Topic: Bitcoin regret story, Need advise! - page 3. (Read 600 times)

You should not be depressed and desperate to invest in Bitcoin, the risk is always there, as you say, not everyone is lucky.

There is not much you can do right now, because the price of Bitcoin in the market is getting crazy, you need to be calm and think what is best for you.
Suggestion:
• for now you can trade / hour and day, the most important thing is that you monitor the movement of Bitcoin at any time and your confidence in doing so.
• I think the current Bitcoin price has not reached its true peak, there is still further movement.
• Currently, Bitcoin price has fallen 2.58% to the level of $ 39,590 means that you still have the opportunity to buy and continue to monitor the movement at the lowest level.

For that you must have expertise in monitoring charts and the development of market volume in determining and making buying and selling decisions which are basically trust.

We all do make mistakes, gladly take it as a lesson learnt.
There are common pieces of advice that are usually given to newbies and traders who have plans to buy or invest in Bitcoin, I just want to list a few of them that could have saved you from the mistake you made.

1. Avoid FOMO (Fear Of Missing Out). If Bitcoin's price spikes, and you haven't bought it yet, just let it go, there will always come another opportunity to buy it when the price corrects. In your case, you probably bought Bitcoin when the price was already high and was about to start correcting.

2. Always buy the Dip if you want to enter the market - Whenever the Bitcoin price drops massively, that's the best time to buy. I know at that time, it's so hard to enter the Bitcoin market because most people will be panic selling and exiting, but history has it that it is the best time to enter the market. The perfect example is what happened in March last year. Bitcoin almost touched $4,000 at one point. Anyone who bought at that price range and held on to their Bitcoins up to today has multiplied the value of what they invested in by almost 1000%

3. Always use amounts of funds you can afford to lose. This can help you not to panic sell at low prices when the market dips below the level at which you bought your Bitcoins

4. You have got to have patience at times. When buying or investing in Bitcoin. Don't look at a few months in order to make profits. Sometimes it can even take years. For example, we have had to wait for over 3 years in order to see another serious bull run since 2017

I don't really know what's your financial status right now and if I do I can't still really advise but all I can say is push forward and try again when you are ready. but you should make it a habit to always invests what you can afford to lose(just like in gambling) so you won't be panic selling when the price started going down.

anyway for those who might be curious what the last sentence is. "Sana all" is a popularized phrase in the Philippines means "I hope all" and to complete the OP's sentence "I hope all have a bitcoin right now."

here's a link of urban dictionary definition of the word "sana all" https://www.urbandictionary.com/define.php?term=Sana%20all

The events that you experience illustrate that panic can make us unable to control our minds in a healthy manner. what you do is common in cryptocurrency trading. However, make it look like when you drive and look in the rearview mirror. can see the rearview mirror but occasionally, because you have to focus on the front. The point is to regret what happened because you lost some of your profits selling bitcoins, and this will educate you not to do it again in the future. bitcoin is not weak in the market, in contrast to altcoins that only rely on FOMO and HYPE at that time, bitcoin can be used as an asset for the long term. at least you have that point of view. Then the simpler suggestion is when you enter the market and it's bearish. It's better to close your computer screen, and walk away.
than to stare at the downward price movement which will only make the panic feel even bigger.

There’s a saying that there’s no point in crying over spilled milk because you can’t go back in time and do something different. Life is made up of good and bad decisions, and I’m sure everyone has made a bad decision sometimes, but what’s more important in everything is to learn something from such mistakes.

I guess the time you sold was that 50% drop in March last year, but there was quite enough time after that to get back in the game - unless you spent all the money? I don't want to give you financial advice, especially if it's wise to invest in BTC at the moment - but if you believe that one day it could reach a price that would be x times higher than today, then decide to start anew and try to think positively.

It may not be something that will completely make you happy, but at least you sold your BTC (regardless of the price), unlike those (and there are a lot of them) who became victims of hacking, various scams or in some way lost access to their wallet/backup.

I had love bitcoin ever since when it was being introduced to me by a colleague. I easily understand all the basic in cryptocurrency and that made me get excited even at first planning to invest with bitcoin. Yes, I did gets too much excited and invested in it on some of my earnings specifically from the real estate commission I made during the time when I was a part time real estate agent.

To cut the story short, I was seeing bitcoin as a way to learn more about financial freedom and financial literacy. Bitcoin for me was the perfect medium to achieve my goals on financial freedom. I have been dreaming like anyone else here that are not working but are earning through bitcoin investment.

However, all failed and I did not achieve or reach my goals. I end up into miserable decision making and are afraid because I stake my earnings that when the time bitcoin was crashing I end up selling it minding that bitcoin will going to end. It was like buying high selling low and that made me miserable right now. Why? It is clear that if I only hold bitcoin I can earn 7x of my money being invested. I can even build my dream house in the profit that I could get.

Now, it is a hard lesson to learn. I regret and hopefully there will be another day that bitcoin will be like this in the future.

For those who manage to earn huge. Congratulations guys! You did a great job.

BTW, could you make an advise to me on what to do right  now? I'm a little bit depressed.

Sana all merong bitcoin ngayon!