Sold my first Bitcoin and am happy - page 4.

Gcrypto786

jr. member

Activity: 259

Merit: 1

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).

Selling Bitcoin at the $60k means a lot and if you sell it on $30k or on $40k then the price is also good as compared to the previous pump which was a maximum of $20k.

zanezane

full member

Activity: 868

Merit: 150

★Bitvest.io★ Play Plinko or Invest!

Quote from: ?? on ??

I am waiting for the moment when I sell btc from my ownr and trust wallets. But still continue hodl.

I hope that when you sell your bitcoins that you will get a big profit out of it, people who have strong hands deserve to get their just rewards for hodling. The first time is always the best thing to happen in almost anything.

jesselui

full member

Activity: 854

Merit: 109

Trident Protocol | Simple «buy-hold-earn» system!

It is useful to turn the money you earn into reality over time. I think you did a good job. You sold a very small amount. I can say that I sold most of what I have.

scarface97

jr. member

Activity: 46

Merit: 10

The same happened when I was buying the money I earned on the stock exchange. I cannot describe the stress and sleepless nights I experienced while trying to earn money there, and the happiness I experienced as a result of my investment reaching its target. It was a really beautiful moment. Maybe I made a small amount of money for some but it was dear to me.

mv1986

legendary

Activity: 2058

Merit: 1166

Quote from: Swordsoffreedom on May 08, 2021, 06:08:58 PM

Quote from: ice098 on May 07, 2021, 09:38:02 AM

Quote from: rosebrand on May 05, 2021, 12:56:11 PM

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.

Actually, hodling is the ultimate solution, there is a common dialogue "Buy Low and Sell High". Most of the day traders are frustrated at some point. It is very risky to do short-term trading without proper knowledge. On the other hand, hodlers who buy at dip and hold on year after year, As a result, their investment multiplied within a year. That is why when the market is temporarily dumped, they do not have much of an impact on their seed money, so their investment remains safe and risk-free.

Hm without proper knowledge, but honestly day trading crypto is almost impossible as the market functions so differently compared to oil or gold. Extremely dynamic and almost impossible to anticipate what Bitcoin will do next.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: ice098 on May 07, 2021, 09:38:02 AM

Quote from: rosebrand on May 05, 2021, 12:56:11 PM

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.

Actually, hodling is the ultimate solution, there is a common dialogue "Buy Low and Sell High". Most of the day traders are frustrated at some point. It is very risky to do short-term trading without proper knowledge. On the other hand, hodlers who buy at dip and hold on year after year, As a result, their investment multiplied within a year. That is why when the market is temporarily dumped, they do not have much of an impact on their seed money, so their investment remains safe and risk-free.

Rkss4

jr. member

Activity: 980

Merit: 1

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).

If you hold your bitcoin more than three years then you can get anything more than you expected. So you get more Profits, you should enjoy with Joys.

haidil

sr. member

Activity: 784

Merit: 252

Quote from: Mr.sprin on May 07, 2021, 11:17:40 AM

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.

Mr.sprin

full member

Activity: 1554

Merit: 123

Buzz App - Spin wheel, farm rewards

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.

Mamun74

full member

Activity: 1358

Merit: 104

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.

ice098

hero member

Activity: 1498

Merit: 586

Quote from: rosebrand on May 05, 2021, 12:56:11 PM

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.

haidil

sr. member

Activity: 784

Merit: 252

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.

Alisha-k

member

Activity: 840

Merit: 23

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.

mikelthor

newbie

Activity: 140

Merit: 0

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.

Alucard1

full member

Activity: 574

Merit: 125

Quote from: Vaskiy on March 15, 2021, 06:13:36 PM

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.

Tomiwa_akin

jr. member

Activity: 78

Merit: 1

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.

dongyi17

full member

Activity: 616

Merit: 100

FRX: Ferocious Alpha

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.

FairUser

sr. member

Activity: 1344

Merit: 264

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Quote from: Ebede on May 06, 2021, 03:39:59 AM

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.

Ebede

member

Activity: 868

Merit: 38

Join hands and help me to grow everybody...

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.

rajakulam

full member

Activity: 616

Merit: 102

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.

Topic: Sold my first Bitcoin and am happy - page 4. (Read 2546 times)