Sold my first Bitcoin and am happy

[Rkss4]

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).

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.

[Swordsoffreedom]

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.

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.

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.

[mv1986]

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.

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.

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.

[scarface97]

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.

[jesselui]

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.

[zanezane]

I am waiting for the moment when I sell btc from my ownr and trust wallets. But still continue hodl.

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.

[Gcrypto786]

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).

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.

[TribalBob]

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'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,

[Ngewex Yuk]

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.

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.

[wence1975]

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

[aquafinewater]

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

[macson]

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.

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.

[ilovealtcoins]

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.

[newwest]

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.

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.

[sulendra12]

~snipped~

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.

[wence1975]

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

[Republikcoin.com]

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

[Oilacris]

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 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.

[DeathAngel]

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.

[skybot13x]

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

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!