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Author Topic: I never sold my First bitcoin. Are you also emotionally bound to bitcoin?  (Read 1876 times)
Abu Shadow
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July 16, 2018, 12:16:45 PM
 #161

It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?
It's your money involve and you have the right to do what you want on your bitcoin. Sometimes you need to decide how long will you hold and how much is your target profits to let it go. I admire your patience and control of your emotions not to panic and sell it when it hit at $20k.

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jennyhoang293
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July 18, 2018, 02:26:06 AM
 #162

Those who are holding now will be glad but I just always say to myself that being attached to some coin or card is very bad in a business and investment perspective. I always wanted to see at least a small amount of money on my wallet
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July 18, 2018, 05:59:50 AM
 #163

Being emotional in trading is not a good idea because the primary aim here is to make money so selling at a high price and buying at the dip should not be attach with emotions. Just my own way of reasoning.


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sublime5447
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July 20, 2018, 06:31:27 PM
 #164

I don’t really think about it, my focus are how many and the price that might be the focus of every Bitcoin holder. But it's only natural that you used to work hard to buy Bitcoin and now it might be a success or at least the price is higher than 2 years ago, it could be a sign that your decision is right.
 
It’s normal to feel like that as long as it doesn’t jump further than that. As I used to save to buy game console, I feel proud because it’s mine and I have worked hard for it, but don’t let the pride disturb or obstructing our life, if you really need money then sell your beloved Bitcoin.
MrRiuss
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July 20, 2018, 07:37:06 PM
 #165

It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?
how can you distinguish your first bitcoin from another one? do you separate your wallet?
pedropenduko001
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July 20, 2018, 08:11:06 PM
 #166

Emotionally bound is not really good because at first you bought bitcoin to gain profit in the future or even use it online if you don't want to sell it for money that's bitcoin supposed to be
btcdarkfanboi
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July 20, 2018, 08:23:54 PM
 #167

yeah it's normal to feel some sort of sentimental but then what is your point in buying that bitcoin?.
i mean we bought it to gain profit and use it online or sell it for fiat
kfor01
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July 20, 2018, 08:39:32 PM
 #168

no, i don't get emotionally attached to bitcoin because it's an asset that i use to get more profit. 
Xising
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July 20, 2018, 09:12:20 PM
 #169

It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?

I wouldn't say emotionally bound, but for me, I think it's more on just the plain strategy of holding it to wait for the best time to dispose it for profit. Many of us has been patiently waiting for the day when it would again surge and regain whatever value it lost in the past several months, just like what happened last year. I think that since that has been the prevailing trend for Bitcoin in the passed years, many people are hinging on the hope that that would happen again, and for me, that's why many of us try to hold onto our Bitcoins.
wall101
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July 20, 2018, 09:14:39 PM
 #170

No i'm not because i need to sell it XD because that's the reason i bought it at first to gain profit and use it for online payments or buying anything online
Naughty Princess
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July 20, 2018, 10:04:31 PM
 #171

I think this is just an asset that you don't need to get attached to) It's just money)
Sometimes it is good to be emotionally attached on your asset because it will be hard for you to sell it so it will stay and become profitable when it gets more expensive in the future but the thing is, it is money that can be used in time. But sometimes when you put it to risk to invest, you can have profit for it and make it grow.

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July 20, 2018, 10:19:08 PM
 #172

This happens for most that are valuing their bitcoin that they are holding like me but it's not only about the emotion.

There are times that I have to sell few of it in case that I need some cash to spend to with something which is also important. Good to those that kept it and never spent their bitcoins. You're doing a great job of holding it, I hope you can hold it until the price goes to 5-6 digits again.



 

 

 

 

 

 


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July 20, 2018, 10:22:27 PM
 #173

I think no. It's just an investment and it should give you benefit. We should analyze everything and do necessary things with our money and investments.
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July 20, 2018, 10:32:36 PM
 #174

I’m holding on to my first Bitcoins also. My plan are to hodl  my first bitcoin for 10 years or more. And when I got my first altcoins, I bought them with new Fiat money, so I didn’t need to sell my first Bitcoin, I think I’m also emotionally connected to my first BTC.
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July 20, 2018, 10:37:37 PM
 #175

I feel like we somehow are connected. When I cling to something, I will never let go of it. But that is not my case with Bitcoin due to my need of money. I am glad that you managed to hold your bitcoin for a long time and I hope your patience will be rewarded with a good profit in the future. Therefore, keep holding your bitcoin and never lose faith in it. Good luck!
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July 20, 2018, 11:03:36 PM
 #176

I think no. It's just an investment and it should give you benefit. We should analyze everything and do necessary things with our money and investments.
For me bitcoin is not something that you have to attached with that much because there is moment that has to used it for your own good. I sell bitcoin because I help my family on our expenses which make as free for financial problem and have something to save for myself for future. Bitcoin can earn in any other way and you have to make it more profitable than keeping it because the price is very volatile for you not to regret and make high volume.

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July 20, 2018, 11:29:56 PM
 #177

I think no. It's just an investment and it should give you benefit. We should analyze everything and do necessary things with our money and investments.
For me bitcoin is not something that you have to attached with that much because there is moment that has to used it for your own good. I sell bitcoin because I help my family on our expenses which make as free for financial problem and have something to save for myself for future. Bitcoin can earn in any other way and you have to make it more profitable than keeping it because the price is very volatile for you not to regret and make high volume.
Been emotional towards crypto currency is one of the worst thing a cryptonier must do. Although, that bought btc during the last 2years time won't be affected much in terms of profit but every thing about the market work with time.

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July 20, 2018, 11:41:56 PM
 #178

It's not wise to make an emotional connection. The more the price falls, the more you lose and the more psychological damage you experience. In such things, emotional links cause you to miss opportunities.

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July 20, 2018, 11:46:00 PM
 #179

When you bought bitcoin last few years ago and Until now you still holding this coin you will get more profit once the price increase very high. Better to relax And do what ever you want and you will see the price increasing again.
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July 21, 2018, 01:48:39 AM
 #180

I can be regarded as an emotionally bound to bitcoin, but i sell it when price rising and i buy it back when price drops. Investment and sentimentality aren't a good pair.
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