Sold my first Bitcoin and am happy

[gwdf1]

It is good when you can sell your assets for good prices, moreover Bitcoin is just a speculative asset. It means that we can earn only on the change of value, as there are no dividends, so it is ok to sell it, but it is better not to sell off all of your Bitcoin, as you can regret, when you notice that the price is higher than your selling price. Personally I am going to hold Bitcoin for at least 5 or 10 years until a new big bull run.

[bryant.coleman]

5% is not a huge amount, and I hope you got something in your pocket after the tax cut. I am someone who purchased BTC for the first time when the prices were really low (back in 2012). The current exchange rates represent 5,000 times increase from my original price of purchase. I have around 30% of my original stash remaining. The rest, I sold during 2013-2021. And I don't regret about selling them. In times of need, I thought that it was better to sell the coins, rather than taking a loan.

[marilynmanson21]

Self-satisfaction is needed in every life. Having sold your assets with satisfaction is a natural thing in my opinion and can be considered a relaxation on the mindset of all of us,
salute to you 3 years holding until you reach new aTH at 60k$ and you sell only 5% amazing
and maybe you are a person who doesn't need money, personally, when BTC was priced at 60k$, I sold my btc and I bought the btc again yesterday when the btc price was 35k$

[swiftbits]

That's exciting, collecting the fruit of your investments. It's probably felt good not worrying about keeping funds for 3-year long. In other cases, selling bitcoin could provide relief as it releases the anxiety from the unknown price movement. Not everyone can afford to hold and buy coins without feeling doubtful about what might happen in the future.

[ChiBitCTy]

However, I also feel like its broken the "HODL AT ALL COSTS" mindset which I felt was getting a bit unhealthy.

In my opinion this is a pretty stupid "mindset".  Bitcoin was created by Satoshi to be used as a CURRENCY.  Sure people stack currencies in order to appreciate/stack wealth, but people also use currency as a means of payment.  In my personal opinion it is important to use bitcoin as a currency to help it's adoption in to mainstream, world wide success. Anywho..I don't know about you, but for me, life isn't free and bills have to be paid..so selling some at times isn't that big of a deal.

[Sithara007]

In my opinion this is a pretty stupid "mindset".  Bitcoin was created by Satoshi to be used as a CURRENCY.  Sure people stack currencies in order to appreciate/stack wealth, but people also use currency as a means of payment.  In my personal opinion it is important to use bitcoin as a currency to help it's adoption in to mainstream, world wide success. Anywho..I don't know about you, but for me, life isn't free and bills have to be paid..so selling some at times isn't that big of a deal.

Wrong.

Have you read the original whitepaper? No where in the document, Satoshi says that Bitcoin should be exclusively used as a currency or as a mode of payment. Satoshi designed Bitcoin to fight the current economic system, which is dominated by the central banks. If you want to change the system, then you need to consider all the sectors. Focusing only on the payment method is not going to resolve the issue. I could understand your concern, if the usage of Bitcoin for payments is getting affected. But that is not the case and therefore I don't think that there is any significance in what you have said.

[Wong Gendheng]

That's exciting, collecting the fruit of your investments. It's probably felt good not worrying about keeping funds for 3-year long. In other cases, selling bitcoin could provide relief as it releases the anxiety from the unknown price movement. Not everyone can afford to hold and buy coins without feeling doubtful about what might happen in the future.

If I hold bitcoin for 3 years then I will sell at least 40%, it's fun if we hold 3 years and we get big profit, if he buys bitcoin at a price of $8000 then he has earned 600% profit, this is a big profit so it will not be obtained if we invest elsewhere.

[Chato1977]

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).

My first selling is 20% of my total asset mate , and same feeling as yours .. also i convert almost 70% of my altcoin into bitcoin after that selling because i think it is more worth holding that Shitcoins .

[Sir Legend]

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).

My first selling is 20% of my total asset mate , and same feeling as yours .. also i convert almost 70% of my altcoin into bitcoin after that selling because i think it is more worth holding that Shitcoins .

Selling when we have made a big profit is the thing to do, bitcoin can go down at any time so when we sell and already make a profit then it is the right thing, I first bought around 1.2 btc in 2015 when the price was around $240, and I immediately sell when you get 15% profit, for me this is a big profit in 3 months.

[lepbagong]

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).

My first selling is 20% of my total asset mate , and same feeling as yours .. also i convert almost 70% of my altcoin into bitcoin after that selling because i think it is more worth holding that Shitcoins .

Selling when we have made a big profit is the thing to do, bitcoin can go down at any time so when we sell and already make a profit then it is the right thing, I first bought around 1.2 btc in 2015 when the price was around $240, and I immediately sell when you get 15% profit, for me this is a big profit in 3 months.

I think maybe what you say is already the best you have done but actually if you want to be patient again of course you will be able to get something bigger.
because we know that bitcoin will always have a halving every 4 years and at that time there will be a sharp increase from the last ATH, actually you can do that because it is certain that bitcoin's decline is only momentary and will move up again after the halving.

[HaleyOccam]

Now the question is, for how long you will keep holding the other 95%? do you have a nice goal to chase?

No goal. I just use Bitcoin as part of my general portfolio for diversification.

I plan to keep at least 50% long term.

However, I am worried about the electricity use of Bitcoin. If, for example, Bitcoin were to replace the dollar as the world's reserve currency, it would need twice the amount of energy the world currently produces (or something like that).

My OP is essentially advising people to stay diversified with their investments, and don't be afraid of rebalancing.

Congratulations, you have a clear investment plan. This is a great practice. It can be seen that you are not a person who puts eggs in a basket. I think you should write more about your investment experience, whether for newcomers or For those who do not understand investment plans, this can be a good guide.

[Rana590]

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).

It is good to have trust on Bitcoin and I support your idea that you want to buy Bitcoin again when it will loose it's price. Holding is always best way to get higher profit from Bitcoin. It's better to not divert your mind to other's direction. Be king on own your crypto world and best of luck to you. I hope you'll be able to buy more Bitcoin in near future.

[dimonstration]

That's exciting, collecting the fruit of your investments. It's probably felt good not worrying about keeping funds for 3-year long. In other cases, selling bitcoin could provide relief as it releases the anxiety from the unknown price movement. Not everyone can afford to hold and buy coins without feeling doubtful about what might happen in the future.

If I hold bitcoin for 3 years then I will sell at least 40%, it's fun if we hold 3 years and we get big profit, if he buys bitcoin at a price of $8000 then he has earned 600% profit, this is a big profit so it will not be obtained if we invest elsewhere.

There's a profit in bitcoin especially if were able to buy earlier. But now it still possible to do sonce bitcoin adoption now os way too fast and if were good in trading there will be no problem doing it. It will be a good chance to sell knowing we waited or we work hard for it and it makes a huge profit after all the waiting and work we been through. Ondeed bitcoin is a good investment.

[peter0425]

That's exciting, collecting the fruit of your investments. It's probably felt good not worrying about keeping funds for 3-year long. In other cases, selling bitcoin could provide relief as it releases the anxiety from the unknown price movement. Not everyone can afford to hold and buy coins without feeling doubtful about what might happen in the future.

If I hold bitcoin for 3 years then I will sell at least 40%, it's fun if we hold 3 years and we get big profit, if he buys bitcoin at a price of $8000 then he has earned 600% profit, this is a big profit so it will not be obtained if we invest elsewhere.

There's a profit in bitcoin especially if were able to buy earlier. But now it still possible to do sonce bitcoin adoption now os way too fast and if were good in trading there will be no problem doing it. It will be a good chance to sell knowing we waited or we work hard for it and it makes a huge profit after all the waiting and work we been through. Ondeed bitcoin is a good investment.

Bitcoin is alwats a profit investment but the thing is waiting time sometimes , you will buy but tomorrow the price will drop but while waiting we can always try investing in altcoins.
so don't just put in Purely bitcoin when there are chances in other coins .

[pjwaffle]

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 feel you are a very smart investor, I am happy to share this with you and as investors we need to learn how to diversify different investments, for example. for example you share gold and stocks, because it is a very risky market we cannot put all our investment in one cryptocurrency. We must constantly diversify investment forms according to new trends in order to generate the most optimal profits possible.

[Emitdama]

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).

Sure you should be happy that you did and it’s also a good thing that you sold some of your coins, that’s not bad. You’re meant to reap the fruits of your labor and that’s what you just did. I am also not the type that Hodl forever, sure I do hold for long but I don’t do it to the extent like being so crazy with it.

I try to free myself and also try to explore other options that are available to me. I invest in bonds, gold and other good investments I see. You shouldn’t be limiting yourself to just one thing, it’s always good to try out different things as long as you’re very sure that they are good and worth trying.

[Reosta_]

You did the right thing about setting a price goal for yourself and selling some of your coins. This is what HODLing means in the end. It doesn't mean that you will continue to hold your coins forever. Then there is no point in investing into a cryptocurrency. At some point, you should stop being greedy and sell some of your profit. Greedy people lose most of the time.

[thet]

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).

You did a good job and atleast bring back your investment and still holding some of BTC. You are very lucky for doing the right decision few years ago and you are just enjoying the high price of BTC right now. Duch a good example of a good trader.

[thet]

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).

You did a good job and atleast bring back your investment and still holding some of BTC. You are very lucky for doing the right decision few years ago and you are just enjoying the high price of BTC right now. Such a good example of a good trader.

[sherenikaw]

holding it for 3 years and profiting from it is certainly a lot of fun. can compare the price of bitcoin 3 years ago with today, it's really profitable. lucky for people who are patiently waiting for bitcoin to be priced now and all that is replaced with the results. investing in bitcoin is not just about buying or selling but we also have to learn to read and analyze the market so that we can choose the right time to sell or buy. if everything is done correctly then it will produce a large profit that every investor wants. so it all depends on us, want to make a profit or give in to the circumstances and get a loss.