Sold my first Bitcoin and am happy

[cheezcarls]

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.

[Qikiye]

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.

[indrakusumaindra]

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).

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.

[KeikoKitagawa18]

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.

[Kayum10029]

I also felt happy when I sold my first BTC, but how long ago it was...

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.

[dificanovi]

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).

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.

[john_nautica]

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.

[maisao1991]

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.

[Pamadar]

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.

[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

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!

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

[capcaypro]

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.

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

[Smartvirus]

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.

[tabas]

Its always great to hear such things and i must say wow! 3 years of holding is really great and the number of bitcoiners that have such patient are really rare...anyway lets see how much time you wil hold the other 95%

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.

[DarkDays]

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?

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.

[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!

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

That is impressive, I mean holding for 8 years straight really requires balls of steel. 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!

[Mehedi72]

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

[Ali771samir]

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.

[sirminesalot]

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.

[7788bitcoin]

~
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.

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  . 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.

[dimonstration]

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.

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.