Topic: Sold my first Bitcoin and am happy - page 7. (Read 2545 times)
Congratulations - at least having sold 5% of your Bitcoins, after holding them for 3 years, you made a good profit and felt the fortune you earned thanks to Bitcoin, I am also against the "HODL AT ALL COSTS" rule. We are real people and should make full use of our successful investments, well, at least 5%.
Good for you man. Enjoy the fruits than just watch them and let them rot later. Hodling is great but not to the extent of letting yourself be a slave to the idea and not even letting yourself enjoy the outcomes of your great decisions. Anyone who says otherwise are just bitter and got in late so do not believe them. Do whatever you want with the fruits of your labor and oamoer yourself along with your loved ones because if not, for what are all of your efforts? Good luck in your future endeavors.
I'm glad for you, frankly. Hope you earn more coins in the future. I hope the number of people who are rich in cryptocurrencies will increase in the future. I hope one day I'll be rich too.
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).
Congratulation! There are bitcoin for sale at this time too well. You are so persistent when keeping Bitcoin 3 years! In 3 years okay Bitcoin increases the erratic decrease that you don't worry and dumping. Now you must collect a big amount compared to the money you spent three years ago. I will learn how to be patient and wait like you. When Bitcoin slipped, I hurriedly sold everything I had so now Bitcoin rose to regret it. It is a lesson for me. 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).
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).
Congratulations! The main thing to remember is that by hodling your bitcoins for almost three years, you've made a profit. Some people can only hodl for months, so if you've been hodling for three years, it means you've bought BTC, particularly when it was $5,000. Then it means that you've profited a lot of money and if 5% of your bitcoin satisfies you then I guess it's pretty huge. 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 recall my first time selling bitcoin; it was extremely rewarding, and I used the money to purchase a high-end pc to continue my cryptocurrency hobby.
Don't feel bad just because you've sold and didn't HODL at all cost because you've gained from 3years of waiting.
It's such a relief, isn't it?! Remember, Bitcoin was created for human beings, not the other way around, so never ever feel being a slave of any strategy or habit you make or any particular approach towards something you think is for your own betterment. Some people are so rigid that they don't sell their coins even when there's emergency, which leads me to believe that why are they even planning of accumulating wealth if they never going to use it when they need it the most?! Crazy world!
Just sold 5% of my Bitcoin that I've been holding for 3 years and I feel satisfied doing so.
wow
Congratulation man!Hodler are the real gainer. For those who have little knowledge of day trading and have a lot of money to invest in long term then it is profitable to buy and hold Bitcoin. Short trading may be done as a part-time job but it is less profitable and riskier, so I always prefer long-time investment.
You have done well holding the con for so long I can proudly tell you that and with this, you have been able to clear some doubt and claim some facts about the coin yourself. Like you said it will be good to buy some coins when you can take the risk. I was very happy when I also cash out
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).
Considering that it is just 5% and you were able to hold your bitcoin for 3 long years, it is not bad decision at all. As you said, you felt satisfaction after doing it although you still felt guilty because you are trying to stick on the "Hodl at all cost" mentality, still it is not a bad thing to give back to yourself after the long time you resisted selling with all your might. You still have plenty left for sure and you are close to the probability of being able to hodl for a long time once again. People like you recieve the greatest rewards in bitcoin because it has never been easy to hodl cause a lot of things are happening in the market each day. 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).
Job well done, OP. I didn't bought any Bitcoin way back when the price was still low but I've stored a little amount of it way back 2017, and I've sold it when it hits $60,000 after for so many years of waiting because of the bearish market, and I am happy as well for my profit, it is worth the wait.
Early adopters profits for sure are way more bigger, but I guess they didn't sold any of it because they are waiting for much bigger All Time High.
Early adopters profits for sure are way more bigger, but I guess they didn't sold any of it because they are waiting for much bigger All Time High.
~
Well the support level from how I saw the price rebound and plummet lately just between 50k - 60k.Once we saw a sure easy breach past 60k, my answer could be a little different now.
Keep hodling their, OP.
For sure if you held more than 3 years, this would be just a piece of cake of hodl for you as well.
Three years is not really a short time. Admittedly, you have a lot of patience. And greed is much less. Because if you were greedy or scared, you should sell Bitcoin only when the price was $30k. It's really unimaginable that you've been holding bitcoins for so long. This is called longtime investment.
I agree. He definitely have triggered discipline. And also he have a lot of patience in selling his bitcoin. I know that we all know bitcoin will pump as usual in the next months but I think his decision is good enough because he earned a lot of money and that was called a super long term investment. I am so much happy about the people who have a lot of patience and I wish I have it back then. I only sold mine in a good price but not as good as it now. I used it in my things that I needed that time and I'm glad that I able to buu those things and still thankful for that price.
I also sold some at 60k recently not for for need only for personal satisfaction. Before that, last sale was in 2015 when I sold it all to buy an apartment.
Then I started accumulating again when it was about 200 USD
Then I started accumulating again when it was about 200 USD
At least we have to use our BTC to satisfy or fulfill our necessities before we die. A currency should be circulating in the market so the economy condition can be better. I sold 100%of my bitcoin few weeks ago, usually I sells my btc and use some of the profit for my self then buy more bitcoin when it's possible.
It is extraordinary that you last 3 years in holding your bitcoin, with the results you get, you will get the self-satisfaction that is needed in every area of life can be fulfilled. After selling existing assets, I personally know from the beginning
and using crypto trading I will hold some of my funds for a long time but for some reason I can't do it. Still trying to hold back, but somehow every time I saw a 30% profit I would immediately sell it.
and using crypto trading I will hold some of my funds for a long time but for some reason I can't do it. Still trying to hold back, but somehow every time I saw a 30% profit I would immediately sell it.
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).
You were just being wise on how you handle your investment in BTC and it's actually a good idea to take profit to invest in other things such as stocks. It's your money after all and you'll be the one who will decide if you make the right decision or not. As long as you're happy and satisfied with what decision you've made, then it's probably the right thing for you to do.
I am someone who made the mistake of selling BTC at extremely low rates (~$200 per coin in 2015). My advice to everyone here is to hold on to at least 70% or 80% of your coins for the long term (i.e at least until 2024). With all the stimulus measures and welfare splurge by the governments, it is just a matter of time before ordinary people use Bitcoin to protect their wealth. Once that happens, BTC can go to very high levels, even beyond the dreams of the majority of the users. We have seen the exchange rates increasing from $0.001 in 2009 to $61,000 in 2021. We can wait for a few more years, so that the exchange rates will touch 6-digit figure.
Don't feel sorry and feel like it was a mistake when you sold BTC for $ 200. it's your decision to sell it. Nobody expected BTC to be this high. Even when you keep 70% of the total BTC you buy at low prices, it will sell out when the price is high enough you think.It all depends on the original intention when buying BTC. If your goal is to hold on to it for years and keep sidelined, you will certainly enjoy the results today.
At least in my case, back in 2012 I purchased Bitcoin for ideological purposes. I was attracted by the message of ending exploitation by the bankers. When I purchased my first coins, I never thought that I would profit out of it. Holding on to those coins was my way of supporting the principles defined by Satoshi. But within a few months, Bitcoin started its first major rally. Still I would have held onto the coins. But in 2014 I lost my job and then in the next few months I faced a lot of financial difficulties.
Dude, it's your money. HODL at all costs is nothing but a good slogan to pump us up when the price is dire. But with the current situation of bitcoin being a bit better than the usual, there's no reason for you to feel bad about selling it. Anyway that is your hard-earned money, so we have no say about what you will do with it.
Congrats by the way. Not everyone had saved money last 2019 to buy bitcoins themselves. Enjoy it, and spend it wisely.
Congrats by the way. Not everyone had saved money last 2019 to buy bitcoins themselves. Enjoy it, and spend it wisely.
5 percent of bitcoin is nothing and its good if you sold it at a profit. If you know some tricks about trading, you can sold 50% of your holdings at resistance level and buy back again when bitcoin falls a bit on the support level. This way you can increase your bitcoin holdings.
Thanks, yes, looking at maybe doing a bit more swing trading.
The only trouble is staying within Capital Gains Tax levels so I may try that but with a lower percentage. I'm not that worried about paying tax, but I like to stay under the radar.
What would you say the resistance level is right now? Just under $60k?
And the support level $58.3k?
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).
5 percent of bitcoin is nothing and its good if you sold it at a profit. If you know some tricks about trading, you can sold 50% of your holdings at resistance level and buy back again when bitcoin falls a bit on the support level. This way you can increase your bitcoin holdings.
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