Sold my first Bitcoin and am happy

[rodskee]

Well done! Sometimes its good to take some profits. Are you involved in any altcoin projects?

it is clear that OP does not mentioned about reason of profiting ,surely you did not read the OP instead just the title . because OP had sold Small fraction of His Bitcoin for a sole Purpose and that is to experience the feeling of having sold some BTC's .

In which brings us the Happy feeling from our own investment or even from our first Bitcoin payment as a Hunter.

Great for you OP in crypto or any other investment I think it is better to save our investment and don't be too greedy.
It is a good profit for you already for holding it and waiting for it to reach this high before cutting it off.
We shouldn't stress ourselves too much from it and learn to take a break or relax.

Yups Relaxation is what we have must because when the price of Market is completely falling that means  we are in so much stress, but OP as a Long term Holder cares nothing about the present price.

[sunsilk]

That's what needed for one to feel, to be satisfied upon selling a portion of their holdings.

As long as you're happy and you know what you did at the current price which doesn't hit you mentally, that's what needed for you to look at. You're good and you can just buy it again which is part of what you've said and that's a good strategy.

There were many that sold theirs and don't plan to buy back those sold bitcoins that they've done. You sell some and hold more.

There is no point in selling your coins, if you plan to purchase them back at some point in the future. Because despite temporary fluctuations, the long term trend for Bitcoin is always positive. That means, if you are selling your coins then in all probability you'll be purchasing them back at a higher price. On the other hand, if you want to do profit booking, then it is OK. At one point or the other, we need to sell a part of our holdings in order to cash out. There is no point in not spending some of the coins, as long as you have enough holdings for the future.

I think you do not understand the point of selling and buying it back at lower price. The point that op was telling is that when the price goes down after taking profit, that is the time he's going to buy.

And what you are telling about selling a part of holdings and telling that it has no point in selling contradicts each other

[Negotiation]

There are many positive ideas about your market even if the market goes down, wait patiently without investing any effect on you later many traders do not have the patience to invest in your plan there are many traders who sell the currencies when the price goes down and can't wait patiently. When the price goes up there is a lot of loss it’s a much better strategy for investing you have made a lot of profit according to the current market price

[cryptoserega]

You been faithfull to hold bitcoin that you have, also you been passed the worst thing that has been happened especially 2017 ago when bitcoin price increased a lot until touched the first all time high $20.000 but theb its price just dumped a lot $3500.

I just wanna know what have been done by you at that time so that you decided to continue to hold the bitcoin that you have?

I guess it will be a diffult thing to do. I don't have any bitcoin at that time. I just new comer that still learn about how bitcoin work and make some sources to make my believe is confident that bitcoin never take my money in any situation.

Many people that hold Bitcoin now became rich people. The demand in Bitcoin is raising.
You can read about this here https://dailycoin.com/bitcoin-demand-goldman-sachs/
Many people use Bitcoin for investment because the price of Bitcoin is growing.

[Leviathan.007]

Congrats, you did really a good job here. selling only a little share of bitcoin while the market is near the ATH is very smart. You can enjoy your profit and spend it in real life or anything else. For the rest of your investment, if you are planing for long-term you should hodl the bitcoins even for another 3 year and see what's going to be happen after next cycle of the halving. you can also take more risk, and sell some amount here at this price and wait for the price to decrease and buy again. This way you can also increase your bitcoin amount.

[kotajikikox]

That's what needed for one to feel, to be satisfied upon selling a portion of their holdings.

Specially for OP that he only wanted to feel the selling chance and nothing more , it wasn't about the profit or anything but the feeling.

As long as you're happy and you know what you did at the current price which doesn't hit you mentally, that's what needed for you to look at. You're good and you can just buy it again which is part of what you've said and that's a good strategy.

He has not plan using the amount for even trading , that is solely selling chance is what he wanted.

There were many that sold theirs and don't plan to buy back those sold bitcoins that they've done. You sell some and hold more.

Lol that is only for Bounty hunters , in which selling their coins because that is all they wanted and not like OP in which Holder and the intention to sell is that the feeling only.

[gurunanakji777]

3 years before bitcoin was dirt cheap and Yes, Satisfaction is the main thing in every work we do. It's always good when we easily take out our principal amount. Risk is in every investment so it's a common thing in any investment. I believe you are planning to hodl your BTC for the long-term. You are in a win-win situation after selling 5% of your BTC holding because you trust in the BTC.

[cheezcarls]

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).

Now that’s good for you, and you should be happy for it. You’ve been holding on for so long, and selling only 5% of it is just good enough. After all, it’s your Bitcoin.

For me, I only sell when it’s really “necessary” like emergency situations or so. I am a long term holder, so I only seldom converting my BTCs to fiat when I feel that it’s really needed. Same thing with my other cryptocurrencies that I considered as long-term projects.

[AicecreaME]

Did you sell it in the current price market alone or you put also an interest rate for it? I'm curious.

Anyways, I know how you exactly feel. Selling your Bitcoin successfully after such a long time of perseverance is like receiving your very first Bitcoin in a signature campaign salary. I remember my first time having my bitcoin salary in my first signature campaign. I was so happy and proud about myself and finally believe even more in Bitcoin's capability and existence.

Congrats OP and continue to do profitable things rather than making random decisions because of panicking.

[Darkelf11]

What exactly price did you sell? I think you mare already earned a profit with the 50k price of the bitcoin but did you already manage to not a having regrets about these decisions? I'm just asking because there are a lot of people who got profit and now having doubt about their selves because of the regrets there is a chance that the coin increase more but at the end of the day they already pulled out. It's just a normal thing I guess because earning is still an earning.

Congratulations on your decision hoping you enjoy those holds for a long time and make a good profit.

[bryant.coleman]

I am someone who made the mistake of selling BTC at extremely low rates (~$200 per coin in 2015). My advice to everyone here is to hold on to at least 70% or 80% of your coins for the long term (i.e at least until 2024). With all the stimulus measures and welfare splurge by the governments, it is just a matter of time before ordinary people use Bitcoin to protect their wealth. Once that happens, BTC can go to very high levels, even beyond the dreams of the majority of the users. We have seen the exchange rates increasing from $0.001 in 2009 to $61,000 in 2021. We can wait for a few more years, so that the exchange rates will touch 6-digit figure.

[ice098]

I believe everyone feels satisfaction after successfully holding Bitcoin for 3 years and selling it at a high price. Maybe you invested in large
amounts of Bitcoin, because you only sold 5% of your Bitcoin and were satisfied. Then I can understand why you have an unhealthy feeling,
because deciding to sell your Bitcoin after a successful HODL for three years is sometimes not easy.

Because what you really want is HODL without selling it no matter what, but sometimes times change our plans. So in my opinion there is
no problem changing our original plan if it is still profitable. Sometimes we really need to sell the Bitcoin that we have when it is profitable
to buy Bitcoin again when the price drops.

Well knowing buying bitcoin wayback 2017-2018 was just only cost about $3000 more or less was too far different than buying at the present bitcoin market value which is $54,380. I could imagine how the OP did try to control himself not to sold his bitcoin wayback when the market was saturated. I am happy for him earning a profit that he deserve, because waiting for three years and having a patience to hodl it for a quite long time was not easy.

[imstillthebest]

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

you feel happy after selling for the first time and this can cause addiction  .
 you will look forward of selling your coins when you have a chance but the saying "hodl at all cost " dont mean that you must hodl forever but it excludes some reasons on why we must sell .  
btc is invented because satoshi wants freedom for us not remain as a slave because you keep your promise of hodling . you control your own coins why will you limit yourself .

[Amejoaquim]

Congrats bro! Your hand so strong because you can hold BTC for more than 2 years.

Hope your story can motivated me to hold my BTC for long too, i've been holding my btc for 6 months and my target is BTC can reach more than $500k.

[Distinctin]

Just sold 5% of my Bitcoin that I've been holding for 3 years and I feel satisfied doing so.

3 years in holding? That was a long sacrifice but it was paid off.
I'm for sure that only a few people who've been doing this coz it possible that they sell their Bitcoin at the first market rally at $20k, $30k...But you have that strong faith and the situation gives you a favor.

And you are holding 1BTC, it is already big money when converted to fiat. It is already a million to our currency. Pretty impressive, though.

[pinggoki]

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?

I think it would be better to just make it private on how much did he disclose his bitcoin, maybe if he wants to share it then he probably do it already by doing this post. It is always you who will decide on what you will do on your money because of the end of the day, you will be still the one who will decide of it maybe you will get some opinions of other people but still the final decision is yours. The 3 years of waiting is all worth it because it was paid off already, good to you bro.

[taufik123]

Congrats bro! Your hand so strong because you can hold BTC for more than 2 years.

Hope your story can motivated me to hold my BTC for long too, i've been holding my btc for 6 months and my target is BTC can reach more than $500k.

LOL $ 500k is your target.
you will hold it for life, do you not want to profit from the Bitcoin you hold.
it is not wrong to target a price of $ 500k but, logically that is still not possible and still very far away.
Getting to $ 100k this year is still pretty tough. Bitcon will not continue to rise, there will be times when bitcoin is bearish and is at its lowest price.

but if you hold bitcoins without expecting a quick profit and can hold them for years, that's pretty awesome. But the big profit depends on how much BTC you can hold, buying it gradually at different prices would be very good.

[cr1776]

Taking a profit after such high returns is never really a bad move, especially on a such volatile market.

"HODL" initially meant avoiding daytrading and being a long-term investor, but somehow it started meaning "never ever sell your BTC", which isn't that great - there's actually no guarantees that Bitcoin will reach $1 million or whatever other price people hope for, and HODLing means denying opportunities to sell high and buy back low, which isn't actually that hard to do, considering that Bitcoin tends to crash very hard after the peak of the bubble.

I don't think anyone ever thought it means "never ever sell your BTC".  What it means - at least to me - is that you don't sell until bitcoin has reached fiat equilibrium and then you don't need to sell because you'll be able to transact in bitcoin without needing to convert.  If usage continues to increase, whatever the use, whether fiat inflationprotection, buying stuff, speculation, an ETF, smart contracts etc, equilibrium will be another order or two of magnitude from here.  So another 10 or 100 times in fiat terms from here, or potentially 500k to 5000k in USD terms.  In early 2011 people were saying "dollar parity won't hold" and thought $30, $100, $800, $2000, $10000 etc. was a pipe dream, let alone $50-60k.  Another 1-2 orders of magnitude is certainly possible, who knows when.

At the time when the initial drunk HODLING post was posted, bitcoin was around $800.  All the people who were shouting "bitcoin is crashing" and other nonsense sold.  He held.  I don't know when or if he's sold yet, but if so, he has done well.   It has been the same story since summer 2010 when I first read about it.  Every time bitcoin goes up and then goes down some.  With trading, you may get lucky or unlucky, and lose it all.

The way to get "diamond hands" is to buy and wait.  (I used to say mine and wait, but that ship seems to have sailed for now for many people).





* And I saw his post just as he posted it and though, "this is the dumbest thing with HODL" and look at it now everyone is using it, although it is still idiotic, so what do I know.

[cr1776]

Congrats bro! Your hand so strong because you can hold BTC for more than 2 years.

Hope your story can motivated me to hold my BTC for long too, i've been holding my btc for 6 months and my target is BTC can reach more than $500k.

LOL $ 500k is your target.
you will hold it for life, do you not want to profit from the Bitcoin you hold.
it is not wrong to target a price of $ 500k but, logically that is still not possible and still very far away.
Getting to $ 100k this year is still pretty tough. Bitcon will not continue to rise, there will be times when bitcoin is bearish and is at its lowest price.

but if you hold bitcoins without expecting a quick profit and can hold them for years, that's pretty awesome. But the big profit depends on how much BTC you can hold, buying it gradually at different prices would be very good.

Time will tell, but people said the same thing in 2010, 2011, 2012, etc.  Those people sold at $5.  Or $30.  Or $500.  Or $1000.  Or $5000.  Maybe they needed the money and are happy about doing so, maybe not.  It was their choice in a free (at least in some places) world.

If you *need* the money for something, certainly sell, but blanket statements like that have been proven wrong many times.  If it makes you happy, sell.  If you are stressed about the ups and downs, sell.  But don't do it just because someone says "logically that is still not possible and still very far away." It may be a long time, it may be short.  It really depends on you and your goals and what you consider "long" and "short." 

[matchi2011]

Just sold 5% of my Bitcoin that I've been holding for 3 years and I feel satisfied doing so.

3 years in holding? That was a long sacrifice but it was paid off.
I'm for sure that only a few people who've been doing this coz it possible that they sell their Bitcoin at the first market rally at $20k, $30k...But you have that strong faith and the situation gives you a favor.

And you are holding 1BTC, it is already big money when converted to fiat. It is already a million to our currency. Pretty impressive, though.

That's really a tough job to do, holding when you see that your investment already been fold many times. It's really insipirational
knowing that there are people who really believe to this industry.

Holding 1BTC way back where the price is much lesser, and with so many falls that happened before hand, that's a good decision
making to keep it and now sell with a huge profits.