Topic: I regret selling BTC for entering DeFi. HODLing is the way! - page 3. (Read 751 times)
I bet Defi will be forced to re-invent after its first failure in this phase. Same thing happened to Ethereum right?
I think its not a bad move, I believe DeFi is a good investment. It will be a fruitful harvest in a few years just be patient in holding. Been planning on buying as well, its just that I am still grinding some money at the time being. Holding is the key here!
I'm not really sure if I have to hold Defi for the long term, as it's mostly just hype and it's getting lower and lower over time. Defi is good, but I think it is more suitable for the short term, it's like fast food, if we eat it late then it doesn't taste good anymore. For the long term, I prefer BTC or strong altcoins like eth and bnb, these are more promising. 
I think its not a bad move, I believe DeFi is a good investment. It will be a fruitful harvest in a few years just be patient in holding. Been planning on buying as well, its just that I am still grinding some money at the time being. Holding is the key here!
Someone needs to keep an always up-to-date "Ten Commandments of Bitcoin" to straighten people out.
One of the commandments could be:
Thou shalt not buy or shill a narrative-based* coin unless you have a specific reason to think it has value.
Just a fun idea.
* narrative based - see Dan Helds article: The Rise and Fall of Crypto Narratives
One of the commandments could be:
Thou shalt not buy or shill a narrative-based* coin unless you have a specific reason to think it has value.
Just a fun idea.
* narrative based - see Dan Helds article: The Rise and Fall of Crypto Narratives
I really don't understand why people get greedy and invest in various shitcoins and scams such as the DeFi. Bitcoin has given almost 10,000x returns during the last decade. Why the users still chose other projects, despite these huge historical returns? And also, Bitcoin is the original cryptocurrency that was invented by Satoshi Nakamoto. All the other cryptocurrencies have plagiarized the original idea from Bitcoin, to varying degrees. Therefore it is clear that none of these projects will be able to overtake Bitcoin.
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Don't regret instead invest again if you still have capital. That is what always said that if you invest, don't put all your eggs in one basket. Defi is not a bad at all but bitcoin is really valuable and with higher number of demands ever since. So, don't be afraid to hold and wait the right time for you o sell your bitcoin then buy again if there is any price correction. Forget the past, just move on and continue to invest in bitcoin.
We will be learning our mistakes based on late realizations as well as experience once we have gone through a tough situation on which what we have done have played a negative implication on the way we perceive things just like thinking that your money will further grow if you will pull it out from Bitcoin and putting those into DeFi. Now that you have learned it the hard way, that must serve as a lesson for you to not make the same mistake once again. It is understandable that you are seeking for progression by looking up into other ways possible but sometimes contentment will be the key to success. Although there is nothing wrong with exploration as long as you will not give all out into it.
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
So did you sell all of your BTC? If yes, I feel bad for you and make sure you've learn something valuable when it comes to holding.
Don't feel bad for him for selling his BTC since whatever figure it is still good especially if he used it on good imvestment, Defi is not bad options though we must be seelective since there are so many scams there. And also but what bad thing there is if we don't take any actions right now especially the price is at cheap rate so best take an action since for sure a pump will follow after this.
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Why not invest in Defi with your spare money?. There's no problem with investing in yield farming but you should not really sell all of your BTC just for that, but profit is profit regardless of what market price you decided to sell it is still profit n on your part. So did you sell all of your BTC? If yes, I feel bad for you and make sure you've learn something valuable when it comes to holding.
Don't be sorry. You still made a better choice than people who never had any crypto.
Since you are still here you are again better than 90% of the society who were never here and aren't even aware of this opportunity. You can still make money here, bitcoin is not at the end of this cycle yet. You'll see what will happen when more companies invest.
Since you are still here you are again better than 90% of the society who were never here and aren't even aware of this opportunity. You can still make money here, bitcoin is not at the end of this cycle yet. You'll see what will happen when more companies invest.
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Too bad, anyway, as you have said, this is a learning experience for you, but very expensive one, many newbies fall for the Defi hype, and they didn't know that it is riskier than going full BTC, and just HODL. I would say though that Yield farming is useless, but you are caught in the hype around it and thought that it is the best way to earn huge money in short amount of time. It doesn't work that way here, most of the time it is a lot of ups and downs. Maybe the better approach is put all the majority of your investment in bitcoin and they try some on alts.
As far cryptocurrency is concern , there can only be a total loss when the coin is delisted from the exchange but when the coin and team are still existing, the coin will eventually get you back to your entering journey for you to get out, depending on the time 
You may be feeling mistaken now just because the bull of bitcoin @ $47k + is giving you a profit you don't have but be patient. You remember in the bitcoin example in 2017 as investors bought late at $19,000 / + and bitcoin crashed down to $4,000 till last year it was down in March. At the the down time, many sold at loss in anger but what is bitcoin price after the crashed : ANSWER IS $47,419. Therefore to this, your decision may be a blessing in your future.
You may be feeling mistaken now just because the bull of bitcoin @ $47k + is giving you a profit you don't have but be patient. You remember in the bitcoin example in 2017 as investors bought late at $19,000 / + and bitcoin crashed down to $4,000 till last year it was down in March. At the the down time, many sold at loss in anger but what is bitcoin price after the crashed : ANSWER IS $47,419. Therefore to this, your decision may be a blessing in your future. I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Then, it is about time to learn from your bad and disappointing experience but I'd never think that it was regrettable unless you are selling compared to the buying price.But just to said that not all holding making huge benefits, they are sometimes at worse or losing a lot. But if we are talking about holding BTC, you have something to expect a better price in the long run which is perfect for a long-term holding.
There are so many regrets that we have right now because of crypto price.
I regret holding my alt-coins and not converting it into crypto and also I regret spending my BTC but there is nothing that we could do about it now.
We just need to move on and stop holding in those regretful memories.
I regret holding my alt-coins and not converting it into crypto and also I regret spending my BTC but there is nothing that we could do about it now.
We just need to move on and stop holding in those regretful memories.
DEFI is the current hype project because it can produce quickly but can also lose quickly. Many DeFi projects keep popping up. Some of them are good projects and can make a lot of profit but some are scam projects. Don't hold the DeFi project token for too long because it is very risky, it's better to sell it when the price is high. A better and more stable investment remains in Bitcoin or coins that are in the top 10 of the marjetcap. Don't rely too much on DeFi.
Well you will only realize your mistake once something went wrong already or you experience losses. Its quite normal to look for other opportunity that we believe we can gain more but being greedy is the usual reason why we end up losing our money and regretting our decision after.
Bitcoin is a reliable coin, thus better to be on the safe side because as long as you have patience then you wont get tired of waiting for the right time to take profit.
Bitcoin is a reliable coin, thus better to be on the safe side because as long as you have patience then you wont get tired of waiting for the right time to take profit.
I think Defis is a good project but compared to bitcoin investment it is risky and bitcoin is less risky because there were just so many investors when it comes to bitcoin. Defi mostly could fail in the process but I see a lot of Defi project gives a good amount of profit especially in just a short term of the investment. Defi is the new ICO here and investing in it was great in my experience but I guess you're just unlucky picking a good Defi token investment. If I have a good volume of bitcoin I will not exchange it for some token but if it was just a small amount I would take a risk since defi would give much more profit.
defi is risky because most of the projects that are related to it turned into scam. Defi is a fast paced project where you could earn and sell in faster way as well. You may be rich if you invested in a good one so you need to be sure that coin is legit and profitable, I earned 3eth in a certain defi project before and then after 3months the owner abandoned the project I am lucky that I sell it in the right time so good for me, if you will choose between defi and bitcoin? choose the more stable one choose bitcoin. I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
DeFi is a good and attractive topic and direction nowadays, but it's risky features nobody's cancelled. Of course our experience is a very valuable thing for all times and it is a pity that very often we get our experience through losses and regrets. And of course it is absolutely useless to say now you should better invest into DeFi assets from some other resource, not touching assets in BTC. But nowadays the step was done and result will not change. DeFi is really attractive, but nowadays it is a hype direction. And it will not last forever in my opinion. At least not for all DeFi projects that appear nowadays, because only some percentage will stay alive after some time, only strongest projects. But holding Bitcoin is quite another thing.
I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.
Yeah, We can consider it today as a wrong decision, But what if BTC dumps and your Defi journey were successful? It's about taking chances but it's not bad to try a small amount first and if successful you will not regret it like you are experiencing today. I'm pretty sure that it was not only you who has the same case, There are many people now who regret selling their BTC and put it to other things that they can get profit. I also sold some of my bitcoins in the 28-35k price range but I didn't sell it all, I made a partition in selling and I'm glad that I did it.
Don't worry! The main thing is that you made a conclusion for yourself.
I also think that hodling is the best way to farm money. I started hodling a long time ago, but I invested whenever possible when the bitcoin price was 20k-30k. At the moment, the price has already been paid off several times. Keep HODLing, guys!
I also think that hodling is the best way to farm money. I started hodling a long time ago, but I invested whenever possible when the bitcoin price was 20k-30k. At the moment, the price has already been paid off several times. Keep HODLing, guys!
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