Sold my first Bitcoin and am happy

[tinopener]

There are risks involved in investing in general.Tech stocks aren't a safe heaven.
Gold prices might go down,after the pandemic/recession ends.
Anyway,good for you.I won't be selling my BTC,even if the price crashes back to 20K USD.
I sold plenty of BTC last year,when the price was 7K-13K USD,so I regret selling BTC.
I never believed that Bitcoin will reach 60K USD,so I guess I'll stay poor forever.

Bear in mind that the reason I sold is to rebalance my portfolio.

I'm selling some bitcoin because it's high, and buying some gold because it's low and tech stocks because there has been a correction recently so they are off their peak.

This is all about hedging for the long term, 10+ years.

[Expecto]

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 looks like you were really patient that you HODLed for 3 years.    We don't see so many people have the courage not to do a panic-sell and wait patiently for making a profit that is worth selling. Of course you didn't sell all of it but it really feels good when you make a nice profit and want to celebrate it by selling a little amount of it. 

[rodskee]

So you only did this for experience and for satisfaction ? while many are selling because they are in panicking or they are greed enough not to let scape the chance of small profits,
I salute people like you who already Know how to value the coins even if they are not.

You know the chances of continues increase while others don't believe.

But the main thing here is you have the capacity of letting it stay on your holdings when many of us use the funds to have foods on their table and it is sad but reality.

[jjdub7]

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 think you have a very good investment strategy. And yes, when we have invested in such assets that require a long period of time, years and not months, this wait can drive us crazy. That's why it's best to just "forget" about the coins in our wallets and not look at the market every day and wait something to happen.

[bakasabo]

Have you bought yourself a present for being holders club for 3 years? If you havent dont it yet, I suggest to do it to strengthen the joy of receiving first benefits and to kill FOMO hunger. Or, since you have successfully tested in-and-out scenario, you could deposit these 5% back and continue holding. Buy I really suggest or even insist on buying something that will be memorable to you.

[kotajikikox]

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 can relate to this feeling back in 2018 mate when i first sold all of my coins Gathered from my Signature campaigns and some Bounties.

And it feels Good even though i am disappointed that time because the market starts to bleed from the Hype of December 2017.

Have you bought yourself a present for being holders club for 3 years? If you havent dont it yet, I suggest to do it to strengthen the joy of receiving first benefits and to kill FOMO hunger. Or, since you have successfully tested in-and-out scenario, you could deposit these 5% back and continue holding. Buy I really suggest or even insist on buying something that will be memorable to you.

Sure he will Buy Himself something that will remind Him of this experience , treat Himself for future remembering .

[ethereumhunter]

You made a good decision to sell your bitcoin at the price you want, so enjoy your money.

While the price will fluctuate, you can try to place an order buy at a low price because bitcoin price will be down and sometimes, the downtrend can make us happy because we can buy bitcoin at the lowest price than before. Right now, you need to watch and analyze the market so you can find that time to buy bitcoin so that you can get more bitcoin later.

[tinopener]

Have you bought yourself a present for being holders club for 3 years?

Yes indeed. I've just treated myself to some more shares in Scottish Mortgage Investment Trust (SMT).

Yep, I can seem like a bit of a crazy guy sometimes, but I sure know how to have fun  

[galestorm]

I would probably do the same If I had a lot of bitcoin holdings but I dont. I already sold mine 2 years ago, and I wish I didnt since the price of bitcoin back then was just 4k dollars. HODL has it's pros and cons and an investor should know his/her limits. Well all know that the price of bitcoin flactuates. Waiting for the price to spike and sell it is a good strategy to earn more than what you've invested, but let's be honest, it would take too long, even years if you want bitcoin to reach the price beyond your expectations and in those long years you'll witness bitcoin dips, which isnt a pretty sight. If you think that you have enough, and received more than you have bought, you can sell your bitcoins. You'll never know when you will need the money.

[Bilgent]

It is nice to hear about some people that they choose to HODL and reap the benefit of it. I also do the same sometimes for rewarding myself. It is also very important to observe the price and be careful for not losing your investment by selling it at the right time.

[Tap_Global]

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

[bitzizzix]

Everyone has the right to do anything with their bitcoins and sometimes we also have to do things outside our plan with our bitcoins for reasons of satisfaction, need, panic and so on.
I think holding bitcoin for a long time is not easy because it will get past the feeling of wanting to sell when the price goes up and up and there will be a fear of the price going down again and that is a very tough test.
The OP's decision was great and whatever the plan, I don't care because it's your right, and you were very good at holding bitcoins for 3 years and this is the perfect time if you want to sell everything and buy back when it goes down.

[tinopener]

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

I've got Ethereum and Litecoin, plus lot's of little bits of the new defi stuff like Uniswap, Aave, Balancer etc. If I read a couple of positive things about them in the media, I just buy a couple of hundred dollars worth of them for the speculation. I'm starting to understand them a bit better now, but nothing like a bit of skin in the game to keep you interested.

I'm thinking about buying more Ethereum though, as I think Bitcoin will take a big hit this year with the climate change conference. Ethereum is moving to the less energy intensive Proof of Stake system, so I predict inflows.

Although I think Bitcoin will take a hit because of electricity and carbon footprint, I am convinced that Elon Musk and other Bitcoin proponents will find a way to make Bitcoin carbon neutral, and not only that, make Bitcoin positive for the environment within the next 10 years.

[Casdinyard]

Just seeing how huge the difference is, in its market value way back 3 years ago, will surely satisfy any investor with regards to the profit. It is surely hard to hold for that long given how many downfalls we have seen over the past years and it is only this year wherein the market value doubled and even tripple its ATH before. It is not as easy as it may sound to just hold and I do think those people who managed to do so are really something.

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 looks like you were really patient that you HODLed for 3 years.    We don't see so many people have the courage not to do a panic-sell and wait patiently for making a profit that is worth selling. Of course you didn't sell all of it but it really feels good when you make a nice profit and want to celebrate it by selling a little amount of it. 

Holding all of it is like carrying a boulder over a mountain. And it I'll be awesome to know if he really managed to not sell even a small amount over the years. I myself failed to o so because of the pressure this market gave me when the market price fell for more than a year.

[wxxyrqa]

You made a good decision to sell your bitcoin at the price you want, so enjoy your money.

While the price will fluctuate, you can try to place an order buy at a low price because bitcoin price will be down and sometimes, the downtrend can make us happy because we can buy bitcoin at the lowest price than before. Right now, you need to watch and analyze the market so you can find that time to buy bitcoin so that you can get more bitcoin later.

This is very good advice, because the cryptocurrency market is in a bullish trend and thanks to constant corrections, it is possible to replenish your budget due to the price difference. Of course, you need to spend some time on this, but I believe that it is enough to monitor the bitcoin rate in order to sell and buy at a cheaper price on time.

[tinopener]

This is very good advice, because the cryptocurrency market is in a bullish trend and thanks to constant corrections, it is possible to replenish your budget due to the price difference. Of course, you need to spend some time on this, but I believe that it is enough to monitor the bitcoin rate in order to sell and buy at a cheaper price on time.

Yes, I plan on using 50% of profit to buy dips from now on.

How many buy/sells do you do per year, if you don't mind me asking?

[Ewox]

Same here, I sold mine yesterday too. But I promised myself to sell them when I need them, and I need then currently for venturing my business to a much wider range and also for new opportunities. And also bought some alternate coins out of what’s left of the Bitcoin I sold. The feeling of not being withheld just because you said so yourself you will be hodling for life, made me feel free too.

[Tap_Global]

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

I've got Ethereum and Litecoin, plus lot's of little bits of the new defi stuff like Uniswap, Aave, Balancer etc. If I read a couple of positive things about them in the media, I just buy a couple of hundred dollars worth of them for the speculation. I'm starting to understand them a bit better now, but nothing like a bit of skin in the game to keep you interested.

I'm thinking about buying more Ethereum though, as I think Bitcoin will take a big hit this year with the climate change conference. Ethereum is moving to the less energy intensive Proof of Stake system, so I predict inflows.

Although I think Bitcoin will take a hit because of electricity and carbon footprint, I am convinced that Elon Musk and other Bitcoin proponents will find a way to make Bitcoin carbon neutral, and not only that, make Bitcoin positive for the environment within the next 10 years.

That's great bud, always good to keep your eyes open for new projects.

Very interesting what you said about Bitcoin - this might actually happen but like you said Im sure Elon Musk etc. will find a way to resolve it.

Quick question - what are your thoughts on our $XTP token?

[Noctis Connor]

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).

This is really tough decision to hold that bitcoins with your eagerness to sold them already when the price is quite really high in the first place if im this i can't hold that much longer when i see the price is decrease i will panic on selling them and wait for the price decrease into the maximum and when the graph shows that bitcoin is increasing again that's the time im going to buy just to make a good profit while the market is really unstable well it's really unpredicted however i just follow what my guts say's.

[Trinx01]

Congratulations on that, I feel glad to hear things about this. Those people who chose to hold for a long time and now they are having good profit, that is what we can have if we trust and believe in bitcoin, as of now the value of bitcoin is high and that would be too risky if we buy bitcoin these days, the prices of bitcoin can still go down and that would be the best time to buy bitcoin.