Sold my first Bitcoin and am happy

[Generate Free Btc]

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).

Many people will tell you that you sold too soon, so ignore them. It's fine if you're content with selling a portion of your bitcoin.

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[onecall123]

I don't have my notes but I found other things that gave me clues. I started my journey in 2015. Sold my first BTC with happy face but not afterward. So, not every sellers can feel happy. Take me, I've lost almost 3x due to selling at low cost. You'll be laughing at me. Literally I feel no excitement selling my bitcoin share. I know BTC has a bright future, even though transaction costs to transfer is high. At least I'm trying to be honest. Bitcoin is a good choices to begin building positions in and the price that is not much.

[rosebrand]

Three years! This shows you are really a long term hodler, and this has actually paid you off buying bitcoin at 2018 prices was really down compared to the prices we have now, I guess u must have been 20× richer than you were three years ago, this is the power of investing in the right asset and also having patience. You know patience is one of the key factor of being successful in this crypto space, imagine the profit you must have made so far for just buying and hodling. Crypto is the future it has wiped away poverty from most axis of the world.

[SimpleMan]

Three years! This shows you are really a long term hodler, and this has actually paid you off buying bitcoin at 2018 prices was really down compared to the prices we have now, I guess u must have been 20× richer than you were three years ago, this is the power of investing in the right asset and also having patience. You know patience is one of the key factor of being successful in this crypto space, imagine the profit you must have made so far for just buying and hodling. Crypto is the future it has wiped away poverty from most axis of the world.

He was tough enough to go through the ups and downs! It wasn't really easy as Bitcoin is so crazy and doing whatever you can't anticipate. At the same time it is fun because where else do you get so much excitement when you are invested in something? Bitcoin is so much fun man!

[Mpamaegbu]

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

Basically, I'm glad I sold some if only to stop feeling like a slave to it

It's great you've broken loose of that mental chain. Honestly, I don't get the hang of it when people advise others to hodl at all cost. At some point those who are wise should be able to sell off, watch the market and then take advantage of any dip to biy back and increase their stash. Hodling without selling at all even when obvious signs of a dip show, isn't a wise thing to do. It's a fear mentality that causes people to perpetually hodl. It's FOMO.

[Newlifebtc]

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's usually relieving when you sell a bitcoin you have been hooding for a while ,it gives this sense of investment and control over it

[swogerino]

I have sold many small amounts of bitcoin I have earned here and earned by managing some mining rigs for some colleagues.However I have accumulated a lot of Bitcoin from my personal mining rigs and I have HODL it since end of 2015 and never have been tempted to sell.I will sell only at 100.000 Usd for a Bitcoin as a minimum.

[rajakulam]

if you have held bitcoin for 3 years and you just sold it now, of course your three years of waiting was not in vain, even more than you thought, you really took advantage of your investment when the price of bitcoin was still relatively cheap from now on.

[Ebede]

Base on articles, post's read in the forum I understand that to sell Bitcoin at early stage is not ideal but at point to hold Bitcoin or any other coin will be more preferable, it's when I registered in the forum I began to know that Bitcoin is can give money, and right now I don't have Bitcoin even to sell, but it's not my priority to be here, the main aim to be is to get knowledge of crypto.

[FairUser]

Base on articles, post's read in the forum I understand that to sell Bitcoin at early stage is not ideal but at point to hold Bitcoin or any other coin will be more preferable, it's when I registered in the forum I began to know that Bitcoin is can give money, and right now I don't have Bitcoin even to sell, but it's not my priority to be here, the main aim to be is to get knowledge of crypto.

A good start for you, but more experience with this market, after many years of joining this market, I also have a bit of results, I am satisfied with what I have for it, both about time effort and money, and it is not easy having undergone many growths and I see it is running out of opportunities to find profits quickly, maybe you can join for a while and profit from it, and it gives a sense of this market understanding. Be careful your money is nothing to the market just be satisfied and don't be too greedy, you will be rewarded. And to do such things, the price is unavoidable, and consider it just the beginning to the upcoming success.

[dongyi17]

Congrats, You have courage to hold your bitcoin until now and you have reward now. They said the basic rule buy low, sell high and buy and hold it wait for the price high. I think Bitcoin now is not going down this year, my prediction bitcoin can reach 80k$ this year, but this is my prediction only, many happen along the way.

[Tomiwa_akin]

you have done the right thing. diversification is one thing that makes investing to survive for longer term. i feel holding bitcoin for long dosent mean you are a slave to it. your holding is for a purpose which is to make profit. test the waters of shares and stocks and then come back to buy the dip of bitcoin anytime it happens.

[Alucard1]

That's a good decision, you've sold at the right market situation. Good you've got the ability to hold for a much longer time period. Three years of holding isn't an easy thing, myself too tried holding but I weren't able to do it. Most of the users have the mind to hold understanding the true potential of bitcoin, but they weren't able to do it due to planned and unexpected financial needs being fulfilled by the same.

Maybe the holding you've done will serve as an example and make users hold as much possible for their good.

A lot of people is really planning to hold bitcoin for the long term but it is not that easy to do, there are so many things that might happen in our life on which we will badly need money to the point that we need to pull out our investment, good thing for those who can hold bitcoin for a long term, it only means that they really trust bitcoin and they have a good source of income to the point that they wouldn't mind pulling out their investment.

[mikelthor]

I am not happy with selling my bitcoin because in this year bitcoin prize bearish and several time bitcoin resistance zone all time high. Such type of $60k+. When i sold all my btc, btc Price  was around $10k+. But i didn’t  believed btc price will be $60k+. I just follow many experts opinion. But i don’t follow their advise. So at this moment i am not profitable and i have no BTC. But crypto industry or BTC market will be so high. I think btc will go to the moon.

[Alisha-k]

Having a target and sticking to it is part of the hodl policy. You have to pay your self from your investment if you hit your target to avoid a retracement. Holding for 3 years is quite long enough to get some wonderful compensation.

[haidil]

everyone has their own way of investing and trading, of course it is a good step for you to sell and store bitcoin, I personally sell bitcoin and then partially I buy it in other assets.

[ice098]

Three years! This shows you are really a long term hodler, and this has actually paid you off buying bitcoin at 2018 prices was really down compared to the prices we have now, I guess u must have been 20× richer than you were three years ago, this is the power of investing in the right asset and also having patience. You know patience is one of the key factor of being successful in this crypto space, imagine the profit you must have made so far for just buying and hodling. Crypto is the future it has wiped away poverty from most axis of the world.

I can't imagine how OP manage to control his feeling not to sell his bitcoin knowing that for the past three years the bitcoin market was saturated and can't even imagine the patience that he endure to wait till the market get rise up and be able sell his token to earn a profit from his bitcoin token.

He really deserves what he have earned and to think that even only 5% of his token that he had sold will be enough already to make him hapoy from what he has get or earned.

[Mamun74]

Omg!Theree years ago?Well,You buy very cheap price.You are so lucky holder.I think, You have to get huge benefit form holding. Three years ago bitcoin price was very low and now bitcoin price is level $56k-$57k.

[Mr.sprin]

You have a very strong mentality and you have got extraordinary results. Many people buy bitcoin cheaply but they don't get to this point. You are a very lucky person.

[haidil]

You have a very strong mentality and you have got extraordinary results. Many people buy bitcoin cheaply but they don't get to this point. You are a very lucky person.

Most people panic when the price drops, of course it is quite difficult to hold for a very long time. need extra patience when looking at the market. but what do you get from patience? that is a very big advantage.