Topic: Wrong Moves With Your Bitcoin - page 4. (Read 1029 times)
I made a big mistake in the past. Whenever the Bitcoin price went down, I used to sell my holdings immediately, hoping to buy them back at a lower price. But this strategy didn't work for me and I ended up losing money. It became frustrating, so I stopped holding Bitcoin altogether. Unfortunately, I missed out on the big price increase that happened later.
Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.
Please share your story here if you have one so we can learn a lesson or two...
1. Actively selling out or converting my Bitcoins into fiat - 2017-2020 years in between.
2. Actively using up on buying some stuffs online using bitcoin as long ii could be able to see that there's a bitcoin option payment.
3. Converting out my Bitcoin just to invest with some shit coins in the market.
On the time that Bitcoin did hit up those bull run event and reached out on $69k then this is where huge regret did really happen.
I have been keeping on telling into myself that what if, i do able to help up those coins until now? For sure i would really be that rich but well
there are things which arent really that meant for us.
Now im slowly building up again my portfolio and with those learnings then it do really be able to make myself having that kind of
realizing on what are the things that i should supposed to do so and not really that focusing that much with those temporal
happiness when it comes on buying on things.
My greatest mistake I made is to use my Bitcoin for ponzi scheme for some years ago and is the through the platform I know Bitcoin for the first time without making more research about Bitcoin and only what is in my mind to recover my initial capital in the platform in which I recover and with some profits added. As of then I was happy and I blow off the account to convert the money to my local currency. When my eyes open was last Bull Run market and my friend that introduced me to the business called my attention see the mistake we did, without holding some Bitcoin and our wallet is on red with a very high price impact increase. In other words was a function of lack of knowledge and information is very important in these industry.
Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.
Please share your story here if you have one so we can learn a lesson or two...
I have earned double if not acted that stupid thing.
Playing with alts and shitcoins, but I think that is the path to understand Bitcoin in the end... the dirty way
You are making me remember of my friend that has the same reason for disposing and selling his bitcoin. The reason doesn't make sense. He has got bored as well and that led him to sell.
I think that was on 2018 and bored in a way that it was a bear market and prolly he lost hope by that time. A mistake that can no longer be corrected but can still recover somehow through accumulation.
Bored? Lol, indeed it doesn't make sense and it was funny. I think it's clear that these people just jump in the bandwagon. No one briefed them about BTC and most especially their selves didn't do it too by doing a simple research. It won't be that crazy if they only sell their BTC for fiat but they swap it or use the money to other coins which are considered as shit and a scam.I think that was on 2018 and bored in a way that it was a bear market and prolly he lost hope by that time. A mistake that can no longer be corrected but can still recover somehow through accumulation.
A mistake can be corrected, that is when do the right thing next time. If you say it can be recovered, it is when they still have the coin with them. They still have a chance from this scenario. Accumulation is also/still possible with it. And it can be done at anytime or even when the price is not yet declining.
That's some crazy shit mistakes, well atleast you have learnt and took it as a positive energy and I know you wouldn't make such mistake again. For my own experience, I have really gotten such messed mistake maybe that's because I didn't encounter the crypto world quite early but the one I would classify as a mistake would be me selling off my little BTC earnings from the start as of that the price was low and the figure was big , if I had left if till now I know that the earning would be x3 now.
If you have been able to learn from the mistakes you have made then you will be able to invest well later, because the bad experiences we had were our own fault and it is important for us to fix them and when we are going to invest again we have to be careful so that we don't again making the same mistake as before.Selling some of your Bitcoin income because you don't understand crypto well, of course everyone has done this and if you don't have any other income apart from crypto income then it is very difficult to be able to hold on for a long period of time and if we have several sources of income of course we will not sell it and will hold it until the target we have set.
Wrong Moves With Your Bitcoin
Wrong moves with bitcoin, well pretty much that was when you've first heard about bitcoin several years before but didn't buy a single fraction because we have no idea that bitcoin will become this big.
I'm quite sure that's everyone's first wrong moves.
If my memory serves me well, I first heard about bitcoin in 2012, but I didn't gave attention to it until a few years later when it started to become popular and it's value has been constantly increasing. That's when I realize I just let an opportunity slipped away.
Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.
~Snip~
This is also the reason why I decided to spread out my investment or don't put all your eggs in one basket.
It also made me learn to cut loss or set up a percentage to take profit or loss in trading.
I believe the point is that we choose the right investment where we think we can benefit from it. Not only it says we have to focus on Bitcoin but also we consider local investment. What we are worried about in Bitcoin investment is the possibility of getting hacked but in the case that we highly secure our wallet, we're gonna be safe.
Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.
~Snip~
This is also the reason why I decided to spread out my investment or don't put all your eggs in one basket.
It also made me learn to cut loss or set up a percentage to take profit or loss in trading.
I made similar mistakes at the beginning of my crypto journey. I converted my bitcoin into a shitcoin and eventually lost everything. I was too greedy to earn from Alt. I almost lost everything there and became hopeless at that time. So I start building myself again and recover slowly. Though I can't recover through trading, I earn from my marketing services. However, I am very careful when dealing with my crypto. I don't want to repeat my mistakes by investing in altcoins.
Mate - there are many users who have your experience, but the best part is that you are truly growing in your own way. Your experience and that of other users is the best teacher for me - so I don't need to experience it myself to get better. I admit - I also have a desire to gain more profits from various options including altcoins, but I don't take the risk of selling all my bitcoins for altcoins. Diversification is an option [at least for me] and it gives me a good chance to make a profit.But on the other hand, this is what ultimately becomes an experience that must be learned because after all, by having experienced this and when we always learn from the mistakes that have been made, I think something like this will never happen if we focus on bitcoin and are very serious about living it unless we can't do it ourselves.
Yeah the worst decisions that we all made in the past. I think they were not the mistakes really, we can safely say that it was our natural move back in the time. In those days anyone would just believe that Bitcoin can go faceless in no time but to everyone's surprise Bitcoin went just opposite to that. This is what made everyone think twice in the later times whether they should really HODL bitcoin or not.
Today, we are having same discussion which is the proof that we had same thoughts back in the time and today the same thing repeats for us. It's not like we do not learn from our past, but it's about Bitcoin which is highly unstable coin, there are hundreds of allegations on it, there are thousands of positive sides for it and for an individual this creates complex feeling of investing.
Hope so new comers read us and learn from our mistakes or mixed feelings.
Today, we are having same discussion which is the proof that we had same thoughts back in the time and today the same thing repeats for us. It's not like we do not learn from our past, but it's about Bitcoin which is highly unstable coin, there are hundreds of allegations on it, there are thousands of positive sides for it and for an individual this creates complex feeling of investing.
Hope so new comers read us and learn from our mistakes or mixed feelings.
Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.
Please share your story here if you have one so we can learn a lesson or two...
Quote from: boyptc
You are making me remember of my friend that has the same reason for disposing and selling his bitcoin. The reason doesn't make sense. He has got bored as well and that led him to sell.
I think that was on 2018 and bored in a way that it was a bear market and prolly he lost hope by that time. A mistake that can no longer be corrected but can still recover somehow through accumulation.
Those that always sold their BTC during the bear season always have some regre to experience because, it was not their wish to sell their BTC at the moment but they don't have choice that to sell to solve issues at the moment but such people always have way to succeed to overcome such condition to be part of those that is hodling long these days.I think that was on 2018 and bored in a way that it was a bear market and prolly he lost hope by that time. A mistake that can no longer be corrected but can still recover somehow through accumulation.
Likewise what is happening right now in the market that is making some to start avoiding BTC investment because, since they join the hodling they never experience bull market over two years now but if they can endure before the end of this year 2024, it will help them to share a good story about their hodling.
But as long as it had given him some help little financially during that time then that all that matters. And they still see the market as something expensive to get in.
While soon, it's gonna be more expensive if they don't catch up.
I made similar mistakes at the beginning of my crypto journey. I converted my bitcoin into a shitcoin and eventually lost everything. I was too greedy to earn from Alt. I almost lost everything there and became hopeless at that time. So I start building myself again and recover slowly. Though I can't recover through trading, I earn from my marketing services. However, I am very careful when dealing with my crypto. I don't want to repeat my mistakes by investing in altcoins.
Mate - there are many users who have your experience, but the best part is that you are truly growing in your own way. Your experience and that of other users is the best teacher for me - so I don't need to experience it myself to get better. I admit - I also have a desire to gain more profits from various options including altcoins, but I don't take the risk of selling all my bitcoins for altcoins. Diversification is an option [at least for me] and it gives me a good chance to make a profit.
I made similar mistakes at the beginning of my crypto journey. I converted my bitcoin into a shitcoin and eventually lost everything. I was too greedy to earn from Alt. I almost lost everything there and became hopeless at that time. So I start building myself again and recover slowly. Though I can't recover through trading, I earn from my marketing services. However, I am very careful when dealing with my crypto. I don't want to repeat my mistakes by investing in altcoins.
I guess I could admit that I made some mistakes with my Bitcoins. These mistakes were not fatal, but they were an expensive lesson. I was too arrogant about transferring quite a significant portion of my bitcoins into altcoins, I now regret it. But on the other hand, if we don't make mistakes, then we don't grow intellectually. It was my mistakes with Bitcoin that made me delve deeper into technical analysis and wave analysis in particular. And now I’m rather grateful to fate that this happened. Now I look at the chart quite confidently and can tell from it a lot of things that none of the analysts know and that I didn’t know before. This is a bitter experience, but an amazing step in development.
Everyone has had bitter experiences that will become learning material like what you experienced. I also made a mistake in investing by selling my bitcoin holdings just to enter the Altcoin launchpad which ultimately provided no profit. seeing how bitcoin grows quickly makes me quite regretful that I sold it. but it will indeed be a lesson, starting to carry out management and analysis to find out about the projects to invest in and of course not sacrificing bitcoin.
In everything, we should learn to first make research before starting, many people have made the mistakes of leaping in before looking, to get out of it becomes a different task entirely, the moment we realized that we are doing the wrong things, that would have taken us someway too far and we cannot avoid to have the negative consequence that may follows, we should seek to learn more than doing more.
Quote from: boyptc
You are making me remember of my friend that has the same reason for disposing and selling his bitcoin. The reason doesn't make sense. He has got bored as well and that led him to sell.
I think that was on 2018 and bored in a way that it was a bear market and prolly he lost hope by that time. A mistake that can no longer be corrected but can still recover somehow through accumulation.
Those that always sold their BTC during the bear season always have some regre to experience because, it was not their wish to sell their BTC at the moment but they don't have choice that to sell to solve issues at the moment but such people always have way to succeed to overcome such condition to be part of those that is hodling long these days.I think that was on 2018 and bored in a way that it was a bear market and prolly he lost hope by that time. A mistake that can no longer be corrected but can still recover somehow through accumulation.
Likewise what is happening right now in the market that is making some to start avoiding BTC investment because, since they join the hodling they never experience bull market over two years now but if they can endure before the end of this year 2024, it will help them to share a good story about their hodling.
It's actually great if the op sold after BTCV lost just 30% of the price because I see that it went way-way down pretty fast and now has virtually no trading volume and a price of something very close to zero. I've always been suspicious of BTC clones, so I didn't invest in those and often didn't even bother to claim when via airdrop when that option was available on some platforms. But in 2017, I decided to keep hodling when the price was $15k+, mainly because I thought it would continue to rise and because I didn't want to spend a lot on transaction fees. But then the bear market lasted for so long that I ended up selling by coins, just at a much lower price. Sometimes selling at a good price is the right thing to do if you know you'll need to sell at some point in the near future anyway.
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