As the title says I've been struggling to hold my bitcoin for years. I originally started buying the coin in 2011 to use it on the silk road. I remember back when I could buy a bitcoin for about $35usd. I had an account that had a few bitcoins in it but I didn't pay it any mind at the time. Back when bitcoin first hit 1k I had just graduated high school. I thought there was no way it could go any higher for an internet coin. I sold most of my bitcoin and ended up buying my dream car at the time which was a Camaro ss. I thought I made the smartest move in the world and practically got this car for next to nothing (which in hindsight is a depreciating asset).
fast forward about a year from there and then bitcoin hit $20k, I thought it was absolutely insane and I sold my remaining coins. It was all over the news at the time and I thought it was just a big bubble. I always thought to myself that I would be able to buy back in under that $1,000 mark but as you guys know that never happened.
I kept waiting for the dip and then we flew past $20k and went up to $50k. After that happened I was happy and pissed. It really cemented the idea that bitcoin isn't going anywhere and people want it. But on the other hand I probably own one of the most expensive Camaros on the planet. I knew after seeing this that I needed to get back into bitcoin.
I waited for the dip to happen and told myself I was going to keep buying it on the downtrend because I knew I wouldn't be able to guess the bottom price. I managed to get the majority of my bitcoin at $35k.
I told myself that I'm not going to make the same mistake I have in the past. I plan on holding this until I'm old and wrinkly. Even with that being said it's very hard for me to not sell right now. The way I've combated this is I sent aside a very small percentage and I "day trade" with that. The rest I have in cold storage and I've pretty much blocked it out of my mind.
What I'm mainly trying to say is that even though so many people on here claim to never sell it's very hard to do so. All of us have to sell at some point or there would be no point in investing into crypto right?
My advice would be set aside some coins you truly believe in and have a set date when you will sell them or a time frame. If I had a portion of the bitcoin I had almost 10 years ago I would be a very very rich man. Also on the other end of it, don't ever be upset about making a profit but you missed making a potentially higher profit. Yea it sucks but you still made money. Selling my bitcoin and making a profit on it is what has kept me interested in bitcoin. I truly believe crypto is my opportunity to set my family up for the rest of our lives, I don't want to look back and regret it just like I regret selling at $1k.
Thanks for reading.
Submitted November 11, 2021 at 09:06AM by Cullengcj https://bit.ly/3CcFlPk
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