Bitcoin Forum

I cannot count on my fingers how many times people, who are not even invested in Bitcoin, told me that I should have sold my

bitcoins when the price was at $19,000+.  ::) ::) ::)  Do you also get those "knowITall" finger pointers, telling you what to do

with your money/bitcoins? I never tell them what to invest in and when to pull those investments, but now that the price has

dropped, suddenly everyone has an opinion. {Couch investors}

If I listened to them when the price dropped from $1000 to $300 a few years ago, I would not have made more than

800% profits on the coins that I did sell last year.  ::)  Just take this little bit of advice today, DO NOT listen to those

couch investors.... they are too scared to take risks, but their mouths are the biggest when the price goes down.

Keep your advice, I already achieved a lot, by following my own advice.  ;)

Just curious at what price point are you going to sell?

 

This is just survivorship bias, people are making tons of predictions in their lives, but they only pay attention and remember those that came true, and this leads them to thinking that they are geniuses that can predict future. You can try to point out how many times they were wrong, like in this case, if they were telling you to sell when the price was way lower than the current price ($1,000, 2,500, etc.). You can also remind them in the future, when BTC will reach new ATH, that they were ridiculing you after this crash. Also, tell them how rich would they have been if they've just invested at the bottom.

Everybody can talk after the whole thing crushed. I guess when price was climbing those, same people, were feeling they missed the boat and thinking how you are making tons of money. Reallity is that not all of them look at the same thing as you are looking at now. Many are blinded and yet they will tell you all what could go better. They are the ones looking from sideway and giving you opinion even though they don't know a single thing about it.

"I told you so---" "I should have bought it when--" "I shouldn't but it during---" "I buy it during the high---" well if your strategy on first is not affected then you should be preparing for the next one.

So that's how we should address them, couch investors. I remember also those times that when I shared and told everybody that I'm into bitcoin, their faces became frown and raised their eyebrows.

They keep on talking that it was just a scam and there's no future on it.

I'm happy that I never listened to those type of people that are working all day long with a fixed salary and don't want to take risk into something new like crypto's.

They are also no coiners.

My bitcoin friend shared me one of his favourite quotes about this newbie accounts working all day and night spreading bad comments about bitcoin a year ago, “empty cans are noisier”, close to that as I don’t remember it fully now.

He only mean that those who shows concerns and panic are those who don’t know nothing about cryptocurrency. They portray to be a genius one without balls.

This guide me to be a better trader so I know it works. My advice, “Don’t listen to them it worth nothing”.

Every living soul that has invested into bitcoin or some other crypto had that problem. And if they didn't, they will in the future. That is something we should get used to, because limited people will always judge.
You are right when you say that what matter the most is your own opinion, and maybe only after opinion of some other people.
Oh and those people who says that bitcoin is scam, but they don't know basic things about it... They are even more annoying than those "IKnowItAll" guys.

I like this statement! Will have to remember it, so next time when some smartass tell me something I can fire this back.  ;D

Not until it reach a new ATH above $19,000 and then I am still not going to sell every coin I own. I always sell only a few

coins to increase my profits and to create a buffer against inflation.  ;)


Yes, I went through the same nonsense when I first bought some bitcoins at $300 and those people who was against it,

quickly changed their minds, when it reached $1000. Many of them came to me for advice on how to buy, because they

too wanted to get in on the action. Being the sucker that I am.... I decided to help them and they made huge profits in

2017.  ;D

Definitely own advice as well as analysis is always appreciated. There areso many FUDs and speculationss are spread in he market. So listening to other will not result anything better. However the caption is so funny

As the nature of the crypto market is volatile so price will fall and rise rapidly. If anyone panic on hard situations and take wrong decisions then he will definitely make lose of his investment, otherwise won't.

maybe you are waiting for a price like late 2018, so hold and wait for a longer time starting from now.

That's how life works for most of the people. Even though they have no experience in a field they're talking about they pretend to be experts and if you make a smallest mistake they're gonna remind you of it especially if you have a chance to become successful. It's like that because people doesn't want to see someone being better than they are.

I completely agree with you. In crypto industry we have to be patient enough and hodl the coins for long term investments. Then when the right moment comes, we can trade the coins for benefits.

What are you talking about? Did you even bother to read what OP wrote? And not to mention your terrible English...
Please STOP making posts like this, they are off topic and simply said shitpost. You need to improve ASAP,  otherwise there could be consequences.

These are the reason why I don't discuss bitcoin and alternative currencies investment with people without any knowledge in it. They will kill your spirit with I told you so syndrom

I appreciate you. I think that patience is the biggest thing. If anyone want to do real profit and survive in the market they must keep patience. I believe that BTC price will rise up again within the end of this year and that will be the celebration time.

It's that certain kind of people. In computer gaming they're called backseat gamers. I'm sure that if you ever played a game with someone sitting next to you, you heard something like "you should have waited" "go left, you see, I told you!", "and you're dead" -like I haven't noticed!
Or those people who are driving your car from the bitch seat. "go faster!" "slow down!" "park here!"
Sure, If I knew that it was going to fall to 6k I would have sold, but nobody knew that. Without negative news, exchange hacks and general FUD, the price would go to 10k and continue up.

Mainly you can’t patient one particular coins. Because you need to patient all the market.This market is suffering for low price. The price of BTC little increased but after this hacking this price again fall which is really frustrating. The another cause of fall BTC price to panic sell and some false news.

It's better to sell coins when the price rises. Holding coin is good. But, not in time when the price reached to the highest. You may need money at any time right!.

Yes, you are right on this. It is not at all wise to take a suggestion from everyone. The best option is to do the research by own and take your own decision.

Don't give attention to those people who hurt crypto traders to the core. When things get bad, thy have a  way to rediclue  traders but if things go on well, they bow their heads in shame and be asking more about your strategy.

Well said. True believers set their target and sell at those targets no matter what. There are others who just want to hold BTC for life also. Thanks for the advise anyways, listening to others sometimes might cost you a lost.

People have different views and opinions and what matter most is that your decision should be followed in the end. Knowing that  you had longer experience in the community,  you had more knowledge than the others.  Crypto currencies are unpredictable and volatile wherein some of people missed their predictions.

Some people? You mean the far majority were far off with their predictions. If there is one thing this market taught us throughout the last years, then it's the fact that you shouldn't try to time the short term market.

Peaks are no peaks and bottoms are no bottoms. We have seen it last year on the way up and this year with the correction. I'm happy to be a hodler and not actively try to trade my way up.

I'm sure that if I did try to trade the short term market last year and this year, I wouldn't have done well. Instead, I just sold at what I thought was an overbought price and bought back at what I thought was an oversold price.

Simple and pretty much risk free.

He may not sell at all unless he badly needed the money. Those legendary guys knowns already how these works, they have been here for years. Don't listen to them when they say HOLD. Its all shit.

I wouldn't believe if he said he didn't dump and buy, even if he sold his btc for a price of less than $10000, he would have gotten much profit still. Hell I sold my ETH for $600 and bought back at $400, I still got more than 16 ETH after buying back.

sometimes we need advice from our friends or people who more understand market conditions than us. but the decision is always there to yourself.

do not forget, that fluctuations are faster than your footsteps. market analysis, focus, and also patience is more decisive than a advice, I think that ultimately luck will be on our side.

Haha! Said it right! People like those you've mentioned are so annoying! They love getting involved in other people's lives and have this thinking that they can make an influence already! If interfering with other people's lives could make us rich, I'm pretty sure most of us are now billionaires! Haha! Somewhat sarcastic...but true!

Yeah I got that a lot, an annoying people that assumed they are a great advisor, if I knew 19k is the highest then I will sell it, but the problem is we didn't know that it was the last ATH, and they just blabbing and counting how much that I will got If I sold my btc, and now the price has fallen so low, so I asked them whether they would invest or not, they said that btc is a risky investment and doubt can get money from it, "don't dare to invest but like to comment", yeah I got that kind of friends

I hear it as well and from people who have not any idea what the heck is btc, not only btc but fiat money and finance markets as well. I say to them " you told me so when it was 4k and it went to 20k than back to 6k, so if I have listened to you I still would be in loss. "

Yes.Tons of free advices are got from such people who have not been ready to take risks.

I totally agree with that.People who never invested are those people who acts to know everything.Its kinda funny coz they keep on making advices even without knowing.Thats why if you had a plan to invest make sure that you had a what you called "PATIENCE".In investment its taking a risk and should have patience in order to stronger you mind and keep on your goals.Without patience you will surely struggle in decision making and may end up regretting something.

Yes, It is always on us how we decide for our own coins. Who would have thought that the price would suddenly go down? What if it went up until now? Could be different story I must say. I'm just gonna hold them for a while.

   Sometimes listening and following others opinion will lead you to nothing. Specially to those people that has no knowledge about bitcoin and cryptocurrency. They are good in speaking but nothing in terms of work. Much better to believe and listen to yourself alone,be a great risk taker so that no matter what will happen you will accept because that is your own decision and strategy ,you can't blame anyone if you failed and you can't thanks anyone if you succeed because you do it by your own with out listening to others.

Sometimes humans are not satisfied, when they get the benefits, they just silent, but instead when suffering from mouth-blowing mouth loss began to grieve bitcoin as a disaster.

Here in cryptocurrency it needs to be done  with confidence not arrogance, developing the right habits is a big part  of becoming  a successful investor/trader ,if you merely copy/ listening their strategy or analysis you are hindering your own education process, its ok to learn from others  but we need to be focused on finding our own success.

no i don't get that but because i have been around for a while (4 years now... wow) i get the opposite of it meaning they tell me "You told us so ... but we didn't listen." i have been introducing people to bitcoin whenever they ask for it and they usually also ask about its price. so for example when i told them what bitcoin is and told the price is $700 and they just forgot about it and now see it is worth $6k+ they kick themselves.
of course i try explaining again what bitcoin is and try to make them understand that the price is not all they can get out of bitcoin. the decentralization and freedom of using your own money is the more important thing.

Hmmm! It is always like that. But before you listen to someone's advice, just be patient and think it through. These are some few questions you should ask yourself : have some people already succeeded? What do I think made them succeed even though others are saying it's impossible? My dear, the negative talk will keep coming but I tell you, all is about determination. It's true many have failed. Yes, they failed because they are failure. Do you see yourself as a failure too? If so, then don't even start! Just believe in yourself and trust that you could make it and you would in no time reap the benefits.

You need to do your own research, and form your own opinions. Most people are unbelievably stupid, and just believe the pap that they are fed by established  news sources. I find it incomprehensible that nearly 50% of the UK voted to stay in the EU, when it is obvious that the country has been in constant decline since joining, and has seen the theft of national assets and pension funds. The pound now is at 30% of its value when we joined. If people are that stupid, what chance have they got of understanding Bitcoin. They probably believe that their fiat bank deposits are real money, and more secure than Bitcoin.

Majority of people will always put their noses in other people's business. Some people love to "coordinate" other peoples life, but they can't do the same for them selves...
They would rather deal with other's people problems, than to deal with their own. I guess that is some kind of escape from their life...
Its annoying that is for sure, but in the same time it is something we need to learn to live with. People like that will always exist.

 I'm trying to avoid using this phrase because people are experiencing their decision consequences by themselves and they all don't need my schadenfreude ;) sometime it can cause the harm to relations.

And when bitcoin would fly again to the moon, all of us would be saying again I told you, lol. It is so natural for human being to do that, we can not just handle the temptation to say that.

If only we had listen to people who are just out to be pessimistic, I wonder if anyone would have one satoshi in wallet because it would have been sold. The funny thing is that, they are not advising you to sell because they love you but because they want you and them to be on the same page since they know when you keep holding chances are high that you would become richer should in the near future.

The "I told you so crew" are almost every where you turn to. The worst of it is on the forum where you expect to see some comfort its the opposite that is being propagated. It really takes the strong hearted to navigate against all of the negativities and hoping the tides will turn very soon.

I get that a lot! My family and friends still wonder why I post campaigns about cryptocurrency. Personally I know that this is the new way and so regardless of what anyone may say, I am keeping my coins. The future will vindicate us or not.😂😂😂😂

I think you're doing the right things although I don't know whether your decision to hold Bitcoin is right or wrong. I say that for the reason that, you are the decision-maker, so if you win or lose, you won't have anyone to pick on but yourself. I mean you're totally responsible for what you've done. Just keep calm and make a killing!

Your "smart advisors" only remmember what they had exactly predicted, not what they had wrongly predicted. Being together with such people is really annoying. I think we own our money that we put into Bitcoin, so it's we, not others, who have whole rights to what we'll do with our investment. There're no need for anyone else to butt in.

Many people don't have solid knowledge about what they're advising us, but they shoot the breeze as if they knew everything! Comments are sometimes useful but we should be alert enough to distinguish which is constructive and which is trash.

Patients are key to become successful in the future. Investing in bitcoin is good choice cause but investing in here you need lot's of patients to wait before you gain a high profit, and I believe that bitcoin will rise again at the end of this year.

Well, surprisingly people who tell to sell on 19k $ are right, because that price was in bubble spike. This was valid for btc and for the most of altcoins. An example now: i have an altcoin, "Ella", which during bubble reach 4.5$ value. Now it value is 0.07$. Sadly, but true.

You're absolutely right. People who really care about you just give you constructive advice, not guide when you're sane enough to make decision. And when the outcome is like they predicted, not like you expected, constructive people never say "I told you so" but console you.