A Confession: After 5 years of hodling, I finally sold

[samputin]

That's a long time of hodling. And I'm impressed you weren't tempted to sell even just a little within those five long years. Because even I'm just holding for like more than a year, I'm slightly being tempted to do so especially with the current price but.....

Lol, not that I wanted it that way, but I came here to read something like "I finally sold my Bitcoin." Anyway, I'm happy for you having bought more bitcoin, and if you'll take my advised; hodl your Bitcoin even if the price looks enticing, it'll have greater value soon.

.. thanks for this dude. I know this message is meant for op, but I'll also take the liberty to take that advice. This is just what I need to keep my self from selling. I'll be more patient and wait for that "greater value" soon.

[manfredmann]

Congratulations my friend. You are already a legend having btc for five years is not a joke. Actually you have a good hands and good patience especially when the market for bitcoin was crashing im which btc almost went down to 3K$. I thought that bitcoin will going to end. I was afraid that time then later on regret that I sell my bitcoin at low price. So sad but it really hurt me deep inside of fail investment.

[rodskee]

..all the unnecessary shit I have so I could buy more bitcoin!

kthxbai.


PS to the hodlers who held through the 2018-2020 bear market, congratulations. you deserve it.

But what about the Holders Who only HODL by Words but never Bought or Hold a single Bitcoin ? do we have to congratulate them as well ? 

I felt a Little Bitter because i have converted more of my Bitcoin into altcoin but at least i have some good amount stays in my Folio.

edit: apparently people are missing the joke

Well that's what we all Missed mate  , Because at some Point many People here are   because there are many serious matter now that needs to faced.

[Alucard1]

That was a good move buddy, you have done. a good thing to your life, believing and holding bitcoin for a long term is such a good thing, if you have invested your money 3 years from now then for sure you have already gained huge profit. Selling shitcoins and buying bitcoin is such a good decision, I have already done the same thing but I still keep on hodling it and wait for some time before I pull it out.

[michellee]

If you were selling bitcoin at this high price, you make a lot of profit, congratulations, and recover your losses. If you sell your altcoin while the price does not increase so high, you can not make a big profit if the price does not hit the highest price than the price you bought the coin. But if you want to buy back bitcoin, I suggest you wait for a while until the dips come, so you do not buy bitcoin at a high price. It is not easy to hold the coins for more than 5 years.

[Yamifoud]

It is not easy to hold the coins for more than 5 years.

5 years in holding isn't an easy thing to do honestly, and we can't make it if we are thinking that crypto investment gives us returns instantly. This simply burns us holding for that long and even 1-2years is already a big challenge for us, especially for impatient people.
That to say that not all have that kind of thinking, not all have the guts to hold for that long.

Congratulations to those holders who never miss this opportunity. The price is so crazy and the rewards of their long-long wait are very sweet.
I'm in early seller but still thankful that I'm still profiting.

[Bitcoin577]

This is very good idea to sell all shit coin and buy some bitcoin because bitcoin dust is more profitable than other shit coin in high value.
At this time bitcoin crossed 41k and 50k+ is next goal to be achieved. I hope bitcoin will get this in short time.
Shit coin is very less profit able this why i always buy bitcoin and didn't care of shit coin in my wallet.

[Latviand]

I will wait for bitcoin to reach $45k again, I didn't sold my bitcoin when it reached that price because I though that it can reach $50k mark.

I'm pretty sure now that I'll sell my bitcoin when it reaches $45k and there's no turning back that's why I'm patiently waiting here.

This is really what we are waiting for, some maybe sold their bitcoin at $20k, $30k, or $40k, but for me, I'll just have my own decisions and preferences to make my holding profitable.

[aoluain]

LOL... so the OP purchased more coins at $40,000 per coin. It takes a lot of courage, to go for an asset when it is at ATH, especially when everyone is talking about an impending correction. I personally know a few people who purchased BTC at close to the then ATH levels in 2017. Only one of them held on to the coins when the prices crashed in 2018. And the others are regretting their decision to get rid of their holdings.

By this reconing nobody will be buying BTC going forward until it drops back
to a "corrected" value, which isnt true

Look at this thread > https://bitcointalk.org/index.php?topic=5304522.0

Title - Are people buying BTC @ $27000+ idiots?

Well we might not see $27000 again, same as $40000 in the not too distant future.
There is talk of a "correction" but that might not happen until $80k or $120k.

[AniviaBtc]

Selling all your shitcoins to buy btc is always a good idea and it is not something to regret, some alts are really not worth holding anyways, you will probably get more value holding btc than keeping the shitcoins.

That's why I also invested on ETH and it is really giving some of us a huge profit, bitcoin is not the only cryptocurrency who are in a bullish market so try to widen your investments. If you think that a certain altcoin is really just a shitcoin then do not invest on it. Always prioritize your bitcoin because it can hardly affect your cryptocurrency investment as it is really the most popular ones because it is approaching the mainstream. Be mindful and always updated on when you will sell those coins. Always monitor the market and keep up depending on your desired price.

[bitcoin_paypal]

I will sell in this month too. I guys its right time to exit to at least rebuy it on lows

[irixo10]

How many altcoins are even really worth it, and how many can even last a year let alone 5 years, therefore I think if you sold your altcoins in order to have more Bitcoin, that it is a good decision. Also, on the other hand, there are every possiblity of missing out on Bitcoin at a point, maybe not buying on the right time, as one might thought and instead of waiting you can also buy good altcoins like Ethereum in order to participate in the bull run and later sell to get more Bitcoin. The thing is, many people uses different strategies to get more Bitcoin in their portfolio, some could be through trading, some through investing in new projects then selling to Bitcoin, some through selling shitcoins and so on, therefore in all, it is seen that Bitcoin is the most  valuable to hold at anytime, thus any of these decisions taken towards getting more is always a good one in my own opinion.

[bryant.coleman]

Well we might not see $27000 again, same as $40000 in the not too distant future.
There is talk of a "correction" but that might not happen until $80k or $120k.

I have the same opinion as well. Everyone is talking about a correction, because that's what happened to Bitcoin after it reached ATHs previously in 2013 and again in 2017. But current circumstances are different. Back then, the prices went up mostly as a result of hype and at the slightest trigger the users went for profit booking and that tanked the prices. But this time, there is a solid reason for the rally. On top of that, most of the purchases are being made by institutions and they are less susceptible to panic selling.

[BrewMaster]

PS to the hodlers who held through the 2018-2020 bear market, congratulations. you deserve it.

it would be very weird and possibly even naive to "hold" during 2018 and 2019 when the price was at its lowest! during these years people should have "bought" bitcoin instead of just holding.

it is like seeing the Christmas sale with a lot of discounts and avoiding any purchase until the special event ends and prices go back up then start buying at higher prices!
the day price fell below $10k i said "this is a discount" then again i told people that "below $6k is an ultra discount". now look where we are

[RokokGudangGaram]

What a profitable joke if in case it happened in reality, 5 years of holding will take a lot of courage for sure especially at the time that we hit the bear season where the bitcoin price decreases pretty deep.

But if in case there are people who were able to hold for 5 years and was able to sell their asset at this time then I fully salute them as they are a true holders and a believer to the bitcoin capability. Cheers to all who investors who were able to profit in bitcoin investment.

[Haunebu]

I have the same opinion as well. Everyone is talking about a correction, because that's what happened to Bitcoin after it reached ATHs previously in 2013 and again in 2017. But current circumstances are different. Back then, the prices went up mostly as a result of hype and at the slightest trigger the users went for profit booking and that tanked the prices. But this time, there is a solid reason for the rally. On top of that, most of the purchases are being made by institutions and they are less susceptible to panic selling.

I agree. I doubt BTC will be able to stay in this price range for a long period though. In my opinion, it will probably drop back in the $30K - $35K range after a couple of months after which it will slowly start rising again steadily.

This drop will most likely not resemble the 2018 drop since there are many supporting factors this time around like COVID, PayPal, Institutional support etc.

Whatever the case, I don't see BTC returning to 4 figures anytime in the future unless something catastrophic happens.

[yhiaali3]

Congratulations, I think this is worth the effort and wait, the award has been more than wonderful for all those who have held Bitcoin from 2018 until now, I think this lesson should be used by everyone, I mean, after a short period of time Bitcoin will return to decline and then the opportunity will be very appropriate To hold Bitcoin again and wait the next four years until we get a bigger prize than this prize.

[pixie85]

edit: apparently people are missing the joke

More like they're too lazy to read anything more than the title.

A typical spammer reads the thread, clicks, goes to the last page, either quotes one of the last posts or answers straight up. If the quoted post was done by another spammer you got yourself a spam chain 

Anyway, good job sir, keep on hodling. I sold all my unnecessary shitcoins to get more bitcoin 2 years ago.

[DeathAngel]

..all the unnecessary shit I have so I could buy more bitcoin!

kthxbai.


PS to the hodlers who held through the 2018-2020 bear market, congratulations. you deserve it.


edit: apparently people are missing the joke

You had me for a second or two then haha.

Hope you are still genuinely HODLING though, I have been for 6 years now & still am. This year is going to be epic for bitcoin

[eaLiTy]

Anyway, good job sir, keep on hodling. I sold all my unnecessary shitcoins to get more bitcoin 2 years ago.

That means did you sell your alts at a loss, i am yet to convert some of the alt coins i am holding as i am looking for the perfect market to drop everything and i am not sure whether this is the right moment to hold everything in BTCitcoin, i might hold in my local currency valuation in the exchange till the next correction and will enter once again till the bull cycle starts again.