I'm happy for you, you don't have any regrets on what you have done. I see so many people like complain that they could have sell it for a much more higher amount I don't see their point, once they decided to do something they should be proud of it.
Those users are greedy. Anyway, 3 years is a really long time I'm surprised that you managed to hold that for a long time.
Topic: Sold my first Bitcoin and am happy - page 3. (Read 2546 times)
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 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).
good idea, maybe many people do the same thing, they will buy bitcoin and hold it for a very long time after that they sell some bitcoins to take the profit and buy gold to invest too. selling a few bitcoins doesn't matter the important thing is not to sell all the bitcoins we have because investing in bitcoins is a faster way to make a profit than investing in gold.
I also felt happy when I sold my first BTC, but how long ago it was...
When I first entered the cryptocurrency world I couldn’t remember which coin I sold first. But at first I got some etherium as a bounty token but I couldn't sell it myself. An experienced trader bought my token at a very low price.Anyway, at least I didn't go down without explaining myself first There was celery which was not a bad thing at all. I was really happy at that time.
Glad to hear you got some profit from your investment. Cheers! I hope i have same mentality like you to hold coin for very long time. 3 years hold isn't easy and i know it's very hard especially if you bought btc in 2017 then after that bitcoin crash from $20k drop into $4k.
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).
Its good for you , You did buy in a good price and to be able to hold that long its really great. I do think its good to try the system and to have some validation that its save. I do think crypto is safe and become much easier for people to invest, there is a lot platform that offer deposit in fiat and also many place to buy it from. I did buy bitcoin again when grayscale FUD about unlocking BTC and i did very well right now. Cheers. 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).
When I first entered into the cryptocurrencies market, then Bitcoin price less than $1000 . Then I earned bitcoin by filling chaptchas with a little bit amounts Bitcoin. But after month-end I collected a big amount and sold them with locally by dollars. When I got some dollars then my mind drizzled with joys and kept always happy.
This is what I should have done in both BTC and altcoins. If we have already profited no matter if it's small or big, taking profit is important and not be greedy on it. Although that I have missed the big bull run of Bitcoin last December because of selling too early, it shows that BTC is designed for long-term investment. If I could have hold a bit, I would have enjoyed it already. But it is what it is, and we have to move forward until we can see BTC going bull run again in the future.
I was mining bitcoin for 3 years invested around 4500 usd for mining equipment
Sold 2.7 btc bought land and paid construction company to build my house.
Am I rich? No but helped me a lot without btc i would never have that i have now plus i have 2 btc for saving
Btc alone gave me a 30-40 years of working and saving
Btc is my god not bank
Sold 2.7 btc bought land and paid construction company to build my house.
Am I rich? No but helped me a lot without btc i would never have that i have now plus i have 2 btc for saving
Btc alone gave me a 30-40 years of working and saving
Btc is my god not bank
When you started mining, did your mining device mine at profitable prices or did you have to wait for the price to increase in order to make your investment ultimately pay off? Because often times people are better off if they just buy Bitcoin instead of investing in mining equipment. When did you start mining and which devices did you use? Damn those times when you could mine Bitcoin just with your laptop, that must have been fun!
Always good to be fully KYC & set up for withdrawals with multiple exchanges, ahead of when you plan to cash out some. I actually opened multiple bank accounts over the last 18 months with the purpose of testing if they’re all OK with withdrawing fiat from bitcoin exchanges to them.
You do not want to get stuck at peak bull market without a bank to withdraw to.
You do not want to get stuck at peak bull market without a bank to withdraw to.
I was resisting my wife when she said who wants much have nothing that was when btc was around 15000 so wait if you dont need money and if you need then dont invest in crypto
Selling doesnt automatically mean that you dont trust up crypto because everybody would really be having that selling point in mind and its not bad as long you do need it for personal matters or needs thenthat would surely counts.
If you do trust up bitcoin then its your choice to make and since its your money then you do have the full control or actions that you would make and wont be listening out on others suggestion.
We know the potential and its up to ours if we do grab out and able to afford to hold for long term for that specific goal or target.
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Selling BTC when you need money and when you are already profitable is a simple thing that teaches us all not to be greedy.
Using Bitcoin only as we need, is probably a wiser choice than we have high greed.
Recalling what the purpose of Bitcoin is, it will probably awaken most of the people whose lives are fixated on Bitcoin to make money.
Good job for OP
Using Bitcoin only as we need, is probably a wiser choice than we have high greed.
Recalling what the purpose of Bitcoin is, it will probably awaken most of the people whose lives are fixated on Bitcoin to make money.
Good job for OP
I was resisting my wife when she said who wants much have nothing that was when btc was around 15000 so wait if you dont need money and if you need then dont invest in crypto
~snipped~
Congrats on that, hope it would make other people feel intrigued to sell when you need to.See, we don't need to hold till death. Just sell it if you need the money quick or just to take the original investment back so you can use it for other stuff or buy it while on the dip just like you said earlier.
Probably I will take your story and use it for my own life so I can be more discipline in managing my money and investment.
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.People now know the history of bitcoin and its roller coaster price ride, so that actually should be advantage now then it was say 5-6 years before. Because a downfall now indicates that it is time to invest as it will bounce back later only question is when, so for long term investors it is not much of a worry. More concern would be for short term investors who end or panic sellers who end up in a loss.
I'm not calling it a sell-off, it's a take-profit, you're making a good profit and you're enjoying the fruits of holding for a long time. I like the way you think about investing. Selling a little does not affect the whole process but it makes everything better especially your psyche. Rewards are the motivation to motivate you to invest.
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.
Bro I think you don't do good to sell bitcoin because bitcoin have a bright future but you need minimum hold 0.5 btc for a bright future I am also using this method
I was mining bitcoin for 3 years invested around 4500 usd for mining equipment
Sold 2.7 btc bought land and paid construction company to build my house.
Am I rich? No but helped me a lot without btc i would never have that i have now plus i have 2 btc for saving
Btc alone gave me a 30-40 years of working and saving
Btc is my god not bank
Sold 2.7 btc bought land and paid construction company to build my house.
Am I rich? No but helped me a lot without btc i would never have that i have now plus i have 2 btc for saving
Btc alone gave me a 30-40 years of working and saving
Btc is my god not bank
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.Several times I experienced panic when the price of bitcoin drops, but after 2018 I can think calmly to decide to sell or hold, as long as I don't really need money then hold is the main choice.
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'm glad to hear that if you have benefited from your efforts over the past 3 years, there's nothing wrong with partying a little in the win, I personally not bel;ive bitcoin reach a new ATH of 60K$ yesterday 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).
HOLD will definitely be the winner,
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