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Topic: I never sold my First bitcoin. Are you also emotionally bound to bitcoin? - page 13. (Read 1946 times)

jr. member
Activity: 221
Merit: 5
So fare I have only sold bitcoins for altcoins, so trading only, and most of the time when I buy altcoins with bitcoins I use new fiat to buy the same amount in bitcoins or sometimes even more.

My plan are to hodl my bitcoins the next 10-15 years or more.
newbie
Activity: 27
Merit: 0
You own that bitcoin, most especially that is your first bitcoin. But the most important thing is that you own it. So you can do all you want to it. But practically saying, its much better to trade it so that you can earn more bitcoin.
full member
Activity: 560
Merit: 112
I understand what you mean cryptojack. You all know the golden rule that emotions should not be a part of our trades and decisions when it comes to trading, but sometimes it's just too hard to sell something after all the great memories that you had with this certain cryptocurrency or whatever thing it is  Cheesy It's sad, but it's true. Once you sell it tho, you know that there is no going back and trust me, with time you'll start to feel better again. In the crypto world it's all about decisions, decisions and decisions.
full member
Activity: 420
Merit: 110
I still have less than a year in the crypto world and I have set up dates of my hodling time for each coin in my portfolio (subject to change if the coins go below investment price as I would not be willing to sell at a loss). But I do have a feeling it will be hard to sell my first Litecoin as it was the first crypto currency I ever invested in.
newbie
Activity: 79
Merit: 0

I bought btc at $ 9000 and was waiting for it to come back but not selling. Btc has a lot of my emotions. emotional loss of money, very uncomfortable.
newbie
Activity: 27
Merit: 0
i have greater attachment to altcoin, than btc, even though I bought btc for less 500$. I sell Bitcoin next pump
sr. member
Activity: 1400
Merit: 420
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?

Good for you then because it has an continuous increasing in value over time so you have a wonderful investment as of now but if you are too emotional attached to it then that's a bad thing because after all Bitcoin is still money and it's the root of all evil so getting attached to money has never been good.
member
Activity: 434
Merit: 10
That emotional affection is very common especially when the coin is very valuable and in this case it is the mother of all cryptocurrencies bitcoin. Nevertheless i think you can sell some portion of it when the price goes up once again but not this time because the price is very down off late.
member
Activity: 364
Merit: 13
Killing Lightning Network with a 51% Ignore attack
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?

It does not matter as long as you don't care about making a profit.

But if profit is a motive, then being emotionally attached is the worse thing you can do.  Smiley

sr. member
Activity: 728
Merit: 275
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?
Anyhow it is quite normal to have an emotional attachment with your investment. And of course Bitcoin is no exception. But getting too much attached to a thing, it creates too much troubles at times. So it is advisable to learn the art of controlling your emotions especially when in the Cryptomania. It can sometimes work in an opposite direction and you may get too much hurt then!

Working smartly in the market is always preferable than being an emotional fool in this market. I hope it helps!!
member
Activity: 182
Merit: 10
such occurrences are just a few people who experience, most likely you are wrong in determining the target market, I myself have used some of the bitcoin for use in everyday life.
Ctn
sr. member
Activity: 644
Merit: 259
No not really bound. I mean I have sold many times in terms of satoshi's whenever I needed to do so. If there is need of money or if there good high point where selling becomes more important than holding then yes I have sold them immediately. But I always refill my quota afterwards whenever the prices dump to their bottom for that specific period and thus keep the liquidity of my bitcoin. I am really not emotionally bound to the bitcoin and if I would have been there might have been many more bitcoins seating in my wallet right now.  Tongue
hero member
Activity: 826
Merit: 501
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?
Thats true we are emotionally attached from our bitcoins,because we already know that it has great potential that it will grow more in the right time.As times passess by and adoption will increas possibilities would be demand will grow more as well as the price,and i see that its worth the wait.
member
Activity: 180
Merit: 10
It is hard for me to sell my bitcoins because i work hard just to earn it. Maybe it is normally emotionally binded because you work hard for it just like regular investors on how they invest in bitcoin. But i sold my bitcoin because i needed money for my daugther's needs. It is worth the wait to sell your bitcoins with a purpose rather than selling it without any reason.
full member
Activity: 680
Merit: 103
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?
I think it is normal to get emotionally attached by bitcointalk or something else, example if you have 10 btc then you save the 1 btc for remembrance well that's okay  Grin, but if you only have one think twice it may get worth less someday, it much bbetter for you to roll it to become bigger.
full member
Activity: 742
Merit: 144
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?

It is normal to be emotionally binded because the money you used in investing is your hard earned money that is a natural feelings of a regular investor.
Yeah, this happen to me during my first months but when I see the peak last year, I let go my emotion and have some profit. Sometimes you need to know the market situation, holding is ok but always look for the opportunity of a dump market and sold if its pumping.
member
Activity: 251
Merit: 10
if it is good but I would have sold it in 20,000 if one feels really linked to bitcoin once you enter this world of cryptocurrencies you do not want to leave because you see the advantages of business investments that move in bitcoin and everything that agglomerate that thousands of coins are many exchange houses many technologies that come out new every day is an impregnable field of work where there is a community in constant growth worldwide working all day without rest 365 days a year is impressive
full member
Activity: 364
Merit: 101
I know that feeling when you don't want to sell your bitcoins. Before i was so afraid to sell my bitcoins but circumstances comes in life and i needed to exchange my bitcoins. But now, i am earning bitcoins and i am not afraid anymore to sell it or not. The cryptocurrency market is slowly falling down but i believe that bitcoin will rise again.
newbie
Activity: 13
Merit: 0
It's normal to feel some sort of attachment to your investments. Its yours, so what you do with it is up to you.
Yes, but maybe he need learn more to do his first investment
full member
Activity: 518
Merit: 184
It has been 2 years that I bought my First bitcoin. I have never been able to sell or trade it. Is it only me who is emotionally binded or does this happened with anyone else?

Also, is it a good thing to be emotionally attached so much to Bitcoins?

It is normal to be emotionally binded because the money you used in investing is your hard earned money that is a natural feelings of a regular investor.
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