Bitcoin Forum

I messed up, big time. I don't think I've messed up that much in a long time.
I sold my almost last bit of Bitcoin I had, (about 0.03 BTC), during yesterday's new all-time high at approximately 37.000 Euros. It's definitely a small amount, close to nothing, especially when comparing to what you guys probably have, but I totally screwed up.

I did it thinking that the price would crash later on, then proceed to spend that money to buy more Bitcoin, but I don't see that happening. I should have kept my balance intact, 0.03 BTC would still be 0.03 BTC, now, in order to buy back I'd have to spend way more money than I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

I don't know if its any comfort, but all traders experienced what you are feeling now (myself included, even though I am not trader, at least not anymore.)

Important thing now is to try calm yourself down, as just because btc continued to go up it doesn't mean it won't go back to those levels at which you sold ever again. As a matter of fact, I would be really surprised if that doesn't happen.

Lesson for next time: just keep hodling if you cant take the stress. Chances are you will end up with more bitcoin that way as you won't panic and buy back at the higher price, which many beginners do.

Well, don't fell so terrible about yourself, i wouldn't say you are the first to have made the mistake of selling your btc too quickly, i remember a story of how a friend who had 4 BTC as at 2019 sold almost all leaving only a fraction. Seeing the price value of btc right now, that my friend though still pained fully at what a great mistake he had made because he wasn't patient enough, has accepted the error and learned a lesson in patience especially when investing in crypto.

That's what many holders did too just like me. When we think that it's about to fall, we're going to sell. But it's proven that it's best to hold if you're not going to use the money that you'll earn as you sell.

In that case, if you want to take it back then you have to wait a bit until it falls a bit. But the hardest part is we will never know when it will happen. If this bull run continues up to $50k-$60k then that's for you to decide if you'll buy back on those levels or before it reaches those prices but it's lesser than 0.03BTC already.

I know exactly how you feel. I used to make same mistakes several times. Last time it was end of January, when Bitcoin price began to drop from 3$6k to $34k and I've sold part of holding. I've also felt terrible, when the price returned and started to grow next day. Just let got this situation. You cant earn all the money in the world.

If it will make you calm down, I've sold that part of Bitcoin in January and stupidly hold fiat money right now. If I havent done that, its value would be 25% greater...

Next time, if you start to panic or feeling FOMO, sell just a part of what you intend to sell. You will lose only a part in any scenario.

This is why we hodl, you need to read more.



https://bitcointalk.org/index.php?topic=375643.0 (https://bitcointalk.org/index.php?topic=375643.0)

I know you had reasons to sell your bitcoin but if you ended that round of investment or trading with profit, let's take it easy mate. No one can make correct prediction or calculation all the times. If you got 50% profit from your initial capital, it is profit and you already took it so it's time to enjoy it.

If you want to get it back, you don't need to wait the price falls back to $37,000. Of course, it is the perfect chance but if it won't happen, yuo have another way. Wait for price peaks and buy back with dips with the price difference about $500. Do it several times, and you can get your bitcoin amount back.  ;)

Take it easy and feel happy after earning profit.  :)

Shorting Bitcoin is a huge risk, especially when we're in the middle of a bull run, there are not enough technical or fundamental analysis which can correctly predict the next price action, so every sale or purchase is basically a gamble at that amount.

It helps to have an investment plan so as to avoid regrets of hodling for too long or selling too quickly:
• Invest only what you can afford to lose,
• Buy at intervals so as to spread your entry level
• Have an idea of your projected profit margin,
• Sell at intervals, when you've achieved projected profit amounts. This way you can pull out your investment capital while you still hold some bitcoins.
• Do not worry too much about price changes.

Would've. Should've. Could've. Whatever've. Hindsight is 2020. It's not like everyone knew that it would pump 20% in a day because of Elon Musk.

Now, what should you do? Pretty simple. Don't make the same mistake again in the future. End.

I sold a portion of my Bitcoins at 31K in January.Damn how stupid I was. ;D
I sold lots of BTC last year,when the price was around 7K-10K USD.I'm a lousy BTC trader and I didn't trust all those bullish signs and predictions during the entire 2020.I always though that the price will crash or stay stagnant.We have to learn from our mistakes and move on.
There's no point of regretting the past.Just do whatever you can to buy or earn as much BTC as you can and then HODL.

That kind of attitude looks too greedy to me. what if the price dump after you sold, then you'll feel so happy that you did the right thing.

Just be happy you sold it at that price, question is, did you make profit? if the answer is yet then be thankful, no one knows what the price tomorrow or in the future, so if you see some opportunity to sell do it without regret that you might have made bigger than what you have made when you sold.

I would not look at like that because if you just think you can sell at the peak price and then market will never rise that is not going to happen. So always whenever you will sell the market can rise and this would nothing but unnecessary stress to yourself. Nobody knew Elon would tweet btc else everyone would have bought it and made some money as price rises of coin which ever, he mentions. So as per your risk and startegy you did your best and you never wanted to invest for long term I guess so you sold it.

I seriously suggest you to start ignoring these negative thoughts and regrets and not giving them any more attention, I believe you sold in profit and that's what matters, if you continue giving space to these useless thoughts then you better prepare yourself with loss because the next step would be to start revenge trading that more than 90% of the time it doesn't end up well.

None of us here know the future including what happens to crypto market so why waste your time thinking about what you didn't know?, that being said regret is an inseparable part of trading and specially crypto trading since no matter how good of a trader/investors you are, you're going to miss out a lot of different opportunities and profits along the way, but a good investor/trader learns to control those negative emotions and not let it ruin the other trades/investments that they get into in the future.

We all went there, we made mistakes and I think you should just accept what happened. You wish you could turn back time but you can't, better accept it and do something you can do now as long as the price is still increasing. The fact that you sold it means that you already have a profit, right? You still had a profit, that is just fine.

Many have experienced it the hard way. Don't blame yourself. If you sold bitcoin, then you needed to do it. In any case, you need to keep your emotions in check. Just don't call yourself a holder and that's it.
We can all also worry, someone sold bitcoin a year ago, and someone five years ago. You can sit and regret past mistakes incessantly. But another thing is important.
Next time, decide for yourself how long you keep your assets. Do not pay attention to the rise and fall during these periods, because the news background during a bull run is very different, you need strong nerves to hold on to your positions.

There is a good saying "You can't make all the money."

Yeah, happened to me two times now but now, I have to be a little greedy because I know that this rise is just getting started and I don't want to miss out something big although I am still putting a point where I am going to sell what I am hodling. That is what my friend said about me in regards to selling my bitcoin for two times, there is a profit so I don't have to worry about it, it's just that at that time the profit is not that big.

In theory this sounds very easy but since OP is obviously not an experienced trader ( otherwise he wouldn't make this topic) chances are good that he ends up with even less bitcoin than he would have if he just buys back with the loss (which I don't suggest btw).

Afterall, OP sold it at the all time high so even  from that point of view it's not a horrendous mistake.

When trading in btc there are ups and down and we all losse at some point but we do not regret about it later on because the prices will keep on rising with little corrections in the market.And this sudden pump in btc prices came after Tesla $1.5 billion worth of manipulative investment in btc which surged the prices above $46k at current.

You are still lucky that are trading in btc when the prices are reaching ATH and we can get enough profits even after suffering small loss which are part of crypto market.But can you feel the pain of early investors who have sold out their coins at such low prices in 2011-2015 period when prices were low to as $1-$10.

https://i.ibb.co/KhwBj8v/Screenshot-20210126-203339-01.jpg (https://ibb.co/4tdCZ0r)

He might also be regretting his decision at this time even when he was having the same feeling in 2011 also.So it's about our luck or say our future perception how we deal with them.So don't regret at all but just know one thing btc will keep on rising every year and increasing your net worth if you HODL your coins until that time.

I don't think you're the only one currently feeling regret like this. selling early while bitcoin turned out to be leaving us without looking back. I'm just wondering, have you made a profit from 37,000 Euros? because your regrets have two categories, first regret only because bitcoin soared even though you already had a profit (although not big) and secondly, you feel sorry because you have a loss already selling 0.03 Bitcoin? with minus income.

This is how FOMO looks like: buying or selling without thinking much.
If you buy back now, then you've lost about 38 EUR. If you buy back later, who knows? I don't. Maybe you'll make a better business or a worse one, depending if/when/how big a correction could be.

If you think you can foresee the movements, use the opportunities and trade.
If you think you can't, 38 EUR is not a too expensive lesson, buy back and hold for much-much longer, no matter how the market moves, especially in the near future.
But keep in mind that if you do this then can also afford to lose all those funds. The chance for this is thin, but exactly the fact that you are playing with funds you don't afford to lose may make you make bad moves.

I don't know but as a trader you should provably get used to it you could call it as an experience and I think most of us had the similar experience,
Specially those who gets caught out of FOMO letting their emotion gets them.
Don't worry about it if you want to continue to trade I could guarantee you that it wouldn't be the last,
Just joking but you know that jokes are always half meant.

Well, I would not say that you made a mistake. Nobody knows the highest price, and the price that you indicated is quite high, so I would not blame myself ...

You should learn to control yourself in this market especially when it comes to Bitcoin. Let me ask, what if you had slept and woke up, only to find out it has dumped badly, what would you have done, maybe hurt yourself or refuse to eat for days. The truth is, no one can predict this market therefore when you sold in profit which is the most important, then don't regret it but learn to be contented with it. No one knew it will pump like this, therefore since you had it in mind to buy back later, if you are yet to do so, then wait for market correction and do so, stop worrying too much as it will not solve anything but learn from it, maybe another time, sell a portion at a time, such that when it goes up, you won't miss out but sell again.

Thank you for your replies! Made me feel a little better.

I am by no means an experienced trader, I've definitely made mistakes in the past and will probably continue to do so. I usually bought at corrections and then proceed to sell them at a higher price, sustaining a decent profit. However, that's not the case with Bitcoin. The 0.03 BTC was half of my balance which I was holding since 2014-15 if I remember correctly. Used to have approximately 0.055 BTC and sold half of it.

I can't actually remember how I acquired that Bitcoin, it was definitely not bought though. I was holding it for many years and I actually felt I was missing out, like a user mentioned.
And I couldn't agree more, in the worst case scenario, I've lost around 40 Euros, it's definitely not the end of the world. There are others who have sold (Myself included, at some other instances) at a lower price, or have spent them in the early days.

I'm hoping for a slight correction, to buy back the amount I sold and some more to set aside.

wow  :o
you are a true holder who can get this far to the highest point with the toughness to last for years. I wish I were like you when I held it and didn't let go too early in 2017. And it's over. You are brave enough and have a super holder mentality that I just found out that there are still strong defenders with the temptation of bitcoin buoys.

Actually bro you didn't mess up just because you've been sold your 0.03 bitcoin because if you've already had profit then why not? it is okay because you already convert and sell it into fiat. Don't make sad about it and what you are feeling right now is FOMO or fear of missing out, you are scared of what would happen again in the next few days on bitcoin if it will pump up again or not. What I am trying to say is that don't regret what you've done because it is normal that sometimes if we have already made a profit we are obligated to get out.

Umm, you did not messed up. You just sold your BTC at the time you decided is the right time to sell your Bitcoin. You should be well aware that nobody knows the future. You will never know if Bitcoin will come 40,000 dollars tomorrow or in 5 years. Just because it went up so quickly and you are not there to enjoy the profits does not mean you have messed up your investment. If you profited when you sold the BTC that would be it. Someone bought your BTC at a very high price and might be the next one that will hold the coins until the coin goes to 100,000 dollars or near it. Be grateful that fate gave you a chance to sell your Bitcoins and got something out of it.

It takes time to practice but nothing bad to practice if OP are not going to gamble with margin trades. In the time bitcoin rises or falls 20% like this newest wave, waiting to take profit or buy at dip with the percent of falls or rise at 1.5% to 4% is cool. You can do it many rounds and enjoy the lively trading time.

1.5% and 2 times per day that total to 60 times per month. The net effect would be 90% and I don't have to wait for a rise at 90% in one or few days.  :)

I gave rough numbers and don't say complicated (and non-sense) things with TA indicators.  ;)

TBH, sometimes I made mistakes and got temp loss in BTC but I did not feel bad when I have profits to spend for my daily expenses.

Meh.
@OP, you did not 'mess up'. You took your gains at what looked to be a good position - and it was. The fact that price continued to rise is beside the point.

In my case, I sold a few BTC late last Dec @ $28,500k to pay off the mortgage on my house (which I did and THAT was very satisfying). The jump from under $11k in Nov up to my sell target made it look like a good decision.  Now am I pleased that shortly after my sale BTC continued to skyrocket and hit above 35k meaning I could have spent less coin - well no, however, I nonetheless accomplished my goal so I'm good with the decision. This rise to almost $50k is certainly a kick in the butt however, BTC could have just as easily tanked back down to what were more reasonable historic levels instead.

Luck & timing is what it is...

If you're living in Europe, then you can easily get that same amount with a few months of salary, and that's assuming you're in a low min wage country. Don't worry too much about it. Get right back in, and then keep stacking. Why'd you sell if you didn't need the euros? Like NotFuzzyWarm, I sell all the time to pay bills and larger chunks when I need. No point to regret. At least if Bitcoin ever crashes to zero, we'll have gotten some use out of it.

Also, you can probably save the same amount if not more doing your signature campaign for a few weeks. Stack those sats, OP. Stack. Those. Sats.

BTC is a volatile type of coin. The value of it can change time by time. And I agree that we didn't know what will happen to itd value from time to time. Trades might predict and some of the pump signals activity yet we do not know the actually 100% happen of it. It is okay that you think that you sold your bitcoin for low price because in that time you have a high profit to take and for you, you have a win win kind of effect. And you also used that money in the long time ago right? Actually you do not lose. You won in that time, and in this time it is just a matter of changes that btc value become high. And I also experienced same situation because I sold my bitcoin last 2017 and happens to regret later on. But I realized that I gain profit.

Keep in mind that if there will not be any correction in the near future, there's also the chance that the 40 EUR were not the worse case.
As I said, I don't know what's going to happen next. Trading is fine only for those who can "read the trend" and can also take the safety measures to limit the loses.

Ja.
Speaking of 'reading the trend', given the nice roller coaster of the previous weeks this year I figured I should try my first round of sell-high, buy again at low trading (all my coin has been earned through mining since 2014) so last week did a 0.25BTC sell @ $38,500 to hold in my BTC brokerage act and setup up a buy-back for when it again dipped to around $32k. Looked like a safe bet  :P

Rather rude of Elon to screw that up... Oh well, guess only Time will tell if we can ever again buy at that price point. If things seem stable for a while at the new highs I'll probably revise the buy-back to something just under what I sold at. Until then the money stays in the trading acct. At least it (should) never equate to a loss unless everything goes to Hell in a handbasket ;)

That what I was planning to do and well, didn't go according to the plan. But from my point of view, it can't just stay at that level, there will be corrections, I guess? Won't the price fall after the Tesla trend dies down after a few days/weeks? It's something that sounds logical to me.
That is correct, the 40 euros loss isn't the worst case scenario. I might end up losing more if I do not buy any time soon. This, in case it continues rising or stays at that price level.

This is what it feels like when using emotions while trading or shall I say you dumped it because you believe it was going to dump soon just like what happens in 2017 after reaching a $20k ATH it starts to fall gradually plus considering the price correction after the ATH and I believe everyone did dump their Bitcoin too that's why it plummet too fast.

I think you just need the profit, so why regret and feel terrible about it? When you still have a chance to gain that Bitcoin you've lost if you are patient enough to wait for the right time to buyback. But if you really needed the money why you sold it too soon then I guess you are not the only one learning the hard way.

You're not alone because we all have that kind of experience. We usually fail and learn from it. You actually did a good job because you still got a good profit. Always keep in mind that a profit is still a profit no matter how small it is. There are still lots of chances for you to reinvest again so don't feel bad about your experience.

I think we all made some mess-up decision that losing us money I also do this by selling my bitcoin at a low price to invest in other altcoins in the market but I think it's a good investment already since the profit I made is also triple of my investment. But in the volume of your investment in bitcoin, I think it is really a bad decision since you could earn a good amount holding that bitcoin up to 50k$ or even more. But at least you still made a good profit with the cashout and with that profit, you could easily reinvest and earn more with your profit.

I can see this bwing your first time experiencing this huge regret after a wrong decision made. Don't worry, you are getting there my brother. This will not be the last of your mistakes in the cryptocurrency investment industry, but you should also keep in mind that there will be more winnings in the future, provided that for every mistake you commit, you learn something new which in turn is applied in your future decisions. Definitely, look at the bright side just like what they say.

Regrets do always come after doing decisions based on your own instinct of what you think things will get into. But regrets are part of learning and that will make you improve as a better individual so that once you get into the same situation once again, you would already know what exactly you will do. I do not think if it will make you feel better saying this but I do also have made lots of terrible decisions before until now but still I manage to lift myself up saying that I would just try my best to get better the next time around. Being messed up and feeling terrible is just normal in this workplace because we exactly do not know what will be the next phase or what will happen next.

You did was a panic selling same as panic buying. one thing that I thought you should do to buy more add up the value of money and invest back in, you might get lucky, Why did I say that it may sound like a noob to others but my point is if can you guess or can see the value for bitcoin goes up now many people will buy a chance of making the value go up and go down. You'll make a gambling decision the worth of your bitcoin that you sell add more money to it and buy.

For that reason, you should now start trading which is the smart thing to do for your case there you won't regret that you made a decision to trading.

https://www.thebalance.com/day-trading-versus-long-term-investing-4139868 (https://www.thebalance.com/day-trading-versus-long-term-investing-4139868)

Likely you should learn that there can be a big good spot for trading in your case like holding a bitcoin let say there can be advantages and disadvantages and same as trading your start studying now if you like to earn and you won't regret that you sell your bitcoin.

No, you don't need to feel bad about it. You're still making enough money, I think.

I also thinking about dumps and I do selling as well. It is not all the time we get the high price. Sometimes we got mistaken but this should not be a reason for blaming ourselves. I may say, it is a need for you to control your emotions because this is now controlling you and will make you lose.

You will wait for the market to slow down before you buy back.

There will be another opportunities, don't just regretted to the decision that you have made. You did the right thing, at least you weren't got a huge lose, yeah that is the point. Investing bitcoin is not about technical analyst only, indeed, there was a sign that bitcoin will fall at that time but we forget to fundamental factor especially an event that just happened without any rumors.

We don't think that Tesla will spend their money to buy bitcoin, the indication just from Elon Musk only who make many statement against bitcoin. So, in your case you may need to buy bitcoin at the current price, if I were you. There are some indicators which can make bitcoin going up again. As an example, the economic situation in some countries still in the bad situation and the investor will just keep their money in the safe heaven place.

Such markets have been made for losing amatures to experts , you are upset now but Elon Musk is very happy ! wales are getting rich more and more because they are the main player not us ! I hope a law is passed until fraudsters like Elon Musk can not pumb and dunm crypto market with huge invest they have , He did the same with Tesla shares in stock market recently  >:( Shares of tesla fell more than 10 percent after Elon Musk Tweeted That Tesla's Stock Was Too High and then he started buying the shares in deep !

I believe you are one who happens to believe that $100k BTC is possible.  That is why after selling your BTC hoping that it will dump and rebuy at dip will increase your holdings and messed up.  What done is done and you have to move on.  Just wait until BTC goes up to $100k since your action may look like a loss at this moment but once it reaches $100k, you will be satisfied with what you think you messed up big time.  So I guess patience will prove your action worth it (hoping BTC will cross $50k and eventually $100k).

There's a lot of regret coming through from your post. Tbh you don't need to feel bad, as you're not the only one with this frustration. One way to look at this is to think if you where happy at the time you sold and if you were then you should stick to that as the market could have also gone down, and you had (like most people) no idea that it would go back up.

It's a painful lesson so make sure you learn when to get sell/buy.

Just move on and take this as a lesson that panicking doesnt really give out any advantage but rather total loss if you do make out the wrong decision to make.

Feeling of regret is pretty normal specially dealing with this very speculative market.Chances on making bad decisions is high because we dont know on what would be
the next movement in next minute,hour, day, weeks or months or years.

Therefore, instead on stressing yourself out then its better to move on and make yourself calm and make this situation as a learning for you.
At least you do already have some hints on what to do next on the same encounter.

If you didn't sell at a loss, you didn't mess up. Do you think Warren Buffet became the most succesful investor by buying at the all time low and selling at all time high every time? You made a profit and that's what matters. Now wait for a good opportunity when we'll enter a bear market, buy again and sell during the next bull cycle.

A "mess up" is when people loss their coins to malware, scams or accidental loss.

Everyone has made mistakes, don't be too disappointed by what has happened to you. Everyone has felt selling Bitcoin was too early, because basically
it is very difficult to predict the price of Bitcoin. But it doesn't matter if you sell your Bitcoin too early, as long as you have managed to get a profit,
even though the amount may not be too large. Sometimes we just don't get too greedy, the most important thing is that we managed to get profit
from Bitcoin.

This has happened to many of us and it is nothing to feel bad about. I am still trying to earn back all the BTC that I have spent in the past. I am nowhere close to recovering what I have lost.

I would recommend saving your signature campaign earnings and maybe buying in small quantities so you can keep accumulating. 0.03 is not such a big amount that you won't be able to recover.

That mistake will teach you a lot so don't be so ashamed about yourself, trades and other investors do also experience that mistakes.

If that's the case then you should treat this mistake as a lesson so that you know what to do the next time the price of bitcoin increases.

Many people are getting so excited about the hype, about the increase in bitcoin's price because they think the same just like you. They thought that the price of bitcoin will soon crash if bitcoin's price spiked in the market. Always remember to hold some, especially that the bitcoin is volatile and tricky and always stay calm, aware, and mindful to avoid panic.

Imagine selling this coin
https://coinmarketcap.com/currencies/voyager-token/
for 900 sat...

Yes, I sold all my stash of BQX when it doubled to 900 sat, thought will buy it back once it gets below 600 or 700.

Unfortunately, It peaked at a whooping 15k sat and now trading along the lines of 5k-6k sat. I can literally feel the pain that you are having now. But it's crypto, once it's done, it's done. Cant move back to the previous position.

Now I just curse myself for making that decision. Never wanted to sell it but did for my own "Greed".  :-[ :'(

Money matters, as long as you have profits that's already a winning trade, remember that someone lose
that amount before you earned it,.

Trading is not an easy task to do, you need to have good knowledge and right skills to perfectly execute each decision
making that you'll

going to do, there's should be no regret but instead use those experienced
to enhance your knowledge for much better trading activities.

It would be better if you just waited for the price of Bitcoin to go down rather than spending more money and buying it on the top.

You don't messed that much but you just made the wrong decisions and that is normal. In investing, wrong decisions are inevitable since you don't know what can happen in the future right?? If you got profit on it then that would be better than feeling terrible for your decision.

Don't feel regret for now but focus on your next plans.

I guess you didn't sell at loss, right? You still made profit since you sold it during the last all time high. Then why are you regretting? No one knew that we would be seeing another all time within few weeks!
Don't regret. Just move on. Maybe start all over again? If you are scared of losing your initial investment, then just invest the profits you made in bitcoin or other well known currencies. You still have chance to make some good profit in the future!

You've got the point mate. We don't need to complain because we sell our Bitcoin yesterday and by today, it grows high. We got sometimes overacted because we fail to predict the right time to sell. Disappointments come next to a wrong decision but we also have to think if we are already having the benefit or not.

I believe that OP is profiting, he got mad because the price moves high after he sold his Bitcoin. if we only know that Bitcoin goes like this, it for sure nobody is selling last year or even in the past days.

btc at 37k is not bad and having a 0.03btc is not bad as well . did you know that many people doesnt have that big amount you are holding ? i never manage to hold up to 0.03btc .

you are a senior member in the forum and for sure you have read lots of regret story in btc and why you havent learned on that but you can always save up again , the world is not ending yet and the btc isnt gonna blow up yet because we havent reach a million usd per btc and its supply still take alot of time for it to be mined all .

Its truly traumatizing by creating a mistake but you should always TRY to look on the bright side. The industry that we are working on is risky and because of that risk, it is always possible for us to earn more. Bitcoin is always volatile and we really cannot determine on when to sell it but if we really needed the money at that moment, then its always just fine to have that money. Regret is always there but as long as we keep working, we will still be able to earn that lost money.

Yes, without mincing words, you truly messed up. Such a panic sell shouldn't be coming from someone who experienced the last bull run where BTC had its unprecedented ATH in 2017. I took the liberty of checking your profile to see when you opened your account. 2014 is old enough to make you have a great idea how Bitcoin moves. I kept saying it that this year is a bull run, both for Bitcoin and the alts. But the alts rally will set in after Bitcoin bull has tired out. And from the look of things on the dominance scale, Bitcoin is still much in control and running north. However, you may be lucky to have it retrace at $49,000 — $51,000 because Bitcoin likes to retrace hugely around round figures but we never can say how deep it will crash before going up again. My advice to you for now is stay on the sidelines and watch.

waiting for the price to drop back is a good thing. Don't buy when the price is going up or in an uptrend. You don't need to panic to buy back, wait for the downtrend to arrive. You also have to be satisfied with the profit you get when you sell your 0.03 BTC. If you only sell half of it there may be an opportunity to sell at a higher price. Don't feel messed up, it is your choice, you must face it with a positive attitude.

Agreed, how can you say that he messed up if he earn and profited from it. Not everyone will be able to predict the price of bitcoin accurately but the time that you've profit whether if its just a penny, it's already a win for you because, for starters, you didn't loss any of your money and another thing is that profited from it.

Also, when trading, patience is the key especially on this case as you must let yourself invest more and wait for the dump to happen. It might be long or not but there's a high probability that it will.

Something is not right about your message cause it not possible for you to sell 0.03BTC for 37,000 Euro except if 1 BTC is about Eur 1,233,333.

Straight from the shoulder, you actually don't panic in vain cause you have a lesson to learn through the mistake you make, trust it something every individual in the crypto trading/investment have been through one way or the other, and what's important is how you rectify the current mistake to make a promising future decision.

Why you consider yourself in loss when you actually made lesser profits? Assuming you are holding those bitcoins from Jan 2021, still you are in profits because the price increased from 33K USD to 40K by yesterday which is decent returns and I would be happy with what I made rather than what I missed. Don't your greed to eat yourself and if you want more profits then start to HODL for more longer.

I messed up a lot of times to when I am trading but we shouldn't feel terrible about it,
It was our choice we took the risk and we have to pay the price it couldn't have been better if our plan had been successful but in order to succeed there are times that we would fail in order to learn from our mistakes.
When those time comes to me I just think that there are others who are experiencing much worse scenario than us and we should be thankful that it isn't the end for us.

There is no point in regretting when you sold the coins at a profit. It is impossible to predict the market exactly and we are all having our faith that we could just book the profit much higher than this and you might actually loose out in booking the profit at the top and now all you do is find alternative investments during this time period as there are many coins in the market that are rallying and then enter bitcoin when there is a correction.

Hey, buddy, don't be upset! We all went through this situation. Don't blame yourself for what was done, because it'll be your experience.

I advise you the next time before selling bitcoin to rethink your decision several times. It'll help you not to sell your bitcoin in haste. Maybe the decision to wait a couple of days would be better than selling it now.

Do not get worked up about it, we all know that when you make a trade and the market goes against your prediction it is always difficult but you do not have a lot to regret, you did not lose a fortune and you can always recover that amount of money easily, so do not let that loss haunt you, however if you are a trader I will be worried about being so upset over such a loss , because as we know the possibility of losing money is always there and I do not know how upset you will become if you actually lost a lot of money in the markets.

The most important lesson I have learned (quite recently) is ignore the fiat price of BTC. Accumulation of BTC is what matters and I understand that was your intention but were unlucky to get caught out.  What I do these days is split my BTC in to HODL and trade the later being my accumulation account. I used to go all in but the system taught me a few lessons which includes patience.

All is not lost though, BTC could fall back to your sell price and even way below. Remember when it first reached 20k and it slowly dropped all the way down to 4.5. A lot of people got caught out in that downward spiral myself included. That's when I learned my lesson. If there is no substantial dip then you will have to buy back in again. Another strategy is look for a decent alt coin to buy (maybe something newish) and before you know it you're back to where you were. You do have options.

Messing up with the market is really normal, especially that these cryptocurrency that we are investing doesn't have any stable price in the market.

Just don't be so affected by your mistakes because that can really destroy your momentum or experience with your investments.

There's always an alternative solution for that if you messed up, look for other sources of investment in a crypto space before you consider yourself terrible.

I’ve been in a situation like this and I never regret or bother about it, if I feel like I should sell my coins and I have enough profit then I am selling it without minding if it goes up tomorrow or not. And by the way you didn’t mention what rate you invested in, whether it’s around that same 30,000 or way less, if it’s way less then I don’t see why you should complain.

You might buy in now and the market will crash and you will lose your money. But it’s still not bad if you invest back with what you have, since if the market continues to increase you will continue making profit.

After reading your replies, I've come to the conclusion that we've all made mistakes, some are petty ones while others were definitely more serious ones.

In my occasion, I managed to reverse my mistake by buying shortly after a price crash and bought them back at the same price I had bought them for. As a result I had 0 loss. Likewise, I then proceeded and sold this amount of Bitcoin at 40.000 Euros, and at the same time buying them back after a short crash.

The result was recouping back my Bitcoin, plus a small profit for my inconvenience. This was definitely a lesson to be more careful on the future trades.

This is a chance you have to take, wait and see if it will come down to the point which you have bought or buy back now that it has not gone way too higher than when you sold,
The chances it will go back down is 50-50, because it seems it already did a correction and from here on is another rise in prices till it correct a little and maybe not as low to your buying point,  I really don't know why you will consider selling when the market is preparing for a massive bull run.

Loss is a loss there, OP.
You got nothing to do but to move forward and learn your lesson.
Now I see that this price surge isn't really for everyone. Don't panic there, as you know for sure that it will just make your standing there much much worse.
The only question that I am thinking is, were those coins worth losing?

I believe there are alot people having this same feeling right now, especially the people who thought when bitcoin hits 20k it was going to fall again like it did in 2017 but it didn't, so don't sweat it there's not much you can do now than to wait and hope for the price to dip, then you buy back your bitcoin and hold it this time, so don't feel too sad the price will eventually retrace and from there, you could even be lucky and buy back more bitcoin than you sold, so just hold on to that money (you can add a little more  ;)) and buy back more bitcoin if it eventually dips.

I believe you are not the only one that make this kind of mistake there are lots of people who make thesame mistake you make. Since bitcoin hit all time high few days ago I think Bitcoin price is still currently low to enter but I believe there will still be some kind of correction so you can wait for the correction and still enter again, there are lots of people that are thinking bitcoin will dump now but I don't think is possible the only thing am expecting now is correction which is normal before the next bull run. So you don't have to regret just wait for the correction and still enter again and leave it for few months and you will never see bitcoin in this price range again. Lots of people are still thinking about selling there bitcoin I think is too early for you to sell your bitcoin you can just hold it for few months and you will be in good profit.

The mistakes are important because they are always in your subconscious and help you instinctively analyze the market at any given time.

If you are still persisting with bitcoin, then a little part of you has probably realized your mistake was a good thing for your knowledge.

Keep making mistakes!

Chill, that's not so bad compared to the time I took a major L by selling mine at less than 4 grand after the ATH.

Imagine how much regret I felt after those 2 years.

Glad you have regain your position of your hold,  that was definitely a close one, the reason why I don't try to take such risk especially with btc, this happens often to most of us, thinking you can quickly flipp and buy back with small profit but you will find yourself struggling to buy back with same price because the price shoot up instead of dipping, lol.

Yes, we need to move on from that mistake. He can still recover the losses if he is trying hard and learn from the mistake. It is normal to make a mistake because nobody is perfect, and we should use our time to learn more and do the best we can. With the bitcoin price still volatile, I think he can try to buy back bitcoin and sell it when the price increase. I suggest you do not always chase bigger profit if the market is not moving fast or high because that will make us difficult to take profit. It is better to take profit as much as we can, so the profit will be bigger.

You made a bad move of buying back bitcoin with the money that you got from selling bitcoin. You already had the bitcoin back and although you spend some more buying back, remember that you can get back that loss and get more profit if you are going to hodl the one that you currently have. You don't need to worry about it, regretting something is not a good thing because it makes you do bad decisions because you are scared that you might make the same mistake, you are only making yourself terrible for nothing.

My thoughts exactly. I'm actually trying both to trade and hold, while also thinking that I can keep buying/selling back and forth making profit that way and at the same time maintaining my Bitcoin amount. I don't know in what degree I will continue doing that however, this incident was a lesson that it might not always work out, this time I got away with it, but it won't always be like that.

Likewise, I might continue buying and selling, but at the same time being way more cautious. Moreover, I will definitely try and accumulate as much Bitcoin as I can and hold that for the future.

The good thing about this experience is that you are using your best "plan b" so it has calmed you down. The opinion of the experts is that it is never too late to invest in bitcoin. In a joking way I tell you if Elon Musk took a little time to invest while he took care of the dog because we can't do it now. There is a significant capital in bitcoin that will fortunately give it the strength that we have wanted so much and we will probably never again see the price of bitcoin at the historical lows of the past.

https://www.forbes.com/sites/investor/2020/12/18/is-it-too-late-to-buy-bitcoin/ (https://www.forbes.com/sites/investor/2020/12/18/is-it-too-late-to-buy-bitcoin/)

My strategy is that I will never sell all of my coins. Even if one day Bitcoin is worth 100 thousand dollars and I'll decide to spend some because the profit will be incredible.

In any moment I'll try to hold at least 10% of my current bitcoins so that I won't miss an opportunity of it going another 10x.

Congratulations on realizing your mistake and sharing it with us OP!

I second that strategy, I won't ever sell all my stash cause I believe in the network and i also love using Bitcoin to make a couple of payments here and there where it's accepted, imo, I think people who outrightly empty their wallets during a surge are only particular about making quick profits and getting out of the network ASAP.

If one believes in the network, you'll study it's historical price movements/data and understand that some corrections should not make you to panic, but having said that, after selling your coins, come what may, it's best for you to forget about it and quit regretting, rather if you have got money you can afford to lose, then consider reinvesting.

Ain't a joke anyway. That be a serious scenario, it comes to the moment asking ourselves why I did this? Why neglected to see this while many of them are busy already buying Bitcoin?

Mistakes come first before we realize that we are wrong and taught us lessons. Not to wonder why many investors sell their Bitcoin too early because they are also looking back last 2017. The bad experience that we share those days taught us not to be more optimistic, not being a Perma bull but, it is too unfortunate that the market seems so different and mostly we miss the chance.

if you bought very low and has made some profit i dont see a reason why you should feel terrible except you bought higher than you bought. you need to know that you cant sell at highest price you just have to be determined on how long to hold and when to take profits. sometimes you sell too early and also hold too long. just be satisfied.

Most people lose money even in bull markets.

Also at these prices levels its smarter to start taking profits than keep buying.
Its very volatile, it could pump but it could also dump back to 20k.

I'm sure that you are not the only one that is regretting selling early. I am one of those who sold early but I don't regret that much because I only sold part of my bitcoin at a certain price. I learned it the hard way on the last bull run in 2017 by selling most of my bitcoin at a single price and regretting it for a long period of time. I learned my lesson and did the right thing so now I'm satisfied every time I sell my bitcoins.

If you profited from it, it's totally fine. But buying back now would make you lose money, so that would be messed up. Financial decisions are yours and yours only, but I wouldn't buy BTC at such a high price. After all, Bitcoin always seems to go down eventually, and go down quite significantly. But selling and then buying at a higher price is clearly something involving a loss of money which then has to be compensated by the price rising even more. If your plan was to wait for the crash, maybe waiting for it is not a bad idea. Of course, it might never come, but it's still early to say for sure and waiting for a bit to see where this is going doesn't seem that bad.

He should not regret that thing at all, maybe yes at first but he should consider that as a lesson that he need to learn and need to take in mind so next time he can enjoy his bitcoin. Emotions can be deceiving we can get rich through excitement and get lose because of panic. Above all tips we should learn to manage our emotions because that is the big part of our decision. Take profit of you are already satisfied and happy, don't regret if it pumps more even, be contented a profit is a profit already.

Almost all traders and investors are already experienced like what happened to you. Crypto market is unpredictable and you can't guest everything even you really familiar the market. You don't know when the huge demand come and makes the value of bitcoin increase more. I think you should accept the fact that we can't avoid loses in investing or trading in crypto or bitcoin. All we need to do is to move forward and keep on investing no matter what happen and learn from our mistake and experience.

Exactly, every decision we made is not a mistake (we think it was right). We never know what will happen next, all we have now is just a wild guess.

If we sell our Bitcoin now and by tomorrow it pumps, it is not regretting. We got some profit and that is enough, we don't need to be perfect because that only drives us to become more greedy. And this will be a reason for our failures and the most regretable moment to come.

You nailed it.

If you tend to sell your bitcoin, just make sure that there is already your profit. There is no need to be greedy, that will sometimes put as from sudden losses, sometimes we think that there will be more price increase but the fact, you are in the wrong guess.
Dont regret if you sell today and increase tomorrow, as long as there is your profit and that is enough and I guess, all traders are experienced the same as OP. Just move on and learned to be contented with your profit gained.

Yes this is horrible to read things like this but this is just a case of what we are calling "panic selling".   

We have all done it at some point on our bitcoin journey.  There is a big reason why you see so many people screaming to "HODL".

Don't beat yourself up, you took profit and exited the market with profit. This is something less than 20% of traders manage to achieve. You said that it can't keep going up forever, but in reality it can. Forever does not mean the next 100 years, but for most of us, adults, forever is another 30 years. We won't live much longer than that and even if we will we'll be old farts like Warren, not able to have fun anymore. Take profit and have some fun while you're alive and still feel something.