Topic: Have you ever regretted selling your bitcoins ? - page 5. (Read 1629 times)

Yes, if you look at my journey so far, then I will regret selling the bitcoins I have so far. However, in the course of life, we have conditions that make us sell the assets we own to meet life's needs, and that was the decision I took at that time. Although I regret it, it will not happen again. So, all I can do now is try to collect it again, and try to hold it again for a long period of time.

i used to hold XX BTC back in  mid 2016. after beeing down for almost 2.5years i finally break even and 3y after my first purchase i was up about 50% on my initial investment. Even though I alrdy understood its potential i decided to then cashout on my initial fiat investment and keep only my profits in. meaning i had sold about 2/3 of my btc holdings. through the bullmarket in 2017 i managed to collect some more satoshis but never the amount i used to have. Do i regret selling? yes. I didnt need the money. i didnt need it for school, no one got sick, i had almost the same amount in FIAT on my bank account laying around. i sold my btc with 50% profits after 2.5y of waiting just for it to do 2800% the following 12 months lol.

Today i could have sent most of my family into retirement instead im here still hoping to one day get back to the BTC amount i used to hold via altcoins but all it essentially did was burn more btc's lol. If it wasn't for my early investment in BNB i wouldnt be close to break even but more like down a lifechanging btc amount

For everyone else who used to hold btc and hat so sell them all or partially, if it changed their life they should not regret it. Thats the point of it to change people's life. wether that be surgery costs cause you live in country without healthcare for everyone, or a house property business opportunity whatsoever doesnt matter.

I think its important to not overleverage urself into it, if you're young like i was back in the day, it might still be a good idea to just go all in now , even if it wont work u still have ur entire life ahead of you. But if you're 60 and u always dreamed of owning a house or whatever and couldnt do it till now unless u sell ur btc, its completly understandable that one might think about selling his precious btc.

when you sold your bitcoins, you probably needed the money badly. And it is best to sell Bitcoin in times of need and use the money without any regrets later. Because after you solve the present problem and survive, you can later recover losses of your past. So you should never regret selling something if necessary.

I have gone through it all... I sold some too early, I had to sell some too early and I lost some or got some stolen many years ago. It wasn't that big of a deal, but still very painful. However, if I look back now it probably cost me an invaluable fortune down the road. When some of my BTC got stolen back at the time, I was so frustrated that I turned my back on Bitcoin (and this forum more or less) for quite some time. I also was offered a new job, quite well paid and I thought it would be safer to take the opportunity, stick with the job and save that way. In retrospect, I sold some of my BTC too early. Some of them because I made a bad decision and some of them because I needed some liquidity.

But there is nothing you can do about the past. The hack was stupid as I am IT literate enough to set up the required security measures, but it was negligence on my part. The sale of some BTC, I sometimes think about that but I guess I am one of countless of people who would now say they sold way too early. It is also a question of the overall exposure and where someone is coming from.

If you are filthy rich, then you are probably less likely to run the risk of selling early. There is no need to take those 200% or even 500% ROI when there is enough of a monthly income stream to live a great life. But for someone else, like me, I couldn't ignore these ROIs. I couldn't ignore it because from some other minor investments I had, I was used to making some % here and there and I wasn't a penny stock trader or something like that.

So yes, I sometimes do regret it, but I am not in a bad life situation. I can't complain. I think there are people who feel worse sometimes, especially when they face some financial obstacles that they would otherwise not be facing today.

Oh yes I definitely regret my decision of selling my BTCs back in 2017-2018.

Back in those years, 0.0075 BTC was only around $5-$10 at that time. I was earning that amount of BTCs weekly from different campaign signatures and I used those money in order to purchase study materials back in college. In hindsight, I should have definitely saved at least 50% of those BTCs as I was not expecting its price to reach our current price of ~$41,000.

Moral of the story: Always anticipate that the price of BTC may increase in the future. Given that there is another fork happening in a few months from now, it is definitely recommended to HODL your BTCs either for short or long-term investment.

Sometimes it appears in my mind "What if I hold my Bitcoin until today, I may be gonna rich already". But honestly, I do not regret selling my Bitcoin in the past because it was also used for some important things. It is somewhat to say that not all the time we just hold, sometimes also we need to let go for some reasons. Maybe, if we only knew that Bitcoin would reach $60k, $50k, or at the current price, I was certain that many people would hold but because we're not, we simply just take the opportunity given while it still has high value.

Well, crypto investing is not just all about holding but also selling, so we don't need to regret it unless we sell it low.

Nope.

Instead, I am so proud since I can buy all the things I want and especially my needs without asking money anymore from my mom since I was 20 years old. We're not rich, not even in the middle class, that's why I knew that she appreciates it big time that I'm helping her with something. Bitcoin is money, since we should convert it first to fiat for us to pay our bills, buy foods, clothes and other things that we need.

I don't spend it on my wants, but mostly on my needs so I don't regret anything 'till now.

That's easier said than done these days since BTC price is pretty high due to which it's quite tough to purchase even a single BTC and HODL it for the long-term. It's a whole lot easier for whales basically.

That's completely understandable. I do the same whenever required honestly speaking and it's what most crypto investors do.

I don't just sell my Bitcoin needlessly there must be cogent reason for the sale thus I have no regret for selling some of the coins, there are times when I had exhausted every possible means to get some fiat to pay for some bills, buy important stuffs etc I had no alternative than to resort to selling some Bitcoin via P2P, of course if I had I other means of solving those financial needs yet I didn't utilize it rather sold some of my Bitcoin it would have been a big regret to me, moreso it is a privilege to among or being a Bitcoin enthusiast it has opened a door of opportunities for me and solved a lot of financial issues that I had no other means of solving.

Like my experience in the past I thought Bitcoin would not be this great, plus at that time unstable needs required me to take advantage of every profit that had value to cover my needs. We often come across many stories of regret due to selling Bitcoin early. However the past is still the past and from there we can learn valuable lessons to be able to restrain ourselves and have other anticipations such as looking for alternative income other than investing in Bitcoin in the long term. Everyone now has their own investment plan and their own method for continuing to have a share in holding Bitcoin.

Although I have known about Bitcoin for a year but I have come to the Bitcoin forum for less than a year. I don't have any memorable events that I currently regret. But I regret it now because at the moment I have to sell bitcoins to pay for the family sometimes. Because we know that bitcoin will generate its new ATH very soon if I can hold the bitcoins without selling then I can make a lot of profit during my bitcoin new ATH.

Each of us has a story about how he sold earlier than he should have and the coin began to rise. For some it was Bitcoin, for others it was Ether, this is not so important, the most important thing is to understand what the mistake was, why there was such a decision to sell earlier, draw conclusions and never repeat it again. First, we must gain enough experience to be able to retain and increase even greater funds in the future. It was difficult to understand then, but now when you understand it all, it becomes easier.

First of all, thank you.
I completly understand you, my case it is very similar. But you know what!  WE still have time to correct our old mistakes by HODLing !!!

Agree. If we sold our Bitcoin for something unnecessary, it is normal if we will regret it. But if we sold our Bitcoin for urgent needs, we mustn't regret it because we have done the right decision. So, it depends on what the purpose of selling the Bitcoin and what for the money got from selling it. For example, if there is our family member who needs money because they want to go to the doctor, but we only have the option to sell our Bitcoin. I think selling Bitcoin is a must in this situation. We don't want there is a bad thing to happen with our family members, so we must help them by getting the money from selling the Bitcoin.

Probably, you regret the first time you sell your bitcoin since you still don’t realize how valuable it will be in the future. And I believe a lot of us have been through the same situation but as we keep on buying and holding, we realize that selling is not actually a wrong move, we all need to sell to be in profits, even if it’s only small profits. The thing that we should be regretting is that if we sell at a lower position than what we bought it, it’s really something that will make us frustrated at some point.

When you sold Bitcoin, I don't know what you sold it for. But if you sold bitcoins for your own luxury at that time, it is normal to regret it. And if you sold for your family problems or some important work then there is nothing to regret. Let me tell you, if you are ready to invest right now then you can start again. And by investing in Bitcoin you try to hold for the long term. Long term investment in Bitcoin will never let you down. Because Bitcoin is one of the most high-value currencies in the crypto market. You have proved it yourself through your regrets.

This is something that you wont really be able to easily forget on the time that you have missed the opportunity on becoming rich on which you would really be keeping on thinking
with those "What if?" kind of line into your mind on which this is something that most people will really be thinking and imagining about being rich with those previous holdings but its true
that this is really that situational because we do know that its never been something simple on making decisions yet who doesnt really like on becoming rich?

There are really indeed situations on which there's no choice but to sell out those tokens for good specially if its an emergency where life is at risks then you wont really be having those
kind of doubts when we do speak about family's safety or whatsoever those kind of situation on which you do see that it is really that something that you would really be
needing to make such kind of decision.

I can't lie, I really regret that I sold half of what I got from my campaign fees to meet my needs, if I still held that then I would have had enough bitcoin, but everyone has their own financial difficulties and I sell to help with my monthly expenses, if I have enough income to cover my and my family's monthly expenses then I don't need to sell half of the bitcoin I get.
In fact, every Bitcoin holder must have a target price at what price he will sell his Bitcoin because that is what investment is needed for, if he doesn't have it then the investment he made is in vain.

Great post op! I definitely regretted selling some of my stash which was around half of its value sometime back though it's alright since I didn't really lose anything and just missed out on bigger profit.

I feel for the people who sold their BTC when it was far lower in value many years ago honestly speaking.

I don't regret selling Bitcoin when the price is low but it is not unusual to regret it when the market is bullish. Because if we could hold till that time then we would get more money with Bitcoin. People sell bitcoins for two reasons, one is to fulfil their basic needs and the other is to get a chance to sell at a higher price than if they bought at a lower price. Those who sell bitcoins to meet their basic needs will have no regrets in selling bitcoins but when someone sells bitcoins for a small profit there can definitely be regrets in selling bitcoins.