Topic: Have you ever regretted selling your bitcoins ? - page 2. (Read 1629 times)

There could be regret and there may not be any regret depending on the gravity of the emergency and how important it was.
Nevertheless, the only regret that I believe will be here will be the investor not having provision for funds to take care of the emergency.

This is the reason why it is good to read investment books that provide an insight about to make good investment plan.

Lol. That doesn't mean he/she doesn't have a place in investment the person just lacks the needed knowledge and I believe everyone was once on the same road before learning from it.

If we don't have a reserve budget to live our daily lives, it will be difficult to keep Bitcoin from being sold when we need money. That is why it is highly recommended that when someone invests in Bitcoin, they must also have savings for daily life, because if we need money or when a recession occurs, there is no need to sell the Bitcoin we have so there is no regret when the price of Bitcoin soars high. We are the highest authority who controls investments and sells them, but when we are unable to balance our finances well, investments are the only income we have so that when we need money we will sell some of the assets we own.

The market will always be dynamic and uncertain regarding rising and falling prices, so we need to take several steps so that the investments we make do not encounter problems regarding fulfilling our daily lives. We determine the time for investment and we will also try to hold Bitcoin until it reaches a significant price increase or in other words the next ATH.

Many people are regretting what they did with their bitcoin; some are regretting that they sold it at a loss since they didn't think the price would grow to this level. Many people are regretting their actions regarding bitcoin, but some people are still regretting the fact that they were unable to buy bitcoin early because they believed people could lose money while they invest. If anyone sold their bitcoin because they had to sell it quickly to pay for an emergency or to solve other problems, they shouldn't have regretted it because buying bitcoin has conditions that can result in both gains and losses.

We should let the past go by because, in my opinion, many people who sold their bitcoin early are still considering the current price to invest. We should try to learn from our mistakes and buy now while there is still a good chance to do so. We are still in the right time, so let's be patient and buy so we can hold for a long time.

 
You are correct that life cannot be returned, but you can recover by purchasing more bitcoin. This is a wise decision. However, I would advise you not to depend only on bitcoin and to have another source of income as you may sell it even at a loss. If you have another source of income, still, you won't have to sell your bitcoin in an emergency, which will hopefully prevent us from selling the bitcoin we hold.

If we regret what we have done, of course this is a good thing for us to learn from so that we don't make inappropriate decisions in the future and we have to correct this so that we don't make the same mistakes in the future and will do more. Well, when we decide to sell, of course it has to be in a situation that is profitable, unless we really need it and don't have other solutions that can delay us from selling it.
It's true that we don't know what we will experience in the future and we have to decide what we will do under conditions that can truly benefit us.

When you look at your Bitcoin history and how much of Bitcoin you might have withdrawn or spent, compare that with the current Bitcoin price, you would be wowed at what you might find but, either you should regret? I think not!

Why should you regret in what could have been an only option at that time. What could you ha e dine differently? Was there really a different way?
If there was then, it becomes something regrettable but in the event that they wasn't another way, I think you could look at yourself and see reasons not to regret about nothing.
Your welfare would be just the reason for your spending and that's why you are investing. Having to spend the little you could to keep up with yourself isn't something regrettable.

But it shows how difficult the market can be for investors. You never really know the perfect timing for buying or selling. I didn't anticipate that Bitcoin would drop in price again now and I thought it would keep the positive momentum and rather head towards $50k than towards $40k, but again it came to be different than what I expected.

That is why DCA is a good approach for everyone who wants to be in the market and not be too concerned about single buying decisions. It's the best approach I guess unless someone has a lot of money and wants to get in with a lot of money.

Regret is never something bad and it is all about understand why we are regretting for the decision we made that might not worth it. Once we understand different ways we can make money from investment, we would always look for opportunity to balance everything. I had regretted about selling my Bitcoin as a price that does not worth when I should have made a fortune from Bitcoin investment. That teaches me to be always patient whenever's I am planning or have the intention to sell my holding. We might not know what could happen in the future that is what we needed to be calm and make decisions that would not make us ever regretting.

for me, it's normal that we have regrets especially when we sold our bitcoin hodlings but I just thought that all the bitcoin that I  sold went to the right place and didn't run out anywhere. I really regret every time I remember that day, especially now that the price of bitcoin is so high. Well, past is past, the important thing is that I have learned what to do and prepare the actions to be done in the next years that will come with bitcoin.

Good point.
Everything we have done with consideration does not need to be regretted because in the end it is an absolute decision for us and the most important thing is how we do after that.
The past is over and we just have to focus on what we have gathered now. I don't know if this is an expression of regret or not but certainly I personally have even almost often sold bitcoin alone but I don't really experience regret about it because I already got the benefits I expected before and until now I still think that it is an important thing because apart from it being an experience, things like that are also memorable for changes in my life so I wouldn't say I regret selling my assets at that time.

No one regrets selling his Bitcoin holding in the early years, even if he remained a Bitcoin holder until one of his ATH times, and indeed, Bitcoin prices from 2011-2013 were golden investment opportunities. Still, there are requirements and life circumstances that differ from person to person that may force him to decide on a sudden sale without his desire. Each of us has his own life and the necessary supplies to continue life. Indeed, whoever has been able to hold Bitcoin without selling large quantities of it until now is a fortunate person, or perhaps he has an additional source of income sufficient to pay for all of his life’s affairs without touching a single piece of Bitcoin in the long term.

Naturally, no one knew that Bitcoin would have achieved all these successes now. The vision of its future was almost blurry in the past, and the people who spread negativity and FUD were more than the positive ones. Indeed, the consequences of not making these purchases would have been dire, but the good thing is that Bitcoin is not devoid of opportunities, even if its price seems high now. Let us say goodbye to regret and thank the past for the lessons learned from it.

If you're looking at things financially speaking only, of course you could say you regret selling your BTC.  Who knows what would have happened though.  If I didn't pay off my house and held my BTC instead, what other things would have happened in my life to potentially destroy my BTC holdings?  It's easy to look back and say you'd have more money now if you did this, but you never know the butterfly effect of some things.  Sure, I wish I hadn't spent thousands of BTC on retail purchases and bills back in 2011-2013, but who is to say if Bitcoin would have been a success without early spending, or what the effects of not making those purchases would be.

Those people who sold thier bitcoin, maybe there is something important need that they spend or convert it to cash and that BITC was  well spend and serve its purpose.Bitcoin is a good investment but if you have played well and profited from those ups and down, its a best decision you have made.

If an investor allowed an emergency to arise with the sale of bitcoin (probably with losses of varying degrees), then this only speaks of his lack of foresight and strategic errors in planning. There will certainly be some regret here.
 
Every normal investor should have such a plan B to solve emergency financial problems in order to avoid violation of the investment plan. Which will undoubtedly again lead to losses.

I would say that such a person has no place in investing. This is not child's play, as many believe, and requires a serious approach to any other business related to money.

Totally situational and this is something that we can blame all the time if we do speak about spending our coins because there are really that situations or conditions in life on which it is really that important on saving up
rather than on saving up your coins specially if you dont have the funds left for you to make use of or simply doesnt have any choice. This is why we cant really totally blame out someone on why they have sold out their coins and not be able to save up. Well there are really things in life on which we cant really be able to control no matter how well we do able to make ourselves loving on saving up for long term
but there are really situations in life on which we cant really be able to avoid.

For those who do able to save up then its a good thing and something that beneficial but for those who havent then it would really be ending up on having those kind of regrets but just
like been said but if it is for the sake of our loved ones or important things in life then it wont really be that much of an issue and we can
easily move on.

Right, we should learn to be disciplined but selling Bitcoin for an emergency purpose that needs attention is not an act of indiscipline, and the people you said they won't touch the BTC while they also denied themselves access to the BTC wallet. They already have plan B for settling things that have to do with a financial emergency.
Let's be sincere, if someone has an investment plan and you don't add an emergency financial plan there's no way the person will achieve their investment plan.

You're right. Some people who sold their bitcoin were not patient for the long term, they simply bought it to profit quickly because when they heard that bitcoin was increasing, they rushed to buy because they wanted to profit quickly rather than keep it for the long term, which is not how an investment should be, because anyone who invests cannot simply sell anything they invest in without making a significant profit. You can't just benefit from bitcoin without being patient, and it's all about the long run, but I've seen some people sell their coins for whatever reason because they can't sell them, such as emergence. other individuals simply sell because they are unable to take risks. Because people will be thinking that if they leave the currency for too long, it will most likely drop and they will lose, and no one can forecast how bitcoin will be in the next 5 to 10 years because it can increase and decline so quickly is just to apply your knowledge and profit from it.

regret will continue forever if we keep looking back, it hurts, yes it hurts but what has been sell should never be remembered again, consider our fortune only at that point, and after it is sell let's look for bitcoins again to collect and target at the highest price what we want

Well, if you are one of the long-term holders of bitcoin, even if you are not a rich person in the field of crypto, if you have a goal 5 to 10 years from now, you will save Bitcoin through DCA is for sure in those years of your goal you will be able to save a large amount of Bitcoin if you do it weekly.

And it's also true what others say that those who sold Bitcoin now because of impatience or carried by their emotions are also sure that in the end they will always regret it and for those who think that maybe they are too late, I can say that it is not yet they are late to accumulate Bitcoin.

I don't get it why people would regret selling their Bitcoin?
It is same as asking did you regret spending your money?
If you need to buy something then buy it, if you need to sell something then sell it.
People take profit from selling their Bitcoin or maybe they have other reason for doing it.
But surely they did it because they need to or they want to.

This will depend, actually on what you sold your coins for. Was it worth selling your coins that moment but if is not then it is regrettable because Your investment on bitcoin would have improved. Investing in coins, is a long-term investment that requires patience to yield. Most times it's regrettable selling your coins but such situations are meant occur in other to gain more experience since their is more chances and opportunities to still invest in bitcoin those regrets can be useful.