notice that the price is higher than your selling price. Personally I am going to hold Bitcoin for at least 5 or 10 years until a new big bull run.

5% is not a huge amount, and I hope you got something in your pocket after the tax cut. I am someone who purchased BTC for the first time when the prices were really low (back in 2012). The current exchange rates represent 5,000 times increase from my original price of purchase. I have around 30% of my original stash remaining. The rest, I sold during 2013-2021. And I don't regret about selling them. In times of need, I thought that it was better to sell the coins, rather than taking a loan.

Self-satisfaction is needed in every life. Having sold your assets with satisfaction is a natural thing in my opinion and can be considered a relaxation on the mindset of all of us,
salute to you 3 years holding until you reach new aTH at 60k$ and you sell only 5% amazing
and maybe you are a person who doesn't need money, personally, when BTC was priced at 60k$, I sold my btc and I bought the btc again yesterday when the btc price was 35k$

That's exciting, collecting the fruit of your investments. It's probably felt good not worrying about keeping funds for 3-year long. In other cases, selling bitcoin could provide relief as it releases the anxiety from the unknown price movement. Not everyone can afford to hold and buy coins without feeling doubtful about what might happen in the future.

In my opinion this is a pretty stupid "mindset".  Bitcoin was created by Satoshi to be used as a CURRENCY.  Sure people stack currencies in order to appreciate/stack wealth, but people also use currency as a means of payment.  In my personal opinion it is important to use bitcoin as a currency to help it's adoption in to mainstream, world wide success. Anywho..I don't know about you, but for me, life isn't free and bills have to be paid..so selling some at times isn't that big of a deal.

Wrong.

Have you read the original whitepaper? No where in the document, Satoshi says that Bitcoin should be exclusively used as a currency or as a mode of payment. Satoshi designed Bitcoin to fight the current economic system, which is dominated by the central banks. If you want to change the system, then you need to consider all the sectors. Focusing only on the payment method is not going to resolve the issue. I could understand your concern, if the usage of Bitcoin for payments is getting affected. But that is not the case and therefore I don't think that there is any significance in what you have said.

If I hold bitcoin for 3 years then I will sell at least 40%, it's fun if we hold 3 years and we get big profit, if he buys bitcoin at a price of $8000 then he has earned 600% profit, this is a big profit so it will not be obtained if we invest elsewhere.

My first selling is 20% of my total asset mate , and same feeling as yours .. also i convert almost 70% of my altcoin into bitcoin after that selling because i think it is more worth holding that Shitcoins .

Selling when we have made a big profit is the thing to do, bitcoin can go down at any time so when we sell and already make a profit then it is the right thing, I first bought around 1.2 btc in 2015 when the price was around $240, and I immediately sell when you get 15% profit, for me this is a big profit in 3 months.

I think maybe what you say is already the best you have done but actually if you want to be patient again of course you will be able to get something bigger.
because we know that bitcoin will always have a halving every 4 years and at that time there will be a sharp increase from the last ATH, actually you can do that because it is certain that bitcoin's decline is only momentary and will move up again after the halving.

Congratulations, you have a clear investment plan. This is a great practice. It can be seen that you are not a person who puts eggs in a basket. I think you should write more about your investment experience, whether for newcomers or For those who do not understand investment plans, this can be a good guide.

It is good to have trust on Bitcoin and I support your idea that you want to buy Bitcoin again when it will loose it's price. Holding is always best way to get higher profit from Bitcoin. It's better to not divert your mind to other's direction. Be king on own your crypto world and best of luck to you. I hope you'll be able to buy more Bitcoin in near future.

There's a profit in bitcoin especially if were able to buy earlier. But now it still possible to do sonce bitcoin adoption now os way too fast and if were good in trading there will be no problem doing it. It will be a good chance to sell knowing we waited or we work hard for it and it makes a huge profit after all the waiting and work we been through. Ondeed bitcoin is a good investment.

Bitcoin is alwats a profit investment but the thing is waiting time sometimes , you will buy but tomorrow the price will drop but while waiting we can always try investing in altcoins.
so don't just put in Purely bitcoin when there are chances in other coins .

I feel you are a very smart investor, I am happy to share this with you and as investors we need to learn how to diversify different investments, for example. for example you share gold and stocks, because it is a very risky market we cannot put all our investment in one cryptocurrency. We must constantly diversify investment forms according to new trends in order to generate the most optimal profits possible.

Sure you should be happy that you did and it’s also a good thing that you sold some of your coins, that’s not bad. You’re meant to reap the fruits of your labor and that’s what you just did. I am also not the type that Hodl forever, sure I do hold for long but I don’t do it to the extent like being so crazy with it.

I try to free myself and also try to explore other options that are available to me. I invest in bonds, gold and other good investments I see. You shouldn’t be limiting yourself to just one thing, it’s always good to try out different things as long as you’re very sure that they are good and worth trying.

You did the right thing about setting a price goal for yourself and selling some of your coins. This is what HODLing means in the end. It doesn't mean that you will continue to hold your coins forever. Then there is no point in investing into a cryptocurrency. At some point, you should stop being greedy and sell some of your profit. Greedy people lose most of the time.

You did a good job and atleast bring back your investment and still holding some of BTC. You are very lucky for doing the right decision few years ago and you are just enjoying the high price of BTC right now. Duch a good example of a good trader.

holding it for 3 years and profiting from it is certainly a lot of fun. can compare the price of bitcoin 3 years ago with today, it's really profitable. lucky for people who are patiently waiting for bitcoin to be priced now and all that is replaced with the results. investing in bitcoin is not just about buying or selling but we also have to learn to read and analyze the market so that we can choose the right time to sell or buy. if everything is done correctly then it will produce a large profit that every investor wants. so it all depends on us, want to make a profit or give in to the circumstances and get a loss.

Good for you if you do able to hold your bitcoin for 3 years because if i do able to see that it is peaking its price then i might already had sold it out which it might really be leaving for me to regret
but well it doesnt really matter as long it could be considered as profits then that should people been thinking off and should really be happy.It is just there are people who are really not contented
on what they are earning or gaining.We do have different ways of investment and different ways on when we do secure out our profits.

Basically, it's very impressive and has its own satisfaction when first selling bitcoin to local currency, like feeling proud of ourselves for successfully earning money from cyberspace (internet). But it would be more memorable if we managed to make long-term investments from a few years ago until now, but I'm sure only a few people are able to hold that far and have never sold it at all from the first time they got to know about Bitcoin.

How I wish that i have a bitcoin to sell right now. But unfortunately, i have nothing left. It was a big mistake and regrets ofcourse, almost 3 years ago when I sold mine. Bitcoin's value that time was crashed. The price is cheaper. And because of fear to lose it all, I decided to sell it all. And look at the bitcoin's value this year it was so impressive..As in Wow! And i have a small amount in trading and hopefull to have a profit from it.

It is really good that you are aware of selling when you think it is the right time to do. Setting price goals can always help someone manage their investments very effectively. Otherwise, greed can take the control of you and it can make you do stupid things like panic-selling etc.. One thing is certain that the most important thing in this market is to be an aware person.

Uh oh, looks like someone plagiarized off Reddit again!

https://www.reddit.com/r/Bitcoin/comments/ocbqkt/sold_my_first_bitcoin_and_am_happy/

I was happy to sell the fraction of my savings. We all need to sell sometimes. Thats allow to see real profits, not just numbers

As long as you've profited from your investments and used them properly, I'm sure you'll be pleased because it's worthwhile. The happiness you'll feel is pretty much inevitable because you've been holding it for so long, and now that you've gained, it's time to enjoy it.

Nice found.

But we don't know if both are the same person, but the content is still plagiarized; a user should be responsible for creating content on different platforms.