Why I Sold My Bitcoin

Why I sold a little bit of my Bitcoin. Just a little bit. The title is just for clickbait.

My conviction towards Bitcoin hasn’t changed. But I’ve realized something: peace of mind is worth far more than any capital gain.

For a long time, I’ve been 100% Bitcoin — no IDR (Indonesian Rupiah) — all in.

Yes, I’m a Bitcoin maxi. I have the highest conviction towards Bitcoin, and that’s still true. If I didn’t believe in Bitcoin with everything I have, I wouldn't have been able to hold through the price swings from $25k to $110k.

The journey is never smooth. There are 20%, even 30% drawdowns on the way. And if you’re in this for the long haul, you have to be mentally prepared for that.

But I came to realize something more important. I’ve been constantly chasing more money, always feeling like it’s never enough. And that got me thinking: What if I’m wrong?

I’ve learned that the most important thing is to be financially unbreakable. That means having a financial position where, no matter what the market does, you’re not vulnerable. You don’t get wiped out.

In The Psychology of Money, Morgan Housel talks about the idea of being financially unbreakable:

More than I want big returns, I want to be financially unbreakable. And if I’m unbreakable I actually think I’ll get the biggest returns, because I’ll be able to stick around long enough for compounding to work wonders.

That’s the issue I see with Bitcoin maxis, including people like Michael Saylor. Yes, he’s a Bitcoin maxi — and he’s taught me a lot. There are Bitcoin maxis who live far below their means, holding only Bitcoin. And for some, that works. I did it too — holding only Bitcoin, with no fiat.

But here’s the reality: people like Michael Saylor can afford to take that stance because he’s financially secure in ways most of us aren’t. He already owns property, a beachfront house, and if Bitcoin were to crash to zero, he’d still have his basic needs covered. He’s in a position where he can continue to live comfortably, regardless of Bitcoin's price.

And here’s the lesson: Bitcoin is a low-frequency asset. It’s designed to store value long-term. But for day-to-day living, you need high-frequency money — money that’s liquid and accessible for immediate expenses.

So, my advice is simple: Get some cash in your bank. Build a solid rainy day fund, clear out small debts, and then build your emergency fund in stronger currencies or investments that can protect you in case of a crisis — like losing your job, for example. This gives you financial resilience.

A rainy-day fund is for smaller, unexpected expenses like car repairs, broken appliances, or any other unplanned costs. For example, if you set aside around 10 million IDR for this, you’ll have a buffer to cover these smaller expenses without going into debt.

Before focusing on investing again, clear out any small debts, like credit card balances. These debts can add unnecessary stress and drain your financial freedom. Pay them off first to relieve that pressure.

Once you’ve handled the smaller debts, the next step is building your emergency fund. This fund is for larger, life-or-death situations, such as losing your job or facing a medical emergency. Ideally, your emergency fund should be about 3-6 months of your salary. This gives you the peace of mind to handle any major life events without going into debt.

Once your financial foundation is solid — with a rainy-day fund, no small debts, and an emergency fund in place — you can then focus on Bitcoin and investing with a clearer, long-term approach.

Once I had this foundation — I stopped checking the Bitcoin price constantly. It was liberating. No more waking up and refreshing the price every few minutes. Well, this morning I still do that as a habit — probably the first thing I check is the Bitcoin price. But no more stressing over every market fluctuation. When you’re financially unbreakable, you can afford to be patient. Bitcoin becomes a long-term hold again, not a daily obsession.

TL;DR

I sold a little bit of my Bitcoin not because my conviction changed, but to be financially unbreakable. This way, I can hold the rest of my Bitcoin in cold storage for even longer, forever. And actually follow what Saylor says: You do not sell your Bitcoin. Stay humble and stack sats.