Sold my first Bitcoin and am happy - page 10.

cheezcarls

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Quote from: tinopener on March 15, 2021, 04:48:27 PM

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.

gurunanakji777

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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.

kotajikikox

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Quote from: sunsilk on March 16, 2021, 04:48:48 PM

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.

Quote

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.

Quote

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.

Leviathan.007

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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.

cryptoserega

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Quote from: Ridwan Fauzi on March 16, 2021, 04:37:54 PM

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.

Negotiation

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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

sunsilk

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Quote from: Sithara007 on March 16, 2021, 11:01:14 PM

Quote from: sunsilk on March 16, 2021, 04:48:48 PM

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

rodskee

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Quote from: Tap_Global on March 16, 2021, 07:34:19 AM

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.

Quote from: acener on March 16, 2021, 02:56:08 PM

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.

MCobian

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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.

Sithara007

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Quote from: sunsilk on March 16, 2021, 04:48:48 PM

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.

ethereumhunter

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Quote from: tinopener on March 16, 2021, 04:43:48 PM

Bitcoin is about 10% of my total portfolio.

Buy stocks before you buy bitcoin.

Buy a S&P500 tracker before you buy Bitcoin. An S&P500 tracker contains Tesla, Amazon, Facebook, Google, Microsoft etc.

Read what Warren Buffet says about S&P500 trackers.

Warren Buffet is not an enemy of Bitcoin, he simply has a point of view.

A good percentage of your portfolio, but I hope you can add more amount of bitcoin, especially if you can buy it at a low price. I do not buy stock or another commodity because I do not know what I should choose to buy. Even the name in that stock list is a popular company that still needs research before we buy, making me decide to buy crypto.

Hopefully, you can prepare for the next incoming bitcoin price Wink

sunsilk

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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.

tinopener

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Quote from: Ridwan Fauzi on March 16, 2021, 04:37:54 PM

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.

Bitcoin is about 10% of my total portfolio.

Buy stocks before you buy bitcoin.

Buy a S&P500 tracker before you buy Bitcoin. An S&P500 tracker contains Tesla, Amazon, Facebook, Google, Microsoft etc.

Read what Warren Buffet says about S&P500 trackers.

Warren Buffet is not an enemy of Bitcoin, he simply has a point of view.

Ridwan Fauzi

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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.

Asuspawer09

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Quote from: tinopener on March 15, 2021, 04:48:27 PM

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 mean in an investor's mindset you cant really just hold bitcoin forever at some point we are always looking for profit, and investors are going to sell and make a profit if the profit was too high.

When the market price was too high in the market there is going to be a dump after that, especially if the pump was a big pump it is also going to be a big dump because investors know how the market work so at some point, they are going to sell and take profit at the high market price.

3years of holding is already a huge profit for now, and it doesn't really matter because you could always buy back bitcoin in the deep, we know how volatile the market is.

tinopener

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Quote from: Smartvirus on March 16, 2021, 02:30:10 PM

That's one way to go about it and I'm impressed.

Don't be too impressed. I would have done it sooner but I am self-employed and I run a small company so don't want to get into trouble with the tax authorities.

Therefore I wanted to be sure my accountant was happy with what I was doing, and was given the all clear 2 days ago.

I even have insurance now Wink

Wawa2013

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I can feel the satisfaction and pleasure you feel after selling 5% of the Bitcoin that you HODL for 3 years. Because I also experienced the same thing,
a few months ago I sold some of my Bitcoin. Which I also collect Bitcoin from 2017 until now, so selling Bitcoin when the price is high gives
satisfaction which is indeed difficult to explain.

The most important thing is I feel what you feel, therefore there is no need to feel unwell if we sell Bitcoin which we have HODLed for a long time.
That in my opinion is something that investors should do, at least give rewards to themselves. Because it has succeeded in being patient with
Bitcoin holding in the long term.

milani

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Quote from: tinopener on March 15, 2021, 04:48:27 PM

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).

Wow. You are surely the happiest man in the world nowadays)) because you did your own steps, you make your own choices without hesitations and any regtets, and you are with high profit. You are the real example for lots of people who do not still believe in Bitcoin, that everything is possible in your life in case you believe and act wisely.

Upgrade00

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Quote from: Ozero on March 16, 2021, 12:53:08 PM

If bitcoins were bought three years ago, now is the time to partially sell them and fix your profit.

This is a personal decision; if the investor has reached their profit target they can sell and take out some profits. Some long term holders eo are yet to hit their desired target are still stacking up sats as they perceive the value is still relatively cheap.

Quote from: Ozero on March 16, 2021, 12:53:08 PM

you just hold on to bitcoins, you can remain a witness to the rise and fall of its price, which ultimately does not guarantee a profit.

If you only invest what you can afford to lose, changes in the market wound not pose a risk.

acener

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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.

Topic: Sold my first Bitcoin and am happy - page 10. (Read 2546 times)