Topic: How I handle crypto regret - page 10. (Read 3447 times)

This happens not only cryptocurrencies but in everything else, people instead of taking responsibility for their mistakes and trying to learn from them they always try to find an excuse or someone else to blame and when you do that there is not a possibility of personal growth anymore, this is why you see those people making the same mistakes over and over again.

Good advice mate. The problem with some people is that they do not make their mistakes as lesson but instead they do it again and blame other people why they are losing. Instead of changing themselves for the better, they would just turn to other people and blame others who are manipulating the market. We know that the market is full of manipulation but if we can have a strategy and be expert with it then we can eventually counter those problems in the market and make the odds in our favor.

don't be too focus on the mistake that you are Made but you should focus how to Made that mistake as a lesson. Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

Regret is an inevitable state of mind in crypto at one point or another:-

why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.

I have a couple of strategies here to help me dampen the feeling of regret.

1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.

If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.

Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.

2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.

Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.

Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.

Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.

I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.

I would just try to remember that I loose a thousand opportunities everyday, and so this is okay. I cannot handle all of them.

Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

People regret today for not buying BTC when it was 100 dollars. I regret of not buying BTC last year when it was 1000 USD and if things continued that way I bet people in coming years will regret of not buying BTC when it was 10,000 USD. We should look forward rather than regretting what we haven't done, as life is full of opportunities.

I would just try to remember that I loose a thousand opportunities everyday, and so this is okay. I cannot handle all of them.

due to greed, high expectations but not dare to risk. So regretted him, but never regretted the past. We can not predict exactly the future market trend, please moderate yourself. Do not over-expect them to regret it.

This is correct, there is nothing we can do to change what we did or what we did not did, so there is no point in focusing and to keep thinking about it, what you must do is to concentrate in what is in front of you so you do not experience those feelings again, there is nothing worse than to lose an opportunity that you have in front of you just because you were focusing on the opportunity that you lost in the past, so concentrate in the now and in the future because those are things that you can change unlike the past.

There's a famous phrase that bitcoin is the biggest regret. That's right, whatever we do, there's no escape. That's why we have to make our own decisions and take the consequences. I hope everyone gets what they expect.

There is no use in regret, don't feel sorry for the opportunities you have lost.
You can't know what it would be if you have made the different decision so don't think about it anymore. Move on and think what could be done in the future and how could you avoid mistakes in the future. Don't live in the past, there is no use of it.

yeah, the hardest part is when we want to forgive yourself and accepting the loss of money in the market. maybe it will make us frustrations for the first time but I am sure that if we keep trying to do this, we can accept our mistake and trying to avoid the same mistake. regret will always come to us in any aspect especially in trading but the problem is how we can avoid regretting for a long time so we can start to rise back again in trading and we can also take the profit again.

For you do not feel repentant, before you do it you need to think about it before you do it for when it comes down to its downfall you will not regret it

We all feel regret because we sometimes fail to do things the way we wanted it to be. It's a miserable place to live in, don't get trapped with it because the more it's not going to give you a peace of mind. Learn a lesson from it, take action, and forgive yourself. Give up on your frustrations and regrets but not on your dreams.

I would just try to remember that I loose a thousand opportunities everyday, and so this is okay. I cannot handle all of them.