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).
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. 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).