My Bitcoin mistake In 2020-2021 - page 4.

ultrloa

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Quote from: Wiwo on January 04, 2022, 05:01:20 AM

Quote from: The Cryptovator on January 03, 2022, 10:12:44 AM

I did a big mistake in 2018 if my memory served me correctly. Bought some shit coin by Bitcoin and just lost that. It's not recoverable anymore though I am holding with hope. I did o ly mistake in 2022 that I sold my Bitcoin for around $38K and failed to take advantage of ATH. Not only that, even I didn't dare to accumulate Bitcoin when the price dropped below $30K. That's what I did a mistake. Although didn't lose much but failed to gain many ads well. I took a lesson from the past and tried to accumulate in the dip. Not sure if my plan works well. But hope I could do something this year.

We all have made some great mistakes in the past and 2020 was the year I made the most mistakes in cryptocurrency but since then I have learned some lessons, I sold a coin I was holding for some time at a low price only for me to see the coin doing almost 60% growth and am left with regrets. But this time is wiser than before.

All of us have mistakes from the past knowing that we don't know how this technology work at the first place and we also get hype by many things before especially with those cloud mining, past bear markets and others things thats why we need to learn from it even if sometimes its hard to execute but we should make those as a basis to do better actions when we see similar situations.

Wiwo

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Quote from: The Cryptovator on January 03, 2022, 10:12:44 AM

I did a big mistake in 2018 if my memory served me correctly. Bought some shit coin by Bitcoin and just lost that. It's not recoverable anymore though I am holding with hope. I did o ly mistake in 2022 that I sold my Bitcoin for around $38K and failed to take advantage of ATH. Not only that, even I didn't dare to accumulate Bitcoin when the price dropped below $30K. That's what I did a mistake. Although didn't lose much but failed to gain many ads well. I took a lesson from the past and tried to accumulate in the dip. Not sure if my plan works well. But hope I could do something this year.

We all have made some great mistakes in the past and 2020 was the year I made the most mistakes in cryptocurrency but since then I have learned some lessons, I sold a coin I was holding for some time at a low price only for me to see the coin doing almost 60% growth and am left with regrets. But this time is wiser than before.

Drnice

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Though, it depends on how we look at our regrets. People do have regrets on buying high and selling low, and this is a negative regret (a regret no one wants to make). On the reverse, other people having a target price of an asset to takeout profits and after taking profit, the market is still on an uptrend continuously, hitting new highs. This is also a regret, because of the continuous uptrend, but a positive regret cause there is no losses experienced, just that more profits would have been made.

GeorgeJohn

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Quote from: romero121 on January 02, 2022, 11:28:39 AM

Hold as much you can, if not hold what is available for a good time period. This is what I follow and the same is being mentioned in the opening thread. People who kept hold believing in its growth have been enjoying the goodness.

Do you know that, it's not all coin you can hold for long period as you are emphasising on, actually a good investor will like to hold coin long time because they know the profit, I'm not disputing the fact that we should not hold coin on our custody s but the question is that what kind of coin do you want to hold that will make a cognitive profit, at first, after scrutinizing and perusing into the coin project you can as well hold the coin for how long you really want to hold, right now if i may suggest the only coin that's good to hold as you stated or portray is Bitcoin, because irrespective of it downgrade it will still make values.

Rengga Jati

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No one will know that the price of Bitcoin will be up to $40k, more to $50k, $60K, and more probably up to$70k and more again. Because nobody knows the exact price in the future.
And as long as we have got the profits, I think it has been enough. Moreover, you have 3 multiple times of your profits, it is really much, mate. You don't know whether when you are still holding at that time, the price still keeps going up or probably dropped. If you only want more and more without having any target, it turns you to be greedy, and someday when your goal is not achieved, you will panic and regret not selling at that rate.
That is why just thank you for what you have got. And you can still make other investments again in Bitcoin to get other profits again.

barbara44

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Seriously, I don’t see why this is a problem for you. You made it clear that you earned a profit of over three times, and you still want to say that you are not happy with yourself? If you that made over three times profit from the market is not happy with yourself, then what about those who lost completely?

You should be happy as long as you made profit. Maybe next time before withdrawing your money from Bitcoin you can first ask yourself what you are really going to be doing with that money. I don’t really hold my investment for long, although now I have started holding long term because I have enough to leave in my wallet. But I will still withdraw some of my profits and use it to also invest in other businesses or assets that's I want, or even handle expenses.

nurilham

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I can feel it and I think a lot of people have experienced that too. That's okay, not everything goes our way. Investing in Bitcoin does require skill and a mixture of luck. If we continue to lament the failures that have occurred then it will only make us frustrated. let it go of what has happened and never remember it again, make it a lesson not to repeat it again. sometimes after a failure, we can get a fortune, that's something that must be applied in our mindset so we don't fall too deep into disappointment. The price of bitcoin will continue to rise and fall as usual is unpredictable, so we just need to follow the existing flow and try to manage it well.

tranthidung

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Quote from: The Cryptovator on January 03, 2022, 10:12:44 AM

I did a big mistake in 2018 if my memory served me correctly. Bought some shit coin by Bitcoin and just lost that. It's not recoverable anymore though I am holding with hope. I did o ly mistake in 2022 that I sold my Bitcoin for around $38K and failed to take advantage of ATH. Not only that, even I didn't dare to accumulate Bitcoin when the price dropped below $30K. That's what I did a mistake. Although didn't lose much but failed to gain many ads well. I took a lesson from the past and tried to accumulate in the dip. Not sure if my plan works well. But hope I could do something this year.

I think you are like me and many others do the same when we have little experience in crypto market.

We take profit in Bitcoin and try to invest into altcoins. Because we don't have patience to wait for Bitcoin dips, then hunting and betting with altcoins. In the end, altcoins divided by 10, 20 or 100 times in bear market. We lost money for altcoins and it's my regret. Very few altcoins can survive through bear market and can recover to their past all time high. It is not mentioned about their ability to make a new all time high in a new bull market.

We see it again since 2020 and 2021. Many new projects have been created and shilled as potential projects. Let's see how will the end with?

wajik-tempe

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Quote from: ranochigo on January 03, 2022, 07:19:52 AM

That is not a mistake. Did you sell your Bitcoins with the knowledge that the price of Bitcoin would grow even further after that period of time? If the answer is no, then you didn't commit a mistake. You merely didn't have the hindsight that Bitcoin would grow even further.

Contrary to this, if Bitcoin tanked before you managed to sell, then it also becomes a mistake, for you didn't manage to sell in time. That surge in Bitcoin price wasn't particularly predictable either so I wouldn't call it a mistake.

Every decision we made in the past becomes a lesson for the future decision, every trader has it's own phase of their life so there is nothing waste at all, the mistakes converted to the lessons and it will be much more valueable for the investors for future investment.
So there is nothing to regret, cryptocurrency journey is still new and we are the early investors at this time.

The Cryptovator

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I did a big mistake in 2018 if my memory served me correctly. Bought some shit coin by Bitcoin and just lost that. It's not recoverable anymore though I am holding with hope. I did o ly mistake in 2022 that I sold my Bitcoin for around $38K and failed to take advantage of ATH. Not only that, even I didn't dare to accumulate Bitcoin when the price dropped below $30K. That's what I did a mistake. Although didn't lose much but failed to gain many ads well. I took a lesson from the past and tried to accumulate in the dip. Not sure if my plan works well. But hope I could do something this year.

xSkylarx

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Quote from: Japinat on January 02, 2022, 11:27:52 AM

I don't find it a mistake because you profited in the first place, it's only a mistake if you lose money from your investment. Sometimes, we have to just appreciate what we get, that's a sign that we are not greedy, what if the other way around happened, you held and bitcoin dump and you lose your money? I think that deserves to be called a mistake.

This is kind of people that are really greedy this will lead to losses on which you need to minimize this kind of behaviour as this has a negative effects in the long run. As long as you have a profit it is still good . Dont mind if you made more because what if thats the opposite you loses. But also mistakes can make you learn something so make used of it

ranochigo

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That is not a mistake. Did you sell your Bitcoins with the knowledge that the price of Bitcoin would grow even further after that period of time? If the answer is no, then you didn't commit a mistake. You merely didn't have the hindsight that Bitcoin would grow even further.

Contrary to this, if Bitcoin tanked before you managed to sell, then it also becomes a mistake, for you didn't manage to sell in time. That surge in Bitcoin price wasn't particularly predictable either so I wouldn't call it a mistake.

davis196

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This is not a mistake,you just regret for missing the opportunity of making bigger profits,which seems like greed.
We can't figure out the best time to sell our BTC.We can't always maximize our profits from selling BTC.
If you bought BTC low and sold the BTC at a higher price,you made a profit,so there's no reason to call this a mistake and feeling regrets.
I guess that your profit is caused by luck and the fact that you are not being focused on the Bitcoin price 24/7.
Being so emotionally invested and cautious about the Bitcoin price can create some sort of fear and anxiety about the price suddenly dropping.This might cause you to panic sell your BTC right after a small price drop.The price drop might be followed by a price pump,which will make you regret your decision.

habebe

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my only mistake with bitcoin is that I stopped for almost 1 year, I also haven't been able to post here on forum because one of my mistakes is blocking my account and I can't post anymore, so this year I'm coming back so that I can continue what I started here so I will try so that I can continue to be a bitcoin crypto hopefully give me gifts like merit and have mercy on me and also get merit to be able to start again a bounty crypto ... thank you

peter0425

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Quote from: lienfaye on January 02, 2022, 10:11:40 PM

Well atleast you made profit from your initial investment thats still a good thing. Although the price went higher, no one knows that it can happen, BTC is unpredicted and we cant accurately tell the next move.

Yes and that i something he must be thankful and it is not good attitude to still called this a mistake when he had His x3 profit in just holding in shorter than a year.

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Actually it happened to me last year as well however during that time I already need the money and cant wait longer so I sell my BTC. Its not really a good feeling to sell then the price unexpectedly increased. Regrets are always there but it happened already so what we can do is to move on and not repeat the same mistakes again.

Exactly, if you badly needed the money we have nothing to do but to sell our precious coins,
and besides we all Bought Bitcoin for future needs and that includes emergency source of funds.

tranthidung

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Quote from: kotajikikox on January 03, 2022, 05:41:12 AM

I find no wrong in your decision and that is not totally a mistake, Because you did what assurance need to take place , no one knows what will be the price tomorrow, so that action is best than not getting any profit at all.
if we only knew the price in the future of course we will never sell any of our coins and will buy and buy more right? but it is not the reality here.

We are not market makers, we are not governments so the best strategy is take capital back as first priority. Then we can gradually take profit and if we are strongly believe in future of Bitcoin, let's allocate part of our Bitcoin for next 10 years or 20 years or longer. It is like a ticket to become millionaire or billionaire. I said about it

Anyway, in bad scenario, we won't lose our capital and already take profit to enjoy our lives.

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I have committed mistakes in the past when the price of Bitcoin Hit the ATH back in 2017 and i kept on waiting for more increase then what happened?

This is what all people have to learn in crypto market. When price goes up, they hope price will goes up forever and reject to take profit. When price falls down, they reject to cut loss and believe it's just correction after that price will rise and make new all time highs.

kotajikikox

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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 find no wrong in your decision and that is not totally a mistake, Because you did what assurance need to take place , no one knows what will be the price tomorrow, so that action is best than not getting any profit at all.
if we only knew the price in the future of course we will never sell any of our coins and will buy and buy more right? but it is not the reality here.

I have committed mistakes in the past when the price of Bitcoin Hit the ATH back in 2017 and i kept on waiting for more increase then what happened?
i remained trapped because when i finally wanted to sell the price drops down back to almost how much the value before the Bull market.

lienfaye

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Well atleast you made profit from your initial investment thats still a good thing. Although the price went higher, no one knows that it can happen, BTC is unpredicted and we cant accurately tell the next move.

Actually it happened to me last year as well however during that time I already need the money and cant wait longer so I sell my BTC. Its not really a good feeling to sell then the price unexpectedly increased. Regrets are always there but it happened already so what we can do is to move on and not repeat the same mistakes again.

DapanasFruit

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You made a good rate of ROI with your investment so if you can look at the brighter side there is nothing to be sad about it. Compared to other people who sold their Bitcoin at a loss, you should be so proud of yourself for doing a x3 profit. Now, please don't let greed be coming your way. Look at Bitcoin now, it is already back at the $40Ks so overall you made a good decision. As for me, I made my mistake years ago when I sold my remaining Bitcoin when the price in the market was just around $3K and until now there are times I still think about it...but life has to move on it can be a big waste of time to speculate on "what if" things in life.

Darker45

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I guess many of us will encounter this experience at some point. Many hodlers have developed steel hands because of what they've gone through, because of Bitcoin proving that it is always increasing in the bigger picture.

I myself have also gone through this. As a matter of fact, after the 2017 bull run, when we had months and months of bear season, I let go of some good amount of Bitcoin. The price fall was extreme and it took so long for the recovery to be seen that the FUD got the better of me. I learned lessons from it.

Topic: My Bitcoin mistake In 2020-2021 - page 4. (Read 746 times)