My Bitcoin mistake In 2020-2021 - page 2.

virasog

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Quote from: dothebeats on January 05, 2022, 02:36:29 PM

I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.

IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.

No one can caught the exact top or bottom for bitcoin price or any other cryptocurrency prices. The best thing you can do is to take profits. To maximize your profits you can set two or three take profit targets and try to gain maximum benefit.
The biggest mistake we make is that we don't take profits and the price of the coin falls below our buying price.

BIN-BIN

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Quote from: Wiwo on January 02, 2022, 07:59:21 AM

Well I decided to create this thread to share my Bitcoin mistake and the lesson has lean from those mistakes, around February I invested leftover funds of around $400 in buying Bitcoin and at that time Bitcoin was around
$10, 500 and I held for over a year and when the price of Bitcoin got to $40,000 I sold out my $400 investment which give me 3x+ profits but just within some days later the price of Bitcoin hit $67k and since then have not returned to the price I sold it which gives me a vegetable feeling any time I think of this investment. So I will like to give out very simple advice please keep holding your Bitcoin your investment is safer in Bitcoin and for great peace of mind always try to hold your Bitcoin as Bitcoin price is limitless am going to join the steel hands, Bitcoin holders, very soon.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time. I have learned big from that small mistake of the past 2020-2021.

Just yesterday binance exchange bought the dip the exchange added about 64 thousand Bitcoins to their holding and microstrategy is also on the way to buy the bitcoin market deep will favor those that can hold Bitcoin so do as much as you can to hodle your Bitcoin and if you can buy then go ahead.

haasanjui

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My main mistake is to miss BTC on 28k$ in last of 2020. When i had joined crypto was 28k$+ but today its price is 45k$+ if i invest it in past time I could got double but i missed this opportunity.

Rockstarguy

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Had it been you still HoDL till when the price got got High you would have more than enough, but it is not your fault you sold out . You never knew the price will go that high , had it been you knew you wouldn't have sold had so fast. The moral lessons from this is that bitcoin unpredictable in price , the market can change for good. Another lesson to be learnt is we should not be too fast to sell , Hodling is more profitable.

Tellek Garing

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This topic can be just endless. If you remember my process of working with bitcoin, you can see dramatic changes in forecasts and different rates in general. This is what largely influences the results of work.

What is your point exactly and what sense you trying to make, I will advise the ops to spread his investment going forward and try to hodle some amount in Bitcoin and at the same time try to trade while waiting for the right time to avoid such regret in the future? Bitcoin is a timeless asset and at that, its price can change at any time that is why it is referred to as a highly volatile investment.

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Quote from: dothebeats on January 05, 2022, 02:36:29 PM

I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.

IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.

As long as we can make a profit, we should be grateful for it and not consider it a mistake. Because there are still many investors who experience losses
when investing in Bitcoin, so being able to get a profit is a good thing. After all, it is very difficult to predict Bitcoin price movements accurately,
so the most important thing is not how much profit we make, but we can avoid losses alone is a very good thing. If we invest in Bitcoin we want
to always make a big profit, it will only stress us out. So I never complain how much profit I make, for me is a fun thing to make a profit even though
the results are small. After all, if we make a small profit if it is accumulated it will be big too.

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You already gained your profit by the 3x I guess its already a good profit unless you becomes more greedy and wait for the price to pump again, imagine currently the bitcoin is now suffering from the price of 40k$ and if we didn't beat this kind of trend now there's another chance of dump again so many people waiting if this is another dump or not. You already get a profit and it's part of the investment taking the risk or losing your asset.

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Quote from: Mame89 on January 05, 2022, 02:05:28 PM

Quote from: Wiwo on January 02, 2022, 07:59:21 AM

Well I decided to create this thread to share my Bitcoin mistake and the lesson has lean from those mistakes, around February I invested leftover funds of around $400 in buying Bitcoin and at that time Bitcoin was around
$10, 500 and I held for over a year and when the price of Bitcoin got to $40,000 I sold out my $400 investment which give me 3x+ profits but just within some days later the price of Bitcoin hit $67k and since then have not returned to the price I sold it which gives me a vegetable feeling any time I think of this investment. So I will like to give out very simple advice please keep holding your Bitcoin your investment is safer in Bitcoin and for great peace of mind always try to hold your Bitcoin as Bitcoin price is limitless am going to join the steel hands, Bitcoin holders, very soon.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time. I have learned big from that small mistake of the past 2020-2021.

I think it's a mistake but it's not a big mistake, so there's no need to worry about it, it's a natural thing to happen, after all, you've already benefited 3 times, I think everyone involved in the crypto world has experienced mistakes, it's the same with me personally. I've experienced something similar at different times and I don't regret it.

Big or small mistake, that still a mistake, and the result isn't really satisfying. But I don't think we have to put this in big regrets as this kind of scenario is very common to most of us that are because we don't know what will happen next. Even we just hold, keep holding Bitcoin we are still not sure that 5 years from now the value of Bitcoin is more than the price it has today. NO, nothing is guaranteed to that but because we have some faith and because we believe that holding is really a good idea and even have a satisfying end.

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Quote from: dothebeats on January 05, 2022, 02:36:29 PM

I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.

IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.

When it comes to bad decisions towards your prediction then this is something couldnt be considered as a mistake since this market is already an unpredictable one thats why these unfortunate events do happen.
Dont really make yourself get down or in pity whenever you do commit losses.Its inevitable but could be handled out once you do already get some experience.
You should really lessen it on next time you would do it and learn from those so that you'll earn enough experience and learning.

dothebeats

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I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.

IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.

Mame89

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Quote from: Wiwo on January 02, 2022, 07:59:21 AM

Well I decided to create this thread to share my Bitcoin mistake and the lesson has lean from those mistakes, around February I invested leftover funds of around $400 in buying Bitcoin and at that time Bitcoin was around
$10, 500 and I held for over a year and when the price of Bitcoin got to $40,000 I sold out my $400 investment which give me 3x+ profits but just within some days later the price of Bitcoin hit $67k and since then have not returned to the price I sold it which gives me a vegetable feeling any time I think of this investment. So I will like to give out very simple advice please keep holding your Bitcoin your investment is safer in Bitcoin and for great peace of mind always try to hold your Bitcoin as Bitcoin price is limitless am going to join the steel hands, Bitcoin holders, very soon.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time. I have learned big from that small mistake of the past 2020-2021.

I think it's a mistake but it's not a big mistake, so there's no need to worry about it, it's a natural thing to happen, after all, you've already benefited 3 times, I think everyone involved in the crypto world has experienced mistakes, it's the same with me personally. I've experienced something similar at different times and I don't regret it.

D-law

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Selling me Bitcoin too soon or should I say fast as a result of the price fluctuating.
Couldn't stand to watch the rice go so low before my eyes,I was simply scared of holding it for a longer time.
Hopefully I'll brace up this time around.

Alanaz

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Quote from: Wiwo on January 05, 2022, 07:35:41 AM

Quote from: Alanaz on January 04, 2022, 04:07:59 PM

is it a mistake? I feel you are too focused on higher things to forget about your gains.
that's a good thing I guess and that's not a mistake.
you just have to make the momentum again and now it looks like the momentum is good and you must be able to take advantage of this momentum so that you don't regret it like now.

Anyway as you rightly said it might not be a mistake but when you fail to meet a target within the set time is the number of mistakes, there was something that was not done right, and discovering that thing and learning lessons from previous mistakes will save the future a whole lot.

on the other hand it is how we set the momentum.
and it is an experience but even if it is like that it will not happen again and what must be prepared now is how you navigate the future what will it be like, when indeed the target you set was not achieved at that time then do you have to give up? of course it's not like that.
On the contrary, this is a reminder so that we will not be wrong again in taking action in the future, especially with the pretty good prospects today, of course, the opportunity is still very wide open.

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Op still made okay profits, so I think that regretting selling is unnecessary. While hodling longer can bring higher profits, I don't share the overall sentiment of hodling for as long as one can, waiting for the price to get higher and higher. If you don't spend Bitcoin one way or another, those profits you've made are just numbers on the screen that mean nothing. Unless, of course, you give access to someone who will actually spend Bitcoin on goods and services (directly or indirectly). I think having a target is necessary, and so is having plans on how to spend that money.

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Quote from: NNRR on January 05, 2022, 08:22:07 AM

Brother, I agree with you If anyone wants to invest in cryptocurrency I would tell them you only invest in bitcoin. Today's small investment may make you much richer in the future can make. When Bitcoin hit the market in 2009 you saw its price and now you see today's price so you can all come up with ideas on how much Bitcoin can make people rich. Another thing to note is that in the last 10 years Bitcoin has been the most profitable stock market in the world and why don't you invest in anything. No one can predict how much the price of bitcoin will increase in the future. Maybe we will have a lot of regrets in the future why we didn't buy bitcoin so I will tell everyone that the safest investment is bitcoin

Small investment isn't enough to make someone rich, maybe you'll get large amounts of money but that probably won't last long if you don't put some part of that profit in reinvestment which is going to definitely make things much worse for you because that means that you're content with having just that amount of money.

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Quote from: Wiwo on January 02, 2022, 07:59:21 AM

So I will like to give out very simple advice please keep holding your Bitcoin your investment is safer in Bitcoin and for great peace of mind always try to hold your Bitcoin as Bitcoin price is limitless am going to join the steel hands, Bitcoin holders, very soon.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time. I have learned big from that small mistake of the past 2020-2021.

When is the right time to sell in your opinion? Hodling without a sell price in mind is next to impossible to do. Not every one is built psychologically to be a long term trader. It takes patience and determination to hodl through the dips, pumps and dumps. I tell you now what you did wasn't a mistake if you ask me, if you go ahead ask the investors who bought the hype in 2017 who had to wait three years to get their market price they will tell you a different story. Be satisfied with your profits, a 20% profits is better than a 10% loss.

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Brother, I agree with you If anyone wants to invest in cryptocurrency I would tell them you only invest in bitcoin. Today's small investment may make you much richer in the future can make. When Bitcoin hit the market in 2009 you saw its price and now you see today's price so you can all come up with ideas on how much Bitcoin can make people rich. Another thing to note is that in the last 10 years Bitcoin has been the most profitable stock market in the world and why don't you invest in anything. No one can predict how much the price of bitcoin will increase in the future. Maybe we will have a lot of regrets in the future why we didn't buy bitcoin so I will tell everyone that the safest investment is bitcoin

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Quote from: Wiwo on January 02, 2022, 07:59:21 AM

~
So I will like to give out very simple advice please keep holding your Bitcoin your investment is safer in Bitcoin and for great peace of mind always try to hold your Bitcoin as Bitcoin price is limitless am going to join the steel hands, Bitcoin holders, very soon.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time. I have learned big from that small mistake of the past 2020-2021.

Do you consider this as a mistake? Do you really think that Bitcoin will reach $67,000 at that day you sold your Bitcoins?
You focused more on the profits that you can get on that day rather than holding it. I don't consider it as a mistake though since you got profits though it is lesser. What's wrong is either you bought Bitcoins at the peak and sold at the bottom or you never bought Bitcoins at all.

Even I have experienced that thing but I don't consider it as a mistake since I didn't got any loss for it. I got profit from it and I didn't regret even though I saw the coin going higher at the price I sold my holdings. There are many more who have experienced that too. Well, its good that you adjusted your strategy and will do dollar-cost averaging and will hold Bitcoin for a long time since that is what most of the Bitcoin holders are doing.

Still, I don't see this as a mistake or anything at all but a good thing at least since you got profits from your investment.

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Quote from: Alanaz on January 04, 2022, 04:07:59 PM

is it a mistake? I feel you are too focused on higher things to forget about your gains.
that's a good thing I guess and that's not a mistake.
you just have to make the momentum again and now it looks like the momentum is good and you must be able to take advantage of this momentum so that you don't regret it like now.

Anyway as you rightly said it might not be a mistake but when you fail to meet a target within the set time is the number of mistakes, there was something that was not done right, and discovering that thing and learning lessons from previous mistakes will save the future a whole lot.

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Quote from: Lanatsa on January 04, 2022, 06:42:05 PM

Quote from: Taskford on January 04, 2022, 06:40:00 PM

Quote from: Fatunad on January 04, 2022, 04:09:40 PM

Quote from: AmoreJaz on January 04, 2022, 03:50:54 PM

Quote from: isaac_clarke22 on January 04, 2022, 03:29:26 PM

Quote from: TheNineClub on January 04, 2022, 03:14:15 PM

~

No point of regretting not being able to invest in BTC back in that price. I could have invested also, but I don't think there are any more reasons to still think about that you missed out the lower ATHs of Bitcoin. Bitcoin would be declared as dead many times again in the Obituaries, and that's another cue for anyone to buy at the lowest.
It is just also matter of how ones daily schedule work. I quitted day trading just to hodl it all in Bitcoin.

you can't go back in time and regret. so what you can do here is move on and if you strongly believe that the coin like btc will have good future, you can always invest anytime. just like what the OP did. though he didn't know that btc will increase in the future, he kept on holding up until he saw his investments more than tripled from his original amount and sold it. as we have no clue what's coming, it is your instincts that will guide you on what to do with your holdings. don't look back and regret, it won't do any good in your future plans. act now and keep up with the market.

Move on and learn on those mistakes that you had committed and making yourself way more better than before because if you do keep on looking back on your mistakes it would really be just
disturbing out your emotions which would really affect you overall specially on your mindset. Dont ever look back and stress out yourself with those mistakes but instead you should
really mind off on how to avoid those things again for it not to happen and since you are aware then this year 2022 isnt something would be the same on what happened on last year.
Tend to enhance yourself in terms of experience and awareness.

This is the most easiest thing we do towards this since if we still keep looking at the lose we occur we will be haunted by our mistakes and might we will do the same again since we are greedy to recover it back again. But since new year already happened we should start a good mindset and do fresh start also learn from what bad and good experience we encounter from the past.

Also, if you don't make yourself realized on things then you would be always be haunted by the past which would really stop you on making further actions which its a must thing to be done for you to have

a better investment returns or results in this year.Mistakes are inevitable or couldn't really be get rid off because there's no such thing about being a perfect trader or investor.

Thing here is that you do make money despite of those losses and able to make profits whatever situations you would facing on.

Correct so moving from the past we made is totally good and we only look back on it if we want to study the flaws what we do from the past, if we can do it for sure we can move forward that's why there are successful people here or people who prolong there ventures since they know how they can take those risk since they already go to more worse situations.

Also we should always take profit whatever it cost since this is the big thing and never get hype on a projects since many of them are scams are only few of them are a good one.

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