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Title: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 08:17:09 AM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months?
I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: hosseinimr93 on August 18, 2019, 08:49:32 AM There is a same story for most of the people involved in cryptocurrencies. Some people need money and have to sell their bitcoins and some people panic sell. You have sold your bitcoins at 3000 dollar. There are many people who have sold their bitcoin at 1000 dollar, 200 dollar, 100 dollar and even 1 dollar. People do not now what will be the price tomorrow. Do not blame yourself and try to earn some bitcoin.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: timotron on August 18, 2019, 09:21:40 AM Oh man, You still are good, Some of us sold under 1K!!! But never mind, there is still time and space to grow.
Right now I have put it all on into some crazy ALT...Double or nothing. I nearly lost it all, now is gonna be time to shine :D Buy BITCOIN and HOLD for life ! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Mulann2 on August 18, 2019, 09:29:22 AM There is no need to feel guilty or bad at all, at least you sold the 2 btc to solve a personal problem not just lavish it on irrelevant stuffs that won;t benefit you, you where able to help your family through a difficult times by selling your coins is commendable, it shows you care about the welfare your family and not just interested in money, of-course, you would have made 2x of the money if you held but who would hodl btc for a higher price and watch his/her family suffers ???
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: avikz on August 18, 2019, 09:46:11 AM Quote I was away in Dubai for work while my family were staying back home in my home country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problem to feed and cater for them. Did I make the wrong or right decision? You have taken the absolute right decision at the right time! Family comes first and nothing comes in between for a mere percentage of monetary gain! I have seen a lot of new generation people don't give a damn about their families. They even call their father "the old man"! I am glad that you are able to support your family when they need it. Never think of anything else or regret for what you have done. A good deed is worth more than some money and you have done just the same! Quote Have you ever sold your BTC at low rate and it later bumped and you were regretting...? If you remember why we celebrate "bitcoin pizza day" then you will understand the true meaning of regretting. But there's another part of the story, https://www.finder.com.au/bitcoin-pizza-guy-i-regret-nothing-also-satoshi-was-a-weirdo This man could have earned 800 million USD for the cost of two pizzas that he spent in Papa John's restaurant! I sold a lot of bitcoins at $3000 to sustain my families but I don't regret because the time demanded me to take that action! There's no point regretting about it! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: o_e_l_e_o on August 18, 2019, 09:54:35 AM While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. Big surges and drops in price are driven by pure speculation. Long term, steady, and sustained price increases are driven by adoption. If everyone in this space did nothing but hold and never use bitcoin, adoption would cease, growth would reverse, and the price would fall. The price depends on people using bitcoin, and those who do nothing but hold it aren't contributing to its growth.As you say, bitcoin is first and foremost a currency. Use it. Spend it. Talk to merchants and retailers about accepting it. Pay your friends with it. Replenish what you've spent by buying or earning more if you don't want to deplete your stack. Spend more time learning and discussing why it is better than fiat, rather than just talking nonsense like "When moon?". Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Pab on August 18, 2019, 10:03:15 AM Yes i have sold my bitcoin at lower price because i have been in hard condition related to my health
You did good choice money is just a money our life is much more important I am on Telegram trading group what are making daily trading .His life is not sleep and is divided by short and long btc. Very nice people guided by one of the best trader but is very often that they are losing his life I think that you have good choice and thanks for sharing your experience Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Lucius on August 18, 2019, 10:18:03 AM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I had waited for few more months? You coins, your decision - I don't think finding other people's opinions in situations like this really matters. But I do not get one part of your story, you work in Dubai, and you get pay for your work? So why you did not use that money to take care of your family? From what I see you work and get pay in BTC, now you are sorry that you had to sell that BTC in wrong time? You had an option to sell only 1 BTC, but for some reason you sell both - there is no way back now. Maybe you will make a new business deal again and get some BTC again, it is never late to invest in BTC. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: buwaytress on August 18, 2019, 10:28:46 AM Without a seller, there's no buyer. And sure, you could have held on and made more, just as easily lost aome.
I make all my income in Bitcoin and a smattering of other crypto, so I have to sell every fixed period to pay bills and eat... I've found that on a rough average, when I try to time sells to get the better price, the times I make more even out with the times I make less. Essentially, if you need the money, just sell as and when you can. It all works out the same in the end! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Red-Apple on August 18, 2019, 10:40:42 AM Did I make the wrong or right decision? you didn't make a wrong decision by selling. sometimes we all are forced to liquidate things we don't want to.however the huge mistake you made was NOT BUYING BACK after you saw the rise. despite what your title says price didn't "bump" to $10k. it slowly went up from $3k to $10k over about 7 months. in other words you stayed around and did nothing for 200 days while bitcoin was rising. and that was the big mistake you made. Quote Well, no doubt I would have gotten $20,000+ if I had retained the coin till now, but what if my family died of hunger? you don't need to invest your entire networth in bitcoin! it is not all in or nothing situation. you can always invest a little, aka as much as you can afford to lose.Quote The idea of hoarding Bitcoin and other Cryptocurrencies, no other altcoin has ever done well in the long term!Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: AB de Royse777 on August 18, 2019, 10:53:00 AM Impressive and I just could not help to send you 5 merits out of 6 sMerits I had.
The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to be adopted in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep these currencies viable and acceptable. This is a hard call even I am also mostly trapped here. I do sell my BTC when needed but most of my coins are in hold with this hope that price will spike and I will sell them then. I think us the community needs a completely different mindset, culture to grow to help Bitcoin to be used for daily life trade. Those who believe in Bitcoin they can buy it whenever they will have cash and instead of spending from the cash, spend Bitcoin when a merchant accept it. Yes we have high fees, transaction delay etc etc are there but once we start using it for daily life trade then I think we will get used to it. Perhaps people will accept Lightening payment more seriously. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 11:21:00 AM Impressive and I just could not help to send you 5 merits out of 6 sMerits I had. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to be adopted in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep these currencies viable and acceptable. This is a hard call even I am also mostly trapped here. I do sell my BTC when needed but most of my coins are in hold with this hope that price will spike and I will sell them then. I think us the community needs a completely different mindset, culture to grow to help Bitcoin to be used for daily life trade. Those who believe in Bitcoin they can buy it whenever they will have cash and instead of spending from the cash, spend Bitcoin when a merchant accept it. Yes we have high fees, transaction delay etc etc are there but once we start using it for daily life trade then I think we will get used to it. Perhaps people will accept Lightening payment more seriously. Thank you @Royse777 for the selfless gift. I am truly grateful for the appreciation. And for understanding the context of my post ;D ;D If Bitcoin is to thrive, we are the ones to drive that adoption by pushing it into the mainstream commerce. While holding it my be profitable in a short term, It may not be good for the over all Crypto growths. We need to let loose and free it into circulation. After all, Bitcoin is money, and money comes in and goes out on daily basis. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 11:29:17 AM so my question is, do you have BTC again? regret always comes later. why do you sell everything if there is a choice to sell half of it? Yes, I still have some tiny pieces here and there but nowhere near the 2BTC. I had no choice to sell half and leave half and there was no means to raise dollar loan. Don't forget that getting loans to hold on to Bitcoin is risky too, because you never can tell (for certainty) the direction it will go at any point in time. So I had to sell all to meet my needs. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: hugeblack on August 18, 2019, 11:45:25 AM I see it from a deeper point of view, buying and waiting for the price to rise is not a useless strategy or counter to the idea of BTC as a currency, but it is limited to the need, money created to meet the needs.
Speculation is what makes it difficult to use it in everyday life. Many people are speculating through bots for nothing but profit. I have not thought of selling yet, but I think the price of $ 13,000 is a good price and I may sell once that number is exceeded. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: romero121 on August 18, 2019, 11:48:25 AM Big surge and drop in price is common with cryptocurrencies. I encountered similar thing, but it was quite a low amount compared to 2 bitcoin. My friend started a business, he asked me for help. I sold 0.5 bitcoin when the price was close to $5000. Within few days of time the price started to increase regularly reaching a value as high as $14000. As OP stated hoarding might profit with a big earning, but helping in need gives a big satisfaction.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 11:52:46 AM While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. Big surges and drops in price are driven by pure speculation. Long term, steady, and sustained price increases are driven by adoption. If everyone in this space did nothing but hold and never use bitcoin, adoption would cease, growth would reverse, and the price would fall. The price depends on people using bitcoin, and those who do nothing but hold it aren't contributing to its growth.As you say, bitcoin is first and foremost a currency. Use it. Spend it. Talk to merchants and retailers about accepting it. Pay your friends with it. Replenish what you've spent by buying or earning more if you don't want to deplete your stack. Spend more time learning and discussing why it is better than fiat, rather than just talking nonsense like "When moon?". You got the point 100% correct. Without the usage, adoption would be slow or even ceases completely. Turning Bitcoin into an investment asset is not healthy to the currency. At least, while we hold some little percentage, let's release the bulk into circulation. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 11:58:09 AM I am on Telegram trading group what are making daily trading .His life is not sleep and is divided by short and long btc. Very nice people guided by one of the best trader but is very often that they are losing his life I think that you have good choice and thanks for sharing your experience You made a great choice buddy, health is wealth. Please, tell us more about the Telegram Trading Group. What do they do and how? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: MonsterV on August 18, 2019, 12:08:18 PM Well, daily needs must take precedence, especially with regard to family and we are the only hope. I myself am the same as you, when there is an urgent need and my savings are not enough then I will give up my bitcoin. Actually those who say to invest and continue to hold bitcoin, it's not entirely wrong, it's just that they are not smart enough to understand, invest in part and save some for daily needs, I think this is the right one. But no, most people understand to invest everything so that when they are in a big situation they have to give up their investment.
so my question is, do you have BTC again? regret always comes later. why do you sell everything if there is a choice to sell half of it? Yes, I still have some tiny pieces here and there but nowhere near the 2BTC. I had no choice to sell half and leave half and there was no means to raise dollar loan. Don't forget that getting loans to hold on to Bitcoin is risky too, because you never can tell (for certainty) the direction it will go at any point in time. So I had to sell all to meet my needs. You sell 2 BTC at $3000, which means you get $6000. Is the cost of living in your country very high? why don't you try to sell only what you need, not all of it, you won't use $ 6000 in one day right? So I mean, you can still enjoy trading and bitcoin increase for several weeks. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: crwth on August 18, 2019, 12:13:14 PM Everything that we have, it always starts with an idea. One person could say that you HODL this one, and the other, sell it. No matter what decision you make, make sure you don't regret it because you decided on it. No matter the choices you have, it's best to consider what you are going through. Don't regret that, especially because you used the money for the right reasons. Imagine if you were that man you are talking about, died because of waiting for the price to go up, it would make your family feel even worse.
I did sell my BTC at a low rate and thinking that I should've just waited on the price to go up. My transaction wasn't that critical, but I bought a bag for 0.04 BTC ~ 100 USD (at that time) and somehow regretted it but now, I see it as a lesson that you should wait (depending on the event) and every time I use that bag, it's worth more than what I paid for, it's an expensive bag. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: samcrypto on August 18, 2019, 12:14:51 PM I am on Telegram trading group what are making daily trading .His life is not sleep and is divided by short and long btc. Very nice people guided by one of the best trader but is very often that they are losing his life I think that you have good choice and thanks for sharing your experience You made a great choice buddy, health is wealth. Please, tell us more about the Telegram Trading Group. What do they do and how? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Nellayar on August 18, 2019, 12:51:21 PM I am on Telegram trading group what are making daily trading .His life is not sleep and is divided by short and long btc. Very nice people guided by one of the best trader but is very often that they are losing his life I think that you have good choice and thanks for sharing your experience You made a great choice buddy, health is wealth. Please, tell us more about the Telegram Trading Group. What do they do and how? For op, we should wait for more time because we don't know in this industry when it will rise or goes down. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Upgrade00 on August 18, 2019, 01:01:56 PM The likely reason why you consider it a loss is cause you were paid in bitcoins and not fiat. You were paid $6000 for the job (in bitcoins). It's not yet an investment until you consider it so.
A lot of people had the ability to buy at that time and make profit, but didn't, cause they did not know of bitcoins, were not interested or did not have spare funds. The latter is your case. Only invest amounts you do not need at the time, and can afford to lose Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Lucius on August 18, 2019, 01:03:01 PM Impressive and I just could not help to send you 5 merits out of 6 sMerits I had. What is so Impressive in that OP statement? Bitcoin is not only currency, and it will never be just that, from DAY 1 it is also store of value. Most of people use it just as store of value, some for short-term trading, and one small percentage for payments. Market is have circulation in daily trading, and ordinary people cannot be guilty for the reason that they have nowhere to spend their Bitcoins. Only way I see people can affect the merchants to accept BTC is to ask them to start accept Bitcoin as a means of payment, but so far they have good reasons to say no. This situation will maybe change in future when LN is become something usual and easy to use. Since OP is did not respond to my post and answer on some logical questions, I consider this thread as nice (and working) attempt to collect easy merits. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: pakhitheboss on August 18, 2019, 01:04:58 PM Your family is important than any other thing in this life. Whatever you earn is for them and yourself. So, if you had to sell Bitcoin for them you had to. There is nothing wrong about thinking about them first.
Do remember that what goes around always comes back around. This time you might have missed the opportunity but I am sure you will get more in the future. Carry on Hard work and fate will help you in the future. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: pieppiep on August 18, 2019, 01:22:56 PM Did I make the wrong or right decision? You didn't make a wrong decision because you have to send the money for your family. I guess that many of us will do as what you did because family is the number one that we need to support. Don't regret it because I am sure that you can be able to make more money or bitcoin in the future as if you can try to work hard. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? I already sold my bitcoin at a low rate because my situations as you and I need that money to buy my daily life and to pay my expenses. I already have seen that in a few hours after I sold my bitcoin, the price was bumped at the higher price, and that makes me said well, that is not my lucky day to get more money. I can accept that, and I realize that it was what happens in the cryptocurrency and I don't know for what will happen later.Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: BitcoinFX on August 18, 2019, 01:27:57 PM Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 ...
...snip... Have you ever sold your BTC at low rate and it later bumped and you were regretting...? ...snip... You wouldn't even want to know ... - https://bitcointalk.org/index.php?topic=4630066.0 ... - https://youtu.be/tH2w6Oxx0kQ Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bL4nkcode on August 18, 2019, 01:32:53 PM Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: joelsamuya on August 18, 2019, 01:44:19 PM The same thing happened to me around March of this year...I had to let go of my Bitcoin all because I need the money to help a family start his own business and though deep inside I am regretting that move I find a consolation seeing that the business is doing good. I agree that holding on to Bitcoin is one of the many reasons why we still have to see massive adoption by the general population but there is nothing we can do on this aspect as it is anybody's right to "invest" into something and speculate. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: antisocial77 on August 18, 2019, 01:48:06 PM I did the same things as all of us, everytime i did the wrong move, then i decided to never sell bitcoin anymore if its very strong support or resistant.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bryant.coleman on August 18, 2019, 01:52:06 PM Threads like this one make me laugh. I am someone who sold more than 30 BTC back in 2015 for $200 per coin (after losing some 30 BTC in 2013 to a scam). You got at least $3,000, but back then I got only a fraction of that. If I had held on to my coins, then I would have been a millionaire now. Luckily for me, I didn't sold all of my coins and I still have some remaining in my wallet. But it can be very tough not to remember those times and imagine what could have happened had I held on to them. So my advice to you is not to get dejected or disappointed. Accumulate as many coins as possible and wait for the next major bull run, which is going to happen sometime in 2020 or 2021.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: nightxglow on August 18, 2019, 02:05:26 PM I think it's wise for you to do that. I mean, i will choose my family over money too, so if they're starving and i only have bitcoin to save them, then why should i think about the possibility of the profits i may have if the price went up? As long as we live, we can earn money again and again, money can be find, but family won't. That's what my mom taught me, so don't worry you did well.
Although some people might think it's such a pity because you loss so much from 3000 to 10.000, it's not a small amount of money but still value your life more than you value money. I myself never regret something like sold btc and the price then went up. It happened all the time, but i don't regret it because i stick to the decision i made and trusted. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: AB de Royse777 on August 18, 2019, 02:12:45 PM What is so Impressive in that OP statement? The circumstance of the selling point. Arent't you and me and most of us hodling our coins with the hope that it will hit the moon and then sell it? Was it really the idea of Bitcoin? Bitcoin was created to use as a regular currency, to replace the centralized fiat. Since the day one it was not expected that the tx fee, tx confirmation time will be an issue but as we are going we are facing these kind of things which turning us to believe that it's not a currency for daily life use. We are waiting for a time when there will be no fiat but cryptocurrency. Anything you want to buy? Pay with crypto. Anything you want to sell? Accept crypto. We need a solution here so that we can faster the tx confirmation time and lower the tx fees. LN may help in the future or may be we will find something else to resolve it. We talk about adoption while we are holding our coins as much as we can, including me. Is this adoption? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 02:52:11 PM You sell 2 BTC at $3000, which means you get $6000. Is the cost of living in your country very high? why don't you try to sell only what you need, not all of it, you won't use $ 6000 in one day right? So I mean, you can still enjoy trading and bitcoin increase for several weeks. Yes, cost of living, plus other family expenses, plus my own cost of living in Dubai (which is pretty much expensive) are the reasons I just decided to sell all. Right now, I am running a small organization that assist those who are in need and prevent them from selling off their most valuable assets just to survive. I am hoping to help as many as I can. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Lucius on August 18, 2019, 02:52:49 PM ~snip~ As I say before, problem is in fact that it is not easy to spend Bitcoin, it can be use in our daily life only if we convert it to fiat - is such way of spending help to more adoption? Even if I pay directly in crypto ( and I buy some things from time to time), most merchants are using payment processors so crypto is just convert in fiat, and they just trade those coins on exchange for profit. Real adoption would be that you get your salary in crypto, and that you can pay almost anything with crypto. This type of adoption is not real adoption, but Bitcoin is only 10 years old, it can not change the way money works in such a short time. I expressed my doubt about this thread, and after I looked OP history i found some interesting posts like this one : I've just invested $60,000 to acquire dot.com domain name, and another tens of thousands for betting software and licenses. So do you think in story about hungry family and need to sell 2BTC to feed them, and few months before he is spent $60 000+ on some betting site which should make a bunch of money so far? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 02:58:16 PM ~snip~ As I say before, problem is in fact that it is not easy to spend Bitcoin, it can be use in our daily life only if we convert it to fiat - is such way of spending help to more adoption? Even if I pay directly in crypto ( and I buy some things from time to time), most merchants are using payment processors so crypto is just convert in fiat, and they just trade those coins on exchange for profit. Real adoption would be that you get your salary in crypto, and that you can pay almost anything with crypto. This type of adoption is not real adoption, but Bitcoin is only 10 years old, it can not change the way money works in such a short time. I expressed my doubt about this thread, and after I looked OP history i found some interesting posts like this one : I've just invested $60,000 to acquire dot.com domain name, and another tens of thousands for betting software and licenses. So do you think in story about hungry family and need to sell 2BTC to feed them, and few months before he is spent $60 000+ on some betting site which should make a bunch of money so far? That venture was the reason I moved to Dubai after loosing so much money in the project. There was another post here at Bitcointalk were I posted how a script vendor duped me into non workable Sports betting script and make me lose a lot of money. Even now I am still trying to bounce back. In the post, I wrote a review about the script vendor and how they frustrated my venture. There was another post too where I detailed how I lost my premium domain. You don't need much research about me, I can tell you everything you need to know. I also discussed much about my venture at NamePros.com (where I am a VIP member) and how I plan to bounce back, bigger and better. Cheers! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: LogitechMouse on August 18, 2019, 03:01:32 PM Well, if you are really in need at the time you sold it at 3,000 then there is nothing to regret. You can regret if you sold your Bitcoin out of emotion and nothing more. You said that you used the money for your family. Family is better than profit because you can get profit anytime but family... I think there is nothing to regret about your decision since it is for your family.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 03:20:09 PM No, I have nothing to regret at all. I wrote the post as encouragement to people who may have sold their Bitcoin at lower rate and it later bumped. I was trying to let everyone know that there's no better time to sell, that anytime you sell is a better time, provided you use the proceed for something meaningful.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 03:33:54 PM You coins, your decision - I don't think finding other people's opinions in situations like this really matters. But I do not get one part of your story, you work in Dubai, and you get pay for your work? So why you did not use that money to take care of your family? From what I see you work and get pay in BTC, now you are sorry that you had to sell that BTC in wrong time? You had an option to sell only 1 BTC, but for some reason you sell both - there is no way back now. Maybe you will make a new business deal again and get some BTC again, it is never late to invest in BTC. I think you are worrying yourself over nothing. First, this post is not in anyway a complaint thread. I only made the post to encourage others who may be feeling bad for selling at a time they consider the wrong time. Please, go back and read my original post again. Secondly, you don't know me, you don't know my problems and how big or small they are. So, it will be foolish to try and estimate how much that will solve my problems, problems you know nothing about. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: rina aulia on August 18, 2019, 03:44:57 PM Family is everything and there is no comparison even for the best diamonds in the world though, you do something right when the family needs you, I also sell under $3k if at that time my family needs it
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 03:51:08 PM Impressive and I just could not help to send you 5 merits out of 6 sMerits I had. What is so Impressive in that OP statement? Bitcoin is not only currency, and it will never be just that, from DAY 1 it is also store of value. Most of people use it just as store of value, some for short-term trading, and one small percentage for payments. Market is have circulation in daily trading, and ordinary people cannot be guilty for the reason that they have nowhere to spend their Bitcoins. Only way I see people can affect the merchants to accept BTC is to ask them to start accept Bitcoin as a means of payment, but so far they have good reasons to say no. This situation will maybe change in future when LN is become something usual and easy to use. Since OP is did not respond to my post and answer on some logical questions, I consider this thread as nice (and working) attempt to collect easy merits. You are really something else bro. You assume a lot and it's not normal. I need some Merit to rank up, there's nothing wrong if you give me some Merit, but that is not the reason I wrote this post. Anyways, I have answered all your questions, you can go back and read them up. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: HouseStark on August 18, 2019, 04:20:29 PM It was a good decision you made buddy. You needed it for your personal stuff so don't feel sorry for yourself. So far as you're still in the game, there are other opportunities for you to earn.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: boyptc on August 18, 2019, 04:38:28 PM Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Yes but before stepping into that question. I admire you as a provider to your family, you just did the right thing. Even if I'm on your shoe I wouldn't care about the price since I sell whenever I want although I'm long on bitcoin.I've sold many times on $3k and also under $1k so it doesn't matter as long as you've made profit with that and just don't look with that move since it's already done. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: yoseph on August 18, 2019, 04:38:54 PM Well if your were in dire need of the money, I believe that it was the right thing to do but was it necessary to to sell your entire stock of Bitcoins. Anyways with Bitcoins, you can buy again and wait for the next bull run because I assure you that there will be one very soon.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: fiulpro on August 18, 2019, 05:07:36 PM Man I have sold my 0.1 BTC when the price was wayy too low , it was even lower than 3k $ , unfortunately my mobile phone broke and I actually had to get a new one and I was too shy to ask someone about the money , therefore instead of waiting I sold at a lower rate , it's just investments and even if you would have to ask people for money even when you have it gets preety ... Sad ...thus I think it's fine only .
Don't regret decisions you made when you needed money or were scared that it might crash ... It happens. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: r1a2y3m4 on August 18, 2019, 05:29:11 PM Have you ever sold your BTC at low rate and it later bumped and you were regretting...? This is always I MEAN ALWAYS the outcome for me. I really really hated this when this happens. I am a person that is quite enjoying a 3-5% gain in trading for I came from stocks trading. But I really don't like myself when that phenomena occurs. It's like cryptocurrency is not for me. This is why I'm more engaged in gambling in cryptocurrency not trading. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Oceat on August 18, 2019, 05:44:37 PM There's no need to feel guilt here OP, you just made the right decision. Always remember that money may come and go but family is different so just don't worry you will be able to gain that Bitcoin again in the future if you really want to. There are much worse than yours OP if you change your perspective and putting your shoe on someone who had lost more than what you've lost.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ralle14 on August 18, 2019, 05:57:24 PM I've been in that situation multiple times selling Bitcoin on current price then after several months the price grows. I remember selling at least 0.5 or more during 2016 and was surprised on how quick it rose throughout 2017. There's a little bit of regret whenever I sell my bitcoins because there's always a time in the future where you'll look back to it and say you could've had more if you held it longer.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: shushu9977 on August 18, 2019, 06:02:12 PM Your decision is correct, because people made money or technology, money can't make people. So, anybody needs in his bad time, no matter what price the BTC is! I also sell my BTC (3200$) and ETH (under 100$) in lowest price.One the otherhand, a man who is sick and weak, and wait for bump, the price of BTC and finaly, he is dead, that is an incorrect decision. If you have no problem to hold btc, then wait, because keeping patience is a always noble virtue for profit.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: pixie85 on August 18, 2019, 06:04:32 PM Oh man, You still are good, Some of us sold under 1K!!! But never mind, there is still time and space to grow. Right now I have put it all on into some crazy ALT...Double or nothing. I nearly lost it all, now is gonna be time to shine :D Buy BITCOIN and HOLD for life ! Most members of this forum who were here when Bitcoin was below 1k sold some. I remember buying some at that price and selling when it went up by 100 dollars because 10% was a big profit for me. That's how I saw things back in the day. Bitcoin was for making money on trading and that's it. We grow up to become holders. It takes time ;) Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: AB de Royse777 on August 18, 2019, 06:06:31 PM ~snip~ Real adoption would be that you get your salary in crypto, and that you can pay almost anything with crypto. This type of adoption is not real adoption, but Bitcoin is only 10 years old, it can not change the way money works in such a short time. We need to find a solution which will need less tx fee and faster tx time. LN is offering it but it's still not widely used yet. I hope some day majority of the merchants will be useing Bitcoin as their accepted payment method and companies will offer their employees to take salary in Bitcoin. I also hope that we will start developing this culture that it's more profitable spending Bitcoin instead of holding. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Lizzylove1 on August 18, 2019, 06:33:59 PM You did the very right thing. Money is only money if it's able to solve the immediately problem at hand. Currently I sell off most of coins to keep and sustain my new family until my offline business gets a new boast. I held some coins this year, I choose not to sell but needed the money, today they have well dumped. Money not used when needed for a life changing challenges might end up causing a problem for its owner.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 18, 2019, 11:57:00 PM Man I have sold my 0.1 BTC when the price was wayy too low , it was even lower than 3k $ , unfortunately my mobile phone broke and I actually had to get a new one and I was too shy to ask someone about the money , therefore instead of waiting I sold at a lower rate , it's just investments and even if you would have to ask people for money even when you have it gets preety ... Sad ...thus I think it's fine only . Don't regret decisions you made when you needed money or were scared that it might crash ... It happens. Thank you guys for the thoughtful comments. I don't regret selling the Bitcoin and will never regret even in future. They are still more to be made and spent. It really solved my problems at that point in time and I was so happy I sold. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: jaocoincrypto18 on August 19, 2019, 11:08:35 AM You are not alone of this very ironic experience and many of us did missed this kind of opportunities but this is normal as Bitcoin investment is really unpredictable that is why it was considered risky. Anyway, missing to sell it high at the highest value is not the end of everything so stop thinking too much now and move on as there are still lot of opportunity like this one in the future.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Lapatai on August 19, 2019, 11:43:20 AM I agree that you were in need of money etc. But ok, you knew that BTC price will rise soon enough, then why have you sold all BTC you had? You could have sold 0.5 or 1BTC. This is called diversification of risks.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bitcoinposts on August 19, 2019, 11:43:29 AM selling btc at 3000 dollars is very bad idea the reason is btc will defintely pump again so we need to learn a lesson nt to sell btc below 5000 dollars
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bitbunnny on August 19, 2019, 11:52:16 AM You are not the first or last that this happened. But that was your decision at that moment based on your estimation and probably you couldn't have know that the price will rise so much. Every now and then we all make wrong decisions and estimations but the most important is how we deal with consequences and are we able to recover and move on.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bering on August 19, 2019, 01:49:51 PM If you need money then nothing you can do besides sold your bitcoin although after you sell it the price jumped 3x than the previous rates but make this as your valuable experience that patience is necessary to get good price to sold your bitcoin and for the next if you have another bitcoin from your bussiness deal then you have to wait until the price good to sold it
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bustedsynx on August 19, 2019, 02:03:32 PM The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to be adopted in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep these currencies viable and acceptable. This is dumb. Even if cryptocurrencies don't exist, you don't spend all your cash. You put your cash to work either as an investment or in a bank with high interest and then you set aside cash for expenses. You should spend cryptocurrencies as well as hodl a portion. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: machinek20 on August 19, 2019, 02:10:57 PM In life there are priorities, and family need comes first, so I don't think you make the wrong decision because you urgently need the money, but if you're investors then its a bad move to sell the coin at low price, I agree that we should spend in order to make the demand and supply become more balance, but you should save some for your investment and your future
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bright4mech on August 19, 2019, 02:43:45 PM Every thing in life is all about experience, and we keep learning from our mistakes, Therefore, Bitcoin is cryptocurrency which the prize can be change at any time, But bitcoin has the potential to raised at any thing, even the current price at $10,000 plus, is still good to invest through buying and sell in the future time.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Sexaphiliac on August 19, 2019, 03:22:37 PM The BTC couldn't have been sold for a better reason. If you're beating yourself up for selling at 3k + what if it had gone lower? What would ypu have said then. Personally, I feel one should take profits where one is comfortable but family always comes first. So even though you most likely sold at a net loss and missed out on even more profits, you did what you had to do.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 19, 2019, 06:38:22 PM This is dumb. Even if cryptocurrencies don't exist, you don't spend all your cash. You put your cash to work either as an investment or in a bank with high interest and then you set aside cash for expenses. You should spend cryptocurrencies as well as hodl a portion. You made some sense at the end of your post. Yes, I am a believer in spending some and holding some too. It is called "savings" Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Slow death on August 19, 2019, 09:33:50 PM I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. This is a very sad and very pitiful case. we you need to look at things like this: If someone decides to invest in bitcoin, then that person should have real world funds that will allow them to use it for their needs and that person should also know when to spend their bitcoins. In the case you mentioned, if the person had psychological training, he would immediately take his bitcoin and pay for his treatment to cure his illness. But as one entered the crypto world without any strategy, the only thing that comes to mind is the greed and madness of getting very rich with hold Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dimastegar on August 19, 2019, 11:53:42 PM Well, no doubt I would have gotten $20,000+ if I had retained the coin till now, but what if my family died of hunger? Money is as good as the problem it was able to solve, that's the lesson I want everyone to learn here. Yes, sometimes we need to sell part of our assets for the family. Because sometimes without us knowing, the fortune or money we receive is not only our personal possession. There are other people's rights in it.Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: mk4 on August 20, 2019, 01:59:35 AM selling btc at 3000 dollars is very bad idea the reason is btc will defintely pump again so we need to learn a lesson nt to sell btc below 5000 dollars So you're saying that it was a better move in OP's case to just hold the bitcoin and let his/her family starve? Listen to what you're saying. OP used his bitcoin for one if it's main purposes, as a currency or a cross-border fund transfer. While it didn't end up in OP's favor in terms of price, there's absolutely nothing wrong with it. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: benjamin07 on August 20, 2019, 06:37:17 AM I think BetFlexi should remove the OP from their signature campaign, this story is full of BS not even worth pin pointing each one.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 20, 2019, 11:07:42 AM Well, no doubt I would have gotten $20,000+ if I had retained the coin till now, but what if my family died of hunger? Money is as good as the problem it was able to solve, that's the lesson I want everyone to learn here. Yes, sometimes we need to sell part of our assets for the family. Because sometimes without us knowing, the fortune or money we receive is not only our personal possession. There are other people's rights in it.If I had option to sell some and retain some, I would have taken it. I simply did not have such privileged option as at that time. Like I said in the original post, I knew the price was going to rise as I have been good at predicting Bitcoin movement. So, It was not about ignorance, it was about problems at hands at that time. Right now, I am gearing up for the future trends as you can see from the recent post I made https://bitcointalk.org/index.php?topic=5177218.0 Again, I am not in anyway regretting the sale. I was just stating my experience for others to learn from it Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: hasmukh_rawal on August 20, 2019, 02:02:23 PM That's really inspiring mate. I must say that you have done a really nice job by keeping your perspective positive about it.
That's really a good quality. Money is made to make our life easier. Life should be our first priority. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: keziakusayang on August 20, 2019, 02:18:03 PM what you do is very precise, we sell any btc or coins our assets are at the right time not at a high price, I once sold altcoin at a low price I know when a few days pass if I still keep it in the next 2 weeks I will get 90% more, but I'm not sorry. because I sell my assets when I need them.
There is no need to be retained in investment unless we have other money to continue living. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: iMark on August 20, 2019, 03:53:21 PM If you need money then nothing you can do besides sold your bitcoin although after you sell it the price jumped 3x than the previous rates but make this as your valuable experience that patience is necessary to get good price to sold your bitcoin and for the next if you have another bitcoin from your bussiness deal then you have to wait until the price good to sold it I think whatever your reason to sell, do not sell all the bitcoins you have, you know that bitcoin has a beautiful future, why do you sell everything you have? lets say you need money for your needs, but don't sell it all, leaving a few percent for the future. that is good called financial management and a good planTitle: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 20, 2019, 07:19:28 PM That's really inspiring mate. I must say that you have done a really nice job by keeping your perspective positive about it. That's really a good quality. Money is made to make our life easier. Life should be our first priority. Thank you for the kind comment, and nice to hear the post was inspiring, that was the purpose. I have earned and bought some couple of Bitcoins since then. Still much more to earn in the days ahead. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: tiedcoin on August 21, 2019, 05:09:43 AM There is no actual right time to sell Bitcoins. The reason you sold yours for is good and I am sure you still received more ROI than you invested in them. That’s the positive about Bitcoins. No matter at what price you bought them, if you wait for the correct time, it always will return back more than was invested.
It is true that you could have made double the amount if you sold them right now but the situation required for you to do it at that time. It is commendable what you did. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: adaseb on August 21, 2019, 05:15:14 AM I've sold tons of Bitcoin at around $200 and also sold even more ETH at around $5-$10 a coin. I sold because at the time it looked like a fair price and I needed to money to pay for electricity and buy more GPUs.
Yes if I've held till now I would definately get much more for it but you can't predict the future. At the time BTC when it traded around $200 it looked like it would break $200 support and head into the $100 area and maybe even double digits. And ETH at the time of the DAO hack was not looking good either, and it could of went back to $1 ETH a coin. Sure if I knew what the future would bring I've obviously would of held but I didn't. Same with you selling at $3000. You said you knew it was going to go up but how sure were you? Not very. It could of went to $2000 then $1000 and you wouldn't be able to buy food like you've meantioned. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Fedice on August 21, 2019, 07:02:51 AM I've sold tons of Bitcoin at around $200 and also sold even more ETH at around $5-$10 a coin. I sold because at the time it looked like a fair price and I needed to money to pay for electricity and buy more GPUs. Yes if I've held till now I would definately get much more for it but you can't predict the future. At the time BTC when it traded around $200 it looked like it would break $200 support and head into the $100 area and maybe even double digits. And ETH at the time of the DAO hack was not looking good either, and it could of went back to $1 ETH a coin. Sure if I knew what the future would bring I've obviously would of held but I didn't. Same with you selling at $3000. You said you knew it was going to go up but how sure were you? Not very. It could of went to $2000 then $1000 and you wouldn't be able to buy food like you've meantioned. Thank you @adaseb for this great post. Would have given you a Merit but you don't need it, as you are already a Legendary 8) No one can predict the Bitcoin movement for a certainty no matter how hard they try. We all can only guess. Even at the current price, no one can say for sure if the price will go up tomorrow, or come back at $3,000. As you and OP said earlier, no better time to sell Bitcoin. Any time is a good time, provided you made some profits and used the proceed wisely. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: maxreish on August 21, 2019, 10:11:48 AM I understand the circumstances you have been through. We need money to sustain our daily needs. Hold is not a better option if you have financial crisis, better sell off your bitcoin at a low price. Yes, regrets is there. But isn't more regretful if one of the family members will get sick if we don't feed them up? I can't blame your actions back then, but maybe next time you can sell off your btc at higher price and get the profits for your personal needs.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ethereumhunter on August 21, 2019, 10:23:26 AM I've sold tons of Bitcoin at around $200 and also sold even more ETH at around $5-$10 a coin. I sold because at the time it looked like a fair price and I needed to money to pay for electricity and buy more GPUs. Yes if I've held till now I would definately get much more for it but you can't predict the future. At the time BTC when it traded around $200 it looked like it would break $200 support and head into the $100 area and maybe even double digits. And ETH at the time of the DAO hack was not looking good either, and it could of went back to $1 ETH a coin. Sure if I knew what the future would bring I've obviously would of held but I didn't. Same with you selling at $3000. You said you knew it was going to go up but how sure were you? Not very. It could of went to $2000 then $1000 and you wouldn't be able to buy food like you've meantioned. Thank you @adaseb for this great post. Would have given you a Merit but you don't need it, as you are already a Legendary 8) No one can predict the Bitcoin movement for a certainty no matter how hard they try. We all can only guess. Even at the current price, no one can say for sure if the price will go up tomorrow, or come back at $3,000. As you and OP said earlier, no better time to sell Bitcoin. Any time is a good time, provided you made some profits and used the proceed wisely. Let me give @adaseb merit for great post ;) So nothing to be worried if we already sold bitcoin. Like @adaseb said, we don't know when it will going to go up, and we are not sure when will happen. All we did that is because we need money to survive in real life. If we know the future, maybe we will borrow some money to fill what we want first, and then when the bitcoin price increase, we will sell the bitcoin and pay the money. I think others will do the same, but we have our reason why we sold the bitcoin too early. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Ridwan Fauzi on August 21, 2019, 10:54:54 AM I understand the circumstances you have been through. We need money to sustain our daily needs. Hold is not a better option if you have financial crisis, better sell off your bitcoin at a low price. Yes, regrets is there. But isn't more regretful if one of the family members will get sick if we don't feed them up? I can't blame your actions back then, but maybe next time you can sell off your btc at higher price and get the profits for your personal needs. At least this thing will make him aware of bitcoin. I guess many people out there will believe that bitcoin price will goes up again when the crashed has came. They will believe bitcoin price will goes down deeply and end up with bubble. But that will never happen, even the holder of bitcoin still find the latest information againt it they must be aware that that there is many party/company who are ready to choose bitcoin as their investment place. And recently I got an information that stated Bakkt will be ready to trade bitcoin on 23 November, that is a good news actually.Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: mazdafunsun on August 21, 2019, 10:58:55 AM If you had 2 BTC and you say that you had to sell becasue your family would almost starve if you did not, then how much you needed to help them in the first place? Why you did not sell like 2000$ worth of BTC and keep the rest if you were so sure of the bounce in the future.
I think you got scared that it could go even lower than 3000$. P.s.it so weird to talk about it now, since i also was thinking it can go to 2500 and di not buy that much either. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 21, 2019, 01:06:48 PM I've sold tons of Bitcoin at around $200 and also sold even more ETH at around $5-$10 a coin. I sold because at the time it looked like a fair price and I needed to money to pay for electricity and buy more GPUs. Yes if I've held till now I would definately get much more for it but you can't predict the future. At the time BTC when it traded around $200 it looked like it would break $200 support and head into the $100 area and maybe even double digits. And ETH at the time of the DAO hack was not looking good either, and it could of went back to $1 ETH a coin. Sure if I knew what the future would bring I've obviously would of held but I didn't. Same with you selling at $3000. You said you knew it was going to go up but how sure were you? Not very. It could of went to $2000 then $1000 and you wouldn't be able to buy food like you've meantioned. Yes, you are right. Even though I had the feeling that Bitcoin was going to rise, and even advised some people to hold, still it doesn't mean I know for sure what the future of Bitcoin would be. Thank you for the perspective. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: barbara44 on August 21, 2019, 03:16:37 PM It Is not so easy man not to hold your coin knowing the future that is ahead of your investment in bitcoin, there are so many people that has practice holding and gotten money that business would not have ever given them in life, but I agree with you in one way, we need to learn to separate utility from investment, because in your own case, you were simply paid for your work and you deserve to remove it at that point even if bitcoin later increases.
If you put money in for the purpose of saving it there, I don’t think any of this advice is really necessary because there are so many of us that has kept money in bank for so long and nothing has climbed on it, and there is a system that is willing to reward you for keeping money in the market for a while. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: xvids on August 21, 2019, 06:53:49 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I had waited for few more months? It is true most of us couldn't hold our crypto because we have family to feed and bills to pay.I was away in Dubai for work while my family were staying back home in my home country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problem to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I had retained the coin till now, but what if my family died of hunger? Money is as good as the problem it was able to solve, that's the lesson I want everyone to learn here. Very too often I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at a later time. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to be adopted in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep these currencies viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. So as long as you spend it wisely and it is used for your familoes survival then there is nothing to regret, Because we don't have a choice we couldn't let them starve just to wait for the price to increase. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: leftgirly on August 21, 2019, 07:18:43 PM In life, it is not all the time that one wins. There is no need to regret about selling, just be proud that you did what was necessary for the greater good of your family. Looking back, I think you did the right thing. That is what any good man would do for his family. Sometimes we just have to make some decisions when is necessary and not worry about the future consequences.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: elisabetheva on August 21, 2019, 08:10:31 PM What you experience may also be experienced by many, as well as myself.
I've experienced when bitcoin was in its prime and got a lot of benefits. but when in 2018 the bitcoin was difficult I experienced and suffered losses. actually it depends on the needs also if we want to sell it even under any circumstances, and we should not ignore it. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: BITDV on August 21, 2019, 09:57:49 PM Your story almost same with me
In quarter two 2017, I quit from my job even though i have high position as director and high salary, in that time i just think i want to build my own start up and i have capital using bitcoin for around 20 BTC. I put my wish with my startup staff too much while their quality is very low(i realize after bankruptcy), one year with my small startup cost me some bitcoin, and in the end of 2018 i decide to close my startup and bankrupt. Owh this is so hard for me, i dont have any salary or income and then have to live with this. My wife's also told me that she believed that bitcoin price will increase around june or july, she told me to keep bitcoin for later and live with very minimum cost. I also believe with bitcoin price will increase, but i can not enjoy the time when my family and child live in bad environtment and without support from everyone around me, i sold my 15 bitcoin for around $4500- $5000 just for move to another city and for living cost. Now i still have a debt, and still not work for more than 4 month after my bankrupty, sometimes i got food and sometimes not. The lesson from my experience are 1. Don't judge people easily, and tell everyone keep coin keep coin. Everyone have their need 2. Don't ever accept people with low quality into your startup or job 3. Don't ever accept people because of your pity to him 4. Don't get depressed while something bad happened, come back again and show you are great bro dantee1, i know and i believe you can come back. Good luck bro Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 21, 2019, 10:30:22 PM Your story almost same with me In quarter two 2017, I quit from my job even though i have high position as director and high salary, in that time i just think i want to build my own start up and i have capital using bitcoin for around 20 BTC. I put my wish with my startup staff too much while their quality is very low(i realize after bankruptcy), one year with my small startup cost me some bitcoin, and in the end of 2018 i decide to close my startup and bankrupt. Owh this is so hard for me, i dont have any salary or income and then have to live with this. My wife's also told me that she believed that bitcoin price will increase around june or july, she told me to keep bitcoin for later and live with very minimum cost. I also believe with bitcoin price will increase, but i can not enjoy the time when my family and child live in bad environtment and without support from everyone around me, i sold my 15 bitcoin for around $4500- $5000 just for move to another city and for living cost. Now i still have a debt, and still not work for more than 4 month after my bankrupty, sometimes i got food and sometimes not. The lesson from my experience are 1. Don't judge people easily, and tell everyone keep coin keep coin. Everyone have their need 2. Don't ever accept people with low quality into your startup or job 3. Don't ever accept people because of your pity to him 4. Don't get depressed while something bad happened, come back again and show you are great bro dantee1, i know and i believe you can come back. Good luck bro Your story is really touching and I salute you for your courage. True courage in the face of trial is what brings out the best in any human being. I admire your spirit. I lost a startup late last year too, after I have spent well over $100,000 in it. I even sold my website that generates $2,000 monthly from Adsense (which was my source of income) just to finance the startup. In the end, the startup still failed. Some people were attacking me here, asking why didn't I sell half and leave half. Well, they simply don't know what my needs were, and how much I needed to survive at that time. The good news is that I am on my way to bounce back. Thanks all for the encouragements. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Twinkledoe on August 21, 2019, 10:39:53 PM Your story almost same with me In quarter two 2017, I quit from my job even though i have high position as director and high salary, in that time i just think i want to build my own start up and i have capital using bitcoin for around 20 BTC. I put my wish with my startup staff too much while their quality is very low(i realize after bankruptcy), one year with my small startup cost me some bitcoin, and in the end of 2018 i decide to close my startup and bankrupt. Owh this is so hard for me, i dont have any salary or income and then have to live with this. My wife's also told me that she believed that bitcoin price will increase around june or july, she told me to keep bitcoin for later and live with very minimum cost. I also believe with bitcoin price will increase, but i can not enjoy the time when my family and child live in bad environtment and without support from everyone around me, i sold my 15 bitcoin for around $4500- $5000 just for move to another city and for living cost. Now i still have a debt, and still not work for more than 4 month after my bankrupty, sometimes i got food and sometimes not. The lesson from my experience are 1. Don't judge people easily, and tell everyone keep coin keep coin. Everyone have their need 2. Don't ever accept people with low quality into your startup or job 3. Don't ever accept people because of your pity to him 4. Don't get depressed while something bad happened, come back again and show you are great bro dantee1, i know and i believe you can come back. Good luck bro Your story is really touching and I salute you for your courage. True courage in the face of trial is what brings out the best in anyone human being. I admire your spirit. I lost a startup late last year too, after I have spent well over $100,000 in it. I even sold my website that generates $2,000 monthly from Adsense (which was my source of income) just to finance the startup. In the end, the startup still failed. Some people were attacking me here, asking why didn't I sell half and leave half. Well, they simply don't know what my needs were, and how much I needed to survive at that time. The good news is that I am on my way to bounce back. Thanks all for the encouragements. I sincerely understand those situations mentioned above. Though I am not a big time holder of bitcoin, but I went to this same situation also and happened several times and still happening. Converting my bitcoin to fiat in order to cater my daily necessities. Yes, I wanted to hold but what can you do if you need to pay your monthly bills like rent, and electricity. I don't want to take loan just because of that knowing that I have btc that I can use. So slowly, I am using my btc even if I wanted to hodl. No one cares for your basic needs so they don't have a say to your coin holdings. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: nydiacaskey01 on August 21, 2019, 11:36:47 PM If you are going to look at it like that, sold at $3,000 USD but later on BTC reached $10,000 USD you will really kick your self and ask why did you sell at that rate, but if you think back and ask yourself what was the reason back then, it will justify why you sold at $3,000 USD. You sold at $3,000 USD because there is a need that needs to be filled in, that enough reason for you at that time. No one knows at that time when BTC will reach $10,000 USD. YOu just did what you think is justifiable at that time.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bryant.coleman on August 22, 2019, 02:21:59 AM I've sold tons of Bitcoin at around $200 and also sold even more ETH at around $5-$10 a coin. I sold because at the time it looked like a fair price and I needed to money to pay for electricity and buy more GPUs. Yes if I've held till now I would definately get much more for it but you can't predict the future. At the time BTC when it traded around $200 it looked like it would break $200 support and head into the $100 area and maybe even double digits. And ETH at the time of the DAO hack was not looking good either, and it could of went back to $1 ETH a coin. Sure if I knew what the future would bring I've obviously would of held but I didn't. Same with you selling at $3000. You said you knew it was going to go up but how sure were you? Not very. It could of went to $2000 then $1000 and you wouldn't be able to buy food like you've meantioned. I sold close to 30 BTC in 2015, when the prices were around $200 per coin. I was without a job for 6 months in 2014, and was facing some financial crunch. I would say that the proceedings from that sale saved me from complete meltdown. But it can be hard not to think about what could have happened, had I held onto those coins. I could have received 100x, for a total of $600,000 instead of $6,000. That amount is not large enough to make me retire from the full time job, but I could have purchased my dream home. I still have some coins and my current target price is $250,000 per coin. I am not going to make this foolishness of selling most of coins ever again. The current prices ($10,000 per coin) doesn't look attractive enough, and if it is needed then I am ready to wait for another three-four years. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Bagaji on August 22, 2019, 03:10:51 AM O P, you took a very nice decision for your family because this is for reason why almost all of work to earn money and I don't think that there is anyone that will blame you such a good decision, but I don't believe there was never a time since the beginning of this year that bitcoin market value has drop down to $4,000 let alone your claim of $3,000 except if you are just trying to create topic mainly just for discussion and not really what happened to you. If not I don't see why you should sell bitcoin at the rate of $3,000 when bitcoin value has not decline to such level since the beginning of the this year.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 22, 2019, 05:48:10 AM it's a paradox... People are frightened by volatility, but the more people adopt Bitcoin, the volume increases and the currency becomes less volatile. The money in crypto is still relatively too small. Yes, we have said it time and again. Increase in Bitcoin usage will result to increase in Bitcoin volume, and decreased volatility. Thanks for the take Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Distinctin on August 22, 2019, 06:03:06 AM You should not consider investing if you will allow yourself to get affected by your personal problem.
In business team, business are separate from the owner, hence as a owner, you should have a job or business so you can use your income for your daily expenses, but if that BTC was not mean for long term investment, there's nothing wrong with that, you should your problem and you benefited on it. What you could do best is not to sell it right away, maybe you sell 1 BTC then hold the other 1 BTC, that might have give you good value now, but you things happen already, you can't change that. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Zero1One0 on August 22, 2019, 06:16:49 AM Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Always happens to me. I've also learned to accept the fact the I can never really time the market. When I need to convert BTC or any crypto to fiat. My immediate need will always far outweigh hodling any crypto. Your CURRENT needs, especially if they are necessities, far outweigh any future value of any asset. This is actually the reverse of what happened last 2018. Everyone is saying that I should have sold last Jan 2018. So, just buy when you want to buy, then sell when you need to sell. I accepted the fact that I can't time the market so that I won't have any regrets. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: shoreno on August 22, 2019, 06:32:25 AM Now i know why you put a wink emoji on your thread title when i though that your supposed to be sad or pissed off because you sold too early .
and now i know why you recieve so much merits on your post becauss your post shows that you value the people around you more than yourself . those who gave you merrits are i think experience the same situation as you but even me , i will also do the same thing and infact thats what i do before up until now . i love to sell my coins as soon as i have them because i have my family to feed Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Aldrinx00 on August 22, 2019, 07:18:25 AM If it's for your family needs then you had made the right decision, it's an urgent situation health and life is more important than any cryptocurrency or money. I also experienced same scenario on my past and i never regret it because family is the most important to me.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: shield132 on August 22, 2019, 10:03:24 AM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I agree with you, personally I don't look bitcoin as an investment option because this amazing coin, it's just a great method of payment, protecting privacy and etc. If you need money for yourself and are in a hurry, there is no doubt you have to do everything, sell things that you need. People have cancer and they sell houses, what if someone just sold 1-2 bitcoin? If you won't spend money, then any logic of collecting it? Poor man and person with a lot of money who doesn't use it are the same.I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. Also yeah, money has to be in circulation and I repeat that every time but seems almost everyone ignores that proposal and just says blindly: hold money. That last story sounds like a fairy tail to be fair. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Jonyshake71 on August 22, 2019, 10:33:11 AM No doubt, this your post is very very helpful & have a lots of thing, to learn from this post. I must say, you had taken best decision.
I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Sad for him. It's true that bitcoin price is growing up day by day & it is one of the life changing project.But bitcoin can't be much more important than anyone's life. He had taken wrong decision. Quote Have you ever sold your BTC at low rate and it later bumped and you were regretting...? I've sold my BTC at a low rate, at a lots of time. Later it bumped & Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. i am Still regretting cause i had sold my btc without having any emergency issue. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: wildey on August 22, 2019, 02:59:04 PM You should not consider investing if you will allow yourself to get affected by your personal problem. but he does have a heroic story. sometimes, we really cannot be friends with the situation. there are times when we can't do anything but sell the assets we have because of the circumstances.In business team, business are separate from the owner, hence as a owner, you should have a job or business so you can use your income for your daily expenses, but if that BTC was not mean for long term investment, there's nothing wrong with that, you should your problem and you benefited on it. What you could do best is not to sell it right away, maybe you sell 1 BTC then hold the other 1 BTC, that might have give you good value now, but you things happen already, you can't change that. having a job, or monthly income will indeed be very helpful if such problems occur. right now, you really can't regret it, even I feel that it doesn't just happen to you but that happens to other people too. henceforth, try to follow this advice, sell the assets you have in accordance with what you need. if you feel that crypto is still very valuable, that is a very good thing to do. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: omonuyak on August 22, 2019, 03:24:37 PM The traditional market is not as volatile as bitcoin is and as such, I have seen the patient one makes the whole profits from the cryptocurrency market especially bitcoin investing.
If you could have held your coins for just a few days or month you could have sold in a very high price that could have made you rich. Now we are using bitcoin as a store of values and not as a medium of exchange and as such it is very difficult to play in the other ways and remain relevant in the future! Time is coming when we would use bitcoin as money and as a medium of exchange or for transactions purposes but now we have to use it as a store of values. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: thesmallgod on August 22, 2019, 04:21:28 PM You mean you sell at discounted rate because I don't remember when 1 btc was $3000 at the beginning of this year. However, what happened to you is understandable. Any responsible man will do that for his family. It seems you have not seen how btc is being priced and spent early 2010. I read here on bitcointalk yesterday from a post back then in 2010 when someone is offering to pay 10000BTC for two large pizza. I am just imagine what will be going through the mind of the person up till today when he remembers the worth of btc now
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: saladin7000 on August 22, 2019, 04:34:13 PM You should sell when market at bullrun not otherwise lol
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: The Cryptovator on August 22, 2019, 04:44:25 PM Did I make the wrong or right decision? No, it was 100% right decision for you. I can understand your pain since I am also working on abroad. Family is everything for us and we should take care about them. You took decision based on your family problem. Price doesn't matter on that situation. But it would be more better if you were tried to buy bitcoin again slowly based on your affordability. So that you might gain at least few more money. That's why when you have ability to buy just buy it if you could hold, but if its question about your family then we could not wait for bump. It would harmful for us. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Vishnu.Reang on August 22, 2019, 04:56:06 PM You should sell when market at bullrun not otherwise lol The problem is that users get greedy when a bull run occurs. They will wait for more and more gains and when the dump occurs they will be reluctant to sell those coins at lower levels. But what happens is that once the bull run is over, the bearish phase will become more pronounced during the next few months. Most of the users will be forced to sell, once this phase is set in. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Xumhar on August 22, 2019, 05:10:36 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? Of course, You did the right thing. But it would be better if You kept at least 0.5 btc and sold it in July for $ 7000. Then You would have remained a good son, and there would not have been the regret that is felt in the subtext in Your text.I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: philipma1957 on August 22, 2019, 05:14:15 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. Well if this is true and you sold it all in one shot for 6000 it is sad. I read your post and have concluded you are most likely Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: kavabanga07 on August 23, 2019, 02:58:15 AM You still can earn on it, found an article wanna share it with you: https://medium.com/tradingview/my-secret-chart-for-when-to-to-buy-bitcoin-in-a-bullish-trend-deced0900403
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: suvo05 on August 23, 2019, 08:23:29 AM I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: lienfaye on August 23, 2019, 08:40:39 AM Holding and waiting for the right timing to sell is indeed profitable but sometimes there are problem that we have to face and in order to resolve it we need to let go our assets and sell.
Your reason why you sell your btc is understandable, I was also in that situation last year. For the sake of my family I have to sell my coins to provide their needs. Now I make sure I have savings to spend in times we are in need so I can hold my btc and alts as long as I want. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 23, 2019, 09:01:28 AM I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it. That is quite remarkable. Do you factor in the time depreciation of money? $20,000 in 2017 is definitely not the same as $20,000 in 2020. Hopefully it gets to 20k quickly so that you can see and diversify your investment. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Chrystora123 on August 23, 2019, 09:41:02 AM I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? the mistake that many people make is to make Bitcoin a primary income and as emergency savings, so they tend to sell Bitcoin when pressed Unless your work is focused on Bitcoin (the owner of an exchange, mining farm or service provider). Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. I'm not saying that selling Bitcoin to meet family needs is bad, but at least prepare an emergency fund so that you don't disturb your Bitcoin... I'm so sorry for the opportunity you threw away, bro.. if I were in your position then I would do the same thing as you did. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bitcon on August 23, 2019, 09:02:49 PM Did I make the wrong or right decision? No, it was 100% right decision for you. I can understand your pain since I am also working on abroad. Family is everything for us and we should take care about them. You took decision based on your family problem. Price doesn't matter on that situation. But it would be more better if you were tried to buy bitcoin again slowly based on your affordability. So that you might gain at least few more money. That's why when you have ability to buy just buy it if you could hold, but if its question about your family then we could not wait for bump. It would harmful for us. That time, it was the best decision for a man, who decided to support his family. Probably, he simply did not have another way out. However, I believe that everybody, who made once the same thing, should try to work with Bitcoin again. People should never give up. Cryptocurrency gives us a chance to start a better life, to change everything for the better, and it will be silly not to use this option. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Nazmul012 on August 24, 2019, 03:44:45 AM Undoubtedly No. People earn, so that they can expense that money for their livelihood as well as their family members. There is no value of money, if you can't be helped by it. It's true that one shouldn't waste money but that not means to be Stingy! HODL Bitcoin is great decision for upcoming future But Should Sell Bitcoin if urgent
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bryant.coleman on August 24, 2019, 05:51:36 AM I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it. Most of us had coins in our wallet when BTC hit $20,000 on December 2017. I sold some of my coins around $15K, but refrained from converting anymore to fiat when the prices rose further. I was hoping to sell some more at $25K and unfortunately that target was never realized. Then the prices went down too quickly and the exchange rate was down to around 8K in 3-4 months. I had to sell some of my coins at this level, as some unexpected expenses had to be taken care of. It may not be possible to wait for 2-3 years for all the users. Some of them may be having financial issues and they might be forced to sell their coins early. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: maydna on August 24, 2019, 07:58:20 AM I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it. By the way, you already make $7k so far, and that is a big profit for you but if you buy 1 bitcoin. But it still a profit for you and I think that only a few people that could hold their bitcoin from $3k until now. Most people will sell their bitcoin if they see there is a pump in the market because they are not sure if the price can increase more than the current price. But that is fine because they could still make a profit by selling the bitcoin at a higher price than the price they bought so they can buy bitcoin again if the price is down after it increases. I hope that you can hold your bitcoin until the price can increase more than $20k so you don't miss the chance to make a huge profit. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: acroman08 on August 24, 2019, 08:14:21 AM well, there no point hesitating waiting for few month if your family is in need of money. you did the right thing and if that ever happened to me I wouldn't regret I single bit of satoshi
if it means it help my family to survive. there are a lot of us bitcoin users that doesn't have the luxury to hold and sell at the right time. but every time I have the luxury to hold my btc I will in the hope of gaining more when I feel the time is right to sell. anyway my biggest profit from holding my btc is $6k back in 2017. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: phamminhtan on August 24, 2019, 08:20:19 AM You did the right thing, when you sold them at that time to solve your personal and family problems, but you made the mistake of why you didn't buy them right after that ??
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 24, 2019, 08:24:48 AM I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it. Most of us had coins in our wallet when BTC hit $20,000 on December 2017. I sold some of my coins around $15K, but refrained from converting anymore to fiat when the prices rose further. I was hoping to sell some more at $25K and unfortunately that target was never realized. Then the prices went down too quickly and the exchange rate was down to around 8K in 3-4 months. I had to sell some of my coins at this level, as some unexpected expenses had to be taken care of. It may not be possible to wait for 2-3 years for all the users. Some of them may be having financial issues and they might be forced to sell their coins early. You are not alone in this buddy. Most people missed the $20,000 peak price and never get it back because many have since sold at lesser prices. I believe Bitcoin will surpass 20k pretty soon but you don't have to wait for that time when there are bills to pay and problems to be solved with money. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: elisabetheva on August 24, 2019, 09:17:09 AM All will surely experience things like you, and just how to be prepared so as not to regret in the future.
I feel what you have done is the right thing and very urgent for the family. but it must immediately revive for investment again when when bitcoin was not too expensive, so you can get back up. don't give up there's still time to get the best back. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Juggy777 on August 24, 2019, 12:51:17 PM I had a great opportunity to sell bitcoin when it hit 20000$ in 2017 but I missed it. But I hold it decease upto 3000 but I keep on holding it. Now it is around 10000$ and I hope it will reach 20000$ again. Still, then I will hold it. Most of us had coins in our wallet when BTC hit $20,000 on December 2017. I sold some of my coins around $15K, but refrained from converting anymore to fiat when the prices rose further. I was hoping to sell some more at $25K and unfortunately that target was never realized. Then the prices went down too quickly and the exchange rate was down to around 8K in 3-4 months. I had to sell some of my coins at this level, as some unexpected expenses had to be taken care of. It may not be possible to wait for 2-3 years for all the users. Some of them may be having financial issues and they might be forced to sell their coins early. I too was greedy when Bitcoins hit $20k and instead of cashing out I thought why not hodl, it’ll definitely rise upwards and I’ll get more profits but as we all know bitcoin prices took a sudden dump and we all had to live with our decisions. @bryant.coleman ours is a similar story as I also had to cash out at lower levels due to certain unexpected expenses, but I don’t regret it as I understood a valuable lesson of life that is not to be greedy. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Kez1817 on August 24, 2019, 01:14:05 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? Many people experienced like what you did. Selling bitcoin sometimes not because of fear that price did not go up instead they sell it because they are badly needed it like your situation. Of course food for family is always our priority among anything else. So,your desicion to sell is not wrong,you just secure your family needs but of course you can't avoid to regret that you lost an opportunity to gain much bigger. Well,just try to inveat again,who knows Ya u can make more profit more than what you have expected.I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ritu_bd on August 24, 2019, 01:50:12 PM Many people suddenly need money like yours in life, so they sell bitcoin at a lower price if they do not get it. Because it needs to be met, the bitcoin pice is not in their hands while watching it. Again, there are many panic vendors, if the price of bitcoin goes down a bit, they realize that bitcoin will go up to $ 1. And it is not for any of us to know when Bitcoin will rise or fall, so it is a good idea to get rid of the risk by selling whatever the price is, without waiting for a crisis. thank you everyone
BTCBTC Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Vishnu.Reang on August 24, 2019, 02:08:03 PM It is OK, since no one has been able to predict the Bitcoin prices with a great deal of accuracy till now. So you don't know when the prices are going to up or down. You can only make assumptions, based on the number of users and the changes in demand and supply. The number of users are indeed increasing, despite the bearish phase that we had in 2018.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: princerepon on August 24, 2019, 04:40:04 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? First of all you didn't take a wrong step. You don't know bitcoin price rise up or not. Just think you need money for your family and you decide to hold it couple of weeks for more profit. But unfortunately price dump at 1k. Wasn't it too bad than your current situation. So whatever you did it was right decision. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Trust me you are not alone man. Me and many people gone through like this situation. Just remember time will come again and you'll never regret for this situation. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ClickonRun on August 24, 2019, 05:40:33 PM I got the 2BTC this year. still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? So, I decided to sell. Did I make the wrong or right decision? My question is did you rebuy at 10K? That would complete the number one rule of trading: "Sell Low - Buy High". ;D ;D ;D ;D Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on August 24, 2019, 06:23:28 PM I got the 2BTC this year. still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? So, I decided to sell. Did I make the wrong or right decision? My question is did you rebuy at 10K? That would complete the number one rule of trading: "Sell Low - Buy High". ;D ;D ;D ;D I don't have much money to buy at 10k. So I am waiting for the next bearish move. ::) Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bryant.coleman on August 25, 2019, 04:25:32 AM You are not alone in this buddy. Most people missed the $20,000 peak price and never get it back because many have since sold at lesser prices. I believe Bitcoin will surpass 20k pretty soon but you don't have to wait for that time when there are bills to pay and problems to be solved with money. Bitcoin will eventually hit $20,000 per coin and surge ahead, but we are not sure how long that is going to take. We may witness those levels by the end of this year... or we may need to wait for another two-three years. If the latter scenario realizes, then we'll be hard pressed for money and will be incurring even heavier losses. So no regrets in selling some of the coins now. I too was greedy when Bitcoins hit $20k and instead of cashing out I thought why not hodl, it’ll definitely rise upwards and I’ll get more profits but as we all know bitcoin prices took a sudden dump and we all had to live with our decisions. @bryant.coleman ours is a similar story as I also had to cash out at lower levels due to certain unexpected expenses, but I don’t regret it as I understood a valuable lesson of life that is not to be greedy. Greed is a basic aspect of human characteristic and there is nothing to be ashamed of that. We won't be having this conversation had Bitcoin hit 50K in 2017. But my opinion is that when you have expenses to be taken care of, don't think too much. Bitcoin may hit 20K in the future.. or it may hit 5K. You can't predict the future prices and both the scenarios can occur. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: jostorres on August 25, 2019, 05:49:41 PM Undoubtedly No. People earn, so that they can expense that money for their livelihood as well as their family members. There is no value of money, if you can't be helped by it. It's true that one shouldn't waste money but that not means to be Stingy! HODL Bitcoin is great decision for upcoming future But Should Sell Bitcoin if urgent Mind you, the system has three key features that makes the technology of bitcoin to be attractive, though not limited to them, and these features are, the utility part of it, the trading part of it and the investing part of it, and you have the freedom to choose which ever part that you belong to which you can even decide to belong to the three parties. When it comes to long term investment under investment, it is necessary that you set a goal for the future, and future I mean years. Long term investment is different from short term investment, and any money that you out in a long term investment is assumed that it is a money that you have decided to out there for a long term until it yield a very high amount of money when bitcoin reaches its peak, while short term is this term that OP is practicing, so as long term holder, I think he took the wrong decision. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Free1bitco.in on August 26, 2019, 08:13:14 AM It is OK, since no one has been able to predict the Bitcoin prices with a great deal of accuracy till now. So you don't know when the prices are going to up or down. You can only make assumptions, based on the number of users and the changes in demand and supply. The number of users are indeed increasing, despite the bearish phase that we had in 2018. yeah right, it's just that it hurts enough, when selling assets that we hold, and then the price of the pump. but, in such circumstances, it is natural to sell the assets we have to resolve our personal problems. it's just that, I might sell according to what I need.so far I still continue to prioritize holding back bitcoin, even when I need it. maybe, selling it a little to meet our family's needs is the best thing. don't rush to sell everything. I think this can be a lesson for our friends who use crypto, that leaves a little asset to hold, even though we need it, we don't know when prices will start pumping again. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Karlinz on August 26, 2019, 01:14:13 PM There is always such an ill feeling when one makes such decisions and make moves up that huge and sometimes very fast. It has happened to everyone who has held one coin or the other at a particular time and sold. But from experience, I do not need to bother as long as I never sold in loss, the best I could do is to just be happy it never went down more. Market could go either way, so rejoice while in profit and do not bother whichever direction it moves afterwards.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Pamadar on August 26, 2019, 01:26:20 PM It is OK, since no one has been able to predict the Bitcoin prices with a great deal of accuracy till now. So you don't know when the prices are going to up or down. You can only make assumptions, based on the number of users and the changes in demand and supply. The number of users are indeed increasing, despite the bearish phase that we had in 2018. yeah right, it's just that it hurts enough, when selling assets that we hold, and then the price of the pump. but, in such circumstances, it is natural to sell the assets we have to resolve our personal problems. it's just that, I might sell according to what I need.so far I still continue to prioritize holding back bitcoin, even when I need it. maybe, selling it a little to meet our family's needs is the best thing. don't rush to sell everything. I think this can be a lesson for our friends who use crypto, that leaves a little asset to hold, even though we need it, we don't know when prices will start pumping again. value rises up and you got full of regrets, but by moving forward you will learn how things works and next thing you noticed you already playing well with the market. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 05, 2019, 05:17:56 PM Thank you all to those who have contributed to this discussion, and to those who gave me Merits, I appreciates your kind gestures. I hope we learned some lessons through my experience, and from the experiences of others who contributed to the discussion.
More useful topics coming soon! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Keeminakar on September 05, 2019, 08:57:11 PM You are considering those situations where the sale of bitcoin is extremely necessary for life. But if you do not need the money that you have invested in bitcoin-then do not touch them. Give yourself a profit on this.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Dondisimo on September 05, 2019, 09:11:41 PM I was in a bit of a similar situation where I needed money to buy a car and I sold my bitcoin. Then it cost $ 2,000. And then it pretty quickly grew almost three times. I was just as hurt as you were. And so, since then, I have preferred to forget about the money I invested in cryptocurrency. They don't exist for me. I will wait for bitcoin to grow much more.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Elerntta on September 05, 2019, 09:15:27 PM Yeah, you're out of luck. But actually, I've heard quite a few stories like that. But you will never guess whether the price will rise or fall, and therefore it is difficult to choose a 100 percent favorable moment for sale.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: pixie85 on September 05, 2019, 09:51:26 PM As a trader I sold many times to see it pump right away. I even did that this year when we hit 6000 because I expected a correction and it looked like a good moment to sell and buy back later. It didn't happen and I didn't make as much money as I could but I still made money so I have no regrets.
I don't feel like hoarding is bad because it slows down adoption. OP had a reason to sell because he had a family to take care of but I don't. Why should I sell if I have nothing important to buy? For some of us holding is reasonable. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: lolxxxx on September 05, 2019, 09:56:28 PM A post worth reading and giving time for all those who rely totally on bitcoins and are keeping it no matter in which conditions they are. You should keep bitcoins only if you have some other job, please do not make your life difficult by holding bitcoins who knows about the next moment, eh?
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: longtkhd on September 06, 2019, 02:44:06 AM I have always believed in the price of Bitcoin despite the price drops and as a result, the price of Bitcoin has reached $ 10,000. In the near future, even Bitcoin has a much higher price, hold that belief.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 06, 2019, 09:40:42 AM A post worth reading and giving time for all those who rely totally on bitcoins and are keeping it no matter in which conditions they are. You should keep bitcoins only if you have some other job, please do not make your life difficult by holding bitcoins who knows about the next moment, eh? Thank you @lolxxxx for the comment and for the Merit you gave. You have it spot on. Bitcoin should be kept only when you have a job or other means to sustain yourself. Never keep it to the detriment of your well being. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Vishnu.Reang on September 06, 2019, 01:52:44 PM The next stage of the bull run might have started by now. The exchange rates are up by 10% during the past 3-4 days, and the Bitcoin dominance has also increased from 69% to 71%. The prices are slowly approaching 11K, thanks to solid demand from the global markets. BTC volumes remain robust, while those for altcoins show a sharp decline.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Zionatin on September 07, 2019, 12:19:21 AM Dude how much do your family eat? Do they eat 6k$ worth of food and stuff? You could have sold some of it , you didn't have to sell it all so your argument is void.
I spent some at the beginning of the year instead of waiting and I was also forced to spend some on living costs which pissed me off. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Republikcoin.com on September 07, 2019, 07:15:08 AM Dude how much do your family eat? Do they eat 6k$ worth of food and stuff? You could have sold some of it , you didn't have to sell it all so your argument is void. we never know what other people need. there could be a credit that needs to be paid or something like that. it's not just a matter of food, but another problem. in general, crypto users will only sell their assets according to their needs. so when he sells all the assets he has, it means he has a big problem. Well, if it's like that, we need to start over.I spent some at the beginning of the year instead of waiting and I was also forced to spend some on living costs which pissed me off. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: hardcores on September 07, 2019, 07:23:14 AM events like this have often happened and this is a loss for traders who can not control their patience so make a mistake like this, so waiting until the price rises again is the right choice to be able to get a lot of profit.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: lighpulsar07 on September 07, 2019, 09:00:31 AM Well 3k is not bad at all. don't feel so bad about it. some of us in early times were sold their btc at lower price before the epic bull run.
events like this have often happened and this is a loss for traders who can not control their patience so make a mistake like this, so waiting until the price rises again is the right choice to be able to get a lot of profit. if you think that is mistake think again mate you didn't read the OP at all. the reason why he sold his bitcoin to such a low price he needs the money to feed his family i don't think that is a mistake at all.Dude how much do your family eat? Do they eat 6k$ worth of food and stuff? You could have sold some of it , you didn't have to sell it all so your argument is void. I spent some at the beginning of the year instead of waiting and I was also forced to spend some on living costs which pissed me off. Sometimes people hides some personal issues between him and his family and also, do you think food is only thing that family needs? i don't think so and besides, 6k usd isn't huge money if he's living in US or UK you know but in my country that is huge you could feed 1 family for 3 years!! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: bitbenzhong on September 07, 2019, 11:24:58 AM so sad.buy it and forget it.
many years ago,maybe millions.hope will Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Godstrength on September 07, 2019, 11:27:02 AM This post really provided so much valuable lesson not just for newbies, even of experienced traders. I know that it's a bit hard to swallow what happened but we might still be on a good ride at this point. Crypto is just starting and don't get your hopes down!
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 07, 2019, 11:35:35 AM This post really provided so much valuable lesson not just for newbies, even of experienced traders. I know that it's a bit hard to swallow what happened but we might still be on a good ride at this point. Crypto is just starting and don't get your hopes down! 116 Activity points without a merit? I just decided to send you my last sMerit just to get you out of the Newbie zone ::) I hope you deserves it. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Shadidalam1111 on September 07, 2019, 02:27:18 PM I know how he is feeling like giving up that time has really very costly for him its gives us the lessons of the diamond stories one who quite early will get nothing but if he keep patience will get success for sure.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: De4ted on September 07, 2019, 02:49:03 PM You make me remember what I also did this year, I sold 7 ETH for less than $90 because I dont have any other choice me and my wife is in the bad financial situation we have no money to eat but I dont regret it because we need money to eat.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Purvik on September 10, 2019, 05:39:38 PM I never get regret facing this situation and did not experience this scenario as I always maintain a principle fixing a profit goal that will satisfy me even after the price bumps because I have met my primary target. This strategy will add a value for the profitable transaction and to gain extreme profits our goal should be set to Long term investment again with a goal that we are looking for on profit should be accurate.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Reatim on September 10, 2019, 06:54:41 PM What I do believe is even most of us says we are HODLERS and willing to wait for the Bitcoin price to Hits the highest price it can be yet we’re humans that has a needs each time and just like what OP experienced is a normal for many of us
I always told my self that I will hold my bitcoins and will never convert to fiat but I also have a family and depending on me so it gives me no option but to convert part of my holdings whenever there’s a financial trouble in family so this is a reasonable scenario Also we can buy back when time comes that we have enough amount to keep Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Lanatsa on September 10, 2019, 07:08:27 PM There are instances in life which doesn't really require hard decision specially when your family is at risk.You know that you do have money or investment being saved up but compromising your own family isn't really worthy at all.How about on having a profit but your loved ones in life is already dead? A very stoned heart of yours if you prioritize on making money rather than on more important things in life.If you do able to make use of those funds for food and needs then its a very good decision you had made.You missed out on the price pump but it doesn't matter as long your family lives and survived.If you don't have any option to take then use the last resort you do had but if you do have some cash to spent on then consider that option before spending your bitcoins since you know the opportunity lies ahead but as i said earlier where there are situations that cant really be avoided.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Hamphser on September 10, 2019, 07:20:34 PM It is understandable OP you made the right choice, every sane person would do the same as you do for the sake of your own family. Money would come and go but family is a different story, it might be a loss at your side but at least you still get a portion of it–it's still not a loss after all.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: pieppiep on September 11, 2019, 05:26:36 AM It is understandable OP you made the right choice, every sane person would do the same as you do for the sake of your own family. Money would come and go but family is a different story, it might be a loss at your side but at least you still get a portion of it–it's still not a loss after all. Well, if we talk about family, we will do anything to make sure they can have the best thing, and I think the OP has made the right choice as you said. He can make another profit by continuing trading, and he doesn't have to worry because he will get the best time to buy bitcoin at a low price. The important thing here is he needs to always check at the market so he can find a good time to buy bitcoin and get it at a low price. Once he can do that, I am sure that to get the profit is only a matter of time because he can get it later. Don't be too sad because of your decision, and you do the right thing for your family. I think many people are doing the same thing as him and we still have time to trade and make a profit. And I think right now, and you can prepare to buy more bitcoin because the price seems to want to go down and I hope that will be your good time to buy bitcoin. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 11, 2019, 07:07:38 PM It is understandable OP you made the right choice, every sane person would do the same as you do for the sake of your own family. Money would come and go but family is a different story, it might be a loss at your side but at least you still get a portion of it–it's still not a loss after all. Yeah, for sure. I would have gotten much more if I had waited, I don't consider it a loss in anyway because it served it's purpose at that time. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dentolas on September 11, 2019, 07:55:07 PM the universal crypto-karma dictates that there is always a better time to sell your BTC... there will always be a higher price after you sell...
the point is using the BTC for something you are in need of... same you would do with fiat money... people paid 1 btc for 1 pizza 10 years ago.... ;D Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Akoldi_ibk on September 11, 2019, 10:38:22 PM If one has been in crypto for a while and hasn't experience a similar scenario, then one still has a lot to learn in this space and in life as a whole. That happened months ago and you are still here. I'm sure you must have gain more again from crypto or acquire more since then. Life puts us in some certain positions to learn and be a better person.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Gi01 on September 11, 2019, 11:43:25 PM Don't get sad for selling your Bitcoin at $3k. People sold their Bitcoin lesser than $1k and they do not regret selling it at that rate. Bitcoin has ben volatile since it was developed and has not changed up to date. The entire Bitcoin ecosystem is highly unpredictable and the market value keeps changes every seconds. You just have to understand the entire nature of the Bitcoin ecosystem.....
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: tanjiran on September 11, 2019, 11:45:47 PM I salute you with wisdom. I have also experienced the same problem. I sold BTC in mid-2017 for my wedding. Even though a few months later the price of the pump. I do not regret, because that was the decision that I had made with prior consideration. It is important that we understand investment strategies and fund management. The benchmark is ourselves, not others. If I have benefited from the capital that I have spent, it has become a gift. No matter what people say, what is important is that I have done the analysis and made the best decision.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: yazher on September 12, 2019, 02:48:18 AM You see everything we decide to do of our self is counted as our destiny.
whatever has happened is by the will of all-mighty. maybe something will go wrong if you didn't sell it that day. just be thankful at least you got some profit out of it. My case was the same when I sold my Altcoins at a lower price but I that time I also need the money to pay my tuition fee, If it is not for that little money I don't know where to go now. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Dr.Osh on September 12, 2019, 05:17:37 AM You see everything we decide to do of our self is counted as our destiny. I think, I also have a few cases like that. needs are indeed very difficult to cover in other ways, so sometimes selling all the assets we have is the only thing we can do. even after that, we feel the loss because prices are starting to recover.whatever has happened is by the will of all-mighty. maybe something will go wrong if you didn't sell it that day. just be thankful at least you got some profit out of it. My case was the same when I sold my Altcoins at a lower price but I that time I also need the money to pay my tuition fee, If it is not for that little money I don't know where to go now. I've also gotten things like that, it's just that I'm thinking of other ways to collect assets again, and right now I'm grateful for being able to have some assets even though not as much as yesterday. Well, we must quickly move on from that situation and re-collect the assets we have sold. however, it can't be returned with regret, but you can collect it back by working hard. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Apes on September 12, 2019, 05:37:09 AM As others said, you made the right decisions because after all, family is the most important thing to everyone. Hope you are back to a better financial health to reinvest in BTC. Maybe wait to buy back in because it is no more solid to grow in the upcoming months. Good luck mate! yeah right, family is more important than selfish thinking about profit. if only concerned to profit, maybe one of the families will definitely be affected, for example children who have to quit school because they do not have money for their learning needs. as long as bitcoin can still to be invest there are still many opportunities ahead to try your luck.Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Sohyun Park on September 12, 2019, 07:17:57 AM We are earning, working to get a better living. If at the time we need the earning if we are not using it then what is the use of that struggle. I completely stand by you in that decision. Even if I was in your position I would have liquidated my funds to get my family safer. There is always a second chance thus, you can buy bitcoin again and trader or just hold and sell at higher rates.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: The Cryptologist on September 12, 2019, 07:22:52 AM In my experience, I sold BTC1.40 around last December and I know that it was devastating to see what bitcoin is worth now. We did the same thing because no one could even assure us that it could go up after dropping from $6k and a crippling long period of bear market. It is not really funny when fate plays your life. No one saw it coming and now I am full of regret.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 12, 2019, 05:07:58 PM In my experience, I sold BTC1.40 around last December and I know that it was devastating to see what bitcoin is worth now. We did the same thing because no one could even assure us that it could go up after dropping from $6k and a crippling long period of bear market. It is not really funny when fate plays your life. No one saw it coming and now I am full of regret. I understands your pain brother. Life can be so cruel sometimes and you should take solace in my own example, you're never alone in this. Countless of people have done the same thing. No one of us can predict the future no matter how hard we try. That's why we experience something like this all the time. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: lightlord on September 12, 2019, 05:12:38 PM In my experience, I sold BTC1.40 around last December and I know that it was devastating to see what bitcoin is worth now. We did the same thing because no one could even assure us that it could go up after dropping from $6k and a crippling long period of bear market. It is not really funny when fate plays your life. No one saw it coming and now I am full of regret. At least it isn't as bad as my sale. I sold 600 bitcoins for $2 each :D But then again, we all have our moments like the person that traded 10,000 bitcoins for two Papa John's pizzas Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: qwertyup23 on September 12, 2019, 05:23:50 PM The beauty and chaos of cryptocurrencies revolve around its high-volatility and unpredictability. No person, no matter how talented or smart he is, may be able to accurately predict the price of bitcoin in the market. Although there are instruments, data, and research that may be able to predict the trend, it is still relatively different from knowing the future price.
On your experience, unfortunately, the price of bitcoin skyrocketed after you sold 2 of your btcs. I am very sorry to hear but no one really knows how the machinery works accurately. Use this experience and learn from the lesson to at least save a portion of your BTCs for investment purposes. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 12, 2019, 05:26:24 PM In my experience, I sold BTC1.40 around last December and I know that it was devastating to see what bitcoin is worth now. We did the same thing because no one could even assure us that it could go up after dropping from $6k and a crippling long period of bear market. It is not really funny when fate plays your life. No one saw it coming and now I am full of regret. At least it isn't as bad as my sale. I sold 600 bitcoins for $2 each :D But then again, we all have our moments like the person that traded 10,000 bitcoins for two Papa John's pizzas Now, these are the real pain in the ass. Remembering this everyday is enough to cause some problems. BTC600 = $6,000,000+ in today's market, enough to retired and live happily ever after. And BTC10,000 is the worst I ever heard of. I hope the person is still alive? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dantee1 on September 14, 2019, 08:22:03 PM The beauty and chaos of cryptocurrencies revolve around its high-volatility and unpredictability. No person, no matter how talented or smart he is, may be able to accurately predict the price of bitcoin in the market. Although there are instruments, data, and research that may be able to predict the trend, it is still relatively different from knowing the future price. On your experience, unfortunately, the price of bitcoin skyrocketed after you sold 2 of your btcs. I am very sorry to hear but no one really knows how the machinery works accurately. Use this experience and learn from the lesson to at least save a portion of your BTCs for investment purposes. I just wish there will be a lot more activities with Bitcoin rather than hodl. Gambling is doing so much to encourage the adoption and usage Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: mohdk52 on September 16, 2019, 11:54:58 AM Unfortunately, that means you can't wait. But this is one of the most important qualities in bitcoin trading
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Bes19 on September 16, 2019, 12:47:37 PM Unfortunately we have the same story. But i sold mine with x4 profit so not bad at all on my side. No one knew that Bitcoin will ever take peak. So take it as a lesson, Weak hands will never win the battle lol
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Ridwan Fauzi on September 16, 2019, 02:30:35 PM Unfortunately we have the same story. But i sold mine with x4 profit so not bad at all on my side. No one knew that Bitcoin will ever take peak. So take it as a lesson, Weak hands will never win the battle lol There is some analyst for you to know that bitcoin price will increase. Just take a look at the history of it, and find some reasons who made its price went up then you will know bitcoin price will increase and you will sell at the peak. Also, don't use your greedy thing to control yourself, if you have got a profit and you have satisfied then sell it quickly, just remember bitcoin price is so volatile. I guess the price of bitcoin will increase again in a few months a head. Moreover the halving event is the most important thing that should be known by all investors. With this way you will get profit at the end and now this is a good time to start again. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Pamadar on September 16, 2019, 02:49:13 PM Unfortunately we have the same story. But i sold mine with x4 profit so not bad at all on my side. No one knew that Bitcoin will ever take peak. So take it as a lesson, Weak hands will never win the battle lol There is some analyst for you to know that bitcoin price will increase. Just take a look at the history of it, and find some reasons who made its price went up then you will know bitcoin price will increase and you will sell at the peak. Also, don't use your greedy thing to control yourself, if you have got a profit and you have satisfied then sell it quickly, just remember bitcoin price is so volatile. I guess the price of bitcoin will increase again in a few months a head. Moreover the halving event is the most important thing that should be known by all investors. With this way you will get profit at the end and now this is a good time to start again. Most of the time, it's happened to many people around learning from past experiences with much higher appreciations of the situations, then take the advantage. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: milandres0207 on September 16, 2019, 03:33:56 PM Well, don't blame yourself for selling your bitcoin at low price. Because by that you need a financial assistance and bitcoin was gave a big helped to you during that time. That's part of your experienced to become successful here in this field of business as well. Besides, there are still more time for you to buy bitcoin at low price then hold in a long term as well.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: dessyhodin97 on September 16, 2019, 03:35:05 PM btc is something that would stay for a long time. so there shouldnt really be much of a panic if price goes down,it will also come up again.it all depends on patience to hold.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: erickkyut on September 16, 2019, 03:41:09 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. I'm a breadwinner also and I know where you're coming from. 1st quarter of 2018, I have more than $20,000 worth of coins. My grandmother got sick and my auntie lost most of her savings due to a failed business. They are the ones who raised me and my siblings when I was young because my mother had a mental sickness and my father is one of those what I called "SPERM DONOR". As a sign of indebtedness to my auntie and grandmother, I decided to sell my coins eventhough I knew that it can reach a higher value in the future. For some people, they might think that it was a wrong decision but for people like us, it was one of the best decisions we ever made. There is nothng more happier for us breadwinner for the joy and satisfaction that we can provide for our family and loved ones. We can always gain money but feeling that we provide happiness to our family is priceless. I salute you for what you did! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: JohnBitCo on September 29, 2019, 04:12:48 PM I'm a breadwinner also and I know where you're coming from. 1st quarter of 2018, I have more than $20,000 worth of coins. My grandmother got sick and my auntie lost most of her savings due to a failed business. They are the ones who raised me and my siblings when I was young because my mother had a mental sickness and my father is one of those what I called "SPERM DONOR". As a sign of indebtedness to my auntie and grandmother, I decided to sell my coins eventhough I knew that it can reach a higher value in the future. For some people, they might think that it was a wrong decision but for people like us, it was one of the best decisions we ever made. There is nothng more happier for us breadwinner for the joy and satisfaction that we can provide for our family and loved ones. We can always gain money but feeling that we provide happiness to our family is priceless. I salute you for what you did! Thank you brother. I salute you too for what you did, and for the candid perspective. You are a huge asset to your family and will forever be valuable to them. You did the right thing too, especially by remembering what they did for you in the past and helping them in return. That is one reason why I believe it is difficult to hold bitcoins for a longer period of time especially for the middle and lower class people. They have to cash out in emergency situations. I definitely recommend people not to keep their Bitcoin in case of a situation like you were in. If you wouldn't sell your Bitcoin, your family would be in a very bad condition and you would have a very hard time to fix that problem. Very few people give priority to the people over money and I am happy such people do exists in the world. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Zionatin on September 29, 2019, 11:30:33 PM I hate when you know something bad will happen and cannot prevent it. You know the price would drop and when it did you did not want to sell since you knew it would go up. I wish it was the other way around and you had plenty of fiat. When you believe that much the price will go up then you invest all that fiat you would have gained so much profit. I find it hard not to beat myself up for that but you never know what life will bring. The fact that there are such few opportunities when you can be so sure of something happening but being powerless to do so is so annoying.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Cheesus on September 30, 2019, 03:02:24 AM You are right mate. We shouldn't invest all of our savings in Bitcoin, and we shouldn't hold all the time. Wise people always suggest 'Invest what you can afford to lose" I faced the same situation at the beginning of this year. Holding cryptocurrency is a very good decision because BTC has great potential to be a 20-50K USD valued coin. But if you need money badly, you may sell! Selling crypto for family/personal needs is not a bad idea, rather it is the right path!
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Mpamaegbu on September 30, 2019, 03:26:18 AM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I will say you did well by selling off for the sake of family need. However, let me quickly point out that except for illness I haven't seen anyone who is healthy die of hunger. People will always find a way to survive and get food (even not enough to eat). Anyway, no regrets for your action and like you rightly said - Money is as good as the problem it solves.I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: shimbark123 on September 30, 2019, 03:47:54 AM It's good. If you think that's a lost, don't ever think about it if you gain profits. Let's say you tp in at $2500 and then sold 2 btc at $3000. It's good since there is still profits on your part. Don't put this situation as a lost for you since there's nothing lost, only opportunity has been lost. Just be more positive and you'll get through it.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ivakar on September 30, 2019, 05:55:34 AM i feel you buddy, cause I remember the times bitcoin was about 20K and I did not sell all I got.. and when the price were drowning I decided I would not sell a satochi, until I desperately need to do so..
and when it hit 13 or 14k again, I sold part of it.. and I feel almost happy to see that the price begin to fall from that sale... the reason is simple - wait if you can, and sell when you're ok with market price and NO, repeat NO hesitation after the sale Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Juggy777 on September 30, 2019, 02:27:05 PM I'm a breadwinner also and I know where you're coming from. 1st quarter of 2018, I have more than $20,000 worth of coins. My grandmother got sick and my auntie lost most of her savings due to a failed business. They are the ones who raised me and my siblings when I was young because my mother had a mental sickness and my father is one of those what I called "SPERM DONOR". As a sign of indebtedness to my auntie and grandmother, I decided to sell my coins eventhough I knew that it can reach a higher value in the future. For some people, they might think that it was a wrong decision but for people like us, it was one of the best decisions we ever made. There is nothng more happier for us breadwinner for the joy and satisfaction that we can provide for our family and loved ones. We can always gain money but feeling that we provide happiness to our family is priceless. I salute you for what you did! Thank you brother. I salute you too for what you did, and for the candid perspective. You are a huge asset to your family and will forever be valuable to them. You did the right thing too, especially by remembering what they did for you in the past and helping them in return. That is one reason why I believe it is difficult to hold bitcoins for a longer period of time especially for the middle and lower class people. They have to cash out in emergency situations. I definitely recommend people not to keep their Bitcoin in case of a situation like you were in. If you wouldn't sell your Bitcoin, your family would be in a very bad condition and you would have a very hard time to fix that problem. Very few people give priority to the people over money and I am happy such people do exists in the world. This story shows that humanity yet exists the holder could have ignored his grandmothers problems, but he decided to cashout bitcoins and help her and these are the kind of stories media should highlight. I don’t agree with your statement that lower and middle class should not hodl bitcoins, instead I would suggest them to only hodl thier surplus funds in bitcoins so they don’t need to cashout bitcoins for every emergency. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: doomistake on September 30, 2019, 05:14:43 PM It also happened to me but in a different way. I am not sustaining my family though I pay my own bills, buy my own food, buy my own clothes and other personal wants and needs. Way back December 2017, I have 1 BTC in my Electrum wallet and altcoins on myetherwallet, if you guys remember, this is the month where bitcoin's and altcoin's price was at their peak, but I hesitated to sell some thinking that it might go up more higher
Guess what? I am disappointed, the market is slowly going down since January 2018 but I'm still hoping for the best, and I regret not selling some bitcoin and altcoins that time. I could have turned it in fiat and re-invest in when bitcoin hit its lowest price in 2018. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: barota on September 30, 2019, 11:19:02 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. you are not the only one that sold , i sold too last year Don't blame yourself because it is difficult when you live crisis financial or when you dont have a monthly job But investment must be separated from money of living . Then regulate profits (spending and investment) I had sold mine at 5000$. It is really hard to hold when you see 3k$ and it goes up to 5k$. This is why the price went to 14k$ after we sold. We are the weak hands here I guess. I regret that I sold at 5k$ this year but fortunately, I hold some of my bitcoin. This is a lesson for me. We will get inelastic for these price changes I hope. You are right .. When you see the market does not stop dumping it is very difficult to hold bitcoin for this reason i dont participe the opinion for those who love big pumps prices should grow step by step and regularly Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: negancoin on September 30, 2019, 11:39:02 PM Your got 2 BTC as payment for the work you did which consider a salary. The option was to keep it as investment which means entering a position trade or use that salary to feed your family. You missed an investment opportunity but I think you made you a right decision, no one should invest his salary that he needs his daily life, the price went up but there was a possibility that price could went down which then would be a different story.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: NutMasterTardd on September 30, 2019, 11:44:56 PM I know it isn't ideal and pretty much is the worst feeling missing out on good trades, but my friends and I are in a similar boat although these trades are with alts and not Bitcoin! (I find it too hard to day trade Bitcoin I just use it as a means to trade back to fiat or HODL)
I sold 4200 Dash for 1.6 BTC back in 2014 and my friend sold 90% of his WAVES during 2016 at 15.8k (6 months later the price was 10x higher) He could have retired at age 33. There are always more trading opportunities, so never give up and keep doing what you are doing because at least you are in profit with that trade at $3000 some people are 99% down. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: LUCKMCFLY on October 01, 2019, 12:42:57 AM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. I think that what you did was the right thing, and what many would do without hesitation, I would not be able to see my family that have to suffer needs, just like you, I also had to make expenses of that style and yes, It happens that then it goes up in price, but I do not regret it, with work and effort it can be recovered, in fact many similar problems have arisen many times and it is really difficult to take the step because the conscience warns you that the price will rise, but the best is to be healthy and try to have a good life, I think that as time goes by the opportunities will present themselves. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: NutMasterTardd on October 01, 2019, 10:30:10 AM I know it isn't ideal and pretty much is the worst feeling missing out on good trades, but my friends and I are in a similar boat although these trades are with alts and not Bitcoin! (I find it too hard to day trade Bitcoin I just use it as a means to trade back to fiat or HODL) Profit is profit. Profit is still better than losing your money or bitcoin so I think that the only lesson based on your story is to be patient. I know that a little to big profit is always tempting us to sell our shares or coins because we are afraid for the price to go down and lose all of our profit but just ask yourself before you sell anything if the coin already reach its potential.I sold 4200 Dash for 1.6 BTC back in 2014 and my friend sold 90% of his WAVES during 2016 at 15.8k (6 months later the price was 10x higher) He could have retired at age 33. There are always more trading opportunities, so never give up and keep doing what you are doing because at least you are in profit with that trade at $3000 some people are 99% down. Exactly! Sometimes you just have to count your chickens, people have lost their entire savings or taken out a second mortgage and lost most of it, that's true desperate times when you lose funds that you can't afford to lose and even then shouldn't be gambling with said funds in the first place. Patience and a bit of luck, that's all you need to make a good sum of money. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: gunhell16 on October 03, 2019, 03:30:02 PM Quote I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I've been in the same situation but i don't know if we have the same reason. I sold some coins even BTC before even I know that there will be a good bump in less than a month. Why did I? i don't have enough money to support the family. how about you? did you just sell it even you have more than enough financially? then that's wrong. I even sold BTC before just for @ 6,000 and went up high more than 20,000 USD each. But that is one of the best teachers we could ever have in life! EXPERIENCE! just don't repeat what you did wrong! Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Ozero on October 03, 2019, 03:44:41 PM We all in cryptocurrency will inevitably lose lost profits. However, in this case, sell two bitcoins to feed a family for $ 6,000 ?. Perhaps this is figuratively said. Then, of course, this is permissible. However, if all the money went directly to the purchase of food, this was not quite a good idea. There is always the opportunity to save on food. However, life is life, and we often have to act differently than we want.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Sithara007 on October 03, 2019, 04:41:20 PM It's human nature. I have also a few such trades to my name. Back in 2015, I sold some of my BTC when the exchange rate was somewhere around $200 per coin. Two years later, the prices went up by 10,000% and reached an ATH of $20,000 per coin. Fortunately for me, I still had some coins remaining in my wallet and I was able to cash them out.
But then, many times I was lucky while dealing with the altcoins. I sold some of my alts (BSD, CTX, NMC, EBTC, GBYTE, XLM.etc) when their prices were at the peak. Had I held on to them, then I would have incurred heavy losses. But these trades never remain in my memory. Only the sale of BTC back in 2015 lingers in my mind. No matter how hard I try to forget it and move on, I am unable to do so. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: hahahafr on October 03, 2019, 04:46:33 PM I have been in such a situation before. i remember when i sold about $2k worth of BTC during the range of $3k -$4k. i was so mad when i saw this rise up to about $6k in less than a month! But i guess it all boils down to using the money for its rightful purpose and this was to pay my nephews fees for school.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: pishite on October 03, 2019, 04:55:31 PM I got the 2BTC from a business deal around January this year. I knew that Bitcoin was going to bump anytime soon but still went ahead to sell at $3,000+ each. Why did I sell at such a ridiculously low rate when I could have gotten x3 of the value if I waited for few more months? I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? Well, no doubt I would have gotten $20,000+ if I retained the coin till now, but what if my family died of hunger? Money is as good as the problem it's able to solve. That's the lesson I want everyone to learn this. Very too often, I see people advising not to sell your Bitcoin, that you will gain more if you hold on and sell at later times. While that may be true, you still need to understand that Bitcoin is supposed to be money, not investment asset. It is meant to be spent on daily basis, to solve problems, and to be in constant circulation. The idea of hoarding Bitcoin and other Cryptocurrencies, waiting to sell at later times for higher returns is the reason Crypto is slow to adoption in mainstream transactions. Anyone who gets it try to hold on to it, as long as possible, thereby depriving the market the needed circulation to keep the currency viable and acceptable. I once heard of a man who had Bitcoin and was sick. People advised him to sell and get the needed cure but he decided to endure the sickness and wait until the price goes up. He died of the illness and the Bitcoin was rendered useless, with no one having access to it. Have you ever sold your BTC at low rate and it later bumped and you were regretting...? Just understand that there is hardly a better time to sell your Bitcoin. Anytime you sell (at any amount) is a better time, provided you use the money wisely. Don't blame yourself because you did the right thing. Since, if you were to keep your capital in bitcoins, you would probably make a profit, but it’s hard to imagine what could happen to your family if you didn’t do such a noble thing. It is better to keep your cryptocurrency investments in a cold wallet and not control your funds for a long time, as there is always the temptation to spend them on something. But, if a similar situation happened to me, I would also spend my cryptocurrency, since there is nothing more important than my family. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ReiMomo on October 03, 2019, 07:07:54 PM It's real problem i was face more time in fact cryptocurrency understand is more difficult, basically BTC price Its value is not as easy to estimate as it is very difficult to figure out where tomorrow price can go. I have sold BTC 6000$ after few days i see BTC price going up 10000$. Same as this year In fact 2019 may be the bitcoin is a good investment and hope it was broke all previous record. But now the situation is not good because it an already dump under 9000. I expect bitcoin's price will go up in 2019 but it's not possible yetTitle: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: hypersonic1 on October 05, 2019, 06:17:12 PM We never know what life will hold. I've been lucky in that my job and life patterns were in a good state to accrue bitcoin for the most part. Sometimes I look at my balance and really want to just throw money at my problems. Temporarily giving myself respite wouldn't solve things like bad budgeting and bad spending. So I stay disciplined. I think the best hedge is to have enough BTC to earn interest with on one of the many good platforms out there now. That wayu you can use it without losing it, at least for the mid term.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: Alexandr Kirichenko on October 05, 2019, 06:31:01 PM This is an excellent and timely decision. I completely agree with you. Everyone has their own situation, and the person himself must decide when to sell and when to hold up to a higher price. I do not agree with the fact that it is not necessary to use Bitcoin as a means of accumulation, I do not see anything bad in this. If there are means that can be used for this purpose without harming the family, it can be done. It would be a good solution I think.
Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: aysg76 on October 05, 2019, 06:47:26 PM I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? ...... ....... Have you ever sold your BTC at low rate and it later bumped and you were regretting...? What you did was right beyond any doubts. See the regret game in crypto market never ends. What if you kept the btc till now and sold it today @ $8K each and Bitcoin rises to $15K each next month? So make it rule to never check the market once you sold your investment. I have sold many of my bounty coins at lower prices and then regretted selling them for too low but regretting never helps. So it better to never look prices after exiting the market. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: ReiMomo on October 06, 2019, 01:13:10 PM I was away in Dubai for work while my family were staying back home in my country. They were 100% dependent on me for food and sustenance. Allowing the BTC to sit in my wallet while my family suffers was not an option. So, I decided to sell and solve my immediate problems, to feed and cater for them. Did I make the wrong or right decision? ...... ....... Have you ever sold your BTC at low rate and it later bumped and you were regretting...? What you did was right beyond any doubts. See the regret game in crypto market never ends. What if you kept the btc till now and sold it today @ $8K each and Bitcoin rises to $15K each next month? So make it rule to never check the market once you sold your investment. I have sold many of my bounty coins at lower prices and then regretted selling them for too low but regretting never helps. So it better to never look prices after exiting the market. Title: Re: I Sold 2BTC at $3,000 and BTC Bumped to $10,000 Post by: boltz on October 06, 2019, 02:11:00 PM Let me tell you that you're living an expensive life if you need 6k$ per month in order to survive. Most of the people spend that amount of money in 1 year so next time try to have some financial management in your life so you don't have to sell again for comfort. Most of the people prefer to have comfort in that moment instead of long comfort that come with patience and discipline. I have a family too but we learned to have financial management in order to prosper in the long run. Anyway its sad that it caught in a bad moment when you had to sell your bitcoins.
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