Topic: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 - page 2. (Read 1693 times)

I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months?

I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision?

Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger?

Thank you brother. I salute you too for what you did, and for the candid perspective. You are a huge asset to your family and will forever be valuable to them. You did the right thing too, especially by remembering what they did for you in the past and helping them in return.

I definitely recommend people not to keep their Bitcoin in case of a situation like you were in. If you wouldn't sell your Bitcoin, your family would be in a very bad condition and you would have a very hard time to fix that problem.

I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months?

I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision?

Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation.

The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable.

I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it.  

Have you ever sold your BTC at low rate and it later bumped and you were regretting...?

Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely.

There is some analyst for you to know that bitcoin price will increase. Just take a look at the history of it, and find some reasons who made its price went up then you will know bitcoin price will increase and you will sell at the peak. Also, don't use your greedy thing to control yourself, if you have got a profit and you have satisfied then sell it quickly, just remember bitcoin price is so volatile. I guess the price of bitcoin will increase again in a few months a head. Moreover the halving event is the most important thing that should be known by all investors. With this way you will get profit at the end and now this is a good time to start again.

Unfortunately we have the same story. But i sold mine with x4 profit so not bad at all on my side. No one knew that Bitcoin will ever take peak. So take it as a lesson, Weak hands will never win the battle lol

The beauty and chaos of cryptocurrencies revolve around its high-volatility and unpredictability. No person, no matter how talented or smart he is, may be able to accurately predict the price of bitcoin in the market. Although there are instruments, data, and research that may be able to predict the trend, it is still relatively different from knowing the future price.

On your experience, unfortunately, the price of bitcoin skyrocketed after you sold 2 of your btcs. I am very sorry to hear but no one really knows how the machinery works accurately. Use this experience and learn from the lesson to at least save a portion of your BTCs for investment purposes.

At least it isn't as bad as my sale.

I sold 600 bitcoins for $2 each 

But then again, we all have our moments like the person that traded 10,000 bitcoins for two Papa John's pizzas

In my experience, I sold BTC1.40 around last December and I know that it was devastating to see what bitcoin is worth now. We did the same thing because no one could even assure us that it could go up after dropping from $6k and a crippling long period of bear market. It is not really funny when fate plays your life. No one saw it coming and now I am full of regret.

In my experience, I sold BTC1.40 around last December and I know that it was devastating to see what bitcoin is worth now. We did the same thing because no one could even assure us that it could go up after dropping from $6k and a crippling long period of bear market. It is not really funny when fate plays your life. No one saw it coming and now I am full of regret.

As others said, you made the right decisions because after all, family is the most important thing to everyone. Hope you are back to a better financial health to reinvest in BTC. Maybe wait to buy back in because it is no more solid to grow in the upcoming months. Good luck mate!

You see everything we decide to do of our self is counted as our destiny.
whatever has happened is by the will of all-mighty. maybe something will go wrong
if you didn't sell it that day. just be thankful at least you got some profit out of it.

My case was the same when I sold my Altcoins at a lower price but I that time I also need
the money to pay my tuition fee, If it is not for that little money I don't know where to go now.