Topic: My Bitcoin mistake In 2020-2021 - page 5. (Read 746 times)
You sell it, it means it no longer belongs to you. It's gone and the fiat advantage is yours. There is no concept of loss if you have already gained so much profit. You can still start at the current price, and keep doing the same thing where you only need to let go at the highest price. don't worry, because Bitcoin always provides a guarantee for anyone who is ready to hold it. Especially long term. Sometimes greed makes a person still feel lacking.
Is it really a mistake? You cashed out with 3x profit, and when you cash out you'll probably needed the money.
Even If let's say you've just entered the crypto market around the year you said you bought a $400 Btc, I assume you made a research and look over the historical price data of Bitcoin. By just looking at it you could most likely can tell that Bitcoin has been increasing every year.
So, now the question is, what made you think selling your Btc at $40k. You lost your confidence and trust towards the capability of Bitcoin right?
Now, It's good to hear that you've actually learned from there. And honestly 3x profit isn't a mistake.
Even If let's say you've just entered the crypto market around the year you said you bought a $400 Btc, I assume you made a research and look over the historical price data of Bitcoin. By just looking at it you could most likely can tell that Bitcoin has been increasing every year.
So, now the question is, what made you think selling your Btc at $40k. You lost your confidence and trust towards the capability of Bitcoin right?
Now, It's good to hear that you've actually learned from there. And honestly 3x profit isn't a mistake.
3x but still regret?
What's gone is gone, but remember that you always have new opportunities popping up every moment (yeah, not even a day, but in each moment, you can find a new opportunity) so just look for it and grab it. And about selling your BTC, you still held for a time for which around 95% of people who use BTC, couldn't hold, so you must be proud of yourself as most people here won't be hodlers but sellers because most of them come from a place where earning BTC (even a few chunks) can help them live a much better life than they could live with their 9 to 5 jobs.
What's gone is gone, but remember that you always have new opportunities popping up every moment (yeah, not even a day, but in each moment, you can find a new opportunity) so just look for it and grab it. And about selling your BTC, you still held for a time for which around 95% of people who use BTC, couldn't hold, so you must be proud of yourself as most people here won't be hodlers but sellers because most of them come from a place where earning BTC (even a few chunks) can help them live a much better life than they could live with their 9 to 5 jobs.
since then have not returned to the price I sold it which gives me a vegetable feeling any time I think of this investment.
you are complaining without any valid reason, the price is at $46000 and it even dropped to $43000 on December 3rd of last year, you could have taken advantage of the opportunity to buy cheap and you could sell at the next ATH
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.
this is not a good strategy, you need to constantly check your bitcoin
Just like what they said, you made a ROI already and that's enough since if you follow your emotions and become greedier, I don't think you will be getting the same ROI you get when it hits $40 or maybe lesser than $40k when it dropped below $30k. The important lesson here is you don't let your emotions guide you and it's always better to have a price target and think straight no matter what the price since what's important to you is you get your profit.
Sorry if I have doubts on your regrets, price today is 47000. Only about 18% more than your exit price.
I also have doubts on his regrets, I am not in the habit of believing what people say in the forums, especially if there are things that don't add up, as you point out.But let's assume that what the OP says is true. What I would say to him and anyone else in his situation, is that before he invests a single penny again, that he should be clear about why he wants to invest, for how long and above all I would remind him to do it with money he doesn't need.
The argument of whether the price has gone up or down some more does not hold water. It would be better to think that one wants to invest in Bitcoin because he has understood its decentralized, limited, autonomous, uncensurable nature, its ability to store and transfer large amounts of wealth and at the lowest cost and that for these reasons he wants to invest in it with money he does not need. That way the OP instead of thinking about selling what he would have thought is to buy more, and would not have opened this thread and would have opened another one telling us how wonderful is the DCA Bitcoin.
Yeah, guy comes in talking like he knows the place too well, and then pours out regret over such a trivial price difference. Wouldn't be the first, certainly won't be the last. Don't know why I feel the need to call out every now and then, but yeah for the benefit of doubt, I pointed out what the extra gain was if he held then, as opposed to buying now, if price were to reach $100k. Only $6k difference. Absolutely not worth wringing one's hands over, even if they don't care about the fundamentals are in this for speculation, then like you said, they need to clarify their intent. Is it to exit at 100k? Is it to make 3x profit (in which case, he's done that, why re-enter?).
Buy in now OP if you really made the mistake. And then don't make it again.
To be honest many other people feel regret about their mistakes in the bitcoin and cryptocurrencies market, some of them feel regret for panic selling and some others feel regret for not buying enough bitcoins. For example, if you ask me I would say I feel regret for what I did 6 months ago when I sold some bitcoins and bought an apartment and gave for rent to have passive income, While I could get much more profit by only holding my bitcoins inside my wallet and buy a bigger house for myself.
To be honest with you that is my experience at the time I converted by Bitcoin I use the funds to develop a project that just end up as a liability when I have the mindset of an investor if I have held my Bitcoin to this very moment just guess how much profits I will have made by now.I lot of lessons have been learned in the time past only for us to develop on it's to grow to a more stable and balanced financial life which Bitcoin has given us the privilege.
To be honest there are many other people who feel regret about their mistakes in the bitcoin and cryptocurrencies market, some of them feel regret for panic selling and some others feel regret for not buying enough bitcoins.
I think it's natural, they have regretted because the current price is very expensive. That includes me, maybe today I already have a car if I hold my bitcoins in 2017 to date. But I'm not too sorry, I'm happy to have known and owned Bitcoin. Right now I'm just maximizing what I've got to earn even more bitcoin by way of trading. Maybe it can be done by the author.
To be honest there are many other people who feel regret about their mistakes in the bitcoin and cryptocurrencies market, some of them feel regret for panic selling and some others feel regret for not buying enough bitcoins. For example, if you ask me I would say I feel regret for what I did 6 months ago when I sold some bitcoins and bought an apartment and gave for rent to have passive income, While I could get much more profit by only holding my bitcoins inside my wallet and buy a bigger house for myself.
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.
Mistakes are common, however we try and Keep ourself active mistakes will happen. That too with cryptocurrency it is quite common, because a prediction made wrong will also serve as a mistake. So keeping hold and moving without any expectation will let you overcome mistakes.
Mistakes are common, however we try and Keep ourself active mistakes will happen. That too with cryptocurrency it is quite common, because a prediction made wrong will also serve as a mistake. So keeping hold and moving without any expectation will let you overcome mistakes.
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.
If it makes you feel any better, I would hardly call making a profit a mistake. Not hodling may be a mistake to some but to be honest, who would have thought prices would go up they way they did? Same goes for big name companies like apple or microsoft or mcdonalds. Who would have thought they would be as famous as they are now? Its just a rare stroke of luck. You made profits anyway. Losses would have been worse.
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.
$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.
Is this a mistake? I don't think it's a mistake if you've made a profit. Usually what other people or holders say about their mistakes is the ethics of buying Bitcoin and selling it at a lower price. Well here you have made 3x of the $400 capital. In fact, here what I see is only greed and does not make you grateful.
Well, you are giving advice from the heart ... this is investment money, it's just that. Hodl It is a particular economic situation to be able to do it, it is that simple if you sell it is because you need it for your day to day, or because you know that you are going to reinvest the money, it is a myth that "straw" that you buy bitcoin and keep it. Yes, it is good but it does not work for everyone, just make the backup plan that best suits your economic and living level, after that without regrets.
If you ran out of bitcoin, only buy when you can, don't see it as a mistake ...
If you ran out of bitcoin, only buy when you can, don't see it as a mistake ...
But at the same time the price of bitcoin has dropped from $67k to $47k. So it has given you a chance again to buy more BTC.
I wouldn't say we should keep trading bitcoins because I am myself more of a long term hodler.
I don't sell my coins whether it is a bull run or a bear run. Diamond hands are here.
I wouldn't say we should keep trading bitcoins because I am myself more of a long term hodler.
I don't sell my coins whether it is a bull run or a bear run. Diamond hands are here.
Sorry if I have doubts on your regrets, price today is 47000. Only about 18% more than your exit price.
You had $1600 from when you sold. If you had kept your BTC then you would have 0.04 btc. Buy it today and you have over 0.034.
That is really not a price difference to worry about.
When BTC is 100k, will you be concerned about the extra 6000 you would have gained if you kept at the old price? So do not add mistake upon mistake
You had $1600 from when you sold. If you had kept your BTC then you would have 0.04 btc. Buy it today and you have over 0.034.
That is really not a price difference to worry about.
When BTC is 100k, will you be concerned about the extra 6000 you would have gained if you kept at the old price? So do not add mistake upon mistake
I also have doubts on his regrets, I am not in the habit of believing what people say in the forums, especially if there are things that don't add up, as you point out.
But let's assume that what the OP says is true. What I would say to him and anyone else in his situation, is that before he invests a single penny again, that he should be clear about why he wants to invest, for how long and above all I would remind him to do it with money he doesn't need.
The argument of whether the price has gone up or down some more does not hold water. It would be better to think that one wants to invest in Bitcoin because he has understood its decentralized, limited, autonomous, uncensurable nature, its ability to store and transfer large amounts of wealth and at the lowest cost and that for these reasons he wants to invest in it with money he does not need. That way the OP instead of thinking about selling what he would have thought is to buy more, and would not have opened this thread and would have opened another one telling us how wonderful is the DCA Bitcoin.
I absolutely agree with you that Bitcoin is a long-term investment and we should hold it, but not to sell as it will be much more expensive in the future. My strategy is to buy more and more bitcoin on every correction and wait 5 or 10 years and then I believe that I will lock up a huge profit from my crypto investment. Apart from Bitcoin, I also hold Ethereum, BNB and Matic.
That is good experience you have and you should continue to explore the bitcoin word like that only. Never repeat the mistakes and this will surely reduce the losses we incur all the time. Bitcoin as whole is good concept to put our investment into it. Though well thought out of transaction based ideology it is now has become way to make profits through trading, mining, and hodling.
The only thing one needs to follow is: Be patient enough to wait for your turn. Everyone makes money here by adding their real world money slowly, which you seems to be following all the time. Keep doing that and one day bitcoins upright prices will tell the story of profits.
The only thing one needs to follow is: Be patient enough to wait for your turn. Everyone makes money here by adding their real world money slowly, which you seems to be following all the time. Keep doing that and one day bitcoins upright prices will tell the story of profits.
That is good advice. Hold as long as you can while you have a chance to sell your bitcoin at a high price in a few months or years later. Even if you are a trader and use the buy low and sell high, you should have some portions that you will still hold and not sell all of your bitcoin because you want to increase your bitcoin amount from the trading. That is not easy doing that as many tempting things that we will face, including the volatility of the price, how the bitcoin price will move. But that is the challenge.
If you can pass that, I am sure you will see a big profit in the future and your waiting time will be worth it because, in the end, you will make a profit. Maybe this year will be a bearish time, so that can be a good time to start buying bitcoin and hold it for some time.
If you can pass that, I am sure you will see a big profit in the future and your waiting time will be worth it because, in the end, you will make a profit. Maybe this year will be a bearish time, so that can be a good time to start buying bitcoin and hold it for some time.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time.
My advice is if you buy 1 Bitcoin, you should separate it into some pieces and have plan to take capital back first, then take profit with pieces gradually. To do this, you must invest in your own money, not loan, not leverage, etc.If you can split your 1 BTC into 10 pieces, and reserve 0.1 BTC for next 10 years, let's check back next 10 years to see whether with 0.1 BTC in 2032, you will be able to sell it with high value than 0.9 BTC you sell this year or next couple of years.
The best strategy is taking profit in order to get initial capital back. For the rest of your initial investment, you can bet with your belief and the market.
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I have learned big from that small mistake of the past 2020-2021.
You did not make mistake and you should enjoy won trades or investments you have. If you feel you made mistake by taking profit too early, it's bad and will affect your next decisions. Jump to: