Bitcoin Forum

I had love bitcoin ever since when it was being introduced to me by a colleague. I easily understand all the basic in cryptocurrency and that made me get excited even at first planning to invest with bitcoin. Yes, I did gets too much excited and invested in it on some of my earnings specifically from the real estate commission I made during the time when I was a part time real estate agent.

To cut the story short, I was seeing bitcoin as a way to learn more about financial freedom and financial literacy. Bitcoin for me was the perfect medium to achieve my goals on financial freedom. I have been dreaming like anyone else here that are not working but are earning through bitcoin investment.

However, all failed and I did not achieve or reach my goals. I end up into miserable decision making and are afraid because I stake my earnings that when the time bitcoin was crashing I end up selling it minding that bitcoin will going to end. It was like buying high selling low and that made me miserable right now. Why? It is clear that if I only hold bitcoin I can earn 7x of my money being invested. I can even build my dream house in the profit that I could get.

Now, it is a hard lesson to learn. I regret and hopefully there will be another day that bitcoin will be like this in the future.

For those who manage to earn huge. Congratulations guys! You did a great job.

BTW, could you make an advise to me on what to do right  now? I'm a little bit depressed.

Sana all merong bitcoin ngayon!

There’s a saying that there’s no point in crying over spilled milk because you can’t go back in time and do something different. Life is made up of good and bad decisions, and I’m sure everyone has made a bad decision sometimes, but what’s more important in everything is to learn something from such mistakes.

I guess the time you sold was that 50% drop in March last year, but there was quite enough time after that to get back in the game - unless you spent all the money? I don't want to give you financial advice, especially if it's wise to invest in BTC at the moment - but if you believe that one day it could reach a price that would be x times higher than today, then decide to start anew and try to think positively.

It may not be something that will completely make you happy, but at least you sold your BTC (regardless of the price), unlike those (and there are a lot of them) who became victims of hacking, various scams or in some way lost access to their wallet/backup.

The events that you experience illustrate that panic can make us unable to control our minds in a healthy manner. what you do is common in cryptocurrency trading. However, make it look like when you drive and look in the rearview mirror. can see the rearview mirror but occasionally, because you have to focus on the front. The point is to regret what happened because you lost some of your profits selling bitcoins, and this will educate you not to do it again in the future. bitcoin is not weak in the market, in contrast to altcoins that only rely on FOMO and HYPE at that time, bitcoin can be used as an asset for the long term. at least you have that point of view. Then the simpler suggestion is when you enter the market and it's bearish. It's better to close your computer screen, and walk away.
than to stare at the downward price movement which will only make the panic feel even bigger.

I don't really know what's your financial status right now and if I do I can't still really advise but all I can say is push forward and try again when you are ready. but you should make it a habit to always invests what you can afford to lose(just like in gambling) so you won't be panic selling when the price started going down.

anyway for those who might be curious what the last sentence is. "Sana all" is a popularized phrase in the Philippines means "I hope all" and to complete the OP's sentence "I hope all have a bitcoin right now."

here's a link of urban dictionary definition of the word "sana all" https://www.urbandictionary.com/define.php?term=Sana%20all

We all do make mistakes, gladly take it as a lesson learnt.
There are common pieces of advice that are usually given to newbies and traders who have plans to buy or invest in Bitcoin, I just want to list a few of them that could have saved you from the mistake you made.

1. Avoid FOMO (Fear Of Missing Out). If Bitcoin's price spikes, and you haven't bought it yet, just let it go, there will always come another opportunity to buy it when the price corrects. In your case, you probably bought Bitcoin when the price was already high and was about to start correcting.

2. Always buy the Dip if you want to enter the market - Whenever the Bitcoin price drops massively, that's the best time to buy. I know at that time, it's so hard to enter the Bitcoin market because most people will be panic selling and exiting, but history has it that it is the best time to enter the market. The perfect example is what happened in March last year. Bitcoin almost touched $4,000 at one point. Anyone who bought at that price range and held on to their Bitcoins up to today has multiplied the value of what they invested in by almost 1000%

3. Always use amounts of funds you can afford to lose. This can help you not to panic sell at low prices when the market dips below the level at which you bought your Bitcoins

4. You have got to have patience at times. When buying or investing in Bitcoin. Don't look at a few months in order to make profits. Sometimes it can even take years. For example, we have had to wait for over 3 years in order to see another serious bull run since 2017

You should not be depressed and desperate to invest in Bitcoin, the risk is always there, as you say, not everyone is lucky.

There is not much you can do right now, because the price of Bitcoin in the market is getting crazy, you need to be calm and think what is best for you.
Suggestion:
• for now you can trade / hour and day, the most important thing is that you monitor the movement of Bitcoin at any time and your confidence in doing so.
• I think the current Bitcoin price has not reached its true peak, there is still further movement.
• Currently, Bitcoin price has fallen 2.58% to the level of $ 39,590 means that you still have the opportunity to buy and continue to monitor the movement at the lowest level.

For that you must have expertise in monitoring charts and the development of market volume in determining and making buying and selling decisions which are basically trust.

If you're still interested in investing in Bitcoin, I guess you should make a DCA plan and buy it regularly. Set a proper exit target (either on a time frame or if you've made some profits) so you can manage your funds easily. Learn your mistakes and never sell at the bottom again (if you truly believe that Bitcoin is valuable). But don't forget to take your profits. Ideally, your initial capital must come back so you don't lose anything. I made this mistake on the 2017 top, believing like an idiot that my alts will continue to rise like crazy when I already made more than $1k without doing anything at all.

Holding is really one good thing to do. I have the same story with the OP but I made it more worst where I end up converting my btc holdings to altcoins and where market becoming worst too. Worst scenario aftee worst and end up all of my funds was wasted. But, I am not afraid to invest again and actually my set profit for btc was so low and probably next time will take it more higher even if it take some time to do it if bitcoin will not skyrocketed to 100K$ this year.

All you can do is learn from your experience and move on,  being sad about it or getting miserable won't change the situation, and you can also start accepting that you already lost a golden opportunity, there is no way btc will be coming back down to the level it use to be, but if there will be such a time again, now you already know what to do, many people pass same experience when the market was down as a result of lack of understanding and patience.

That's a common mistake here, I say mostly everyone feels the same as you especially those who want a living with bitcoin. Even I had the same experience but that doesn't stop me. I'll try investing more btc in long term and make trading in a few btc I have. I just bought btc when it reached 38k~ish today and will sell when the price reaches 41k or so, just like that.
You can try again and again, there's no wrong about it and serve your mistakes before as your lesson today or when the time you're ready.

Probably the only advise is just continue to earn bitcoin, or what we now called #stacking sats.

No need to be depressed, you have made your decision and you should man up. You are still in a signature campaign so still in a weekly basis you can still earn and build your portfolio this year.

This is just the start of the year, so there's a lot of weeks and months of grinding, but for sure it's going to be worth in the future. Best of luck!!!

You have not lost everything. I know you have move forward a lot to look back but there's always a place to start it from the scratch.
If you are still interested in trading, try to learn the market and other investors. Don't jump all in but keep playing with your money till you get a good strategy that works for you. Even in that case don't jump all in and diversify your holding on both trading and passive interest. There are many legit and trusted platform like binance that provides you the flexibility of both saving and trading at will. Keep experimenting what suits you.

don't look at this as a regret story, just see it as a valuable lesson that you've learned and gained a lot of experience doing it. what you had experienced wasn't the first and won't be the last either, we will see it repeated at least a couple of times in very similar manner too.

just know that only because price drops it doesn't mean it is the end of bitcoin! bitcoin is just getting started and is inching closer to mass adoption while being far away from it.

It's not good if you rely upon Bitcoin earning and you go full time in cryptocurrencies like trading or investing, we can't be assured to have a stable profit through crypto, but then, the risk was still there.  I sincerely have advice, find a decent job to have a stable salary every month and then invest Bitcoin every month the amount that you can afford.

You're not alone mate, even me, I wasn't able to save my Bitcoin earning due to financial need when there is a pandemic but I didn't regret it because it was saved me during that time and I still blessed that I have accumulated Bitcoin during when I started entering to crypto.  We need to move on and find other ways, though Bitcoin was pumped too much and hit the highest ATH, we are still thankful for that.

Just sit back and relax, do exhale, and inhale.  Diversification into other things might good and come back when you are ready.
There's nothing to regret if you use it for a good purpose.

It's not the end of the world.

What I'm curious of are the specific lessons that you've learned from this depressing experience of yours. What are those lessons that you've learned from it?

There are a lot of us here who are regretful but when the opportunity knocks again at their door, they still wouldn't respond to it.

Bitcoin reached more than $42,000. Right at this moment, the price is just around $39,500. Would you be willing enough to set aside a portion of your savings to buy back Bitcoin? If Bitcoin would even go much lower tomorrow at $35,000, would you be buying?

I am really sorry to hear about your current financial situation but you shouldn't spend too much time regretting your past mistake as this is not going to help and may even make your situation worse by making more wrong decisions.
"You can't change the past but you can learn from it".
I wouldn't recommend investing in bitcoin right now as it's at its ATH but you can try day trading and make good profit from the high market fluctuation. But you should pull yourself together before making any decision.

I don't have any grasp on your personality or anything but here it goes.

KEEP MOVING FORWARD. Failures will always be in place of any traders you will meet. I am not disregarding anything about what you feel, as what you've experienced is oohh la la, but I want to say that what happens happens. As what one of my favorite quote says, "You're never a loser until you quit trying".

If you have someone who you can see and call, DO IT!. Personal advice from peoples you trust and know is the best at times like this. The feeling of trust and bond between the persons whom you will call or see is the best feeling.

I feel sorry for you but I'm afraid we're gonna be reading way more similar stories in the future. For those who knew bitcoin since the old days, we were expecting some big price rise but the thing is many of us got fooled by the altcoins/Icos/new best coin madness.
It's never too late to get better, don't get so bad at you.

You really need to control your emotion if deciding to invest in bitcoin. Bitcoin is a very volatile asset and it continues. Everyone probably already knows that changes in bitcoin price can cause losses for investor and trader if they panic. As we all know, the risk will always be there and will never go away. Nonetheless, I think bitcoin has always had the potential to benefit traders and investors alike despite its high price. Trust that your failures this time will be a good experience to start things off on the right.

Let's just remember that there is always a good time and good day that might happen to us, although this time might bad to you that you don't have any holdings of bitcoin right now but maybe next time you will be the one who will have so many holdings of bitcoin. Don't feel so bad for yourself right now because the day for you might come on right time.

You are not alone.  :'(
I have one friend with the same story.
Panic was all the emotion he showed when Bitcoin was going down. Now, he regrets it.
I think I have said it over and over. There is never too late into buying Bitcoin or accumulating it.
There are a lot of ways. You could trade (risky) or you could use your skills paid thru Bitcoin.
I think most of the members here have the same regret but not as far as yours. Maybe sold at 20-25k mark.

Very common to those who buy at a high price in 2017 rally. We've read users who are also selling their coins amid the pandemic. Very unfortunate as they were force to sell their investment while the price is not profitable.

You can start all over again by trying to earn some coins and try to get a job that can support you. By having a job you won't have to spend your bitcoin for your everyday needs. There are thousands of jobs available on job sites today, some are even crypto related.

I must say this was a hard lesson for you. That's the common problem for newbies, we become panic if dump bitcoin price for a certain time. My story something similar to you, I hadn't sold Bitcoin for real cash, but I was bought some shit coins. I do not regret it, I still believe some days that would be recovered as well same like Bitcoin. Currently, it's hard to suggest what you should do. We don't know the reality either bitcoin will pump or it will dump. Right now my suggestion is to wait for a dump, if happen it then you are lucky and you may accumulate some.

I too sold my BTC's when it crashed. Keeping only few of those intact could have fetch me a good sum as of present.

What I did, and is still doing now is to let go this situation. Perhaps, it would be better if you diversify your income source and not to rely on BTC only.

Learn the lesson and you don't have to think of it all of the time. What's done is done and if you've sold due to the panic during the early days before the bull run, make a decision that you'll hold for a longer time and you have a definite price to sell whether the market shakes or not, you'll wait until that day comes. You're still free to keep on saving bitcoin until you see that price that you have set. As long as you're still able to make some and buy some, hold it with confidence.

I know that the emotions you're going through are hard to grasp, but think this way: you could have not even heard or got into Bitcoin after all if it was not for your colleague.
Be happy that it happened and you have learnt a valuable lesson probably early in your life. Making 7X your money is not impossible. You can find opportunities everywhere you look, just need to look closely.

My opinion is that Bitcoin is still in a cocoon. We're witnessing only the tip of the iceberg. Just my 2 cents.

Cheer up, fellow and go after your dreams! Don't waste anymore time on feeling sorry. You're between the small majority that actually got into BTC early and spot the treasure. ;)

This is a common story. And new people in the community are doing this mistake all the time. Panic sell.

When it's time for selling they are actually buying. FOMO.

There were people who have seen bitcoin at round $3k not long ago. In the first quarter of 2020 we had this price. People were selling thinking same as you. That was the time to buy actually. FUD.

However, bitcoin is here to stay and the market has it's own rules. Market will give you opportunity. It's up to you when you want to enter or when you want to exit or maybe the best one how long you want to hold it. I know more people who have changed their financial life just buy holding bitcoin, not selling it.

Unpopular opinion: Take a gamble on altcoins but don't go all in. You can set a small amount from your earnings in signature campaigns or from other sources. Visit Coingecko (https://www.coingecko.com/en) and you'll notice the number of large cap altcoins that are outperforming bitcoin at the moment. I'm not going to recommend any altcoin though. You can get a feel on what's "hot" or "brewing" on crypto twitter.

According to statistics most investors don't make money on the market.

You shouldn't worry OP because unfortunately you did what the majority does which is lose money or leave with more or less the same amount that they entered with. Some earn 5%, some lose 5% but only a few make big money and to do achieve it you have to do what others will not. When the majority sells you have to buy, when most people buy you have to sell.

Don't worry, there's still time to buy some bitcoin. We are still early in the game, don't give up.

Nothing to worry on missing the opportunity, because I was aware of bitcoin during the early days. I thought of buying a bitcoin every month when I receive my salary. To my bad luck I lost my job. Then onwards the focus turned towards finding a job than spending on bitcoin. This continued and finally got a job. When I got into the job, the ultimate plan has changed to different dimensions. Bitcoin got very least place, and for that now I feel bad missing the chance.

Hello
Most of us did that mistake , I had to encash because I had to pay my fee and other expenses so I do think there is no one that we blame here ? Just our situation. If you did have enough on your plate you wouldn't panic sell is what I believe.
That is what we call **panic selling**
I am really sorry since all the money you did invest created problems for you. I do believe you should for the time being" earn all that money back" , do not invest anywhere. WAIT!!
Take up jobs , earn it all back and then when you are ready to look at the price of bitcoins on google like every second then go and invest enough to make a good profit but not enough to loose everything if you need to hold on for long time.
Now if you will earn all that money back you could save yourself from the resentment. At the same time you will have a safety deposit.
But this time make a rule! Don't sell low!! Even if you think that the market is going to die. You might get *10 in just 1-2 years which is just like a FD but way better.
I wish you best of luck for the future and do not worry we all did this mistake and learned from it but you would get nothing out of regret.
Have a nice day.

Dude bitcoin is going to see 1 million. Covid has forced many countries to print out money and thus leading to inflation. Bitcoin suffers no such ill fate. A few years ago I think it was very obvious and almost a guarantee to gain great profits. People can't patient. Shut up buy some bitcoin today and lock it away for 5 years. I believe bitcoin will go past 1 million more than I believe my own counties currency will ever be worth anything. In fact, I have more faith in bitcoin than anything else in life. Why shouldn't it hit 1 million? It is still new but I think many people reading this will not listen and in 5 years regrets it.

So if you are not rich in 5 years it's because you didn't listen so come be rich with me!!

Regret for bitcoins, because you sold them early is not necessary. it's just a psychological problem. Everyone has varying levels of psychology. I also have a psychology that is sometimes unstable. You just need calm, patience and don't be too greedy.

If you have already bought at a high price and sold at a low price, you have to learn from that mistake. nothing is too late. Even today you can still make money trading Bitcoin. You must learn how to use analytical techniques and organize your psychology. and lastly, do not use household necessities or money that you need again quickly. Use free money or money that you don't really need in the future. it as your capital. Don't be too depressed, learn from past mistakes.

Things that happened can not be reversed you took the decision according to the situation of that time. I must say you should not regret it. If your fear became true you will be at more loss So be happy. At present, you must wait for more market correction. If you want to buy again Btc you must wait when Btc again drops 50% from its ATh. Keep patience you will get a chance again to buy but can not say when the time will come again.

I believe that not everyone earn a huge amount of profit on this bitcoin bull run, many people are still didnt buy and hold bitcoin,because they maybe have fear on thier mind, in my mind there are a lot of questions like what if bitcoin will fall?, what if bitcoin will down 10x after i buy?, we cannot really help our self not to think some negativity in investing on bitcoin because it is always high on volatility and we dont really know what is the exact time of rising or falling the price of bitcoin.

Now that´s an example of contradictions....
The best advice I can give you is to get out and as far a possible from cryptoes. You don´t even get, where did your money go...

Trying to do whatever you think is right, and do not regret what happened to you because that will not be important. Your future is the important thing right now IF you really want to have a better life in the future. You really need to work hard and smart from now on and not think about anything in the past. I am sure you can do that because you already prove that you can survive until now. Maybe you need to break for a while to refresh your mind and find other income sources.

Why be a remoseful bloke who think that the world is about to end? Nobody knows the future and not even you would expect that the crypto would go sky high. You did what you did and that is it. No turning back I should say. You just have to be more resourceful now that Bitcoin is at the upper hand and you need different strategies so that you can earn more if you have no money left to invest with bitcoin and you can only invest in small alt coins.

Just wait it out, give it a few months nothing about Bitcoin fundamentally has changed just a fiat adjustment.
If you follow the history of bitcoin a correction drives the price dramatically downward.
Bitcoin is resilient and will stabilize at a new higher point than the last rally caused if you can hold your trigger
Guess all I have to say is be ready when you think it's a deal to begin your real entry.

We all have the same story of regrets because of the decisions we have made from the past but all of those have valid reasons why we have done such things and those were already done and it makes no sense to be crying all over again into that thought from the past. Yes, it is indeed regretful to sell your Bitcoins at the time of the crash because the initiative of many people by that time is save their funds as much as possible not to get drowned by the crash of Bitcoin. Also, it takes 3 years since that day before Bitcoin have attained its new ATH and still keep up on rising and we haven't expected that this will happen. All we can do is regret about the past but we must still keep going on seeking opportunities on how we can obtain Bitcoin that we can hold and the lessons from the past will serve as guidance on how we will deal on making up decisions into a more improve self that will keep up on believing and investing with Bitcoin.

I think you did it wrong mate that is why you cut loss. In terms of investment you need to select on what type of investment you want either short term or long term. I know you knew it already because you told us about the basic of crypto and you also have this financial literacy. You must also ask yourself on how much you are willing to lose. You should also control your emotion. Most of the time greed won't work but sometimes it does.

Bitcoin is very unpredictable because price increases and falls are unpredictable. hence Bitcoin can fall in price at any time because it is not stable and sustainable, so we need to be smart and not too greedy, Bitcoin gives us a lot of profit but can also take profits. profit and go bankrupt if you don't stop at the right time.

My advice is to try again. If you have the opportunity, then buy bitcoin and try to hold it again. If you believe the forecasts, then by the end of the year you should earn a very decent amount.
And I also advise you to stop regretting what has already happened. You'll never get that time back, but whatever happens, happens for the best!
Wish you good luck! :)

Just let your experience teach you a good lesson.  I bet, for now, you know what to do on the next cycle of Bitcoin.  Just move on and retry.  Life indeed is full of mistakes but what makes up for it is the lesson that we learned to be able for us to stand stronger and move further ahead.  Accept your losses and aim to start a new journey towards your dreams and financial freedom.

Everyone must have made the wrong decisions regarding investing in Bitcoin, you shouldn't be too sad for too long. Since you cannot change what
has happened in the past, let your mistakes become lessons for decisions you will make in the future. My advice is to move on and get back up
by continuing to invest in Bitcoin again, but now you have to use the right strategy. Because many successful investors also lose a lot of money
at first, and can learn from the mistakes they made. I am sure you can also be successful as long as you don't give up easily, believing in your own
abilities is what you are must doing now.