This is a common act that we do. You've decided to sell at the price of $18,000 and there's no need for you to rethink it. The feeling of regret will remain there if you keep thinking about it and that's not easy to remove.
You just did your part of taking profits and I did it too before and even lower than the price you've sold. What matters is that whenever you sell, you still keep a portion for the long term keeps.
As long as you've managed to use that profits properly and you knew that it has been used for good, no regret. And as your choice, you're still free to buy during the dips.
Topic: Oh that feeling... when the price goes crazy...after you sold! - page 5. (Read 892 times)
January 08, 2021, 09:21:11 AM
January 08, 2021, 09:20:20 AM
Price has been rising like anything. Everyone who are into the cryptomarket need to have the patience and the betterment of making immediate decisions. Most of the users here cashout only on need. Upon this there is nothing to regret, because we've used it on something as there is no option.
January 08, 2021, 08:58:05 AM
For me, "There is nothing wrong with taking profits".
No one knows the next move of Bitcoin, it will only dump or pump. The last time I bought Bitcoin below $10,000, I have my goal that if Bitcoin reaches X price, I will sell some or will take profits, and use those profits in a good way, buy some needs for my family, treat myself and not to use in gambling those profits.
I always think that there will be always a good opportunity to buy Bitcoin.
No one knows the next move of Bitcoin, it will only dump or pump. The last time I bought Bitcoin below $10,000, I have my goal that if Bitcoin reaches X price, I will sell some or will take profits, and use those profits in a good way, buy some needs for my family, treat myself and not to use in gambling those profits.
I always think that there will be always a good opportunity to buy Bitcoin.
January 08, 2021, 08:51:11 AM
This is my exact feeling when I sold BTCs when it was around $16K+ approx. I bought some sats when it was still cheap around $12K+. My profit would have been sweeter if I did not sell too early. This is exactly how crypto works. We can’t predict the price right, because the movements are unexpected and can pump or dump without warning.
January 08, 2021, 08:47:01 AM
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
Mostly buying back after a few dip. As long as you don't sell 100% of your Bitcoin holdings, you'll not regret it since you are still holding, at least that's what I do. It seems that you are still holding a few coins though so it's okay to buy back, you're at a profit anyway.
That's a lost opportunity and you cannot bring it back. It is futile to cry over spilled milk. Well, you learn your lessons and move on. Regrets won't help you. I guess we all have gone through more or less similar situations.
We've been here before. We've known and bought and earned Bitcoin for years now, and between the past and today many things have happened. It is almost impossible for us average Bitcoin holders not to spend or convert some of it all through those years.
I actually paid a significant amount of fiat-denominated debt in Bitcoin in the third quarter of last year. I didn't have to pay it at that time but because I thought the price has already recovered enough, I deemed it the perfect time to pay a large debt. That was when the price of Bitcoin was around $10,000. We all know the price has quadrupled since then. Well, I can only shrug and take a deep breath and that's it.
We've been here before. We've known and bought and earned Bitcoin for years now, and between the past and today many things have happened. It is almost impossible for us average Bitcoin holders not to spend or convert some of it all through those years.
I actually paid a significant amount of fiat-denominated debt in Bitcoin in the third quarter of last year. I didn't have to pay it at that time but because I thought the price has already recovered enough, I deemed it the perfect time to pay a large debt. That was when the price of Bitcoin was around $10,000. We all know the price has quadrupled since then. Well, I can only shrug and take a deep breath and that's it.
Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.
A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)
Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.
Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)
Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.
Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
You can't really blame yourself with that you made that decision few weeks ago and you should deal with it. Even though this is not trading related but I think I get your point I've been into gambling and most of the time I choose to do a "Last bet" and always ended up losing to deal with it I just entertain my self to different stuff such as watching movie or any not related to gambling I think if you really can't leave it out on your system you can just reinvest again on Bitcoin.
It has happened to me many times, but I have learned to deal with it, and it is no longer a problem for me. Every year during Black Friday and during the upcoming holidays I sell some BTC to buy some things for myself and my loved ones, and I can't regret that today the price is more than twice as high as at that time.
Of course, we need to find the right balance between spending and saving, so as long as that's the case, I'm not sorry that I spent a small part of BTC - I'll do it again regardless of the price when I want to buy something for BTC or when I need extra cash.
Of course, we need to find the right balance between spending and saving, so as long as that's the case, I'm not sorry that I spent a small part of BTC - I'll do it again regardless of the price when I want to buy something for BTC or when I need extra cash.
--snip--
You could not have said this any better, because that is exactly how I feel at the moment. I just know if I did not sell those coins and the price went back to $10 000 or $12 000... then I would have felt much worst. That is money in the Bank now... and I killed a lot of small jackals with those irritating debts that had to be settled.
The settled debt takes away the monthly payments and also the interest on the outstanding balance... so it is a double bonus for me. ( I get interest on the balance in the Bank AND I have more money to spend, without all the high interest I had to pay on that debt )
You could not have said this any better, because that is exactly how I feel at the moment. I just know if I did not sell those coins and the price went back to $10 000 or $12 000... then I would have felt much worst. That is money in the Bank now... and I killed a lot of small jackals with those irritating debts that had to be settled.
The settled debt takes away the monthly payments and also the interest on the outstanding balance... so it is a double bonus for me. ( I get interest on the balance in the Bank AND I have more money to spend, without all the high interest I had to pay on that debt )
Looks like you're one of the lucky ones to live in a country where you still receive intrest for the money in your bank account... In my country the intrest rates of allmost all banks has dropped to 0.01%, but an average account costs like 3€/month, and you have to pay an extra tax when the bank calculates you intrest...
You need to have an account with >300.000 euro's to make a net profit (not including inflation) if you keep your money @ the bank in my country.
But yeah, my mortgage still has an intrest rate of 1,4%, so paying off part of my mortgage will have a positive effect on my family's monthly balance... And i feel better when i have less debt with big banks nowadays.
I also sold some of my stash (about 20% of what i'm holding) at 22.000€, now we're at 32.000€... It'll make a reasonable dent in my mortgage, make life easyer for my family over the next 15 years even if i sold early...
The thing you have to remember is that nobody has a magic mirror, at the time you sold your btc @18k, it was perfectly possible you were selling at the absolute top. There was no way of knowing this, there was a 50/50 chance the price would rise (so there was also a 50/50 chance it would plummet).
Only a very small percentage of the sellers will succeed in selling exactly at the highest point and buying back at the exact lowest point... And even then: it's just a game of luck.
If you're around long enough, you're bound to make some mistakes. I can only say i've learned a couple expensive mistakes IRL over the years. In this case, selling early isn't even a real mistake in my book.
The thing you have to remember is that nobody has a magic mirror, at the time you sold your btc @18k, it was perfectly possible you were selling at the absolute top. There was no way of knowing this, there was a 50/50 chance the price would rise (so there was also a 50/50 chance it would plummet).
Only a very small percentage of the sellers will succeed in selling exactly at the highest point and buying back at the exact lowest point... And even then: it's just a game of luck.
If you're around long enough, you're bound to make some mistakes. I can only say i've learned a couple expensive mistakes IRL over the years. In this case, selling early isn't even a real mistake in my book.
You could not have said this any better, because that is exactly how I feel at the moment. I just know if I did not sell those coins and the price went back to $10 000 or $12 000... then I would have felt much worst. That is money in the Bank now... and I killed a lot of small jackals with those irritating debts that had to be settled.
The settled debt takes away the monthly payments and also the interest on the outstanding balance... so it is a double bonus for me. ( I get interest on the balance in the Bank AND I have more money to spend, without all the high interest I had to pay on that debt )
Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.
I decided to sell a coin or two..
Meaning you still have much on your pocket ,so that doesnt Bothers you anyway , selling at 18,000 but the price continue to grow to 40,000 meaning the supposedly losses on those 2 coins are already covered .I decided to sell a coin or two..
Quote
Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.
valid reason , Nothing to explain further.Quote
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
I also sold some of my stash (about 20% of what i'm holding) at 22.000€, now we're at 32.000€... It'll make a reasonable dent in my mortgage, make life easyer for my family over the next 15 years even if i sold early...
The thing you have to remember is that nobody has a magic mirror, at the time you sold your btc @18k, it was perfectly possible you were selling at the absolute top. There was no way of knowing this, there was a 50/50 chance the price would rise (so there was also a 50/50 chance it would plummet).
Only a very small percentage of the sellers will succeed in selling exactly at the highest point and buying back at the exact lowest point... And even then: it's just a game of luck.
If you're around long enough, you're bound to make some mistakes. I can only say i've learned a couple expensive mistakes IRL over the years. In this case, selling early isn't even a real mistake in my book.
The thing you have to remember is that nobody has a magic mirror, at the time you sold your btc @18k, it was perfectly possible you were selling at the absolute top. There was no way of knowing this, there was a 50/50 chance the price would rise (so there was also a 50/50 chance it would plummet).
Only a very small percentage of the sellers will succeed in selling exactly at the highest point and buying back at the exact lowest point... And even then: it's just a game of luck.
If you're around long enough, you're bound to make some mistakes. I can only say i've learned a couple expensive mistakes IRL over the years. In this case, selling early isn't even a real mistake in my book.
Here's a very similar topic just posted yesterday. 
Topic: How do you deal with 'Selling early' regrets?
Anyway, you said you sold because you needed the extra push, and you did achieve that. I really don't see the problem in your case assuming you actually still have a good amount of bitcoin left; also taking into consideration that timing a buy or sell position is almost impossible anyway so there's almost nothing you could've done to predict this price increase. I mean, what if it ended up going the other way instead?
Also, there's a reason why I personally almost never sell a substantial amount of bitcoin without any reason. (e.g. I need to pay $1k to my dentist, so I only cash out $1k worth of BTC. No more, no less).
Topic: How do you deal with 'Selling early' regrets?Anyway, you said you sold because you needed the extra push, and you did achieve that. I really don't see the problem in your case assuming you actually still have a good amount of bitcoin left; also taking into consideration that timing a buy or sell position is almost impossible anyway so there's almost nothing you could've done to predict this price increase. I mean, what if it ended up going the other way instead?
Also, there's a reason why I personally almost never sell a substantial amount of bitcoin without any reason. (e.g. I need to pay $1k to my dentist, so I only cash out $1k worth of BTC. No more, no less).
Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.
A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)
Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.
Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)
Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.
Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
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