My Bitcoin mistake In 2020-2021 - page 6.

buwaytress

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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 Wink

pealr12

hero member

Activity: 1946

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At some point you will want to sell your btc because you just can't keep holding forever, the thing is, you don't have to feel sorry for selling since you made some profit in the process, assuming at that time btc price was declining perhaps you will be glad to have sold at the time you did,
So moving forward, it is better to have a price target to sell and forget about the rest.

cabron

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Quote from: Mpamaegbu on January 02, 2022, 08:30:13 AM

You made a ROI in the multiple of three, so I don't even see it as a mistake if price continued upward after you sold off. It would be a mistake by my judgment if you had sold in loss and shortly after that price went in your direction and into profit or you had sold off and bought a certain altcoin which then dumped or scammed. That's the way I see this. We certainly don't know where price would ever head to at any point in time. Thus, we shouldn't feel bad when we sell in profit, thinking price will dip but it continued to soar. Once it's sold in profit, that should be a consolation.

I would also be happy to have profited up to 3x too. He however wants to roll the money to profit more. I wouldn't mind buying back the BTC as long as I get in at the right time where the indicators will tell me that the price has already bottomed. But I might just use the $800 only and take the capital back at least I wouldn't be worried about loss but just keep playing the amount left by finding an opportunity to buy and sell.

It's a good way to learn how the market works either on a particular altcoin pair or simply just on BTC/USDT.

mk4

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Early on, always try to decide what route you're trying to take the trading route, or the investing route. So in the end you're not going to have these sort of "regrets".

Though even going the "investing" route, you're still going to have these itches to try to time the markets. For this, simply just allocate a smaller amount of your total funds for your trading.

Doell

hero member

Activity: 2156

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If that is a mistake what will happen to people who buy at high prices and sell at lower prices ? Selling at a loss due to panic is a serious mistake ,different from selling when you have a hit some profits as cases OP is a regret not a mistake but nothing to regret also because you can try it in the coming year and I think invest in bitcoin is never too late

Mpamaegbu

legendary

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You made a ROI in the multiple of three, so I don't even see it as a mistake if price continued upward after you sold off. It would be a mistake by my judgment if you had sold in loss and shortly after that price went in your direction and into profit or you had sold off and bought a certain altcoin which then dumped or scammed. That's the way I see this. We certainly don't know where price would ever head to at any point in time. Thus, we shouldn't feel bad when we sell in profit, thinking price will dip but it continued to soar. Once it's sold in profit, that should be a consolation.

Wiwo

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Well I decided to create this thread to share my Bitcoin mistake and the lesson has learned 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.

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