Topic: Oh that feeling... when the price goes crazy...after you sold! (Read 925 times)
Well, definitely it is your practical turn to decide for yourself, I think after you sold as well as no third party, you can enjoy it even earlier and besides, surely you still seeing what you have achieved. Additionally, there is nothing wrong with selling as long as it is used in a prudent manner especially in business planning for the next target, we must be able to accept when the price goes crazy, In fact, it is really normal.
Its natural, I remember when I trade in stock whenever I sold a stock after long holding the price starts moving up. In case of bitcoin just set your goal price and sell when you are at that price. Just be happy with profit you have, dont be greedy.
Yes i know that it might be really upsetting when you decided to sell but then the price really went up. But, well, it happened already, no need to regret it anymore, nothing can be done again. If you really feel disappointed, maybe try to hold your coin for longer next time. But still, the price will fluctuates no matter what, the price will increase, or decrease a lot. You must feel satisfied with a certain amount, and not expecting it to be higher and higher without wanting to sell it. As long as you don't experience loss, it's good enough I think.
I feel the same way, but I wouldn't do that thing if I don't need cash that time, when the price of the bitcoin goes $25000, I sold 0.001 BTC because of a personal reason and I regret it when the price keeps on increasing. I know that a lot of hodlers did the same thing when bitcoin reaches the new ATH, no one knows that it could reach fo about $60000 and keeps on being strong. Salute on bitcoin.
When my goal is achieved i never regret even though the price skyrocketing after i sell.
No need to upset about that, you still getting your profit and not loss.
Just be gratefull my friend, no one knows the future so dont need to regret about your decision. Cheers!
No need to upset about that, you still getting your profit and not loss.
Just be gratefull my friend, no one knows the future so dont need to regret about your decision. Cheers!
I am pretty sure that there are so many stories like you have here in the forum, and also just like me we also have the same story after I have sell my holdings when the price breaks the ath of around $23,000 I've already sold my holdings and now I am regretting it because I've sold my holdings very early although I don't know that it will double the price after some weeks, however I am still pretty bless that the holdings that I am sold has brought me new things to be done, just like I've already buy some luxury perfumes and etc.
When working with cryptocurrency, it is simply impossible to carry out buying and selling actions that would fully correspond to our desire to sell at a higher price and buy at a lower price. Lost profits and even direct losses will always be there. It just needs to be taken as a necessary and recurring cost of cryptocurrency.Of course, we all have emotions and therefore we will never get used to it. Therefore, we will always feel regret and this is absolutely normal.
January 13, 2021, 07:54:05 AM
I am pretty sure that there are so many stories like you have here in the forum, and also just like me we also have the same story after I have sell my holdings when the price breaks the ath of around $23,000 I've already sold my holdings and now I am regretting it because I've sold my holdings very early although I don't know that it will double the price after some weeks, however I am still pretty bless that the holdings that I am sold has brought me new things to be done, just like I've already buy some luxury perfumes and etc.
January 13, 2021, 07:37:22 AM
No one predicted that btc will go far like this Brother 😉 and this is all about institutional investor strategy .. They pump it and as well dump it slowly.. I am not thinking again about my btc lose because it has gone already 😉. Now its time to look on eth as well another altcoin movement because its look like ath gonna create new ath.
January 12, 2021, 09:07:34 PM
This situation i'm also face many times.Even that types of experience also happened with my altcoin.When i think price will up then price goes down.So, this is not a big matter for a crypto traders.
January 12, 2021, 08:40:48 PM
The felling is more crazy if the price keep up and you dont have any to sell ouchhhh just like me hahahhah watch and smiley
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January 12, 2021, 06:08:38 PM
I wouldn't recommend taking a loan from the bank that's just too risky and if you are a trader you should know how to minimize your losses and not taking the dangerous path in which you almost done but thankfully you didn't. The Bitcoin market is very unpredictable and we never know if we'll see another ATH next month that's why don't ever risk loaning in the banks.
Bitcoin market is unpredictable but I am talking about the seeking bank loan as an alternative instead of selling ones Bitcoin holding in this rally market in other not to miss the opportunity the market will bring and I am not referring to getting the loan in other to invest in cryptolegendary
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January 11, 2021, 03:15:58 PM
I wouldn't recommend taking a loan from the bank that's just too risky and if you are a trader you should know how to minimize your losses and not taking the dangerous path in which you almost done but thankfully you didn't. The Bitcoin market is very unpredictable and we never know if we'll see another ATH next month that's why don't ever risk loaning in the banks.
Bitcoin market is unpredictable but I am talking about the seeking bank loan as an alternative instead of selling ones Bitcoin holding in this rally market in other not to miss the opportunity the market will bring and I am not referring to getting the loan in other to invest in cryptoIt is true that when you will invest in the crypto market with a bank loan, you always have to be under a mental stress, because they will take interest money from you. However, interest free loans can be taken to invest in the crypto market. If you get interest free money from someone in your family or relatives who has surplus money, you can invest it, even you can share the profit by discussing with them.
January 11, 2021, 02:51:58 PM
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
Most of the time then you will be asking out for some price decline or crash in the market for you to get in or buy those cheap coins.
Sell regret is common into this market on where people do really regret when they sell off early on where they do thought that they had able to earn double
if they held back a little more.Well, mistakes like these are inevitable because we don't know on what would happen next.If we do saw
that we are making some profits in 18k price then its just a normal reaction for us to think that this might be the right time
to exit and secure profits and since market is unpredictable then these kind of circumstances are quite common.
January 11, 2021, 02:41:48 PM
..so I sold some.
you still have a btc with you because you only sold some and you didnt sold all so why regret ? and instead of complaining why not sell again at the latest high ?
but since you know the pattern that price can work like a ladder increasing after some time you dont need to sold all your coins just so that you can feel what its like to sell at the highest ath or you can erase those bad memories and start again buying and hodling strong till you are commited to hodl up to the point where you really want to sell your coins .
January 11, 2021, 02:27:19 PM
For those who feels crazy when after sale price goes up, I suggest to devide balance into several wallets and in case you urgently want sell - sell the balance only from one wallet. You will either lose only part, or missed an opportunity to earn only with a part of your balance. Or try to get used to such ups and downs. It is better to keep head fresh than to worry about every early sale.
January 11, 2021, 01:54:19 PM
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?)
Since you said you needed some extra cash that's why you sold your coins then that is okay and we all did that way maybe because of the basic needs or allowance for the pandemic as we are all affected. This happens to almost all of us and that is the reality. You are lucky enough to sell that high and not cutting loss. In my case I am always at loss because I don't have Bitcoin on my wallet whether the price is low or hight it does not matter to me because I have nothing to sell and nothing to buy you know what I mean. You can only hodl and earn a lot if you have extra money for daily needs since you don't need to sell your coins that is the perks of having extra money or being wealthy. 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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January 11, 2021, 01:49:03 PM
I was in his position last year though I sold on December due to emergency purpose and because I don't expect the January market to be this outrageous bullish and like you said this will be a good lesson for everyone cause I should have asked my bank for a loan which I would have payback by now whilst I still save some rather than selling my BTC instead selling
I wouldn't recommend taking a loan from the bank that's just too risky and if you are a trader you should know how to minimize your losses and not taking the dangerous path in which you almost done but thankfully you didn't. The Bitcoin market is very unpredictable and we never know if we'll see another ATH next month that's why don't ever risk loaning in the banks. January 11, 2021, 12:02:15 PM
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).
I bloody sold when it was down at $4=$12k but I needed the fiat and crypto is my only source of fiat.
I always try to remind myself that it could have gone the other way but I can't help but feel the odds were far in bitcoins favour and I still believe it is. In hindsight, it is easy to judge. So you had a car crash? Why didn't you swerve around the person left and not right? When you flip a coin? Why did you not pick heads instead of tails? It is easy to look at the chart and say "Well I should have bought here and sold there" but you are looking back with godlike insight.
I agree with you, it is a good idea to sell every now and again and enjoy the benefits.
January 11, 2021, 07:38:27 AM
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)
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 $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
Dealing with it instantaneously would not be easy to do since you might feel disheartened at that moment and its up to you if you want to instantly buy some bitcoins at a high price, however buying on the dip is actually better because we really believe that Bitcoin will have another skyrocketing moment in the future.
January 11, 2021, 05:43:02 AM
The past is the past. Regret only makes things worse. I know that you can't escape from this feeling but remember: you can not change the past. Being regretful consumes you a lot of time. I only have a few tips that I use to overcome this feeling. First, try to make yourself as much comfortable as you can by creating new hobbies, learning new things, reading books or even working to fill your free time. The more free time you have, the more you think of the past. Second, talking to others is also a way to ease the pain. And you are doing it correctly. But not just on the internet, I bet you have some of your friends who can hear your thoughts in a real-world without judging you. Being listened to is a way to make us feel more positive as well as pleasing.
January 11, 2021, 03:25:34 AM
Now might be a good time to buy some back in if you were regretting cashing out too early?
January 11, 2021, 03:05:54 AM
You are good already mate because see now market having bitcoin market falls down so fast. I was.hoping tha it could still bounce back and get into 50K$ per btc in the following weeks. Well, bitcoin market is being dictated by the bitcoiners and whales has the great role of it whether to hold or sell their holdings that can greatly affected bitcoin market price movement.
January 11, 2021, 02:52:17 AM
I'm experiencing a similar feeling today watching the price go crazy DOWN .. I sold for cash on Friday ,and gained 400% profit . Oh what a feeling !
I'm looking forward to buying back in when ever it bottoms out .
I think probably around $14,000 . Yipee Kiyii .
I'm looking forward to buying back in when ever it bottoms out .
I think probably around $14,000 . Yipee Kiyii .
It is even worst when you decide to sell and while you are waiting for the "sweep" of the coins to confirm and for the coins to be transferred to the Exchange and suddenly the price goes down by almost 15%
You get that sinking feeling that says... "You idiot..you waited too long" and then you rush the transactions and do not check the fees and pay $1000 for miners fees.
The price is going down again now, so more people will be experiencing this feeling soon.... Oh why did I not sell sooner.
January 11, 2021, 01:17:54 AM
It feels like the market was playing you and it really is irritating or annoying.
I experience it countless times already that is when I decided to just hold my crypto and only sell when I need the money.
But it is also annoying when you miss the chance to sell at the high price or before the price goes down.
I experience it countless times already that is when I decided to just hold my crypto and only sell when I need the money.
But it is also annoying when you miss the chance to sell at the high price or before the price goes down.
January 11, 2021, 01:09:35 AM
But I don't regret selling Bitcoin for $ 30,000. Because I have already gotten a sizeable profit.
I actually did the same. It's somehow making me resent but you know what I realized just now? I think it's also regretful if you didn't sell when the price was at it's peak. Makes me wish to turn back the time. But, what else can we do? Things like these really happen and I think that's also normal to feel regret. Let's not just dwell on it. Let's be patient once more and be open to the opportunities that come with the crash. 
January 10, 2021, 11:34:34 PM
Well.. I don't know whether it will go down to $14,000 per coin, but looking at the history of Bitcoin prices, I would say that it is not impossible. Back in 2017, after we reached the ATH of $20,000 per coin, the prices crashed to around $3,000 in less than 12 months. The same happened in 2013 as well, after the peak valuation of $1261 was attained. Within one and half years, the prices went down to $200 per coin. In both occasions, the prices plunged by around 85% from the peak pricing. A repetition of the same would mean Bitcoin going down to $6,000 per coin.
The crash might be even larger, that's when it's goooood to enter. *evil laugh*
January 10, 2021, 11:20:15 PM
I'm experiencing a similar feeling today watching the price go crazy DOWN .. I sold for cash on Friday ,and gained 400% profit . Oh what a feeling !
I'm looking forward to buying back in when ever it bottoms out .
I think probably around $14,000 . Yipee Kiyii .
I'm looking forward to buying back in when ever it bottoms out .
I think probably around $14,000 . Yipee Kiyii .
Well.. I don't know whether it will go down to $14,000 per coin, but looking at the history of Bitcoin prices, I would say that it is not impossible. Back in 2017, after we reached the ATH of $20,000 per coin, the prices crashed to around $3,000 in less than 12 months. The same happened in 2013 as well, after the peak valuation of $1261 was attained. Within one and half years, the prices went down to $200 per coin. In both occasions, the prices plunged by around 85% from the peak pricing. A repetition of the same would mean Bitcoin going down to $6,000 per coin.
January 10, 2021, 10:46:13 PM
I'm experiencing a similar feeling today watching the price go crazy DOWN .. I sold for cash on Friday ,and gained 400% profit . Oh what a feeling !
I'm looking forward to buying back in when ever it bottoms out .
I think probably around $14,000 . Yipee Kiyii .
I'm looking forward to buying back in when ever it bottoms out .
I think probably around $14,000 . Yipee Kiyii .
January 10, 2021, 08:26:27 PM
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?)
I understand that today is not my day. Then I just take food, make myself tea and turn on some movie or TV series and try not to think about it. That's how I'm dealing with it 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 should try 
January 10, 2021, 08:25:48 PM
I guess everyone has experience this in this bitcoin journey.
I myself, almost see this, once I sold the price really took off, and I just shrug it off. That's why it's really better to be a holder in this bull market that we are witnessing so far. Just sell when you really need the money. And with the current pullback, better to stack sats now, just saying.
I myself, almost see this, once I sold the price really took off, and I just shrug it off. That's why it's really better to be a holder in this bull market that we are witnessing so far. Just sell when you really need the money. And with the current pullback, better to stack sats now, just saying.
January 10, 2021, 07:46:26 PM
I had a similar experience like the OP when I sold at $27K then I needed some urgent cash to settle a debt, just within a range of two to three days the price went to moon invariably losing some reasonable amount of profits however that is the risk involved with cryptos perhaps if
I decided to hodl and the price dumped I will also regret not selling earlier thus not meeting my target, all this kind of situations will persist in cryptoshpere nothing can be done to salvage it.
I decided to hodl and the price dumped I will also regret not selling earlier thus not meeting my target, all this kind of situations will persist in cryptoshpere nothing can be done to salvage it.
January 10, 2021, 06:58:16 PM
I was lucky enough to refrain from taking profits when the Bitcoin price went up to $ 18,000. After that Bitcoin finally reached a price above
$ 20,000. Which is the moment that makes me confused about whether to take profit or not. Finally, the price of Bitcoin keeps going up and up,
and I finally can't help myself anymore. Then sell Bitcoin at a price of $ 30,000. What turns out that Bitcoin is still continuing its price increase
reaching $ 40,000. But I don't regret selling Bitcoin for $ 30,000. Because I have already gotten a sizeable profit. And I hope Bitcoin can be
corrected by going down to a price of $ 20,000 again, so I can buy Bitcoin again.
$ 20,000. Which is the moment that makes me confused about whether to take profit or not. Finally, the price of Bitcoin keeps going up and up,
and I finally can't help myself anymore. Then sell Bitcoin at a price of $ 30,000. What turns out that Bitcoin is still continuing its price increase
reaching $ 40,000. But I don't regret selling Bitcoin for $ 30,000. Because I have already gotten a sizeable profit. And I hope Bitcoin can be
corrected by going down to a price of $ 20,000 again, so I can buy Bitcoin again.
January 10, 2021, 06:52:13 PM
Bitcoin now started to fall down and that is the bad news. The good news is that we can start again collecting btc little by little through bounty and hold it always for the next bull run. I have learn my lesson yes as the title of the OP exactly what I felt now maybe a little bit more intense because I bought high and sell low. This is now my problem seeing bitcoin market on bull run. Well, it is time to move on.
January 10, 2021, 06:44:28 PM
Regret is the ever occuring phenomenon in BTC world. It may sound cliche, but this attitude works for me everytime: I grieve, I extract a lesson (or accept what's irreversible), I move on. Easier said than done though. If you still have BTC, I wouldn't dwell on this too much anyway.
If you will regret every time you sell your btc, then, that's really not good. Getting crazy on what should have done. For me, I learned my lesson, once I sold, I don't go back to that time that I sold it. I just moved on and look for other opportunities. It will just give you headache if you will revisit your trading activities.
January 10, 2021, 06:39:54 PM
Regret is the ever occuring phenomenon in BTC world. It may sound cliche, but this attitude works for me everytime: I grieve, I extract a lesson (or accept what's irreversible), I move on. Easier said than done though. If you still have BTC, I wouldn't dwell on this too much anyway.
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January 10, 2021, 06:14:01 PM
It would be extraordinary if we have bitcoin today at a very extraordinary price. And people who previously owned bitcoin are so lucky they are with such a high price increase.
January 10, 2021, 04:21:38 PM
This always happen to me. Whenever I think of selling BTC, the price starts to go down, but the most strange thing is that the price goes up instantly with sales. When this happens, it makes me very angry & I just wonder why does this always happens to me, not to others!
January 10, 2021, 04:20:06 PM
The feeling of this situation is really painful when you have been holding bitcoin for a long time and after selling for a small profit, the market rises rapidly and reaches a high price. I had some deposited bitcoins which I sold at $13k then the market quickly went up to $40k. And I'm thinking right now that if I hadn't sold my deposited bitcoins at that time, I could have made a lot more profit. While it is frustrating to see the market rise after the sale, it is a part of the trade and not to despair, we need to focus on the next step.
It is indeed true, that is the time you realized that you shouldn't sell it that time, but regrets are normal when you have experienced that. The only thing you can do now is to learn from it, you cannot predict the price that is why you don't know when is the perfect time to sell. It is either you will win or you gain regrets on your own decision. You should move on and continue on what you are doing, as long as you are taking profit that is good for now, just don't be greedy next time so that you will not lose your money. January 10, 2021, 04:16:43 PM
Nothing to regret if you sold it because you were faced with important/urgent things, even Andreas M. Antonopoulos did same things many years ago, but he still active on cryptocurrency space.
I agree. I have sold my coin due to urgent needs caused by pandemic. In fact I consider myself lucky that time because I have my coin as back up. At first I feel regretful that I did not hold it, but then I realize I should be thankful because I survived the crisis through my coins.
January 10, 2021, 03:50:10 PM
Haha, not just bad feeling but my world moves upside down when this happens in the first place. I guess this is what we define as time period just before fomo and after fomo if you don’t react timely. But I had this experience many times now and it’s now time to show some stubborn skills and try to buy as much as I could no matter what the price is. If you do this then you could settle up for best profits ever and that’s too without any more stress on your mind while making this trade.
January 10, 2021, 01:12:06 PM
The feeling of this situation is really painful when you have been holding bitcoin for a long time and after selling for a small profit, the market rises rapidly and reaches a high price. I had some deposited bitcoins which I sold at $13k then the market quickly went up to $40k. And I'm thinking right now that if I hadn't sold my deposited bitcoins at that time, I could have made a lot more profit. While it is frustrating to see the market rise after the sale, it is a part of the trade and not to despair, we need to focus on the next step.
January 10, 2021, 12:51:18 PM
You have nothing to do with it but to regret and learn from it because after you sold your bitcoins then it is too late for you to reflect.
There are a lot of investors who are confident enough to sell in a certain price like $30k mark but they ended up regretting their decisions. But we need to just keep moving on if we did that because you have nothing to do but to accept the fact that you rushed things in bitcoin industry.
Don't rush things and take time predict when will its price go down so always be patient and observe the market.
There are a lot of investors who are confident enough to sell in a certain price like $30k mark but they ended up regretting their decisions. But we need to just keep moving on if we did that because you have nothing to do but to accept the fact that you rushed things in bitcoin industry.
Don't rush things and take time predict when will its price go down so always be patient and observe the market.
January 10, 2021, 12:37:13 PM
If I were you I wouldn't feel bad selling some BTC with most of your coins still left, as I understand your situation is. It's also good time to look into buying BTC again with price correction starting right now. So it's not all lost IMO. Most of us had situations like this at one point or another. Chin up OP!
January 10, 2021, 12:20:51 PM
So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)
I just let it go. Way back in 2016 I sold a dozen BTC at the price of 2k and after 4 months the price goes up to 20k. I never had any regret because at that time I needed the money badly to renovate our home and pay for my family debt. I settled all the debt and be able to fix the house with those funds. Let us be happy with the help those funds gave us, regretting will only cause disappointment and depression and it beats the purpose why we sell those BTC in the first place.
January 10, 2021, 11:21:23 AM
The reason why we plan for long-term is only because if we require that in future for an emergency, sometimes we have to overcome and react according to the situation.
And yes even I have experienced that I mean after selling and price will gradually grow in rapid speed and that's really frustrates like I did a big mistake, after sometime I use to satisfy myself that whatever happened only for good cause and I was not greedy too because I sold it only for the purpose.
And yes even I have experienced that I mean after selling and price will gradually grow in rapid speed and that's really frustrates like I did a big mistake, after sometime I use to satisfy myself that whatever happened only for good cause and I was not greedy too because I sold it only for the purpose.
January 10, 2021, 11:11:30 AM
If it's just an altcoin I wouldn't really regret it but if it's BTC, it's going to be another reason to feel bad. I also tried to sell my WAVES as it dropped close to $5 recently and now it's bouncing again. I sold and suddenly the price went up. It feels like the market just waited for me to just fill the orders of those who are buying at such a low price.
The regrets will double if its BTC that I sold but if I were OP I will buy back again the BTC when it dips. No prayers will help earn the money back unless we invest again.
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January 10, 2021, 10:12:31 AM
It would be extraordinary if we have bitcoin today at a very extraordinary price. And people who previously owned bitcoin are so lucky they are with such a high price increase.
January 10, 2021, 09:57:54 AM
Dealing with it will never be easy, even if this happens to you for multiple times. But if you think about it, the only choice you have now is to move forward and continue moving forward.
I am not a speech presenter or any kind of motivational speaker, but as for me, I am just always reminding myself about the futures to come, and the decisions I made are made for a reason. Reasons that I know in that current time I made are the best thing I can ever do.
Just as like what Lewis Robinson always says. "KEEP MOVING FORWARD"
I am not a speech presenter or any kind of motivational speaker, but as for me, I am just always reminding myself about the futures to come, and the decisions I made are made for a reason. Reasons that I know in that current time I made are the best thing I can ever do.
Just as like what Lewis Robinson always says. "KEEP MOVING FORWARD"
January 10, 2021, 09:50:19 AM
Sorry to hear that but in my case, every time I sell my coins I always make it a point that it would be my last option- meaning that I would not regret it.
To give you a concrete example, last 2017 I sold around $200 worth of btcs ($10,000/btc) due to a medical emergency in my family. Since I had no cash left from my savings, I decided to use my bitcoins to help my brother. After a couple of weeks, its price skyrocketed from $10,000 to $19,000. I did not regret it as the situation called for a medical emergency.
In conclusion, what I am saying is before you cash out your bitcoins, make sure that you are 100% committed to that decision. I know it is inevitable to feel like you've lost but always be firm with your decision.
To give you a concrete example, last 2017 I sold around $200 worth of btcs ($10,000/btc) due to a medical emergency in my family. Since I had no cash left from my savings, I decided to use my bitcoins to help my brother. After a couple of weeks, its price skyrocketed from $10,000 to $19,000. I did not regret it as the situation called for a medical emergency.
In conclusion, what I am saying is before you cash out your bitcoins, make sure that you are 100% committed to that decision. I know it is inevitable to feel like you've lost but always be firm with your decision.
January 10, 2021, 09:49:08 AM
You must be happy you still have some BTC. There are people who also sold all their BTC this time when BTC reached close to 20000$ mark because they don't want to wait again for 3 years.
Anyone who knows to read the old price charts will understand the once the price reaches the old all time high valuation the price would further rally and if anyone was afraid that we would see a correction and then the price will not rally then it is your fate of understanding the market. Even i sold when it crossed the all time high valuation thinking we will see a minor correction and wanted to purchase again but that never happened and i never sold after that as i will be selling only if the market shows some sort of weakness.I had these terrible feelings in the past when you see the market rallies just after you sell the coins but now i am more matured enough to understand the market and i sold a few only because of the pandemic when it crossed the all time high valuation.
January 10, 2021, 09:19:57 AM
You must be happy you still have some BTC. There are people who also sold all their BTC this time when BTC reached close to 20000$ mark because they don't want to wait again for 3 years. On the other hand most of the traders are regretting to sell earlier this time. They must be thinking like if we hold for another 1 month we will get more profit and In the past 3 years most of the traders learn bitter lesson when you are in profit must sell. If greed stops you can be in loss again and I am satisfied that I sold at good price and this is the market where we learn every time new lesson for future.
January 10, 2021, 02:12:08 AM
In my opinion, if you really have to sell at that time and the need is high, then just sell it, even though in the end a week later the price goes up I won't regret it. Therefore I have learned not to be extravagant and that there is a need for the right balance between spending and saving money.
Yes, because our needs will be the important thing that we need to fill. And if we can save more, we can know how much our expenses, so we can save the rest for the next higher price. We can balance our funds, and we can also make money from the balance. There is no need to regret seeing the price still increase after we sell because we will have the other chance to sell at the next high price. January 09, 2021, 08:58:19 PM
In my opinion, if you really have to sell at that time and the need is high, then just sell it, even though in the end a week later the price goes up I won't regret it. Therefore I have learned not to be extravagant and that there is a need for the right balance between spending and saving money.
January 09, 2021, 08:31:37 PM
I think it doesn't matter if we really have a sudden need and in the end we decide to sell the Bitcoin we have. And it is also not wrong if we sell
Bitcoin when the price reaches $ 18,000. As long as we still get profit after selling the Bitcoin we have. It must be admitted that we are indeed
regret when we find out that Bitcoin has now managed to reach a price of $ 40,000 and our Bitcoin is selling at a lower price.
But the problem is the price of Bitcoin is difficult to predict, who would have thought the price of Bitcoin went up so far. All we better do is just
move on, and start over to collect more Bitcoin. And we must be optimistic that the future price of Bitcoin can be even higher than the current
price.
Bitcoin when the price reaches $ 18,000. As long as we still get profit after selling the Bitcoin we have. It must be admitted that we are indeed
regret when we find out that Bitcoin has now managed to reach a price of $ 40,000 and our Bitcoin is selling at a lower price.
But the problem is the price of Bitcoin is difficult to predict, who would have thought the price of Bitcoin went up so far. All we better do is just
move on, and start over to collect more Bitcoin. And we must be optimistic that the future price of Bitcoin can be even higher than the current
price.
January 09, 2021, 06:30:16 PM
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).
That's some expensive dentist you got there
I do the same. I don't sell to make money because bitcoin is my savings. I also sold some a few times at different levels even lower than 20 thousand but that was because I had a choice between going to the bank and begging for a loan, borrowing from my friends, or selling a bit. Sometimes you don't see any other way and in such case you should never regret or torture yourself.
A trader who chose to sell on Monday when he could wait till Friday can have regrets. People who have families and expenses shouldn't because they aren't selling for fun but out of need.
The important part is that you guys are still in the game.
January 09, 2021, 05:01:46 PM
It is somewhat frustrating on the part of you as a holder to evenly sold too early have been surprised to lately realized that you have done a wrong decision with that move you have made upon seeing the price increase into a lot more greater value beyond your expectation which is really regretful for you are currently thinking that you missed out greater opportunities if you have waited for a little bit longer before selling your coins. Well, it is just a common experience to all of us since we might have encountered that all or nothing situation and might have been an instinct to be done as a lesson learned from the past ATH that happened way back 2017. But you must not be stuck up into such situation wherein you were full of regrets and blaming yourself for it will not help you gain the advantage. What you need to do it regain your composure and start fresh and do better the next time around.
January 09, 2021, 12:28:02 AM
TBH, when Bitcoin is at the $10,000 price I said to myself that all of my holdings right now will be sold when it hits its last ATH of $20,000.
It reached that price, did I sold?? I didn't sold because I saw from its recent movements that it is in a parabolic rise and the price might go up faster than we are expecting and it happened. If only I sold all of my Bitcoin holdings at $20,000 I will feel regret too and will say to myself "Why did I sold it to that price when I know that it will go up more." and I might drink some beers here in my room
. Currently, that is my best decision of the year so far. Choosing to risk and not to sell my holdings.
After reaching my target of $20,000 I have another target right now and when it reached that target I will sell some of my holdings
.
It reached that price, did I sold?? I didn't sold because I saw from its recent movements that it is in a parabolic rise and the price might go up faster than we are expecting and it happened. If only I sold all of my Bitcoin holdings at $20,000 I will feel regret too and will say to myself "Why did I sold it to that price when I know that it will go up more." and I might drink some beers here in my room
. Currently, that is my best decision of the year so far. Choosing to risk and not to sell my holdings. After reaching my target of $20,000 I have another target right now and when it reached that target I will sell some of my holdings
. 
January 08, 2021, 11:45:30 PM
I just say "Oh, the price is rise. I wish I sold it at this time, but it already happened". I can't do anything, and I can only feel sad, but no need to long for me to forget it because I am sure that I will have another chance to sell bitcoin at the other high price. I will wait for the next highest price, so I will make another profit. But that will be different if we really need money in our real life, so that can force us to sell some bitcoin to fill our needs. We will not think twice about the price, and we will sell bitcoin before we are late to fill what we want.
January 08, 2021, 11:22:51 PM
I too sold mine at 23k n 30k and I understand how it feels like. Point is we never know what maximum or minimum price bitcoin will take. Better to settle with some profit rather regret doing greed. Life is simple if you stop complaining.
January 08, 2021, 11:17:54 PM
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?)
I get what you feel because even I sold some of my coins when the price was at $28000. I sold so that I can take out a little profits and go on a holiday and I just booked the tickets and going for a holiday today.
I know it feels bad that we could have waited a little longer and got more for the same amount of bitcoins sold but then what if bitcoin would have dumped if we didn't sell at that point ?
So even though we might feel little regrets, we should take it in a positive way and let it go. If a buy back price occurs then we shall surely buy some of it back but if not then just let it go.
For me, I will enjoy my holiday to the fullest so that I can reap the benefits of not selling cheaper than what I sold for.
January 08, 2021, 10:54:16 PM
It would be extraordinary if we have bitcoin today at a very extraordinary price. And people who previously owned bitcoin are so lucky they are with such a high price increase.
January 08, 2021, 09:35:50 PM
This is perfect time to sell BTC,if anyone hold their BTC.Because, no one khows what happen next with this crazy coin.we are saw also ATH bull ran in 2017.Everyone now this time got double profit.so, it's not bad idea to sell any big pumped coin.
January 08, 2021, 09:20:52 PM
Well, on my end, I deal with it by accepting it. Regrets won't bring yesterday and there's no way for us to change it. I have experienced such even before. I used to blame myself for not being patient enough and for not holding longer, but thinking about my reason, and if it's a valid one and due to an urgent need, then I'm slowly being fine.
That's why, now with the new ATH, I sell little by little so that when the price suddenly spikes, I still have coins left on my wallet and I'm still earning profit. It's undeniable that the spikes make us excited that we tend to be greedy and sell most of our coins but pause for a while and think why you would like to sell. Don't just let greed take over you so there would be no resentment in the end.
That's why, now with the new ATH, I sell little by little so that when the price suddenly spikes, I still have coins left on my wallet and I'm still earning profit. It's undeniable that the spikes make us excited that we tend to be greedy and sell most of our coins but pause for a while and think why you would like to sell. Don't just let greed take over you so there would be no resentment in the end.
January 08, 2021, 09:19:30 PM
It's not a mistake if you sell it for your own purposes. And all will also do that if there is a more important need. But you can buyback if bitcoin
has dipped its price later, at least you will again have a profit opportunity in the future when bitcoin again raises its price. And of course, if you
want maximum profit you have to let your investment reach maximum profit, you must have other savings for your daily needs, or to cover
your sudden needs. So you don't have to sell your bitcoin for other needs.
has dipped its price later, at least you will again have a profit opportunity in the future when bitcoin again raises its price. And of course, if you
want maximum profit you have to let your investment reach maximum profit, you must have other savings for your daily needs, or to cover
your sudden needs. So you don't have to sell your bitcoin for other needs.
January 08, 2021, 09:02:22 PM
There's a slight regret. I feel you as I also converted my 1/4 of my btc holdings at $19k and it skyroketted to $41k. But when I realize I already had doubled profit and I still have btc left to sell off at new ATH.
It's still fine. As long as we didn't be too greedy and be deficit at the end then we don't have to regret that much.
It's still fine. As long as we didn't be too greedy and be deficit at the end then we don't have to regret that much.
January 08, 2021, 09:00:15 PM
everyone who is in the crypto circle must have experienced something similar, there is nothing to be sorry about because the decision you made was right, if asked whether to buy again at a high price or wait for correction the answer will be different.
if for the long term I think there is no problem buying at high prices because bitcoin will continue to grow over time, but if for the short term to trade honestly for the current price I would not dare.
if for the long term I think there is no problem buying at high prices because bitcoin will continue to grow over time, but if for the short term to trade honestly for the current price I would not dare.
January 08, 2021, 08:12:32 PM
Most of all ever dealing with that feeling, presumed sell at a high price and be ready to buy the dip but turned out it rise even higher.
So whenever you sell bitcoin, make sure to have the intention to let go of whatever might happens next, you'll take it with no regret,
at least you sit on profit right, be grateful for what you have and let go of what you've missed.
So whenever you sell bitcoin, make sure to have the intention to let go of whatever might happens next, you'll take it with no regret,
at least you sit on profit right, be grateful for what you have and let go of what you've missed.
January 08, 2021, 02:07:45 PM
More likely it happens with me only in the time of bullish trend. Whenever i sell bitcoin and see a massive jump , it feels like to lose something which is more precious than other living things. But deeply understand that it was needed for my livelihood in that time and that feelings disappeared from my mind.
January 08, 2021, 01:52:47 PM
Just process the feeling and acknowledge that you cannot foresee the future whatever you could do. The price could have dumped again and you would have been happy that you sold. The thing is to inhibit these emotions when you're trading and investing. You missed some yield and so what? There are opportunities everywhere to invest and earn a high yield: you can start a business, trade, retail, manage an app creation, etc.
See the full half of the glass. You did keep a part of your stack, haven't you?
See the full half of the glass. You did keep a part of your stack, haven't you?
January 08, 2021, 01:31:12 PM
You have to keep thinking positively and let it go...
you are not a clairvoyant who knows Bitcoin will be at its current price. You did your best because you sold your Bitcoin at a high price and made a profit from it. I also experienced the same thing and sold too quickly because I really needed the funds. remember, no regrets.
you are not a clairvoyant who knows Bitcoin will be at its current price. You did your best because you sold your Bitcoin at a high price and made a profit from it. I also experienced the same thing and sold too quickly because I really needed the funds. remember, no regrets.
January 08, 2021, 01:11:45 PM
~
I just did the same thing selling my bitcoin at 27k thinking it was a good price already and I did make a profit from it but selling it around 35k$-40k$ is surely a big difference in profit.
But I guess it not that bad as long as you make a profit from it, you could still reinvest that money in cryptocurrency and for sure there is always an opportunity to invest in bitcoin.
Everyone is surprised and it's really unbelievable that the market could easily pump that high in just a month starting last year.
January 08, 2021, 12:27:04 PM
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?)
Hey, stop blaming yourself, and don't be upset! If you decided to sell bitcoins at that moment, then it should have been done. You know, what happened, happened for the best. Just remember not to make rash decisions. So keep your head up and do crypto! 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?)
January 08, 2021, 11:50:22 AM
i never say i never sell, instead i always sell whenever there is a big rise the difference is that i never sell large amounts such as "a coin or two". that is just crazy.
what i do is that i sell a small amount whenever i feel like a big target was reached such as breaking the ATH or breaking a significant resistance such as $40k.
and i always do that when i think there is going to be a drop, like when the rise runs out of steam and can correct. i am not always successful in predicting this but when i am i always buy back in the dip with at least the same amount of bitcoin and cash out the difference or just buy back with all the money and increase the amount of bitcoin i have.
I use roughly the same tactic. I mainly transferred my assets to ethereum. During this rapid price growth, when I thought that a price peak was possible, I sold a small amount and transferred to USDT in order to lock in a profit and there was a reserve for subsequent purchases at a low price. However, cryptocurrencies, including ethereum, continue to grow.what i do is that i sell a small amount whenever i feel like a big target was reached such as breaking the ATH or breaking a significant resistance such as $40k.
and i always do that when i think there is going to be a drop, like when the rise runs out of steam and can correct. i am not always successful in predicting this but when i am i always buy back in the dip with at least the same amount of bitcoin and cash out the difference or just buy back with all the money and increase the amount of bitcoin i have.
Therefore, indeed, lost profits will practically be in all of us. The main thing is not to make big mistakes.
January 08, 2021, 11:46:45 AM
This has happened to me a few times already. And what the other have said that, regardless of the amount the profit gained is still profit, is what have been comforting me since then. And of course with these experiences, I learned a lot. And I am thankful that I was able to experience selling too early so that I could learn how to be patient and to make wiser decisions.
January 08, 2021, 10:43:44 AM
I think you are not just the only one in a few that experience the same thing, I sold somewhere at $17k and I also have deep regrets about that action, though I bought something important for myself with that. Over time, I am computing how much I should have right now if I hold longer. But when I ask my friends about my experience, I figured out that I am not the only one and they advised that I should not take it too deep as when the time I sold, I also gained profits. They said that profit is already a profit no matter how big it is, we should be thankful for the gains that we have compared to those who will buy at the ATH then the price will just decline drastically. We just need to be patient enough to wait a little longer until the correction happens and then accumulate as much as we can and learn from the lessons from the past.
January 08, 2021, 10:18:30 AM
When we actually in need of cash and the Bitcoin is the only asset we have then there is nothing wrong with selling it but especially when we are in bullish trend we shouldn't have to convert a huge part inti cash, better sell only what we need and keep everything as Bitcoin.
January 08, 2021, 10:09:10 AM
i never say i never sell, instead i always sell whenever there is a big rise the difference is that i never sell large amounts such as "a coin or two". that is just crazy.
what i do is that i sell a small amount whenever i feel like a big target was reached such as breaking the ATH or breaking a significant resistance such as $40k.
and i always do that when i think there is going to be a drop, like when the rise runs out of steam and can correct. i am not always successful in predicting this but when i am i always buy back in the dip with at least the same amount of bitcoin and cash out the difference or just buy back with all the money and increase the amount of bitcoin i have.
what i do is that i sell a small amount whenever i feel like a big target was reached such as breaking the ATH or breaking a significant resistance such as $40k.
and i always do that when i think there is going to be a drop, like when the rise runs out of steam and can correct. i am not always successful in predicting this but when i am i always buy back in the dip with at least the same amount of bitcoin and cash out the difference or just buy back with all the money and increase the amount of bitcoin i have.
January 08, 2021, 10:02:35 AM
Hey guys, don't feel sorry for your decision to sell your Bitcoin Asset for $ 18k, that's the right choice you've made. The most important thing is you get a profit. If the Bitcoin price continues to skyrocket you should take advantage of it by buying when the price starts correcting. But for now the Bitcoin price is very high and has a greater risk of being bearish.
People who are able to hold on to the $ 40k price point longer certainly have good psychological strength and good analysis.
You must feel satisfied with your achievements or with your profits, don't regret what you have sold, the most important thing is that you don't lose.
People who are able to hold on to the $ 40k price point longer certainly have good psychological strength and good analysis.
You must feel satisfied with your achievements or with your profits, don't regret what you have sold, the most important thing is that you don't lose.
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January 08, 2021, 09:03:35 AM
I can feel you.
Although I was not in hurry as of you, I had sold all of my BTC holding when the price was $31000, well, this was my mistake to sell at that point. I didn’t want to take risk, that’s why I put a stop loss order selling at $31000 when the price hit $33000 for the first time. If you have seen the chart, there was a big drop within few minutes after it hit $33k and my order was filled and I ended up selling my BTC although I didn’t want to sell directly.
Although I was not in hurry as of you, I had sold all of my BTC holding when the price was $31000, well, this was my mistake to sell at that point. I didn’t want to take risk, that’s why I put a stop loss order selling at $31000 when the price hit $33000 for the first time. If you have seen the chart, there was a big drop within few minutes after it hit $33k and my order was filled and I ended up selling my BTC although I didn’t want to sell directly.
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January 08, 2021, 08:54:19 AM
I feel the same as you. But there is nothing we can do because the bitcoin price already increases more than the price we sell. We still have much time to sell at the other higher price, and I hope that before we sell, we can analyze deeper to find the right price to sell. But sometimes, when I got that experience, I am in an urgent situation that makes me sell my bitcoin, no matter how much the price. So I think I do not regret selling at a lower price.
January 08, 2021, 08:21:11 AM
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.
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.
January 08, 2021, 08:20:20 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, 07:58:05 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, 07:51:11 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, 07:47:01 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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