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. 
Topic: I regret selling BTC for entering DeFi. HODLing is the way! - page 4. (Read 754 times)
Sometimes, the temptation to earn bigger money will come to us, especially if we see the new trend comes in front of our eyes. We are seduced to invest our bitcoin in the new project, which we don't know if it can succeed in the short or long term. That is greedy, and we must know how to prevent it before we regret it.
@OP, you are not alone. I am sure people will have the same experience as you, but it already happened, and there is nothing we can do or regret. Make your mistake as an important lesson, so you can learn better and grow bigger than before. It is why we always warn people that holding bitcoin will be worth it than holding an unknown project. But don't get it wrong because some altcoin can be the potential coins, but that will not easily identify the coin.
Now, you need to rise and don't regret what was happen. You still have time to recover your balance because the market now moves very well, and I am sure you can make a profit step by step if you have patience. Remember, you need to stay focus and don't give up.
The temptation will definitely come over us by holding the BTC which we expect with a lot of USDT profit, I am one of which I even targeted $40k to sell BTC and switch to several altcoins but in fact different altcoins are more risky than holding bitcoin is safer and even stronger with market trends and some big investments from other companies so this will be a lesson and we will see how to hold it longer with big profits.@OP, you are not alone. I am sure people will have the same experience as you, but it already happened, and there is nothing we can do or regret. Make your mistake as an important lesson, so you can learn better and grow bigger than before. It is why we always warn people that holding bitcoin will be worth it than holding an unknown project. But don't get it wrong because some altcoin can be the potential coins, but that will not easily identify the coin.
Now, you need to rise and don't regret what was happen. You still have time to recover your balance because the market now moves very well, and I am sure you can make a profit step by step if you have patience. Remember, you need to stay focus and don't give up.
I prefer to avoid new projects because I have no experience in verifying so I will just follow the market trend when it will explode then we need to monitor and buy it sometimes it is also a potential coin and it will be profitable for us going forward.
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.
Bitcoin will always be a better investment than most of the crypto assets or Defi and whatever . Anyway it’s not everyone that will HODL and make profit up to $47000, if you are able to HODL till $30,000 like you have said and you got profit then you’re lucky that you got something at least, cause there are people who don’t get any at all. And by the way, Defi projects are good also , profit doesn’t come always, that you didn’t make huge enough profit doesn’t mean that they are bad, no they are not. There are so many of them that are very good. Stop making it seem like you’re entitled to huge profit. 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.
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.
Sometimes, the temptation to earn bigger money will come to us, especially if we see the new trend comes in front of our eyes. We are seduced to invest our bitcoin in the new project, which we don't know if it can succeed in the short or long term. That is greedy, and we must know how to prevent it before we regret it.
@OP, you are not alone. I am sure people will have the same experience as you, but it already happened, and there is nothing we can do or regret. Make your mistake as an important lesson, so you can learn better and grow bigger than before. It is why we always warn people that holding bitcoin will be worth it than holding an unknown project. But don't get it wrong because some altcoin can be the potential coins, but that will not easily identify the coin.
Now, you need to rise and don't regret what was happen. You still have time to recover your balance because the market now moves very well, and I am sure you can make a profit step by step if you have patience. Remember, you need to stay focus and don't give up.
@OP, you are not alone. I am sure people will have the same experience as you, but it already happened, and there is nothing we can do or regret. Make your mistake as an important lesson, so you can learn better and grow bigger than before. It is why we always warn people that holding bitcoin will be worth it than holding an unknown project. But don't get it wrong because some altcoin can be the potential coins, but that will not easily identify the coin.
Now, you need to rise and don't regret what was happen. You still have time to recover your balance because the market now moves very well, and I am sure you can make a profit step by step if you have patience. Remember, you need to stay focus and don't give up.
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.
you should not regret it. you learn a lot of things because of that.
we are all part of the supply and demand, and we are the reason for the price changes.
let me share this legendary thread by Laszlo Hanyecz to cheer you up.
https://bitcointalksearch.org/topic/pizza-for-bitcoins-137
Quote
I spent it all on pizza long ago: https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4
3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. I mean people can say I'm stupid, but it was a great deal at the time. I don't think anyone could have known it would take off like this. Smiley
Laszlo
3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza. I mean people can say I'm stupid, but it was a great deal at the time. I don't think anyone could have known it would take off like this. Smiley
Laszlo
https://bitcointalksearch.org/topic/m.5141191
That’s not a mistake, What if the opposite happened, your Defi investment grows and BTC dump? Crypto’s are unpredictable sometimes our decisions favors us but sometimes don’t. Learn from that lesson, we all made wrong decisions sometimes and lose a lot but that’s what make us better investors.
Even my tiny shitcoin holdings percentage allows me to lose big (in bitcoin equivalent) whenever there's a massive spike up, like the one we all saw recently.
And consider I am 95% on bitcoin!
I can't and don't want to imagine what other people might have seen if heavily invested in altcoins. Maybe they don't care about the btc price of their holdings and only look at the fiat equivalent: I don't care about it, I only want to preserve my btc stash!
And consider I am 95% on bitcoin!
I can't and don't want to imagine what other people might have seen if heavily invested in altcoins. Maybe they don't care about the btc price of their holdings and only look at the fiat equivalent: I don't care about it, I only want to preserve my btc stash!
Ahh yes, give me those ancient times of 2014 when we gained far more from Alts than BTC.
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 feel bad. I have done a lot worse.
These days I HODL some BTC regardless of price and have a fund for trading on which I lose about as equally as I gain.
Even my tiny shitcoin holdings percentage allows me to lose big (in bitcoin equivalent) whenever there's a massive spike up, like the one we all saw recently.
And consider I am 95% on bitcoin!
I can't and don't want to imagine what other people might have seen if heavily invested in altcoins. Maybe they don't care about the btc price of their holdings and only look at the fiat equivalent: I don't care about it, I only want to preserve my btc stash!
And consider I am 95% on bitcoin!
I can't and don't want to imagine what other people might have seen if heavily invested in altcoins. Maybe they don't care about the btc price of their holdings and only look at the fiat equivalent: I don't care about it, I only want to preserve my btc stash!
you are not the only one with this regret.
every year when there is a new altcoin related hype a lot of newcomers fall for that hype and end up losing a lot of money after a while. your losses took place in a much smaller timeframe but it usually is longer. then they eventually give up bag holding altcoins and make a complete migration back to bitcoin.
this is why we always see massive altcoin dumps whenever bitcoin price rises.
every year when there is a new altcoin related hype a lot of newcomers fall for that hype and end up losing a lot of money after a while. your losses took place in a much smaller timeframe but it usually is longer. then they eventually give up bag holding altcoins and make a complete migration back to bitcoin.
this is why we always see massive altcoin dumps whenever bitcoin price rises.
According to you, you took some loses and some gains, all these are seen as experiences and lessons at least you took some gains, what if you didn't, that would have been a terrible experience in all. Also, what if you had held and the price of Bitcoin dumped while those DeFi you invested in pumps, I don't think you will say they are useless, hence I see it as experience all the same; moreover a lot of people never believed that Bitcoin would reach $47k. Nevertheless, I think what you would have done is, holding some Bitcoin no matter what because it is the best to hold at all times, while Investing some of it in other projects since you already had it in mind to do so.
I don't think there is anything wrong, man, trying new experiences is normal and you want to know how much you earn from farms, but at the same time bitcoin has risen sharply so it makes you feel like someone who has a big mistake in choosing one action that causes big losses
from here you can find out what is the best right? HOLD with existing coins is the most important thing
from here you can find out what is the best right? HOLD with existing coins is the most important 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.
I don't see any problem with it though because first of all, you make gains out of it $32k is a pretty fair price. Secondly, no one will expect that Bitcoin would grow this much since we have seen Bitcoin for a couple of weeks hovering around $30-$32k, and now after Elon's and the rest of the large investors showing their support on Crypto especially on Bitcoin it now suddenly pump. Both can be profitable in their own way but I would admit that in this kind of situation HODL is the best thing to do. 
At least you got an experience of how things changes quickly on the market. Next time you will be more wise and invest only a part of your savings or will be more not receptive to selling and buying other new altcoins.
You should not worry much about missing opportunity of holding and increasing the cost of your portfolio. Because could have easily sold your Bitcoin at the price of $47k, when in next few days it would jump to $50-60k.
You should not worry much about missing opportunity of holding and increasing the cost of your portfolio. Because could have easily sold your Bitcoin at the price of $47k, when in next few days it would jump to $50-60k.
Well that’s what they say, lesson learned. Most of us had experienced somewhat the same thing and even bought bitcoin when it was at its peak and thought investing it to other coins would make us gain profit. But that’s okay, it’s a learning experience for you and for newbies that if ever you had bought bitcoin at a very reasonable amount, you should hodl them and just wait until you fee like checking if you truly have profited from the price you bought it.
I AM HODLING
After you've done about your mistakes by convert your Bitcoin to DEFI token, do you still earn profit? I hope you still get some profit instead of loss.
Well... I believe many peoples are doing similar mistake like yours, they sell too quick or convert to stable coin before the price at the peak. But well, we can't know when the market will reach the ATH and when the market will crash. So I think you don't need to regret from your mistake, take it as a lesson.
After you've done about your mistakes by convert your Bitcoin to DEFI token, do you still earn profit? I hope you still get some profit instead of loss.
Well... I believe many peoples are doing similar mistake like yours, they sell too quick or convert to stable coin before the price at the peak. But well, we can't know when the market will reach the ATH and when the market will crash. So I think you don't need to regret from your mistake, take it as a lesson.
That is very correct I sold my bitcoin when is touched $30k and boom in one week bitcoin got to $40k+ and I regretted my decision to sell rather then holding now I am experience never to sell bitcoin just to invest in some over hype project with no reputation as bitcoin.
I believe that experience matters here mate , Value your experience and don't feel that much because Bitcoin will climb up more and more so there is never too late , Just think that you have spare some time in market.
and also you should be thankful that you still have your funds and not totally Gone.
we commit mistakes specially in this market so yeah check it back and enter bitcoin , as 50,000 is on the way now.
and also you should be thankful that you still have your funds and not totally Gone.
we commit mistakes specially in this market so yeah check it back and enter bitcoin , as 50,000 is on the way now.
Its really not your fault for trusting your gut and its just the way how Cryptocurrencies work. One day your at the top and then the next day your in the middle. Its still a good thing that you have tried another way to invest your money and now that you have learned about that, its possible to create more gains in the future with the newfound knowledge that you have learned about. DeFi is still being utilized to its potential and some investors gained profit from it instantly but not everyone can benefit from it the same way so I guess another thing that you should do is look for the best Alternate Cryptocurrency there is and invest on it.
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