Topic: Wrong Moves With Your Bitcoin - page 5. (Read 1029 times)

That was a horrible mistake you did. leaving BTC and going to BTCV was nothing but stupidity. Good that you accepted 30% loss and took a exit. If I were  you I would consider myself lucky for realizing my mistake when there was still time. becuase you could've lost 90% of your money in that because any altcoin that has a BTC in it's name is 100% a scam or a rugg pull.
BTW which BTCV is that you talking about? I searched CMC and there are tow cryptos with BTCV ticker. I thougtht it is a Fork of bitcoin you talking about. but looks like it is even worse. LOL



Thank god I don't have any experience like that. I did invest in other altcoins. but never left BTC and never invested 100% in any altcoin.

Hmm, What a perfect Youtube Thbmnail OP inserted to get attention for the topic, good job buddy. TBH I'm not used to such large images with no stats (memes are an exception here). At the same time, I wonder if you've chosen an alternative BTCV and I've never even heard about it honestly. At the same time there were many other alternatives if you are not a hard Bitcoiner you could have chosen nay of the alternative to out perform the returns easily.

Anyway, it was up to you, and considering the current market momentum with the 3 years seems like situations are different we are not actively checking-out that the entire market sentiments are highly bullish and that a win-win situation just needs a little patience. Bitcoin is not the best performer at all, Bitcoin is one of the most reliable best performers. If you are willing to take risks then you should definitely look onto the diversifying strategy and it would be great with some popular narratives.

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.

I guess I have posted this several times in several threads. My only wrong move was to sell it for a cheap price. I bought Bitcoin before the last bull run and I was holding tight without realizing that the bull run was over now. I didn't understand when I should have existed in the market. I could have some little profit from there.

Later, when Bitcoin was moving sideways, I was still holding with the hope that the bear market wouldn't be there for a long time. Then the lowest price was 15K, but I had to sell my Bitcoin in the 20K range because I needed some urgent cash. That is my only wrong movement with my Bitcoin.

Earlier this year I fell a victim of it. Where I bought a newly listed coin and I thought it would boom,only for me to discover that the coin dropt drastically down by %30 I was hoping for a recovery sothat i could sell. but to my greates suprise it fell down to %60 before I could no my $30 turned 5 dollar I was so terrified about it that I had sleepless night and after that great encounter I hated the name shitcoin.

This happens to only faithless people I mean those who just have little idea of Bitcoin and sell when prices make some correct and when they see their read portfolio they rush to sell their amount of bitcoin. These kinds of things happen due to fake FOMO on social media.

Well if anyone has sufficient knowledge he will never sell his points rather he/she will accumulate more by considering it a buying opportunity. Because they know the power of Bitcoin and don't fall prey to any FOMO due to their strong Believe in Bitcoin.

That's a very sad story for yourself because you have made the wrong step by giving up Bitcoin for altcoins whose potential or future is very unclear. If you say for the past three years, that means you are currently in a period of very good market conditions and not at all bad because three years ago was in 2021 which in general the price of Bitcoin is experiencing a very large and quite increase. good for everyone. But I don't understand why at that time you started to not believe in Bitcoin's potential so you were more willing to choose altcoins at the expense of the Bitcoin you had at that time.

Now you should know that there is no better option than Bitcoin so you should go back to choosing Bitcoin and also apply more patience after choosing Bitcoin. Whether it's for long-term investment purposes or other things that can make you more profitable, because Bitcoin always gets better after experiencing a price decline and now you can also see that Bitcoin has returned to more than $43K in the market. It has also allowed more people to profit after regaining faith in Bitcoin in the past year and buying it in amounts they can afford.

If you plan to hodl for long term purposes stop watching your investments every single day it might stress you out. Leave it there and relax keep on acquiring more and more Bitcoins use DCA and forget it all and wait for your estimated date like every four years to reap your profits so you are not gonna make any wrong decisions along the way.

I see nothing bad when people don't invest bitcoin when they have no interest in it. It is better to invest it when their is a better understanding of it, so if you force yourself to invest bitcoin when you have no interest understanding you will end up up losing your money due to lack of knowledge.  I think people shouldn't regret why they never invested bitcoin in the past, whenever people get to understand bitcoin and have good interest to invest in it they surely get the benefit that bitcoin has. It is better to understand it, have interest in it at the right time which it will be productive than to invest in it blindly.

Everyday their is opportunity in bitcoin and their is no late comer in bitcoin. Their are many people that had the chance of having bitcoin but because of the lack of understanding good amount of money was lose in the market. For me I prefer to understand it first and have good interest in it than investing without knowing it better just trying to see if it will work or not.

I can't say it was a wrong move to sell our Bitcoin earlier because what if the price never reached the current price? Let us say it dumps to $1000, I was certain that people are in regret for not selling them as well.

We made a choice to sell or hold and it was not regretting anymore. In fact, we benefited from it as well unless we are selling at panic but I know that the majority are in the profit which means that we are still winning.

The wrong move is that we never invest Bitcoin even though we know it already. It simply means that we are rejecting opportunities.

I made the same mistake I made in the past. I was holding Bitcoin when the price started to rally. I noticed that the Altcoin price movement was faster than Bitcoin. So, I decided to sell my Bitcoin to purchase a specific Altcoin, but unfortunately, that Altcoin was already at its peak and the price suddenly went down. I don't want to cut my losses as it is only in my Spot wallet, so the only thing I can do is hold it. Nevertheless, the regret of not holding onto my Bitcoin during that time is the biggest mistake I have made.

Individuals frequently overlook the long-term effects of investment because they are engrossed in the short-term trends and feelings involved. Investing demands perseverance and patience; it's a marathon, not a sprint. A 90% dip can be demoralizing, but persistence can pay off with enormous advantages for those who persevere. You also correctly point out that investing is about more than simply making money—it's also about the knowledge and experience you pick up along every step of the way. That's a really crucial thing to remember, in my opinion, especially for people who are new to investing.

I've also had similar experience as the OP, some years back, I decided to diversify my investment since Bitcoin trend wasn't encouraging, and I've till today regretted that decision.

Yeah, I knew that it had helped him but regret is there and he's never come back to this market. He told me that he would by this year because he's aware of halving and bull run.

But I don't know when he exactly DCAed or did he actually do it already or not. I wish him the best as well and told him that I am always here to support him but not financially. 

I have done the same thing selling my Bitcoin in the past, but I guess it wasn't that bad since I still sold it at a profit I used that money for some things that I've wanted, but I guess it is still better if I still have a good investment or if I still holding it that might probably take a long time to profit but it still has a chance for a higher profit. I guess the thing here is we just don't know the limitations of Bitcoin here, we might know that Bitcoin is going to increase its market price in the coming years but how far can it go right? then you're just going to realize that it's better to hold in the end when the market price already skyrockets to something that you don't really expect.

It is surely true that experience is the best teacher, I really learned a lot of things in the past Bullrun, and today, I have already accumulated a fair amount of Bitcoin, I wouldn't sell and to be honest I'm already expecting the market price to drop especially when near the Bitcoin halving there are for sure going to be a lot of up and down that is going to happen.

In the end, the goal of an investment is to earn a profit, there are some investors that don't want to sell their Bitcoin at any market price to the point where there is to point in investing if you not really going to use those funds right. So It wasn't a wrong move to sell at a profit at some point you going to reach a point where you could have a chance to sell your Bitcoin and I could always recommend making a profit if you can since the market is still a cycle so you could always reinvest your money.

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.

Who knows what will happen in the future, maybe Laszlo Hanyecz wouldn't trade his Bitcoins for two pizzas. If you are talking about mistakes made in the past with Bitcoin, perhaps Laszlo Hanyecz is the person who regrets it the most after seeing the reality of Bitcoin trading at prices reaching above $40k per day. Mistakes in investing in Bitcoin or other assets are the most valuable lesson, when the plan has been neatly prepared and followed by action, patience will in any situation provide maximum results.

Actually some of us one way or the other sold our Bitcoin due to the price drastically going down at some point and bought other cryptos we felt is being hyped and believed that it would be better than Bitcoin but when it starts dumping and possibly the price of Bitcoin starts skyrocketing, there is this anger of disappointment that we have of which I've been a victim of such and after that day I actually sworn I would never sell my Bitcoin to purchase any other cryptocurrency even if I wanted to buy another crypto, I would still hold the Bitcoins in my portfolio.

I’ve got wrong moves but never in bitcoin, that is trusting those shitcoins and meme coins before right after dogecoin has surged very high. I thought meme coins could actually bring the best profits in the crypto market so I never hesitate to make a big purchase and look where I end up, I end up losing and regretting.

So now, I’m trying to recover by trusting bitcoin this time. I’m actually aware that bitcoin is the king of crypto but due to it’s expensive price, I was tempted to invest in meme coins instead. But now that I’ve learned my lesson, I’m back to investing in bitcoin by using DCA consistently and hold them like there’s no plan of selling. For now, I believe that the best time to sell is when the market is already in bull run, but I’ve come to decide that I won’t be selling all my bitcoin that time but continue to hold so I can be able to gain future profits in the next bull run, and of course I’m doing all of this for my future retirement.

What is the need to sell your Bitcoin when you know that the price can recover from at whatever time and this is why it is most important to take concussion and not to jump in and out of bitcoin at frequent, in fact,  i have not been up and doing greatly in my bitcoin accumulation, and my biggest negative hit was when I lost almost 1 BTC to scam project, and funny enough, I won the siad Bitcoin from gambling way back then when the price of Bitcoin was low and I couldn't feel the impact that much, but know that reality is downing on us I realize that I have made a bad mistake to have invested in a cheat coin,
But also I am glad I made those mistakes, at least they taught me the lessons that I have learned so far and as such I won't be making such mistakes again in the future since I also learned from my own mistakes which is the best teacher for me at this moment.

It was with the previous bullrun; I overlooked price increase before which pushed me to just be too confident and just be firm holding my Bitcoin holdings even if a price correction already happened. I've learned that the market price no matter how high the demand is, will still be prone to changes caused by general factors. In my circle they call me 'diamond hands' for not selling easily. It is indeed the right thing to do in some instances however, if you want to maximize the profit then respect price ceiling and volume in price charts. I ended up selling too late and moving to other crypto with hopes of getting back with my maximum profit thru different coin but ended up with loss.

Don't get me wrong, long term investment is okay as long as you are talking about years for holding. Just be firm of your vision  as an investor of a particular asset.If you can endure just holding, then continue until satisfactory and avoid shifting your plan jist because you had feelings of greed to earn more.

We may commit as many as possible mistakes with our Bitcoin holdings but be sure to learn in between those mistakes 'cox things won't be cheap in return. Also, erase the idea of easy profit in crypto investments. You'd always be encountering challenges along the way such as tempt to sell early.