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.