Sold my first Bitcoin and am happy

[Imran232]

You proved that line which is bitcoin hold for life not for life time. Yes you proved it. And by the way congratulations for you huge profit. Though you say you are in profit and you still hold it. And you also share a thing that anytime you can take back your money for your need. Anytime means anytime which facility you can not get in any bank or somewhere. Only crypto platform has that chance. Its just a matter of time. And we should appreciate him and thankful to him because by him all new users will be inspired to work with bitcoin.

[longyenthanh]

Thats excellent decision to sell bitcoins that are sleeping in your wallet for around 3x years. This is best time to sell bitcoin specially if you have bought bitcoin under 15k. You still have 95% in your wallet, I suggest better to sell at current price.

[Ausgewielt]

Don't worry if you holding bitcoin although the price fall. I think the real risk is when we can't control our emotional feel when bitcoin price fall, so we feel that maybe we will loss our money. But it seems that that is the wrong mindset. I think to solve this problem we can look at the world changes, look at where we are going now. Day by day online transaction is increases, of course it is good for bitcoin. Actually I also sold my btc but I sold 100% of it when the price rise then I will buy it again when it price is cheaper. I don't feel like I am being a slave only because I holding bitcoin, because I consider it just as one of my investment that is profitable.

[dunfida]

Don't worry if you holding bitcoin although the price fall. I think the real risk is when we can't control our emotional feel when bitcoin price fall, so we feel that maybe we will loss our money. But it seems that that is the wrong mindset. I think to solve this problem we can look at the world changes, look at where we are going now. Day by day online transaction is increases, of course it is good for bitcoin. Actually I also sold my btc but I sold 100% of it when the price rise then I will buy it again when it price is cheaper. I don't feel like I am being a slave only because I holding bitcoin, because I consider it just as one of my investment that is profitable.

Some people hold,some people wont because of personal preference.It is right that i do feel out that kind of being slave when you are just simply holding and waiting up for some pump.
Im a type of person who arent really that patient on waiting for too long but rather i do chose to play with these moving prices even on small scale where you can actually
profit if you wanted to.

When it comes to profit taking then this do really talks about on your own decision.As long it do benefit you out and able to buy on what you want then thats already considered as an achievement.
It is really giving out that happy feeling inside when you do sell off and have those success moment.

[Hasan986]

There is no loss if you have the patience to hold on to the crypto. Proof is you. If you can hold on to any real project. Then it is possible to bring 3-5x profit effortlessly. Hold policy is not possible by everyone.

[qwertyup23]

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).

Man, you have my respect for HODLing your bitcoins and for fighting the green on the other hand. I bet it was very tempting given that the price of bitcoin skyrocketed in the last 4 years.

While HODLing may be a great technique for "long-term", such time-frame is relatively subjective depending on your goal. As you have determined that today is the right time for you to cash out your investments, you have won the battle and you definitely deserve the rewards that you will reap today. I do wish that I have the same mindset as you mate!

[best123]

The Bitcoin is yours and you followed your mind. That's very cool with me too. I always sell out my capital whenever any of asset is pumping. This has been my way, people are around me knows that.
So your decision is not a bad one. I wish, I bought last 3 years like you. Enjoy the ride!

[virasog]

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).

5 percent of bitcoin is nothing and its good if you sold it at a profit. If you know some tricks about trading, you can sold 50% of your holdings at resistance level and buy back again when bitcoin falls a bit on the support level. This way you can increase your bitcoin holdings.

[tinopener]

5 percent of bitcoin is nothing and its good if you sold it at a profit. If you know some tricks about trading, you can sold 50% of your holdings at resistance level and buy back again when bitcoin falls a bit on the support level. This way you can increase your bitcoin holdings.

Thanks, yes, looking at maybe doing a bit more swing trading.

The only trouble is staying within Capital Gains Tax levels so I may try that but with a lower percentage. I'm not that worried about paying tax, but I like to stay under the radar.

What would you say the resistance level is right now? Just under $60k?

And the support level $58.3k?

[Twentyonepaylots]

Dude, it's your money. HODL at all costs is nothing but a good slogan to pump us up when the price is dire. But with the current situation of bitcoin being a bit better than the usual, there's no reason for you to feel bad about selling it. Anyway that is your hard-earned money, so we have no say about what you will do with it.

Congrats by the way. Not everyone had saved money last 2019 to buy bitcoins themselves. Enjoy it, and spend it wisely.

[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.

Don't feel sorry and feel like it was a mistake when you sold BTC for $ 200. it's your decision to sell it. Nobody expected BTC to be this high. Even when you keep 70% of the total BTC you buy at low prices, it will sell out when the price is high enough you think.

It all depends on the original intention when buying BTC. If your goal is to hold on to it for years and keep sidelined, you will certainly enjoy the results today.

At least in my case, back in 2012 I purchased Bitcoin for ideological purposes. I was attracted by the message of ending exploitation by the bankers. When I purchased my first coins, I never thought that I would profit out of it. Holding on to those coins was my way of supporting the principles defined by Satoshi. But within a few months, Bitcoin started its first major rally. Still I would have held onto the coins. But in 2014 I lost my job and then in the next few months I faced a lot of financial difficulties.

[Sanugarid]

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 were just being wise on how you handle your investment in BTC and it's actually a good idea to take profit to invest in other things such as stocks. It's your money after all and you'll be the one who will decide if you make the right decision or not. As long as you're happy and satisfied with what decision you've made, then it's probably the right thing for you to do.

[TribalBob]

It is extraordinary that you last 3 years in holding your bitcoin, with the results you get, you will get the self-satisfaction that is needed in every area of life can be fulfilled. After selling existing assets, I personally know from the beginning
  and using crypto trading I will hold some of my funds for a long time but for some reason I can't do it. Still trying to hold back, but somehow every time I saw a 30% profit I would immediately sell it.

[Ausgewielt]

At least we have to use our BTC to satisfy or fulfill our necessities before we die. A currency should be circulating in the market so the economy condition can be better. I sold 100%of my bitcoin few weeks ago, usually I sells my btc and use some of the profit for my self then buy more bitcoin when it's possible.

[Tolosi]

I also sold some at 60k recently not for for need only for personal satisfaction. Before that, last sale was in 2015 when I sold it all to buy an apartment.
Then I started accumulating again when it was about 200 USD

[gabbie2010]

Three years is not really a short time.  Admittedly, you have a lot of patience.  And greed is much less.  Because if you were greedy or scared, you should sell Bitcoin only when the price was $30k.  It's really unimaginable that you've been holding bitcoins for so long.  This is called longtime investment.

I agree. He definitely have triggered discipline. And also he have a lot of patience in selling his bitcoin. I know that we all know bitcoin will pump as usual in the next months but I think his decision is good enough because he earned a lot of money and that was called a super long term investment. I am so much happy about the people who have a lot of patience and I wish I have it back then. I only sold mine in a good price but not as good as it now. I used it in my things that I needed that time and I'm glad that I able to buu those things and still thankful for that price.

I salute the courage and patience of the OP despite all the FUDs, panicking, pumps and dumps in the price of Bitcoin the OP stood his ground and hodl for 3 years infact the price dump in the wake of the pandemic last year when the price fell $4K is enough to send fear to some hodlers to sell off their assets inspite of that the OP continually held the BTC, this is indeed an encouragement to other hodlers to keep on hodling and always buy BTC at dip.

[isaac_clarke22]

~

Well the support level from how I saw the price rebound and plummet lately just between 50k - 60k.
Once we saw a sure easy breach past 60k, my answer could be a little different now.
Keep hodling their, OP.
For sure if you held more than 3 years, this would be just a piece of cake of hodl for you as well.

[thisappointed]

Job well done, OP. I didn't bought any Bitcoin way back when the price was still low but I've stored a little amount of it way back 2017, and I've sold it when it hits $60,000 after for so many years of waiting because of the bearish market, and I am happy as well for my profit, it is worth the  wait.

Early adopters profits for sure are way more bigger, but I guess they didn't sold any of it because they are waiting for much bigger All Time High.

[sapnu]

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).

Considering that it is just 5% and you were able to hold your bitcoin for 3 long years, it is not bad decision at all. As you said, you felt satisfaction after doing it although you still felt guilty because you are trying to stick on the "Hodl at all cost" mentality, still it is not a bad thing to give back to yourself after the long time you resisted selling with all your might. You still have plenty left for sure and you are close to the probability of being able to hodl for a long time once again. People like you recieve the greatest rewards in bitcoin because it has never been easy to hodl cause a lot of things are happening in the market each day.

[bosede1]

You have done well holding the con for so long I can proudly tell you that and with this, you have been able to clear some doubt and claim some facts about the coin yourself. Like you said it will be good to buy some coins when you can take the risk. I was very happy when I also cash out