Hey Guys,
Just curious to see who has held bitcoin on this forum for more than 5 years?
And also, if you've sold it, when did you got in and when did you sold out?
Cheers!
I first purchased BTC in 2012. The during 2012-2013, I received a lot of BTC from various faucets and other give-away sites such as Rugatu, Bittrivia and Bitcointalk signature campaigns. Unfortunately, in 2013 I lost around 60% of my coins when LitecoinGlobal closed down. And again, in 2015 I was facing some financial hardship and I had to sell around 75% of my remaining BTC for $200 per coin.
Then from 2016 to current date, I continue to sell some of my remaining coins.
Now I have around 10% of the coins that I held in 2013.
Misconceptions I think many people are having is that holding is the only thing to do once you've invested into something. But that's absolutely wrong. The market price is not continuously and consistently increasing over time. Market analysis is needed in order for an investor or user to make decisions whether to invest or sell at a certain point because that would generate income not holding alone. Profit from holding for years won't be as big as profit from selling at certain price points, "bullish market" times to be specific. The will be losses to some cryptos because not all cryptos are having price increase especially the small ones in this industry.