Topic: How I handle crypto regret - page 11. (Read 3471 times)

For all your experienced regrets I would say your fill it with good positive out come by having the right bleed on how earn more and get back form you regret by making the right decision in the future which we should know TO MEKE IT POSITIVE.

I would like to say it that is it and summarize it, LEARN FROM YOUR MISTAKES let go of the negative past make a future, your future positive and none regretful.

I have also met you, I was wrong to sell pennies for cheap. and at present prices have risen very high. I regret and I try to forget them but still not. I did not look at them anymore, and now I'm used to it. Do not worry about that coin and expect the future to get more potential coins.

The fact that before nobody had an idea that bitcoin will be a hit in the future so they didn't believe to it but now that we already saw what bitcoin can do so there's nothing to doubt and no reason not to buy bitcoin. Like don't miss this opportunity as we all have the chance now not to be regretful in the future.

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.

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.

regret will not help us to get out from the bad situations and only makes us become sad in everyday. we need to change the situations and say to yourself that we can do more to fix our lose before and we can always makes a profit. without doing this, we are only getting sad without any chance to get up for tomorrow. there are no one that could help us except yourself and we need to try over and over no matter it is hard.

I found the op perspective refreshing. In addition to all that has been said, I leave by the maxim that says ant profit is a profit, it doesn't matter how small it is if you are in profit , you have gain something and you should be happy and proud of your accomplishment.

When I have just started crypto I from beginning have prepared myself to that feeling, lol. If you are ready to that, you wont regret a lot.

It is okay to regret for some time just make sure not to regret all the time, because if you are regretting most of the time then this means that although you are seeing a good opportunity still you are not doing some things for you to earn and it is not good as a trader/investor.

That's exactly the reason why I have started to make trades for about 5% where before I had consider them "not enough".
5% gained are 5% gained that won't be taken from me.
If there is more profit to make I will make it and unti that time has come I continue to make small profits.

A lot of people are regretting actually right now since they don't value what they do have and just take this forum for granted until the merit system has come, anyway there is always a room for improvement, it is  not yet the end of everything so I don't think that we should regret things.

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.