Topic: When you sell is no longer "yours" - page 4. (Read 580 times)

This is just the bitter truth. You only get happy seeing your Bitcoin sold at a higher price than you bought but once it's converted to fiat it gets out of the pocket too quickly like @ op rightly said except for the purpose of reinvestment or an urgent need it's better to reserve your asset in cryptocurrency than fiat because 1 valueable cryptocurrency in your wallet is better than a thousand fiat in your account

Long term perspective means holding to get multiple times of profit, but it's inevitable for some people to sell especially during bullmarket thinking about Bitcoin could've been peaked.
Nobody knows what the future holds, as long as they have sold it more than the amount they acquired Bitcoin before then I think that's fine. However, regrets are inevitable as well after Bitcoin has been gradually developed and rapidly adopted by many, thus causes a huge uptrend in price.

We do have different interpretation on things and we do believe into something that we do believe on the first place.When it comes to fiat then i cant really blame off that everybody would still end up on accumulating fiat.
Its just common sense that you dont own on things that you do have sold already.Doesnt matter if you do end up on having fiat or not as long it would be beneficial to yours then go ahead.
Also, its just understandable that you had already sell off your assets or something valuable then does mean that you had already made your final choice, theres no turning back.

That is what I used to do, and I was quite happy about it as well. There were moments when I spent some money, and then when I wake up next time I had the same money as the day before like I spent nothing. However, eventually the crashes became so hard that we had 50% drops that resulted with my income slashed in two, and that made living very hard. If you could save some money aside for rainy days like bear runs then this idea could work, but if you can't and end up spending it all like I did then you would be in big trouble.

Yes, I realize that I was a big idiot back then and I would not do that again, but it was still a scary few months and I stopped. It was a good period in 2017 and I stopped in 2018, now for the past 2-3 years I just live regularly and whatever I have saved at the end of the month goes back into crypto which allowed me to make a good profit.

This happens a lot in developing countries where small startup always energetic to take opportunities where they see one and when the host communities see that it no longer benefits them, they change their tune after selling out their assets because of money for short term stability.
That's why it's always good to have everything documented with papers, the moment they start misbehaving, sue them for damages and company stake.

Though, this is different from communities who give their resources to the government without helping the host community, I think there fight is on good course.

This is common in almost all aspects of our lives, people have a difficult time to let go of the missed opportunities, and the bigger the missed opportunity or the perception of it the greater is the regret.

And I have no doubt bitcoin is going to cause such regret among many people as they got in the market early and while they sold their coins for a decent profit if they had held their coins or even just a portion of their coins then they will be incredibly rich by now.

Everything has a time to let go of ownership, and we can't hold it forever if the need is really urgent and we don't know where to look for income. In keeping with what we have at the time of ownership Bitcoin aspires to hold until next year. As the last person from among those who do not have a steady income, they always decide to end what if they have a selling value in order to survive to provide for their family. That's what I've experienced since holding bitcoin until releasing it in early 2021.

Sadly there are many people in this world who seek out short term profits while overlooking the long term expenses that come with selling out. As you say, these people have no right to complain about new people moving in since they sold without thinking about the future - all the money they raised was probably blown rather quickly and now they are feeling guilty that they wasted it. Not only that, the property that they have sold if it is like many places in the world has probably appreciated in value. Ultimately they were poor custodians, who instead of keeping ownership and receiving small rents for their lifetime (like the wise would do), decided to take a large lump sum up front instead.

This is the very definition of investing: to aim to make money off it.

If you are linked to the investment in any other way than it is going to go up, that is not a good investment.

Leave emotions off the table, it is ok to cash out eventually.

Not everyone will have the opportunity to have a bitcoin really but those who have and sell for fear or fud and they try to drive a physical business by selling off bitcoin hodling, if that business fails is going to be devastating and I think such person would not be happy. But I don't think is wise to use up bitcoin for the purpose of physical investment except using the proceed for capital investment that grows in value with time like land acquisition.

If price of bitcoin increases after they sold then they would be worried even some regret about it for very long but there is no need of such useless activities though because you can't bring back the past, just concentrate on what have to be done in the future which can bring more money than you lost if you do the things in the right way.

Sometimes you sell and price begins to fall and you feel happy for that. You feel lucky selling off when you notice that the price crashed as soon as you sold off but you will feel bad after selling and price begins to go up. Taking care of our bills is one of the reasons that make alot of people sell. You can not have bitcoin and be broke at the same time without selling some to take care of your bills and yourself.

I think we should be ready with anything when we decide to sell what we have because we could not have that "thing," and it could be hard to buy or have that "thing."

We can feel happy to sell at a profit, but on the other side, we need to accept that we do not have that "thing" as before. And if that is about bitcoin, when we decide to sell bitcoin at a profit, we can buy back bitcoin, especially if the price drops. It is about how we can accept and not expect to turn back the time.

Sold assets are obviously not yours anymore. You better buy another asset from the fiat you got or else you will have nothing left when you drain your fiat. You better make use of the money to make money out of it.

Life really sucks if someone sold all their BTC to make a business offline like a restaurant and is not successful today because of the pandemic. Not having BTC today is a setback.

If you mean that it is better to have a BTC in a non-custodial wallet than a fiat in a bank or under a mattress, then I would agree with that. For me personally, it definitely makes sense, not only that the value of BTC is constantly increasing, but also in this way I protect myself from inflation. It is also true that fiat is much easier to spend than crypto, which is quite logical considering that it is generally accepted - so if I walk through a mall with $1000 in my pocket I will certainly spend at least a part - but if I have the same amount in crypto, I will hardly find one store that accepts crypto.

I think the key lesson of the whole story is that crypto can teach us how to save, but that doesn't mean that from time to time we can't spend part of our profits to make a better life - in the end, no one will live forever.

The thing is, now that mass adoption of Bitcoin hasn't come yet, one cannot totally evade hodling fiat, it's not just possible, no matter how much you 'hate' fiat, you must hold some of it for basic stuffs/needs, thus that means you'll still have to convert some percentage of your Bitcoin to fiat every now and then. I have actually never blamed anyone for selling some of their BTC, if you sell your Bitcoin cause you want to buy one thing or the other you love or wish to own, then that's fine, and you do not have to regret if the price appreciates higher than what it was when you sold, Bitcoin would always continually appreciate irrespective of when you intend to sell, so you'll always see a higher price. I can only fault one for selling their Bitcoin cause of they lack believe in the network, likening it to a pump and dump coin, cause if you have done your research very well, you'll definitely not lose believe in the network, so the mistake is definitely on you.

Having said that, for people who earn in Bitcoin for rendering one skill or service, then it's understandable if they have to convert their BTC to fiat regularly when they have needs in RL to settle, but if you earn all in fiat, it's not really wise to immediately convert everything into Bitcoin, only to have to change back to fiat every now and then, it is much better to delimit a percentage to Bitcoin investment and keep the rest in fiat for on the spot and RL spending.

The problem is that we could've prevented that from happening if we just made sure that we're well equipped in knowledge when we get into crypto, the reason why people that get into crypto are greedy is because they're people that don't have any prior knowledge in crypto and they just got into it because someone said something to them about crypto.

I am most sorry when I have to sell bitcoin for consumable goods. Perhaps I have become too emotionally attached to the crypto. 
The problem is that you can never get money out of fiat fast enough to recover your investment in bitcoin or any other crypto currency.

Bottom line: Bitcoin is not for kids. Bitcoin is for real. Buy some. Buy and hold.
The profit potential for bitcoin goes way up every year. It has all the attributes of another technology that will change the world. The only question is how much bitcoin will be worth at the next bull run.

It is not surprising to hear similar responses on the Bitcoin forum: "I will never sell Bitcoin, even if something happens ..."
Unfortunately for many, I hold somewhat different views. If I sell something, I understand what I sold. It makes no sense to regret "last year's snow" I will sell bitcoin if I need funds to buy non-vital items. If I don't have enough fiat, I will spend bitcoin and buy what I want. In my case, it is difficult to say that fiat is slipping through my fingers since I acquire things that serve me for a while.
I'm not too old yet to squander, realizing that life is leaving, but I am no longer young to recklessly buy useless things. But I do not want to limit myself in my desires, waiting for some magical time to fulfill.
My teachers always said that you shouldn't count your money very carefully, otherwise it won't come.
Having parted with something, you should also not regret it, if something is sold, then something else will be bought

If you sold some land, there's a very small chance you'll be able to buy this exact land again. But if you sell some BTC, you can buy some BTC that will be exactly the same from a usage standpoint. Moreover, you usually can't buy land in an instant, but you can always change your mind and sell fiat for Bitcoin. The price is a different aspect, but here I think it's just important to let go of regrets and not be greedy. Most of us have been here long enough to witness prices that were 10 times as low as the current ones, and yet few of us benefited from it at the time. However, focusing on the past isn't helpful, and instead we should focus on making fewer regretful decisions going on.