Topic: Sold my first Bitcoin and am happy - page 5. (Read 2537 times)
I have sold many small amounts of bitcoin I have earned here and earned by managing some mining rigs for some colleagues.However I have accumulated a lot of Bitcoin from my personal mining rigs and I have HODL it since end of 2015 and never have been tempted to sell.I will sell only at 100.000 Usd for a Bitcoin as a minimum.
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).
It's usually relieving when you sell a bitcoin you have been hooding for a while ,it gives this sense of investment and control over it
However, I also feel like its broken the "HODL AT ALL COSTS" mindset which I felt was getting a bit unhealthy...
Basically, I'm glad I sold some if only to stop feeling like a slave to it
It's great you've broken loose of that mental chain. Honestly, I don't get the hang of it when people advise others to hodl at all cost. At some point those who are wise should be able to sell off, watch the market and then take advantage of any dip to biy back and increase their stash. Hodling without selling at all even when obvious signs of a dip show, isn't a wise thing to do. It's a fear mentality that causes people to perpetually hodl. It's FOMO. Basically, I'm glad I sold some if only to stop feeling like a slave to it
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.
He was tough enough to go through the ups and downs! It wasn't really easy as Bitcoin is so crazy and doing whatever you can't anticipate. At the same time it is fun because where else do you get so much excitement when you are invested in something? Bitcoin is so much fun man!
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 don't have my notes but I found other things that gave me clues. I started my journey in 2015. Sold my first BTC with happy face but not afterward. So, not every sellers can feel happy. Take me, I've lost almost 3x due to selling at low cost. You'll be laughing at me. Literally I feel no excitement selling my bitcoin share. I know BTC has a bright future, even though transaction costs to transfer is high. At least I'm trying to be honest. Bitcoin is a good choices to begin building positions in and the price that is not much.
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).
Many people will tell you that you sold too soon, so ignore them. It's fine if you're content with selling a portion of your bitcoin. 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).
5%, that will be some good profits from what your initial investment was back 3 years ago and that is a good thing to do. I believe it makes us have this sense of fulfillment about our investment and also gives you the drive to continue to try to accumulate more in every way possible.
I think your decision to sell bitcoin is right, you only sell 5% of your total bitcoins. You've kept it for 3 years and now you get the benefits. every day the price of bitcoin is unstable so when the price goes up we have to take profit and buy it again when the price goes down.
I was very excited to sell my first bitcoin. That is the effort that I put a lot of effort to achieve. I will try to create more bitcoins than that. Once you have determined and worked hard, success will come. Hopefully I will sell more bitcoins in the near future.
3 years ago, Bitcoin price was very low. You must be very grateful to get that high profits.
Many people may also have this legit experience of getting high profits from holding the BTC. That is the power of BTC, whoever being patient and trusts BTC, will harvest the legit results.
Unfortunately, I only have a very small amount. But no problem I am also still thankful enough
Many people may also have this legit experience of getting high profits from holding the BTC. That is the power of BTC, whoever being patient and trusts BTC, will harvest the legit results.
Unfortunately, I only have a very small amount. But no problem I am also still thankful enough
Three years ago if you invested in Bitcoin, some out there decided to go all in based on their instinct, they deserve to b outstandingly rich. Many were hesitant and it is still not obvious what Bitcoins worth is, but what is obvious is that it does matter by now!
3 years ago, Bitcoin price was very low. You must be very grateful to get that high profits.
Many people may also have this legit experience of getting high profits from holding the BTC. That is the power of BTC, whoever being patient and trusts BTC, will harvest the legit results.
Unfortunately, I only have a very small amount. But no problem I am also still thankful enough
Many people may also have this legit experience of getting high profits from holding the BTC. That is the power of BTC, whoever being patient and trusts BTC, will harvest the legit results.
Unfortunately, I only have a very small amount. But no problem I am also still thankful enough
Holding bitcoin for 3 years is good because not everyone can last this long, especially now that there is so much FUD news about bitcoin that some people panic so they sell their bitcoins too early.
In my opinion, it is not in vain for those of you who have been holding bitcoin, of course, now you have got a big profit.
There are only two types of people who do make out investment on bitcoin neither;In my opinion, it is not in vain for those of you who have been holding bitcoin, of course, now you have got a big profit.
-Those who sell off actively
-Those who are holding it no matter what the market condition would be.
One of the most common scenario when you do deal with bitcoin or the entire market on where you would really be having those kind of doubts but if you do have
set out your plan in stone that you wont really be selling no matter what then you should stick to it no matter what.
I'm glad your name for the transaction. Sometimes even the smallest thing we do on our own can make us very happy and motivate us. It's like starting work and getting something for yourself with your first salary. To manage your investment with peace of mind and to be happy with the money you get from the sale. I wish you a lot of profits. I wish you more.
Holding bitcoin for 3 years is good because not everyone can last this long, especially now that there is so much FUD news about bitcoin that some people panic so they sell their bitcoins too early.
In my opinion, it is not in vain for those of you who have been holding bitcoin, of course, now you have got a big profit.
In my opinion, it is not in vain for those of you who have been holding bitcoin, of course, now you have got a big profit.
I haven't sold a bit since 2013, not a single satoshi. Sometimes it's hard and the temptation is high but I'm still HODLing, I do have patience that's for sure, will probably sell 10% in 1-2 years who knows
Congratulations to you and I’m pretty sure it was worth it when you withdrew 5% of your holdings. I, on the other hand have been holding my Bitcoin for 3 years now too and I might be selling some of it when my daughter graduates this May and maybe have her hold some of it for future use.
We are dealing with a daddy here, that warms up any heart! I hope so much for you that Bitcoin allows you to be the generous dad you would like to be on such an occasion. If you don't have that much Bitcoin or cryptocurrency, it doesn't matter. You recognized the trend! Teach your daughter to recognize fundamental developments and she'll be doing well. Have a great graduation and if you like, tell me in PM where you are from!
Congratulations to you and I’m pretty sure it was worth it when you withdrew 5% of your holdings. I, on the other hand have been holding my Bitcoin for 3 years now too and I might be selling some of it when my daughter graduates this May and maybe have her hold some of it for future use.
It's always advisable to keep holding, but each case is one case and each investor knows his investments better than anyone else. Furthermore the most important is to be satisfied with your experience dealing with bitcoins, selling it or just holding. So if you are happy for selling some coins, that is awesome.
It's really nice to see you bought it at a cheaper price and was able to turn it into big profit. And the best part is that you still have 95% of your coins under your total control. Bitcoin is really a great invention!
It's really nice to see you bought it at a cheaper price and was able to turn it into big profit. And the best part is that you still have 95% of your coins under your total control. Bitcoin is really a great invention!
On what grounds do you decide to advice someone to always hold? Always hold and never take profit. Just keep Bitcoin until you die. Even if you could have a great life selling it, hold it. He is happy because he made a good profit and can now afford other things instead of the Bitcoin. He values other things higher than the potential for that portion of Bitcoin to further go up. That is a reasonable consideration and not narrow minded like hold forever.
It's always advisable to keep holding, but each case is one case and each investor knows his investments better than anyone else. Furthermore the most important is to be satisfied with your experience dealing with bitcoins, selling it or just holding. So if you are happy for selling some coins, that is awesome.
It's really nice to see you bought it at a cheaper price and was able to turn it into big profit. And the best part is that you still have 95% of your coins under your total control. Bitcoin is really a great invention!
It's really nice to see you bought it at a cheaper price and was able to turn it into big profit. And the best part is that you still have 95% of your coins under your total control. Bitcoin is really a great invention!
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