The Bitcoin is yours and you followed your mind. That's very cool with me too. I always sell out my capital whenever any of asset is pumping. This has been my way, people are around me knows that.
So your decision is not a bad one. I wish, I bought last 3 years like you. Enjoy the ride!
Topic: Sold my first Bitcoin and am happy - page 8. (Read 2537 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).
Man, you have my respect for HODLing your bitcoins and for fighting the green on the other hand. I bet it was very tempting given that the price of bitcoin skyrocketed in the last 4 years.
While HODLing may be a great technique for "long-term", such time-frame is relatively subjective depending on your goal. As you have determined that today is the right time for you to cash out your investments, you have won the battle and you definitely deserve the rewards that you will reap today. I do wish that I have the same mindset as you mate!
There is no loss if you have the patience to hold on to the crypto. Proof is you. If you can hold on to any real project. Then it is possible to bring 3-5x profit effortlessly. Hold policy is not possible by everyone.
Don't worry if you holding bitcoin although the price fall. I think the real risk is when we can't control our emotional feel when bitcoin price fall, so we feel that maybe we will loss our money. But it seems that that is the wrong mindset. I think to solve this problem we can look at the world changes, look at where we are going now. Day by day online transaction is increases, of course it is good for bitcoin. Actually I also sold my btc but I sold 100% of it when the price rise then I will buy it again when it price is cheaper. I don't feel like I am being a slave only because I holding bitcoin, because I consider it just as one of my investment that is profitable.
Some people hold,some people wont because of personal preference.It is right that i do feel out that kind of being slave when you are just simply holding and waiting up for some pump.Im a type of person who arent really that patient on waiting for too long but rather i do chose to play with these moving prices even on small scale where you can actually
profit if you wanted to.
When it comes to profit taking then this do really talks about on your own decision.As long it do benefit you out and able to buy on what you want then thats already considered as an achievement.
It is really giving out that happy feeling inside when you do sell off and have those success moment.
Don't worry if you holding bitcoin although the price fall. I think the real risk is when we can't control our emotional feel when bitcoin price fall, so we feel that maybe we will loss our money. But it seems that that is the wrong mindset. I think to solve this problem we can look at the world changes, look at where we are going now. Day by day online transaction is increases, of course it is good for bitcoin. Actually I also sold my btc but I sold 100% of it when the price rise then I will buy it again when it price is cheaper. I don't feel like I am being a slave only because I holding bitcoin, because I consider it just as one of my investment that is profitable.
Thats excellent decision to sell bitcoins that are sleeping in your wallet for around 3x years. This is best time to sell bitcoin specially if you have bought bitcoin under 15k. You still have 95% in your wallet, I suggest better to sell at current price.
You proved that line which is bitcoin hold for life not for life time. Yes you proved it. And by the way congratulations for you huge profit. Though you say you are in profit and you still hold it. And you also share a thing that anytime you can take back your money for your need. Anytime means anytime which facility you can not get in any bank or somewhere. Only crypto platform has that chance. Its just a matter of time. And we should appreciate him and thankful to him because by him all new users will be inspired to work with bitcoin.
It's nice you actually held for 3 whole years and didn't panic sell during the dump last year, it's paying off really well now, it good you took out your original investment, now it's just your profits left, nothing bad in taking profits after all we can't hodl forever, I just hope you can hold on to the rest till bitcoin hits $100k, trust me you don't want to miss out on that cause its going to be wild, nevertheless sell while you are still in profit not when you are in loss, you should know what that means.
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.
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.
What has worked best for me is spending 20% of my monthly earnings buying every month, regardless of the price that Bitcoin has at that time.
The self-confidence you have can certainly be an example for everyone, if investing in crypto, of course, will always provide unexpected surprises in the future. three years is certainly a long time. Someone who is inconsistent will easily panic and feel frustrated when facing a continuing downward trend towards market prices, they will think short by selling their assets even if they only get a small profit or vice versa for fear of its value will decrease. but of course with the patience that you have held for three years, now you can enjoy the benefits and feel very satisfied from the 5% of sales you are currently making.
The self-confidence you have can certainly be an example for everyone, if investing in crypto, of course, will always provide unexpected surprises in the future. three years is certainly a long time. Someone who is inconsistent will easily panic and feel frustrated when facing a continuing downward trend towards market prices, they will think short by selling their assets even if they only get a small profit or vice versa for fear of its value will decrease. but of course with the patience that you have held for three years, now you can enjoy the benefits and feel very satisfied from the 5% of sales you are currently making.
Enjoy now as you deserve whatever you are gaining, valuing the process of investment is really a tough
job to everyone, most of the time when certain downfall continue to comes up and hurting your investment,
the next thing you see is you are already following the fuds selling in fear that you will lose everything, but
that's different with OP and now the end results for him remained positive.
5% profit for you is very good for now. I think you should try to be able to do the same sometime later. I appreciate your work, if you can increase your profit to reach 10% or more. so this may make it easier for you to get bigger profits
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.
Woah! You're really patient to wait for three years, and I'm glad it works out in the best way for you! I bet even that 5% already earned you a lot of profit, since the price skyrocketed really high from three years ago. Too bad, I already sold most of my bitcoin, but I understand the feeling of satisfaction. Even recently, my brother said that he found a little "forgotten" bitcoin in his wallet, and the since the price went up, that little amount becomes quite a lot, it's fun, like finding surprise money lol.
That's it. We don't need to complain and blame ourselves for being impatient. We have to know that not all the time we've been right or wrong, and because we decided to sell it at that specific rate and time, we've been thinking it was the right decision but we find it wrong because after that the price went high. So this is to say that not all of us here are willing to wait, not like OP did. I would say OP has a strong faith in Bitcoin and he even not get tempted to sell it during the early pumps but instead he manages to still hold and finally gets what he wanted.
...
You have done good things for yourself and no one has the right to underestimate you...I am not so hard in saying that you have to hold bitcoin that you have forever, you need the opportunity to feel profitable too and you must have gotten a good profit because you have been holding it for a long time. *happy with you
Woah! You're really patient to wait for three years, and I'm glad it works out in the best way for you! I bet even that 5% already earned you a lot of profit, since the price skyrocketed really high from three years ago. Too bad, I already sold most of my bitcoin, but I understand the feeling of satisfaction. Even recently, my brother said that he found a little "forgotten" bitcoin in his wallet, and the since the price went up, that little amount becomes quite a lot, it's fun, like finding surprise money lol.
3 years in holding? That was a long sacrifice but it was paid off.
I'm for sure that only a few people who've been doing this coz it possible that they sell their Bitcoin at the first market rally at $20k, $30k...But you have that strong faith and the situation gives you a favor.
If you saw or studied the last two market rallies then you will understand that a single rally during a bull run does not end there and it will always surprise the investors who had the patience as you will never earn this kind of profit in any other financial market, i did sold some coins once it touched $50k and it was my target for over 7 years and i will get them back if there is a major correction. I'm for sure that only a few people who've been doing this coz it possible that they sell their Bitcoin at the first market rally at $20k, $30k...But you have that strong faith and the situation gives you a favor.
Congratulations on your achievement, it seems like you have gained a huge interest from your investment, those who believe in bitcoin is now earning a good income and that really inspires me more to invest in bitcoin as the bitcoin keeps on going up, I am just afraid because the price of bitcoin is too high and that would be riskier maybe I need to wait for other time for bitcoin to goes down a little bit and then buy for hodling.
If 5% selling could make you this happy, it means you're holding a lot of bitcoin in your bag. It feels good you are gradually paying yourself for been patient over the years to have earned massive through the Bull season. Diversifying your portfolio into other shares is quite awesome.
Yeah, that is for sure, that is really worth of waiting, that is why hodling in bitcoin is really a great thing and will even secure you in the future. Jump to: