Topic: When you sell is no longer "yours" (Read 597 times)

Before I sell my assets, I always have plans of what I’m going to be doing with the money that I am getting from it.
I have other businesses that I am doing, so any money that I’m getting from selling my cryptocurrencies are either going into that business or maybe an important expenses that I have to make: but I hardly sell my crypto currencies when is just an expenses that I want to make with the money, because I can easily just use my Fiat to settle whatever expenses that I’m having and not touching my cryptocurrencies.

Anyone who is selling their cryptocurrency should know for a fact that they are no longer in possession of it, once you sell it, it is gone for good.

If we just take a chance. I could say that I am one of those people who is kicking themselves for not investing in bitcoin and stocks. When the price was low, I told myself that I should save and buy a bitcoin at that time, but money is still important to me, and every coin counts because we are poor and need money all the time. It's especially difficult if you don't have any spare cash. But if I truly take a chance, my return will make us wealthy. I wish I could go back in time and change things.

Not many people would have thought that bitcoin will become so popular so quickly however there were many visionaries that were right at the beginning and that thought that bitcoin could reach a huge value, after all it is very famous the prediction of Hal of 10 million dollars for each coin in the case bitcoin became as popular as we want and that was done just one week after bitcoin was released to the public, so there were people that thought that far ahead at the beginning of the life of bitcoin.

You are right, after we sold something we have no legal rights anymore to decide what is going to happen with it in the future. Especially for older people it becomes very hard to part with things they were in possesion of for a very long time. I have a similar experience in my home town with the childhood house of my dad. He only lived in there until he was 14 and it was sold like 20 years ago, and still every time we pass the house he is looking at everything, making comments how dirty it looks and how they don't take care of the garden.
When it comes to selling bitcoins or other crypto currencies I always keep comparing the current price to my sell price. I know it's wrong and it does nothing than making me feel bad. Unfortunately the brain can't just turn it self off and stop thinking about something. This is why I have a bitcoin price of 10,000 USD in my head when I sold a lot of CSGO skins into bitcoins, instead of holding the BTC I converted everything to fiat. Letting go of some past trades is difficult.

It is obvious already that when you sell your bitcoin, it will no longer yours. You've decided to sell it, so, you don't need to regret something after doing that thing. We should be ready for anything after we sold our bitcoins. Selling isn't a bad things, in fact, we can gain profit through this. In fact, that's the point of selling, you're giving it away to someone through a trade of goods and services or something else, that's how selling works. That's the reality, sometimes after selling bitcoins, you will regret it when you see prices of bitcoins are increasing but it isn't bad yet since you sell it for your own good and with a good reason.

The point is not to make a decision that we end up feeling regret unless there is an important need that cannot be denied or postponed. Because after selling of course it is like a decision that will not come back and must be covered again with other efforts to encourage the results that will be obtained later.
Here we know that thinking twice before deciding something is very necessary.
In this case, it often happens to Bitcoin investments which are increasingly popular, we are here like playing with something that gives hope, which should not result in more regret.

But many people sell their Bitcoins or other investments when they are either on top of some better investment or are in dire need of cash. So in the former situation they can get profit over their investment but if they don't do anything good with their cash then they can easily go bankrupt and would face the same situation again in the future.
Also some people like me who brought Bitcoins in 2015 and thought that even a 30% profit is also good and sold most of their coins are now regretting their decision, but I can say for a fact that at the time of selling they were pretty happy on the profit that they made (also just like myself).

In Law, a contract of sale means a transfer of ownership from the vendor to the buyer. It contemplates that the vendor has valid title to such when he transferred his property to the buyer for a reasonable consideration thereof. Basically whenever you sell something, it is commutative where you sell something and you receive something in return.

By applying such in BTC, once you sell your cryptos, you receive a consideration thereof depending on its current market value. But the price may vary due to its inflation and volatility- that is why some considered crypto as a form of investment.

That was very true, that's why it is very important that you will think deeply before selling our precious bitcoins. It is very important also that we are ready for everything and have a plan when something happens. But, as of today, it feels like we need to hold first our bitcoin, since price is not that high for us to sell. If ever also, there's no emergency or anything, it's better for you to hold it. It is easy to spend rather then to save it, so be wise enough to think a possible scenarios before making a decision, you must think first what would be the possible effect on this. We must always remember that regret is always at the end of all things we did.

Hodling word might be easy but if you are the ones who is actually hodling then it isnt something that simple yet there are lots
of factors that would affect your goal.

1. Fud
2. Impulsive emotion
3. Influenced by other peoples decision

When it comes on selling something then considered that the full rights would totally be gone.It is just dumb that you would
really be still considering that it is still yours after you had sold it? Whats the sense?

I have experienced the same for the case of real-estate. Within last ten years, I have sold and bought some property and I am happier and regretting about my actions. If I have not sold, then I might be richer at least 3x with that property and what I have bought got me some 5x returns at the same time.

By 2015, I have spent 0.4BTC for a digital services' one year subscription and if I own that bitcoin I guess I might able to buy a house right now for my parents. So, I agree what we sell is something we are leaving off that for today's price and we cannot be sure about what is going to happen in neat future but most of the time, it will remain in a manner to make us regret about our action of selling. This is very much true for the case of bitcoin as well.

Who would have thought that this crypto will go in this direction? There are many people who regrets for selling too early
while there are also people who enjoy the luxury and they are contented from what bitcoin provides to them, you can
no longer bring back those times, but you always have the time to work with your investment.

Moe forward and allow yourself to see the value and the benefits of this investment currency.

Many people regret selling their bitcoin because they are realizing it was an opportunity that appears only once in a lifetime, even if there are many opportunities that are good and that appear from time to time, like when you could invest in Google or Amazon for cheap, how many people actually invest in the stock market and have the money to do so? In the case of bitcoin anyone could buy it and at the beginning even an investment of 20 dollars was enough to change your life and now that they have sold their coins those people understand that if they come back to the market they will never have the same number of coins.

if we look at the price of bitcoin as it is today, it feels like we always want to hold it, so we will have a lot of savings that always increase when converted into fiat currency, but on the other hand sometimes we are not strong enough to hold it, so I think focus on the initial goal and be grateful the fortune that already exists, because the decision comes from yourself

It is a part of human nature that occurs in the real world and also unreal due to reasons of need and also greed, there is no denying that sometimes we also do the same thing because there is no choice and after doing it and seeing there are significant changes, there will definitely be regret and but it was too late.
and it will be a valuable lesson to make wiser and smarter decisions every time you make a decision, honestly I also regret eating away the bitcoins I have which are slowly decreasing but everything has happened and most importantly I didn't spend it.

Thats true, the reason why we have to think deeply before selling our precious bitcoin. If its not really necessary like there's no emergency, its better to just hold. Its easy to spend rather than to save hence be wise enough to think of the possible scenario before making a decision. Remember that regrets are always in the end and we cant turn back time to change what should not happened.

Most sales are made out of pressures and desperation and that's the reason for the complaints after sales. Most persons haven't come to understand that trading with emotions is a very risky factor.

In trading, emotions should be left aside, this enables you to make promising and bold steps you may not end up regretting.

Thats what us old veterans in the Crypto/ Bitcoin sphere like to call "FOMOers" which basically means Fear Of Missing Out. This are the people who sell at the bottom and buy back at the top.

I think most of us go through this phase before learning that it is better to hodl. Also never to trade on emotions.

Its just a rite of passage everyone goes through before they learn to hodl.

Cant really imagine that there are really people who do really end up that kind of thinking or giving out reasons due to their emotions and i agree with that on which even uneducated people are pretty much aware on

trade and sell works which had been a typical or casual and it is just to insensible when you do make out some actions after a trade or selling.Of course it isnt longer yours

because its had been sold and you dont have any rights on that one and thats a basic principle.

In most cases regret happened when certain things comes up far from your expectations, those people who bought bitcoin a couple years ago they sell when the value jump up and reach the last time high during 2017, thinking that they already gained more than enough, unexpectedly they are now seeing more increase happened and now regretting that they sell it out too early.

There are many of us who have sold their bitcoin at a certain price.  But now they are regretting and saying that if they had bitcoin now, it would be double the price. But they never once thought that what was sold was no longer theirs. They were satisfied with that price when they sold bitcoin but now regret it.

Our emotions makes us reason back to what we have lost its ownership, especially if it has an increase in value. The most anonymous part of it is when you finally calm down after loosing ownership for example, I sell bitcoin and I didn't find what important I used the money for, and now bitcoin rises, it's really annoying, but the main fact is that it will never be mine again.

I think you are giving more weight to my argument, we all know that when you sell something you have lost ownership of that thing, that is the way the economy works and even if a person has not received formal education about it they know that is how it works, as every single transaction they have executed during their lives works that way, the fact that despite all of this being true and yet we have many examples of people experimenting that regret tells to me this is a problem with their emotional control.

Sure, whenever you sell, it no longer belongs to you. For me to sell my bitcoins, I make sure that I have already planned myself and where the money will be going into. For sure there will be part of the money that will be going for expenses, then there is also a part of it that would going into other businesses that I am into, as a way for me to generate extra income. If you don’t plan yourself to succeed, then you’re going to end up failing. So if you’re selling anything at all, you should always have plans ahead on what you’re going to be doing whatever money you will be making from selling the assets that you own.

Pretty much sure that education is somewhat related and not just purely with emotions because when you do really have that education then you are pretty much aware on how sell and trade do really works

and it is just really a bullshit thing that you would plan to get those things that you had already sold or make out some regrets and been planning for that one.You should know on what are the basic principles

so that you wouldnt really looking like a fool on other peoples eyes.When trade or sell off is done then consider it final.

I don't want to judge those who "sell" are stupid, we all know that each person has their own needs and difficulties and maybe "selling" is their best way to get out of their problems

because I have a regular (offline) job that pays me pretty well every month so I can meet my daily needs, then "selling" the bitcoins I have is stupidity

right now I hold the bitcoin that I have because I am very sure the price will be "more" good in the future, this is really an extraordinary investment

It happens all the time and I think this has nothing to do with the education level but with a problem related to emotions, this is very common in almost all instances of our lives but if there is a field in which this is even more common are personal relationships, it is incredibly common that after a person breaks up with their couple and then they find out they are doing well without them they get jealous about it, which does not make sense as the relationship is over but it does not stop them from having those feelings and that is what we see in this market as well.

Long term holding bitcoin is something so great that we have a joke around here about how we should "hodl" bitcoin. We can see that hodl joke in many places but it was first started here as well. I can't find the topic right now but someone created a topic and wrote hodl instead of hold and that became something that we all joked and it became so big that from twitter to new projects to basically every single place in the world got that hodl.

Even wall street bets which was buying a stock called gamestop ended up using hodl as a joke among themselves. Which had nothing to do with crypto and that is the weird part, now we are talking about hodl all the time everywhere as hodl. This means that we are in a situation where everyone should know that crypto is not something that you would profit right away but if you keep on holding it then you would make a good profit in the long term.

Would really be hard to accept the truth whenever you do see that those things that you had sold in the past had already progressed which you would think off that you might have make out some profits or more money if you do able to held up that.

Selling decisions would be final and there's no way that you could take it back unless if you would buy it again but of course it would be more expensive.

Its just too greedy of yours if you do really think or having that kind of mindset whenever you do make out sell decisions.

It might sound simple and very easy to understand but that isn't the case for some here .

As for my case, there are many times that I've sold my Bitcoins just to have money to spend here because I'm the one paying the expenses here in our house. It might sound weird (or at least to me) if I say that most of my expenses are coming from the Bitcoins that I've earned and I'm happy with it. I'm happy not only because I'm spending it but the way it changed my life . I'm still holding some Bitcoins right now and still hold more while spending some and I'm happy with it.

Selling is and always will be for weak hands. How much money do you need to lose before you realise its worth hodling? Bitcoin itself has a deflationary nature even though it have wild price swings coming from the speculative side.

But whatever, I guess some people are just doomed to be poor from a lack of brainpower. But I am sure they will buy back in at the top. Only to sell again at the bottom.
Fine by me, that way, more fiat goes into bitcoin and raises its value for the smartest hodlers.

I also heard disgusting things like that in middle-class villages ,sometimes people's nature is to respect excessively their land and criticize openly without thinking about the truth ,provoking immigrants is the main goal maybe they think their land will return ,unacceptable reality until are willing to forget the truth

I totally agreed with the OP for this is awake up call every individual that sold their Bitcoin holding early and later regret selling when they ought to have to think twice before selling it.
I will give this conversation a topic, if you're not ready for the outcome of the result don't f*cking sell.

What they are trying to let you know is that bitcoin is something you are not supposed to been selling frequently due to it's movement via increment, it's of the owner benefit to keep cryptocurrency in the wallet for long period of time, because keeping it is adding more values to it, than to be making a withdrawal Everytime, actually if you do that always that means you  are not investing into it.

At least, it's proper or encouraging to invest via cryptocurrency or stop making withdrawal subsequently so that whenever season of Bear market occur they will be substantial benefit from the investor which might be you or any.

with it is no longer in our control because we have sold it, then it would be better not to think about what we have done before. after all it is our decision and the most important thing is in the future so that we can be even better. because if it becomes our right, of course we will come back with something that is doubled

This is very true, when we sell something, something is always lost, and everything is focused on the value, when something is sold, whatever it is, the value will not be the same now and later unless certain kinds of economic phenomena arise. As inflation, in my country it is like that, there are goods or houses that are valued in a large amount of money, but the owners cannot ask because of their value because they could not sell, so their value is less than it should have, and everything focuses on supply and demand.

In the case of BTC and all cryptocurrencies it is different too, they maintain a value in FIAT whether it rises or falls, they will always have the value there, the most stable are when negotiations are carried out in stages of the ideal market such as buying in Accumulation and selling in Distribution that is the ideal.

Its the basic principles thats why finding out this kind of topic it seems to be bullshit to discuss on because its understandable that you wouldnt really own anything that you had already sold out.

It is just dumb that you would get it back once you had able to sell it, but if you do then of course it would really be in different price and it is just like you are just smashing a rock in your head if you do.

Dont end up on having this kind of mindset because this would just simply make look like a fool. 

I sold my Bitcoin for some reason and I'd never think it from coming back as it was not under my control anymore. I believe that is not really hard to understand such thing as because in time before you place that sell order, you've been thinking as well that after it was sold, that never be your's again unless if that person sold you back/ or you're going to buy at again. That gonna be the rule about selling and we should accept that whatever happens to those chucks of Bitcoin/ or that piece of land we've sold isn't our problem anymore, and we never have to think about it.

Yes, you are right, being the owner, or what is more correct now to express it as the holder of assets, is always better than when you sell this asset. Especially now, when fiat money is depreciating at a high rate. Unfortunately, I cannot classify myself as people who have promising assets. Yes, I use cryptocurrency, but I still work and earn money to buy things necessary for life, but I understand that in this life you also need to strive to have assets that will help preserve and increase wealth.

It happens to everyone who's in need to sell their bitcoins for other important matters. You sell bitcoin and you use that fiat to buy another asset. This is a better way of spending those bitcoins that you hold but if you don't have firm plans yet then you better wait until you're totally fine to sell at that price you desire. People who would sell at the peak would always be the luckiest ones and they're just going to rebuy and reclaim back those sold bitcoins of theirs.

too panicked will make people like that
they feel confused because of panic actually because when they see people who have been here for a long time they will not sell even if the market is not friendly because they believe in what they hold.

that is the main rule when the goods have been sold then automatically we no longer have rights in the goods.
Likewise in crypto when you have sold it then you can no longer recognize the asset that you have sold as your own because it legally does not belong to you anymore

I am sure many of us can relate with you on this! I had so many Doges, like crazy many... most of them went to some stupid gambling bets, even a lot of them didn't worth much back then, so I literally had fun with placing all in's on some games! And it wasn't like that just with Doge!

Now we can regret it, but I don't allow that to eats me from inside! Life goes on, when I talk about that with some close friends I try to tell it as a joke, something funny that happened in the past!

I also get that feeling every time I remember some shitcoins I sold for so cheap years back that are making their comeback today. It feels as if I'm gutted every time I remember that I had so many of those coins that I just sold easily. Well the only good thing is that it was converted into something more valuable today, though looking back, if only I had a little faith on some of those alts that I held, it would have been a lot more, but I guess regrets is what we all have in the end anyways.

Ofcourse.
Better to sell when you absolutely need fiat currencies to buy other more important things, especially things that will be as useful or better than just keeping all your funds in one place. It would not be a good idea to sell to buy junk foods or luxury goods for example.

everyone understands that when someone sells it, it belongs to someone else; it's just that they seem to regret selling it when they see a higher price and don't want to blame what he has done and don't accept the decision so they feel it's still theirs and it's a natural anxiety; over most people who are nervous about price spikes and the thought will go away on its own 

Wait what? There are actually people that do not understand the basic principles of trade? I swear that school education has not progressed since the days of 4 elementary grades. But I doubt this is the norm. I think most people understand that selling something means not having it anymore. Unless you sell it and ask to borrow that same thing from the person you sold it to for an indefinite amount of time, and yes, I have heard of that happening

Yeah for sure.

I've also heard countless times about people complaining how the market is screwed now because they sold early etc.

You simply can't have it both ways - if you sell an investment, you are forgoing all rights to it and making a conscious decision to derisk and invest in cash instead. No point complaining about anything that happens to the investment afterwards.

Technically you can also breakeven, it is probably the less likely of the three options that can happen but it is there, now while the most logical thing to do is to simply accept that you have sold your coins many people cannot let go because they recognize they let go of an opportunity that is probably never going to comeback for them, as with the price of bitcoin being so high it is going to be impossible for them to ever get the same number of coins.

Selling could only just having two results;

Sell on profit
Sell on loss

You could make out some differentiating among the two and as you said,selling isnt a bad thing as long it do benefits you out.Its just dumb that you would be thinking that it is stiill
yours when you had already sell it out or had been released.When you do see those situations if you do able to held up and possibly make more profit then that
will really leave some regrettable feeling.

Selling isn't entire a bad thing, trust me, its not. It is what you do with the money you get from a sold property or investment that could either determine if your sale of a product or property was worth it or not. Seriously, its very wrong for you to trade a property just to squander the money away. You loose too things there, you lose a property and the monetary worth whole, gaining a temporal enjoyment or satisfaction from solving a problem. As such, you don't undeetand what is lost until it appreciates in value in time then, you try getting it back and it isn't legally yours no more. That's the reality with life and the owner of a property decides how to use it.

That's the point of selling, you're giving it away to someone through a trade of goods or service or something else, that's how selling works so why would you worry and antagonize that? It's not like we can't stop people from selling their own bitcoins, it's on their own volition that they're selling those and they've accepted it already.

There are several factors that can influence this.
it is true that when we convert bitcoin to fiat with a larger amount when investing it will feel like a genius in doing so. but indeed it is only temporary when we see a much higher price than when we convert it.
but sometimes we find that many people do this because they are still stuck with daily work.
because indeed there are so many people who invest their money in bitcoin even though their own needs are still not fulfilled, which in the end, inevitably when there is an urgent need to sell their assets because it is a last resort.
although this is not good enough but it is certainly much more useful to do. but if you do it solely for converting to fiat after that it is just saved. I think things like this will invite disappointment in the end.

You don't need to be lucky just need to be smart enough, the basis rule of investment is never investment more than you can afford to lose which means we can hold without the pressure so can make money when everyone is selling and now people who bought Bitcoin after the dump will be happy because we hit 55K today and expected to increase more.

From my understanding, i understood that selling is a transaction exchanges between Good's and services irrespective the measure, now op gave an illustration via land selling as a reference, it's very obvious that before you sells your any of your belongings you have already made your mind and also have another alternative or steps to follow because the side effects of it, so relating it to bitcoin, i know that some people used to be inquisitive to sell bitcoin immediately the price appreciate, but i seems it as choice because they have already made a decision before they sold it out, and option B maybe in place.

This has happened in my country for a long time, even the natives can't buy a land in their place of birth, this is indeed supported by many factors such as urgent financial needs and cannot be blamed.  If you complain because of foreigners who occupy it becomes a strange thing.

When it comes to Bitcoin ownership and psychology, the basis may be slightly different.  Because the psychology of a trader in selling their holdings will be influenced by more factors such as fomo and others.  So it's not just a fundamental issue but many others.  This population phenomenon has occurred for a long time and has been strengthened by the flow of globalization.

That is a good release. 2021 price skyrocket if ever you invested 1 year ago or much more 5 years ago then it’s a big profit. We can not hold long as we need to set more goals and plan in living. May stories of holding sometimes turn out to be an inspiration like those who hold and can buy a property, create their business ad, etc. If we know we will sell some then maybe we were able to acquire some too. Holding is good if we have still extra money to spend on the present but if not then it's not bad to sell at least some to enjoy the present.

Each of us has his own circumstances. We don't know the real reason for selling Bitcoin, but there are many reasons for selling. Perhaps they need money to facilitate their living, to pay bills, or need to buy a treatment or perform an operation..etc. Therefore, they are forced to sell even if they only achieve Small profits, We all know that holding bitcoin in the long term is the best decision to be made because the future of bitcoin is bright, but we will be lucky if we hold Bitcoin without any reason to sell.

There is only one thing I know for certain right now: I'm on my way to earning my first whole 1 BTC, and nothing will stop me from achieving my set goal.

But for some who sold, maybe they sold in profit, higher than their buying price. Some people are just happy to get their profits, whereas, others can hold long-term no matter is the market situation. Some can do scalping in a very good way they can make profit out of it. But of course, once you sold it, there's no turning back and definitely, it is not yours anymore. You can just tell to yourself, that once you have that amount of coins.

Not the point at all. This is not related to early investors that sold their bitcoin, this is more about people that sell quick for a quick profit. The early adopters are probably well-off and I am happy, perhaps grateful,  that they started all this.

If people sell because they need the money short term, it is very likely that they should have never bought in the first place. Do not invest what you are going to need in the short term.

Again, if you sell, you are out. If there is any future for this, you are not in it.

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.

Wow, that's ballsy.  I respect that, though there's no way I could keep all of my assets in crypto--it's just far too risky, and at my age I'm more risk-averse than I used to be.  But I bet you that the people who do keep all or most of their wealth in bitcoin (I'm not sure about most altcoins) are going to see it pay off big time within a few years.  My one big regret in crypto is that I didn't buy and hold bitcoin when I had a chance to buy it at around $200 back in 2015 or so.

Do you know what the rate of inflation is in your country?  Every country has at least some inflation, but right now it's hitting certain regions harder than others.  In the US it's climbing, though I'm not sure what the exact official rate is (not that I trust it completely).  In any case, holding onto cash is a bad idea.  I don't know if crypto is a great hedge against inflation, but it's far better than keeping your money in the bank.

That's the mystery behind holding fiat currency, it is always quickly taken away by needs and wants. I completely agree with users who keep most of their earnings in crypto and only convert out what they need when needed.

It is always difficult selling your coins, especially when you think of the duration you've been holding and the prospective profit you could make from the coin if there was no need to sell. After selling, and say a pump in price follows, it is normal that there will be regrets and also a possibility to talk about the coins you just sold, which you have to know that is no longer yours.

 You have a point but its their preference tho if they want to sell just to buy those "wants" . But as for me we do have same preference since i only sell if i really need it but i am not in the point of borrowing to others just to buy the dip, i just want to hold and thats the only money that i can afford to lose

This is also my advice to others. If there is no urgent or emergency reason to convert your Bitcoin to fiat, don't do it. If you are only converting your Bitcoin because you are planning to buy the latest iPhone or an expensive bag or whatever unnecessary stuff, don't do it.

Please know that while you are squandering your Bitcoin, other people are saving really hard to be able to buy some. While you are mindlessly converting Bitcoin to fiat, others are borrowing money, selling stuff, and so on just to buy the dip. While you are buying the newly released gadgets using your Bitcoin savings, others are stacking Sats. Be like them!

That's because when you are selling a house or when you are selling a piece of land, you tend to have an emotional attachment to it, especially in villages, in tight communities where people grew up like that, therefore at the end of the day, they are going to make comments, ofcourse, but that's just emotions getting the best of them and not just *common sense*

When we are talking about investments like *Bitcoins*, *Stocks* they are on a different pedestal, they might not have that emotional attachment, plus people are able to *trade*, to instantly change them, convert etc.. it's something that might come with less of a burden.

That aside when they are going to say something like that again in the future, you must remind them, that's how it works, now they are also a part of the village, weather they like it or not, they can say all these things for years to come or they can choose to work together to make a better community.

Hopefully people can be kinder to other people in contrast to being kinder to inanimate things like *land*

I personally think that greedy human is ridiculous. Those who there is only money in their head are not good humans. In university my teacher told me that we need to make biggest profit using smallest cost, this statement is right but it doesn't mean that we ignore our common sense to prioritize humanity. I sell bitcoin only when there is a very strong signal that I have to sell but holding is also good if I want it for long term. That's why I don't easily sell my btc, probably I only sell every 3 - 6 months and it's enough for me to make profit.

Sell you coins when perfect time comes, don't be bother of higher price because that's temporary. Keep holding your coins while we still don't see bullrun stabilized and surpass the challenges to beat $50k resistance. Normally, after recovery of bitcoin price every trader would do short term and set aside long term holdings. What I recommend here is dump only those quantities that you needed, but keep the other portions for future purpose.

I think I've heard some complaints about this before it's like some people are jealous to those early adopters because they are millionaires nowadays but the fact that most of them sold their Bitcoin early this doesn't count as them one of the millionaire. It's clear that most of us doubted our future because we really don't know what is going to happen and they were just right about it for selling but they didn't expect it to pump like this that's why most of them having a bitter taste of what was the result to their decision.

If someone would have known what would be going to happen in the future, I don't think Bitcoin or landowners would have sold it in the first place. It's a present decision-making not a future decision-making because they badly needed the money, so does the other owners of Bitcoin.

At least you've been satisfied during that time when you badly needed money and it will help you to solve your problem.

If you invested in Bitcoin, it isn't good to sell your Bitcoin at under the price where you purchase and it might no one will do this.  It is very tempted to sell when your profit was there and especially when you needed it even though your profit is just small.  If you're a short-term trader and talking profit once there even if it's small isn't have a problem.  I think no need to argue this, their money is their decision.

Exactly, because anywhere even if you're offline or online fiat is always very easy to spend, not like Bitcoin as of now the number of merchants stores that accepted Bitcoin

When I sell I do it practically closing my eyes. As my investment plan is to own everything in bitcoin and crypto and that every time I need to pay my bills I sell only what I need, my bank account is again empty.

My case is particular because I live in a country with inflation and I protect myself that way. In relation to your experience that people sold and complained, in part it is because the city administrators had a duty to adapt better urban planning, it is sad that the central power still makes mistakes like this.

This is not bad at all so far the fiat is used for something than holding it in bank. There are even non-crypto related works that are profitable, some people can think of selling some of their bitcoin holding for such reason, some will even sell some for other crypto and non-crypto benefits and opportunities.

It is even better in developed countries like Europe and US, the fiat devaluation in developing countries and underdeveloped countries is much more while the developed countries fiat currencies are still centrally controlled and devalued.

The present bank app I am using have a very friendly GUI that even new users can be able to see 'save' which is just like fix deposit account. Some people can be encouraged with the profit, but the rate my country fiat has been depreciating right from 1973 when it was created is a good indication that what is calculated as profit will actually be otherwise after few years. I am still surprised that some of my friends are making use of fix deposit to think they are making profit, but many of them are not into one way of making money though.

I remembered my dad told me one thing many years back which is actually true, that what we use money to do is the value of the money we have. Keeping fiat is one of the wrong way to follow, if the money is not used for business, having it in fiat will be of depreciating devalue.

It should go without saying that when people sell bitcoin they usually have need for the cash they get from it--unless they're just traders who're taking their profit off the table because they think bitcoin has hit a peak.  I've always had the feeling that a lot of smaller bitcoin owners are speculators who bought it with cash they're probably going to need in a month or two, and I think that's especially true during extended bull markets.

Regarding your story about the developers who bought land from people and did a lousy job with what they built: whoever sold them that land probably had to let go of it at some point.  Real estate very rarely stays in one family for more than a generation or two anymore, so I wouldn't fault them for selling it.  Unless you know the reason why they did, I don't see how they could be criticized for it.  I doubt they knew what the developers were going to do after they bought it.

This may seem very obvious, but some people do not seem to clearly understand what selling means. For example, I know a few people for a mid-size village that, during a housing boom, sold quite a bit of land to developers and made a development plan that was pretty much crazy (high rise on small streets, minimal walkways, no space for public services, ...). They were very happy about getting the money. Now, all I hear is complaints about how many disgusting people that are not born there came to live to "their village".

When you sell, is no longer yours. When you sell your bitcoin for more than you paid, you may be happy about it, but unless you have an investment to make or would like to buy something else, all you have left is... fiat. And fiat finds its way out of pockets very quickly.