Bitcoin Forum

I've been holding BTC since 2020. 2 weeks ago when inflation data came out saying core CPI went up a lot i sold my BTC at 18,000$.At first it seemed i made right choice since stocks went almost -3% premarket and i thought we're gonna have final capitulation in both stocks and BTC, that it will go down to 13-15k.

Well when market opened everything just went up, ended like almost +3% at the end of the day. It was the perfect explanation why you shouldn't time the market. I made a huge mistake and i really refuse to buy BTC at now higher price.
It really seems BTC bottomed at 17.5k and stocks(SP 500) at 3480.

Now market is pumping like crazy,its obvious we won't go back to 18k or below.
Good luck to all, i hope you're smarter than me

Edit: i updated my post at #103

I suggest you buy back your BTC now before prices shoot back up, because the logarithmic rainbow charts are already putting this current price in "Basically a fire sale", even almost breaking below that color line - meaning we will never see $17K again (sorry Bitcoin to zero doomers).

This doesn't make much sense to me, not to buy again if you are so sure that we won't go back to 18k. But I guess you haven't since you are not buying. :p Last time I made similar mistake was back in mid 2019 when I tried to be smart and "sell high buy low" and in the end I ended up doing the opposite thing, which made me realize that trading is not for me and I guess its not for you either so better stick to hodl if you don't have the stomach for it.

Having said that, I do think that there is a solid chance we go back to 18k, and below.


Hah, many said that for 19k as well. And I don't think that those who think that there is a chance for bitcoin going below 18k automatically think its going to zero.

Do not believe in those things you are reading from the news, they are only short term in outcome. Do not compare bitcoin with stock if you are not a day trader.

We do not know yet, but best to go for long not short, or just buy and hold. Even $18000 has been a very strong support. Let us see what would happen before the end of this year, but very possible bull market will begin by next year or some days or weeks before. Not an advice but a guess.

Profit is more guaranteed if you hold, instead of creating a short position.

We cannot tell yet if the bottom was touched, however, I also agree that betting on 17k was pretty much foolish (under 20k there seem to be much better chances upwards than downwards).
Yep, best would be to buy back, and although "market pumping like crazy" is not actually correct, not for Bitcoin, I feel like the opportunity window (for buying back cheap) may get very small.

However, please do your own thinking and do with your money as you decide, not by what I'm writing. I may be right, but I also may be wrong.

The mistakes we made often is the we so much believe in those market indications which don't really work most times as predicted, but if you had known this to realize that we are already on the dip season for bitcoin price and what should have been waited on is for the next bull moves, things couldn't work the way they were had it been the predictions has always been accurate, no one could have made losses, know that bitcoin price is base on your personal speculative discoveries since you're investing with your own money.

Prediction errors are bound to happen to everyone.
never regret the past, let's go in a better direction and there is still a chance to buy in the 18-19K area and save it well until they fly to the moon

Isn't strange that you are holding bitcoin since 2020. This means you did not sell anything in the 2021 bull run. Bitcoin was at 60,000$ , 50,000$ and even at 30,000$ you still not sold. I wonder why u become so panic at 18'000$ and sold everything?
Didn't you have believed the bitcoin will again go to all time high in its next bull run. You have held bitcoin for 2 years, you could have held them for another two years.

Pumping like crazy? I don't see the "crazy" part yet. But remember, shorting BTC is hurting. So you fucking should buy more.

Sorry to hear this but from what you said, you have been hodling your BTC since 2020 so you definitely would be in some profit even as you have sold which was obviously a mistake because if you look at all relevant Bitcoin price chart, the market is basically around the bottom which would have suggested continuing to hodl, but we all make mistakes and since we can establish that, it will be good to buy back cos even IF the market might go down, it might not really be that much again


https://i.imgur.com/gMzgxXo.jpg

And I agree, we can clearly see what @NotATether is talking about there, and even though the market could go below, I still think we are around the bottom.

Hmm, I tend to agree with what virasog and others said. Not selling during the bull run and all the hype around bitcoin in 2021, but selling all of it during the bear market? That's indeed pretty absurd. Especially considering your obvious weakness on the technicals. I'd like to hear your reasoning on why you thought this was a good idea. Did you have any particular goal in mind when making this decision? Did you want to buy it back at a lower price or what?

Oh well, each to his own, I guess. Personally, I've never had much patience, so I made a few buys/sells here and there during this period (and lost a bit as well). But I'm sure you're aware, bitcoin is a very volatile asset. You can't just buy it and expect to see a constant upward trend in price. If you're not willing to take risks, I suggest staying away from bitcoin. But remember, there is no free lunch in this world. You can't have security and high returns on your investments at the same time.

If you don't want to look on this thread a few years later, and laugh for considering $20k expensive, I recommend you buy back. Selling bitcoin at $17k with $20k as current market value doesn't seem a "huge mistake". However, if the price doubles, triples etc., you're about to regret it.

Also, rainbows make sense until they're broken, same as with S2F.

Well, this should be a lesson for you, because it has been discussed here more than once that selling bitcoin in order to increase the number of coins is a bad strategy. You can sell in the event that either you have reached the price that you planned, or you want to sell some part of your investment in order to buy something, as a reward for yourself. The speculative sale of bitcoin is already trading, and in this case, the risks of losing your coins will increase significantly. There is still a chance that the price will drop lower, but this is already a lottery, no one knows whether this will happen or not.

 ::)
Haha , right  :) Buy more.

At first, when I read this statement from OP that bitcoin is pumping like crazy, I thought I might have missed something. Then i decided to go to my trading view and see the current bitcoin price. But before that i decided to look at when this post was made and it was today. I was sure that bitcoin might really be pumping but when I saw the bitcoin price, it was still at 19,000$ and a few hundred dollars. There is no pumping as mentioned by the OP.   :(

The OP did not write how much BTC he sold (which is not too important), but at first it seemed to me that it was a larger amount - because even if it was 1 BTC, the difference between $18k and the current price is only slightly more than $1000 - which in some smaller amounts is not a loss worth mentioning.

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We are not smarter, we just look at some other graphs that show the real situation. I don't know about the price, but if you were wrong once, it is possible that you will be wrong again. In a bear market, there is always a higher probability of a new crash than a mini pump.

I don't understand, did you actually short bitcoins or did you only sell all your coins? If you bought your coins in 2020 and sold them now you should have at least made a profit and have 0 exposure now. That's alright you are not losing any money when bitcoin rises again, but you are also not making any profit. In case you actually are short and have a negative exposure to bitcoins, I would recommend you cover your position immediately. It's not really realistic for bitcoins to fall in price. Your potential upside is very limited whereas your downsize is huge. I wouldn't take that risk. You sold almost at the 52 week low, which is never a good idea. Hope you learned from your mistake and will not repeat it. Good luck for your next trade.

You can always DCA (dollar cost average) to recover your assets. Never think that you are going to stay on the same position. you can always examine and analyze the market to average out your cost to recover your lost funds.
If you are lacking the confidence to do it yourself, I suggest you to use KuCoin DCA bot. It is automated so you can relax.
But always do your own research. and if you want to go for the long-term holdings then i think you can still buy now and wait for the price to pump again.

There is some confusion about what you actually did, according to the title you shorted the bitcoin at $17k, however, in the post you state you sold it at $18k.

It would not be a good idea to short bitcoin at such a level when bitcoin has fallen so much. Of course, you can scalp but there must be a supply zone where you are trying to short. However, you did completely opposed short-ed from a demand zone ($17600)

Short/long/leverage is gambling against financial sharks/whales.

Stick to hodl next time.

That's why I never recommend anyone to do leverage trading because the chance you will loss your money is really high and it's not good for newbie. Spot trading and using stop loss is enough if you're doing trading, but for people who doesn't care with trading can do investing.

Personally I'm prefer to invest rather than trading since candlestick, signal, market movement etc is doesn't give you 100% guarantee.

We're still in the bear season, bitcoin hasn't pumped like crazy yet. Yes, you made the mistake of selling your bitcoins at that price, nobody is without some mistakes as long as you realize your mistakes and don't give up. Currently, bitcoin is still under $ 20k, in my opinion the price is still very low if you buy and hold for a long time, your chances of correcting your mistakes are still there. Start over now, its never too late with bitcoin, if you don't buy now you will regret more later when you see bitcoin hit $100k.

Sell your BTC for $18,000, are you not wrong to sell it? Why don't you wait for BTC to rise again? even in a bear market like today, BTC is still stable in the $19,000 price area. You make decisions too hastily without thinking about the long term. and what's worse, you are short at the price of $17k which is the strongest support that still can't be broken.
It seems you need a little rest and self-control which should be better.

It will be the perfect case of buying high sell low  ;D
Now you understand why some people prefer to hold than be in the same situation as you right now. It is not easy to correctly tell what the market will do in the next hours or days.
I think your only option now is to wait it out, hopefully, it will come down below your selling price.

Sometimes the biggest lesson is to make a mistake. Most of the transactions made without knowing the structure of the market result in a loss. So we have to act very carefully. There is no such thing as a 100% guarantee in the market. It's the same with investing. All of them have certain risks.


The direction of the market is still unclear. So I think it's too early to talk like that.

Who's going to guarantee the price won't go back to $18K or lower? Even if today bitcoin has traded near $20K, then I think its price will always probably drop lower.

You sell because you are afraid the price will drop lower, that's natural but you don't have to regret it if you never lose from it. You're just unlucky to get more profit because the price has increased, but that's how it is. A person may regret many things in life especially about his past, but rest assured that you don't have to get too caught up in it and start buying it back and take advantage of the volatility of the market to make a profit.

I wouldn't be in a haste to go in if I were the OP. I will wait for today to pass because I believe there will be a correction downside to what price did by tomorrow or so. OP shouldn't be in a hurry to trigger a buy trade. Just relax and watch paint dry.

OP sold at $18,000 and made some gain but felt that Bitcoin was going to crash and then they sold/shorted it at $17,000 hoping it would hit $15k or lower, only for Bitcoin to zoom pass $18k and even $19k now. That's what I garnered from what OP narrated.

Currently it looks like a big mistake, but none can predict the future and the price. It is possible that you can now only watch the price go up. Maybe ist fall in January when Mt. Gox payouts are made. Short term analysis: 21-22k$ are being talked about. But hey, you write it, you can't timinig it, so trading against the trend is currently better… maybe. But that happens the best of us. Look at Tesla and Microstrategy, both are worldclass and they bought higher.

Sorry about your wrong decision bud, this is not something new, alot of us here has made similar mistakes and alot are still going to make same mistakes as long as the market continues to exist and bitcoin continues to remain volatile with its price.

This is why I always advice some of my friends, when buying bitcoin with a long term mindset, it makes no sense being concerned about the current price, looking at the current price will only lead to mistakes like this of the op.

I hope no body makes similar mistake (which I believe alot are still gonna make by the way) and I also hope that when we make such mistake, I gather the balls to buy back at a higher price instead of totally losing out on a pump.

That's very right, no one can predict what will happen next so you can't blame yourself if you sell at a lower price.
Because when you are selling your satoshis, of course, you are thinking that btc might go down more.
If you think you did right at the time of selling, then, don't be hard on yourself. Other days, you can recover what you've lost.
Anticipate also the possible factors that may affect the market. And decide what's best for your situation.
It is not the end of your trading journey. You are still collecting experiences along the way if you won't give up this market.

Right. Whatever you think is right, then do it. Do not just rely on others for your decision making, do your part searching for the right thing to do because at the end of the day, it’s you who will decide what’s best to take and disregard others.

For me, I would rather wait for another good price to buy back bitcoin when its price will drop again and reach another bottom. That way, I will never have to worry and think about my future losses.

Well, I don’t see it a huge mistake too because for me, it’s like a common mistake everyone is doing. You just have to be patient to wait for another dump price and it will be very possible this time since we are still in a bearish market. Bitcoin may seen pumping at the moment, but believe me it will always fall back again at any certain price. That’s the time you’ll decide if it will be a good price to buy or just wait for another dump price.

Yes, you are correct. Even if a mistake was made, which is what the OP claims, I do not see why that would be such a big deal. I guess I'm just not convinced that a mistake was made. There is no way to know for sure, of course, but there is also no reason to assume that this is anything more than a simple case of nonsense talk.

OP, if you really sold at $18k, and you think it was a mistake, then why not buy back and correct that mistake? Anyway, good luck with whatever you choose to do!

When it comes on dealing up with speculative market then i dont really see nor precise to have a reason on calling it a mistake.Of course we do really have our own speculation and analysis towards this market.

We would really be ending up on different decisions and steps to be made basing up on what we had analyze.Its never been surprising about these sudden price increase.
Although it is really just a small bump in price in the market but you could really have those thoughts that you had made a bad decision.

Its not too late on making up some purchase now but of course it cant be avoided that we would be thinking about the lowest price as possible.

If you are worrying too much, then do not wait for another bitcoin price since the current price is still a good buy. Though you may experience losses for now, but for certain you will get huge returns in the future. However, waiting for another price drop too is still a good decision but I can’t tell when it will be happening seeing bitcoin price starts to pump these days.

Although you make the mistake of selling your whole holding at the lowest price, it's too early to say the market won't go back to or below the $18K price because the last 2 months of the year are always bearish and the bottom price is usually achieved during this month or the first month of the new year.
The current trend you see which you consider to be the market pump crazy is just a slight pump to compliment the market.

It's not obvious that we won't fall below $18,000 again. We could very easily do so, and in fact I think it is more likely than not that we will fall below $18,000 within the next couple weeks.  I simply don't see any indicator that bitcoin will shoot much up further than where it's at right now.

In regards to selling, just buy back in a do some dollar cost averaging.  This way you can give yourself a chance to buy lower if it goes back down, which it more than likely will in my opinion.

This. What the OP has done is to play roulette, and, although we cannot know the result a priori, we have more indications that we have touched the bottom or are close to it than the opposite. While the stock market has continued to go down these months, the Bitcoin has remained roughly in the range it is in.

To short the Bitcoin as a retail investor on pure intuition is to be a minnow and get close to where the sharks are.

It could still go lower if you could stay solvent long enough. It seems like you’re viewing things in too short of a period. Bitcoin is down more than 2/3s since the all time high. That’s not when you want to short. The best bears are the ones shorting as we come off all time highs. The risk reward points to you wanting to be long here. When people are screaming Lambo and you hear stories of peopling making millions in a day, that’s when you want to start going short.

To be honest i dont think it will dump again below 19k.BTC was oversold plus because of high inflation the value/price of btc probably is 20% higher than before which would mean 17k bottom is probably 13-14k preinflation. The FED pivot is coming, Russia-Ukraine war is stagnating, crude oil went down, 10year treasure went down, Q3 GDP growth 2.9%. Economy is strong. I think i actually sold at bottom🤣But my stupid ass really deserved this, only blaming myself..

We will know for sure that 19k is no longer possible only after the price gets much higher.
But on paper, yes, things start looking good (although I disagree with the "economy is strong" part), also it kinda matches the 4-year cycle movements.

Whether you deserve this or not... it's always debatable. I hope you've bough back at least some of the loses.

PS. Keep in mind that HODLing tends to be more fruitful and less risky than trading.

Yes. Some people will buy or long when the price of bitcoin has reached a significant bull run and people reading to selling, just like some people complained of losing after buying at $65000 during all-time-high. This are the kind of people we can still advice to never sell their coins because bitcoin is going to that price again, it can take years but it would happen. If someone short at $17000, it would be surprising if bitcoin never fall below that price again. The best to do now is to buy, not by using future trading for it, but a wallet. To short bitcoin below $20000 is not good as can lead to loss.

Well you really did a mistake selling on dip, i really understand How hard when market goes so down and fear starts especially for large amounts all traders and holders do mistakes and also get emotional while market  is down. But don’t miss the train now and do another mistake. Bitcoin now is really pumping and as you said we will not see that cheap price again at least not soon
So forget about that and do not feel guilty about it move on and catch this train, you will surely recover you losses

sometimes the decisions we make can be wrong. whether it's because our mental is affected or because there are other reasons. but the pump that is happening now does not mean we are entering a bullrun market and this increase is still in accordance with technical and fundamental analysis. and if we continue the analysis then if you are patient it looks like we will be able to buy BTC again from prices below $ 20k. so no need to rush in buying back. because most likely the actual bear market is still not over. and the increase that occurred yesterday until today is common before the next decline.
so whoever is in the mode of accumulating bitcoin I hope you stay calm and do according to the analysis. avoid FOMO.

but i guess or hope the next drop BTC won't break $17k. because we have seen so strong the support area at $18k-$20k. so if you already sell at a lower price. then we can start to re-accumulate every decline that occurs. and it's bound to happen. but for a deeper drop then I don't think it will happen anytime soon. but small declines are bound to happen.

I don't know in which universe you live, but apparently in a parallel one where things happen a little differently than where the rest of us live. We are in the midst of one of the biggest economic crises in the last 40 to 50 years, and on the brink of the biggest military conflict since the end of World War II.

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19k is something that will be broken many more times, regardless of the fact that from time to time (like now) the market prepares a small trap and tries to convince the naive that it's time for a new bull run. The biggest mistake that the OP and others have is that he is completely lost in time, and that's why he loses money. However, he doesn't have to be completely disappointed, because his loss is someone else's gain.

I don't say it will or it won't. I will say that I can tell "it won't" only after the price gets much higher.
The current move may be a bull trap or may be the end of the bear market. While I hope for the second, the current bear market gave me plenty of bad surprises, so I won't be too optimistic.

Bitcoin was at certain low price like $3900 before. Bitcoin increased to $19600 in December 2017, but it was the other way in 2018, it decreases below $3900. It increased but again decreased below $3900 in 2019. Bitcoin halved in 2020, but two months before halving,, bitcoin decreased below $3900 again. But what about now? Can bitcoin decreased below $3800? No. That is what you are saying, you are right. But I think Lucius is thinking about what I said, that even it is possible $19000 may still be broken again some times before 2024 halving, but a time is coming that the $19000 will become $3900 of the past, in a way bitcoin can not fall below $19000 anymore.

I think many of us make that mistake, myself included because of concerns that the market will decline again so that we will experience bigger losses. And maybe that's the way to avoid more losses but if it's bitcoin, maybe we don't need to sell it when the market is down but we can buy more while holding on to the bitcoins we already have. Thus, we can expect to get bigger profits if the market goes up high again. And in the future, the opportunity to increase the price of bitcoin is still wide open and although we don't know how high the price of bitcoin can increase, we will get big profits later.

This is just like Immediately concluding that the bottom is already in , what if this rally is meant to trick or trap more bulls in to think we've bottomed out? , because the overall trend is still downwards and nothing has changed yet.  

Therefore , If you shorted Bitcoin at  $17k thinking the price was gonna go further down and reverse is the case, 20k is not very far away from 17k to get in right back because we still have more way up to go than we do have to the down side, if eventually we've bottomed out.

Or divide your investment capital into 2-3 or more buy now and wait until Bitcoin has taken a clear direction up or down to actually get in back fully.

20K barrier broken, lots of those short sellers must have been liquidated.

You’re not alone. Just like you, there’s a lot actually who is also like you. I am not saying it’s a bad decision, but rather I call it “wrong timing”. I actually had regrets of selling my USDT early after a long consolidation of BTC somewhere between $12k to $14k. Eventually it shoot up to $20k, $30k and up to $68k respectively when Elon Musk started the great hype!

The reason I call it “wrong timing” is because of the crypto market being unpredictable in going up or down without warning.

Nothing to worry about as the whole world is still suffering from high inflation, there is a chance that it might go down in the next few days to weeks.

Market is pumping like crazy? You're a newbie I guess that's why you're a bit exaggerated. Right now, the market is still moving sideways so if you sold at $18,000, just wait for it to go at that price again. There is a high chance that it will go to that price again because right now, markets are still on the bear market and that includes the crypto market.

I already forgot that phrase "timing the market" because it isn't working for me at all. I tried it twice already and didn't work for me that's why I focused on Dollar-Cost Averaging. You might want to do it as well. Right now, the market is pumping but I don't think that it is sustainable, and I expect a reversal and it will return to below $20,000 next week probably.

If you say we have a very strong support at 18k-20k it means bitcoin will be hard to fall further and bitcoin is currently at 20.5k. This is considered a price that is not too high compared to the resistance level, so buying from now is not too bad because there is not too much difference.

In the current situation, there is no basis to believe that bitcoin will rise sharply from here and fall is what everyone is anticipating. But no one dares to confirm anything yet, so don't hesitate to use DCA to not miss any opportunity whether the market goes up or the market drops further.

I wonder if the op lost money from selling at $18k. Since the price was below or around $10k for most of 2020, I'm guessing that it wasn't actually a loss, but instead was at a small profit. In that case, why not buy just now, especially if the op believes it's the start of the bull market? The price is still more than 3x below the previous ATH, and when the market recovers, it sets a new ATH point.
I think the price might still fall lower for Bitcoin, and that this small increase might be a very temporary thing. But $20k isn't a bad buying point, IMO. I agree that selling at $18k was a bit premature, but it wasn't anything that can't be fixed.

Unfortunately, no one is immune from mistakes and our expectations sometimes diverge from the real state of affairs. You should always take into account the risk that your decision is wrong because you didn't take into account some facts and because of this made the wrong decision. You need to learn from mistakes and try not to repeat them. I hope that the unpleasant incident with OP will be a reminder both for him and for the readers of this thread. Trying to outsmart the market is fraught with unpleasant surprises and is much more comfortable to play in the long run.

Great day for HODLERS like me. I knew BTC would go back above $20K at some point which is why I HODLED my stash successfully until today and sold it happily. Great TX times and fees as usual.

BTC will definitely sink below $18K at some point in the future op, but it will bounce back later on as it always has which is one of the primary reasons why I am a fan of this cryptocurrency.

The human nature in you played out. I don't listen to government on their economic data in respect to BTC long term movement. 2020 was the way when one expect BTC not to go go ballistic because of the Covid-19. It went to a new ATH same way even when stocks were dying and companies were seeking for a bailout. Why hold BTC through 2020 and short now like a day trader? You didn't do well friend.

Hah, you are not much of a hodler if you sold your bitcoin so easily and so far away from all time high, (to be more precise, bitcoin is down ~69% from ATH), unless of course you needed money urgently). I do hope that you plan to rebuy bitcoin if/when it reaches lower price but imho you are playing a dangerous game.

Yeah, it is been a wild ride in the past 10 months! We had some ups, some downs and more rumours flying around that I can count. Everyone has an opinion about Bitcoin price, but none of them is worth a shit. Personally, I would never sell at these levels unless I need the money badly. I would rather sit on my Bitcoins for at least another year or two.

I am not a financial adviser, nor do I profess to be one. This is just my opinion based on what I have seen in the past years. It has recovered from worse than this in the past and it will do so again. It is just a matter of time until we see another bull run like the one in 2021. So, if you are still holding your coins, do not sell at these levels without any real reason to do so!

Its their assets or  coins then its up to them on when they would be selling it.Its true that there are instances in life which you cant really avoid not to sell your coins specially when you are in need.

There's no such thing about mistakes whenever you do make out decisions considering that this market is unpredictable then there's no way that we could precisely tell on where prices would be going.

Whether you had made out the right decision or not, then its up to someone on what are the decisions that had been made.Overall it wont be that a mistake because market is truly that
unpredictable as always.You cant really determine on where it would be going.

When someone is feeling panicky and impatient, especially when they are very worried because of the continuous FUD, then sometimes they will prefer to make hasty decisions. Selling Bitcoin at that price in a panic condition will reap regret when we realize that there is no need to sell assets at that number.

However, regret is only regretting that if only thought about continuously will make us sick. Leave the regret and evaluate the mistake. I agree with you, don't miss the train again to get assets at a certain rate. We don't know for sure if Bitcoin has reached a real bottom or not. But what is certain is that we would be better off doing DCA than regretting every rate.

I think is high time you stop listening to people that keep on saying bitcoin will dump to $13k and below. I don't really know the amount you bought your bitcoin in 2020, but you are kind of funny, bitcon wetin to $60k+ but you didn't sell, you decided to sell when it was in $18k which is kind of funny. Even if people keep on predicting that bitcoin will dump to $13k why can't you just continue holding it, you have been holding bitcoin for almost 2 years, even when bitcoin pumped you didn't sell, then you decided to sell when bitcoin is already down, I don't really know to tell you, but it's better you listen to what people have been advising you to do, just buy back and stop listening to people that keep on predicting that bitcoin will dump more. If anybody should worry, it shouldn't be you that have been holding bitcoin for 2 years.

There’s no other way to regain your expected profits than to buy back again while the market is still deeply bearish. Although it’s really not a huge loss literally, but if you want to increase your profits when the market is finally bullish, then you don’t have to waste time waiting for another price dump just to buy again. No one knows what will be the price tomorrow or the following day, just buy back when you have enough funds for it.

Well, if you've sold at $18k and you're satisfied just count on your feeling and validate that you've made the right choice if you've spent the money well.

But if not and it's still frustrating, there's nothing you can do but try to accumulate again. Do DCA and that's going to be the purpose that you have for now.

Do not forget to have an allocation for holding.

We don't know if it's pumping or not and if OP made a mistake. The bear market isn't over yet, but IMO selling bitcoin because you're scared or unsure of the future is always a bad idea.
You either know it's going to be big or not, you're either a believer or not. If you buy and hold when it's green but a little red makes you piss your pants you aren't fit for investing.

Buy it back OP, you haven't lost a lot yet.

If he really bought it at $10k or below $10k, he got profits. But we don't know at what price he bought the Bitcoin, right?
However, selling at $18k isn't a problem if Bitcoin price still has a chance to drop again below $18k this year. He can buy again when the Bitcoin price drop below $18k. Actually, there is no reason to claim 'getting a loss' as long as there is an opportunity to buy back at a cheaper price. Even if the current price is $20k+, Bitcoin price is still very possible to drop again below $18k if there is more bad news about the world's economic situation, specifically about the recession.

Exactly, but we can't blame these kind of people most of them should go through this experience to understand that trading bitcoin is not easy and won't make you rich in one day, you should be patient and accept every move in market.
He didn't follow any strategy to make profit. He went all naked and bought in a price and waited to go up. Once the price moved against his wishes he started FUD and sold with much loss. Most of traders stops on this point and starts blaming and no believing in trading or even Bitcoin. Xd same story with casinos, zo i would say that these people are gamblers not traders
For us we know how market moves and this year we understand why it's so low and bearish so we are not worried about it.  I'm not saying I'm a pro or know everything but i just understand reality and follow world economy

Most people lost their trust in the bitcoin and Ethereum.But the fact is the bitcoin regain his strength now.In certain part people are forced to change his mind.When the market keep on pump,surely they will response for it.When the people with less knowledge know about the bitcoin ,they will consider this as the scam platform to get their money.Not only the price of bitcoin was changed and the Ethereum price also get some high value now.When the people loss money,they need to hold to get back his money .

when bitcoin hits ATH above 60k most people are profitable but many people still hear experts predict 100k ATH so many people didn't sell and wait. but in the end, instead of being able to make a profit, they become reluctant holders and when bitcoin drops below 20k they will probably start panicking thinking bitcoin is dying or keep hearing experts predict bitcoin to $13k. they want to sell them for 18k-20k then buy them back for 13k, unfortunately things don't go as they expected.

everyone makes mistakes from time to time, there is nothing to blame, this will be a lesson for OP and like you said OP still has a chance, just buy now and DCA if bitcoin continues to drop OP will get back previous losses soon

correctly. Looks like the OP really should be able to trust the analysis he has done himself. and the OP must stop listening to news that can affect the mentality of every bitcoin holder. but because the OP has already sold his btc. then I think the OP has to re-analyze if you want to re-enter to collect bitcoins. and the DCA Strategy is appropriate to use in the current market situation. we should have more confidence in our findings in making buying or selling decisions. and we shouldn't see too much news from influencers which sometimes makes us panic. because they always exaggerate the news they convey. so DYOR. and trust your own analysis.

Seems OP is just trading. So for me, I am expecting that the OP always has a stop loss. That's how responsible a trader is.
So if he just set some stop loss, the loss of OP is not really huge. Especially there is leverage for sure.
This is normal when you are trading.

You would be surprised how many people on internet engage in reckless leveraged trading, specially in times of extreme volatility or when negative/positive news about Bitcoin are made public.
I have seen people showing off their leveraged positions with unrealized gains over 1000% during periods of time like those I described.

The sad/ironic part about this is the fact most of those people (who are actually gambling in their preferred exchange) will only show their earnings on social media but won't show their liquidations (they may barely mention them, though). Responsible trading becomes an ideal case when there people throwing money at Binance/Coinbase who do not even know how to place a stop loss.

What do you mean by this? I don't see a crazy pump currently because it's just a minor increase and still uncertain if this will continue or might follow by correction. I will not call this a crazy pump unless the price break the resistance level which is not happening for months.

Therefore the price can move downward again if the bear season is not over yet. If you're going to buy back at cheap price then you can wait a bit for much lower price or buy at the current price if you afford it because we'll never know the next movement of the market.

I think he sold bitcoin at 18k and waited for a decline to buy but in the end, things didn't go as he predicted. Bitcoin has not fallen further and is now trading above $20k, he is regretting.
Bitcoin is recovering but it can be seen that this is only a small rally and this has happened a few times this year as well, I also believe bitcoin will correct back soon as economic news, war will affect it. We are still in the crisis period of the world, so it will be difficult to get a sustainable uptrend from now on.
OP, you still have a chance to buy bitcoin at the price you sold it, you can also buy now and DCA when bitcoin corrects or you can wait for bitcoin to correct then start buying, still nothing is too late or regret.

Like others have said I also don't find any crazy pumps in the market at this time but you can surely buy back bitcoin at this time to play safe in the future when we see actual crazy pumps you are expecting and indications are that towards the end of the day we can see price boosting up.But the volatility factor can't be ignored as we can't say what's the bottom but one thing is sure the graphs green candle would surely be there taking it new ATH in future.

I agree with members who are suggesting buying back.  Bitcoin is in for a long journey, we are yet in the middle of the Bitcoin journey and still in the early phase.  What is a $3k loss when in the future you will have $50k to $100k gain?  All you need is patience as you did before selling your coins @OP.  Even though I still think that Bitcoin will revisit $19k but all this speculation and prediction is bound to error and mistake.  There is always the what-if thing, which I think isn't good enough to make a gamble.  So as other is saying, I think it is good to buy back than lose the opportunity to buy at this price.  You can always DCA @OP if the price goes down but you can never average down if the price goes up.

According to what I saw on media, over $1 billion was liquidated for the people that have gone on the short direction. It is true that the $20000 resistance has been broken, but we should still be very careful because this could be a bull trap for people that leverage. Let us see what would happen in the coming days, all we are expecting is bull run, but we do not know yet if the time is ready.

In life and trading, we make mistakes, and the ability to correct them makes us better. No one would trade and will not make mistakes through speculation once in a while, but make sure that you correct your wrongs immediately after you detect them. Most traders are losing all their money in one or two trades because they can't cut short their wrong positions. You have already known and admitted you are wrong, you should close the trade and follow the winners, which are the Bulls.

In addition, BTC is not ready to fall this year anymore, a reasonable deal will be the 'buy-on-dip' approach.

Same here. I then check the price to confirm it but I only see a small recovery. This is not a pump obviously. When there is a pump in btc, it will last a little longer, not just an hour or less but if there are coins which can pump and dump quickly then that will be a true pump and dump coin. Don't worry you don't miss anything here and you won't, as long as you do a daily monitoring of the price, if your goal is to sell for short term gains.

Timing in the market is important so I am not sure why the op said it was wrong but there are times that our actions are wrong. We can not avoid it so don't feel really bad about it op. It is still possible for btc to fall down and you can wait for that before buying again.

Anyone who have sold early would likely want to get back on track and accumulate as many bitcoins as they can again.

But the fact is, this is hard to achieve when the price is higher although it may be hard. If you continue to be consistent in accumulation whether you DCA only in small amounts, that's already a good sign that you're having a mindset and aiming for consistency.

To be honest, I feel we might see a leg down to 17k if we are really going to a bull market, you see entering a bull market requires toppling a lots of shorts, only when there are a lot of sell orders then can the whales actually bring in their capital, to make it look it's bearish time they have to give up a wick down to 17k area again, I think market will gain some green momentum in coming days but then there will definitely be a big wick down before actual rising starts, because so far things have rather been quite slow only if you see. Secondly talking about CPI data and Bitcoin, I have never ever been able to understood the correlation between the both I am surprised how have you figured it out?

Mistakes are where we learn lessons and at other times, it doenst mean you would have to be the one making the mistakes. You can learn from other users or people's mistakes. You already made the mistake of selling too early, following the analysis that was appealing to you at the time and I get it, the burden of buying at a higher rate and have far less bitcoin than you were hodling before but, perhaps you could try an investment plan and just buy sat by sat without looking at the pump or dump price untill you've got a significant balance on your wallet again. Don't make the mistake of just looking and do nothing.

Better to buy another one and wait than to have to get back on the train.
bitcoin is currently still quite strong at $19k amid expectations of a Fed rate hike. and this is still bitcoin's strongest support for now. and if the Bitcoin price movement manages to maintain its green pace, it is likely that the positive trend will continue to hold up very well and be good news for long-term gains.
I personally advise you to re-enter even though it's still unpredictable the movement but it's better to do something like that than you are getting left behind.

This may seems like a mistake to you by selling BTC and the price went up, because it's actually a normal thing that happens to all Bitcoin holders, as you never can tell when it's price may rise or fall since in most cases its price movement always independent and inglation data just as you thought. So my advice now will be that you rebuy BTC and have in mind to hold for a long term, as you never can tell when there will be another pump in price, since we all know BTC is currently at $19k-$22k resistance, of which there is every tendency it can pump any soon since it last ATH was $69k.

Hey man you don't need back down, get your feets up and buy back there are still good chances for you to get more of it considering the price for today the variation is not much than backing off. This is not the end considering to the previous ATH so selling at $18k and buying back +$20k is nothing much than living a life full of regret maybe you might not be this lucky anymore, this is why i don't pay attentions to most news flying all over. I believe you are a strong supporter of bitcoin and you don't need to get distracted same thing applicable to me. I believe and trust bitcoin i don't get distracted for any reason or sell off my bitcoin with just a little pressure.

The market had done this before and you don't need to panic about the market because what will happen will happen. You shouldn't have bought again above $18k because the market is going to range like this for long and all we need to do now is to buy at a very good pri e and keep holding. Many of us that are short term holders will not have to holding when others are selling so that they can keep making money when they market too is not that favourable to every traders. We need to learn about the market more and get better understanding about the market.

Hello, OP here. Just to give update, few days after i made this post 6 months ago i bought at around 18k,been DCA between 15k-28k currently. Working extra shifts to buy more if i can..

There are things that are important to know when we make mistakes in our trading. In this case, shorting BTC at 17k was a mistake. It's understandable that you sold your BTC for 18k in response to inflation data, but subsequent market moves have shown that market timing can be very difficult, and often results in losses.

It appears the market has recovered from previous lows, and it is unlikely that we will see BTC drop back to 18k or lower. it may be worth considering a long-term strategy rather than trying to time the market. This can help minimize the risk of loss and maximize profit potential.

That's the spirit, son! 8)

It is hard to predict how the market would react, when the US banks started to fail, majority never had a clue how the cryptocurrency market would behave but BTCitcoin was created to avoid these financial crisis but there is no evidence that investors would flock back to BTCitcoin when banks started to fail and that is what is happening as majority are diverting their fiat into the cryptocurrency market and wait for the minor correction and enter again rather than thinking you are left out.

Unfortunately, most likely you sold your bitcoins at the bottom price (almost the absolute bottom price in this bear market). 

The $18,000 price is below the high of the previous bull market (December 2017).  The price in a bear market usually does not fall below this level.  Yes, you probably made a mistake ....

However, do not be discouraged.  In my opinion, even now that Bitcoin is worth $28,000, it is still not too late to buy it. 

Bitcoin is always a long-term investment.  Your mistake was that you made the decision to sell the first cryptocurrency based on the news about the state of the economy.  Meanwhile, bitcoin has a fundamental value that causes its price to rise over time. 

Therefore, its price is likely to exceed the past ATH (i.e. $69,000) in the not too distant future.

Well this "mistake" so to speak could still be rectified by buying back bitcoin even at this price point. You could still recover losses in future pumps if ever, but you wouldn't be able to buy back losses anymore if you don't do anything today. As it stands bitcoin is showing good signs of a possible price pump for at least a good while, enabling everyone to still be able to take in profits if ever. In that case you just made the right choice. buying back and not letting the regret of panic selling get the best of you.

Hello OP here..

Im still DCA through 2023😁 now at 0.2btc.My average is 23.5k

Now when look my first post its really funny to see i actually sold my BTC when stocks(SP500) bottomed lol. Glad i got back..

The only problem any crypto investor can have with Bitcoin is trying to find the bottom, I can assure you that you will miss the bottom and you will have yourself to blame, there is no way anyone can know which or when Bitcoin will bottom and trust me, I hate trying to find the Bottom, even if it's not Bitcoin, you will end up deceiving yourself and you will look stupid.

Your post is from 2022 and I hope that you have already bought your Bitcoin, some idiots who believe that they are the smartest are waiting for 10k Bitcoin, some raised an alarm when the SEC sues on Binance and Coinbase came alive days ago that finally, Bitcoin is heading back to 10k, but instead Black Rock came along, and then SEC settles with Binance US...

See what I am trying to say? It's easier to miss the bottom in crypto.

Good for you mate, and as what others suggested you should have buy back and that's what you did. I also did DCA for quite some time and will continue to stack sats even after the block halving. In short just buy as much as we can, or as what our budget can afford.

And let this be a lessons for others though, even if we sell, there is still a chance for us to buy back. It might take some time though as we all know that DCA strategy could be tailor fit to your budget and strategy.

Such a pity we have to read such posts every Bitcoin cycle. I can't even count how many I have read since 2011. Thousands probably. You're not the first and definitely not the last person to get rekt.

Everyone has got the same story as OP. But you can change your own course and change the attitude of not wanting to buy at a higher price if you think that's the peak.

The reality is that the peak hasn't been reached yet. And that's why for those that are missing to buy or not doing DCA, you'll need to decide before it's actually too late.

There's no need to be worried or feel regret about buying now when you're decided that you'll stay here for the longest term of your life.

It doesn't happen to all holders. Dedicated holders know what's up. For example, did not sell my coins. Last time I sold anything was around 50k.
This is also true for the big players.
We all know how all in Microstrategy is. Have you noticed that in the recent SEC lawsuit against crypto, Microstrategy stock has not crashed? It's been on the same level for months.
7% of the company is owned by Blackrock, so they did not sell when they heard about the SEC lawsuit. On the contrary, they're doubling down, applying for a bitcoin ETF.
Saylor did not sell bitcoin, Shareholders did not sell his stock, they know what's coming!

Why shouldn't you buy bitcoin again? You made a mistake, we all make mistakes, the fact that you recognize you were wrong instead of blaming "the whales/the government/your neighbor" already is a good sign. But the worst mistake, in my opinion, would be forgetting about bitcoin. When you feel ready just buy again, you will have less BTC, we have all thrown money away, that's how life works, now you won't make the same mistake again.

The price market does not obey any laws. I've been in trading for more than ten years and I know what I'm talking about. No one knows where the price will go in a minute. The only way to predict the furthest course of the price is the support and resistance levels. As well as trend levels. But you can't rely on them, the market price passes through them quite often, but not more than 50 percent of the time.

Here is a screenshot of yesterday's Bitcoin growth with my graphical trend lines and levels. As you can see, the price is predictable. And now I think it will grow to 30k. And then it will drop to 18 or 8k.
https://telegra.ph/file/a3265f3afbfb5e32bce1c.jpg

When the cryptocurrency falls, you need to average the position. But I do not consider bitcoin for investment, because I do not have 1.000.000$
I try to find decent coins with a small capitalization. With luck, the amount of investment can increase by more than 100 times

Great opinion! If the price of bitcoin drops below $20,000 it will be a great time to buy altcoins

The OP already said that he has resumed DCA-ing Bitcoin again through 2023, and he is already in a slight profit. You may have missed his last reply in this thread:

Hello guys! Op here.. I continued my DCA and im glad i did! It wasn't easy and i worked lot of weekends but im happy now. Keeping my BTC in my hardware wallet was also best thing i've done for peaceful sleeping😃

My average is around 24k.

DCA rocks!

Its still kinda unbeliveable seeing BTC at 43k after eternity lol. Even though we can still crash 20-30%+ short term it would be a great opportunity to do some more DCA

Fast forward to today, 5th December 2023 (just a year later), Bitcoin has touched $40K and isn’t even looking like it’s resting. It’s been on the rise like something woke it up so badly. Well, I’m hoping that maybe, you eventually took the advice that some people gave you here on buying back while you still can, cause if you wanted to do that today, it’ll cost you a lot more (like 2x) what it would have costed back then.

Just to add to that, I’m not being pessimistic, but if Bitcoin can go all the way from its all time high of over $60k and get down to as low as the $18k (even lower) you saw, then it’s possible to happen again because that is a good example that volatility doesn’t care how high the price was.

You sold your bitcoin at the wrong time, but it's still not too bad because you made money and didn't lose. However, you shouldn't have been following all the news you saw because even now, as the price of bitcoin has risen more than #40 now, you would still feel bad about it because you sold it at the wrong time. Because of this, when it comes to investing, we shouldn't rush things instead, we should take our time and consider whether the decision we made was the right one, even though we have different options towards bitcoin. Since we are prepared for any outcome from an investment loss or gain why rush to sell when we are aware of the risks associated with bitcoin? If you hadn't sold, I think your profit would have been bigger by now. I think you would have learned from your experience, and those who are new to investing in bitcoins will still learn from you.

Indeed, when the market is bearish, many people are tense, sometimes few people want to buy because they are afraid that the price will fall even further, but the situation when the market is bearish is always used by people who are wise and not afraid of risk and in the end the person makes a profit. and you are one of the lucky people because you were still able to buy during the bearish market at that time but you sold it too cheaply and in the end you only got a small profit but what you did was very good, it's just that you didn't get a big profit and of course you will definitely regret it. your actions in the past, because surely you have now seen the price of BTC really high above $40k. and what people say on this forum is very true, namely that it is best to invest in BTC for the long term and only sell during bull runs, and BTC always forms new aths, but unfortunately many people don't believe it and I personally, after seeing the market, are now increasingly I believe that BTC has the potential to form a new ATH.

Continuing with DCA is of course a good solution as long as you are prepared for the risks, and storing Bitcoin in a hardware wallet is a good solution and guaranteed security because if you put it on an exchange it is of course potentially dangerous. It's no wonder you're rarely active on this forum, it turns out you're busy working outside, of course that's not a problem because sometimes I'm also busy with the outside world.

You buy BTC with an average of $ 24k, of course you will get a lot of profit if for example you sell now. Because the price of BTC is currently rising high.

Yes, now the price of BTC has reached more than $43k, even earlier it was more than $44k. I was also surprised but happy because I haven't sold my BTC.
Indeed, the best time for DCA is when there is a price drop.

Just before last bulls arrived in late 2020, I wanted to long BTC at 19k but at last moment changed my decision (even when I write this comment, it seems stupid decision, probably just hindsight) and shorted it, since that day btc went on to make $60k+, imagine my profits.

I regretted it, but what could be done?

That's where we all have to understand what long-term investment is. In long-term investments, we must be able to maintain the assets we own strongly. Don't let our mentality as investors immediately decline just by falling prices. Especially when talking about bitcoin which has the quality of price movements that are always directed. Of course, we as investors have to convince ourselves more, so that we have a stronger hold on Bitcoin.

My only regret was not buying even MORE bitcoin at 16k than I did. But I definitely caught the bottom through DCA, buying even more than usual at the time
because I sensed we were at or near the bottom. Fortunately for me I was right. But I didn't do it by guessing I did it by simple DCA and discipline.

At the time the price was dropping like a rock and there was a huge amount of FUD in the media, so I admit  that buying in that kind of environment
was not an easy thing to do, but I knew in my heart of hearts that it was the RIGHT thing to do--and I did it.

I was a big believer in Michael Saylor back then and still am. Saylor is the man who taught me to DCA and HODL, and never worry about the price action no matter what.

Forget ever trying to time market bottom or tops. Forget ever trying to predict the price--you just DCA and HODL. That is the only way to guarantee success.

You must control your emotions and discipline yourself. Don't let your emotions control you.

Don't ever short or long bitcoin. You might get lucky once or twice, but in the long run you WILL get wrecked. That I can guarantee you.

Anything is possible in crypto, we can't say that 17k will be the final bottom, not until September of 2024, after the Bitcoin halving, another bottom can still happen and might not be like 17k again, but you will still be able to buy at better price compare to this present value.

I hate following what everyone is doing and right now it seems everyone has turned bullish, and that's the danger right there, most times the unexpected always turn up and it will caught people by surprise, I am happy that I bought some good amount of Bitcoin at 17k but that doesn't mean the bear market is over.

Timing the bottom is the most stupid thing you can do in crypto space, you will never know what is coming, that's why its smarter to be prepared for any possibility, I am not bearish and I am not bullish either, I am staying right in between, to take advantage of any opportunities that present itself.

In your position why not have initiative to buy exactly you earned profit with selling Bitcoin around price $18,000 and several days later bitcoin dropped -3% until $15,000 and you have much fund from selling your bitcoin before. I know some people on afraid position exactly with bad news from CPI have many bad news and make some investors are selling their bitcoin in lower price. Looking for current bitcoin market price more drastically I think you was disappointed with your ideas have to sell bitcoin in $18,000 but you can take lesson for the future don't sell all out your fund but left few percent your bitcoin assets for holding.

If you have initiative to be long term holding don't afraid how drop drastically with bitcoin price and remember when bitcoin success raise all time high above $65k with potential always have new all time high price for bitcoin in the future.

I have been holding two BTC since 2018.  A month ago when the inflation data came out any CPI was too high I sold my BTC for $14,000.  Then I thought I made the right choice as the stocks went about -5% premarket and I thought both stocks and BTC were going to make a final capitulation, so we sold another BTC coin for $15,000.  Later it went down to within 12-13k in 2019Later this btc market everything is fine, after that its market increased about +7%.  I shouldn't have done it during the market.  I made a huge mistake and I now deny BTC coins at high core.  Because when I sold it it was up only +3% and another time I sold it at around +4%.  Now if I want to buy back this btc coin I need to invest 19.7KThe current btc coin market is very good so obviously we won't go back above or below btc coin 17K.  Now the market of BTC coins is hitting a lot.  So I understand this and hope you all do.

Whenever you do make yourself that too active on checking out news every now and then specially into those common or traditional stocks/forex events or whatsoever it would be correlated to this then you would really be likely on having that consideration on selling out your position. For sure OP isnt the only one who had made out such decision on shorting into those levels and there are tons but the only thing on what OP
did is that he made out some DCA. Wondering if he do still able to make up or accumulation when the price is still 40k? If we do see the price now then it is really that making new all time highs then you would
really be able to tell to yourself that you had made out the right choice. It is really just that there are people who are really that too negative or skeptical on purchasing Bitcoins or any coin
in the market whenever we do hit that extreme dump or crash in the market but well its just normal since we are really just that humans.

Regret is always in the end, but good thing you've made out some decisions on which you do know that it would be making out some comeback or u-turn of events on which you've been able to make profits
just because you've been able to take up the risks on DCA'ing when the market is really that in bear mode which not all would really be having the nerve or having the guts on doing so specially when the market is on extreme fear then no matter how veteran or old timer you are on this market but still it would be giving out that kind of emotion that wont really be that simple to contain or control.

Mistakes are natural but once you do able to gain up those learnings and experience towards those conditions then in next time then you would really be wary on what are the
actions you would really be making on next encounter.

Crypto comes with alot of responsibilities. The bear season is over, and those investors that made solid foundation will start reaping major profits because standing strong enough require good planning. Bitcoin keeps ranking #1 on the market and there's absolutely no pulling opposing projects, the ones we're acquainted doesn't match. Take proper time to invest in solid projects, these are developing. The opportunities of earning profits in the space, is straight. Shorting bitcoin is wise decision but it should be done with good techniques.

True, bitcoin will keep on increasing. Yes,  bitcoin can make a dip, but not to the point where those investors or people who want to invest in bitcoin want to buy it at a low price. I'm referring to those who want bitcoin to reach $20k or lower in order for them to buy many bitcoins at a low price. Little do they know that this price or this kind of dip will be impossible to happen at the current state and solid foundation of bitcoin. And it is also thanks for those OG's in bitcoin; if they don't have the mindset of making bitcoin the most powerful crypto currency, then bitcoin will never reach its current state right now. If the OG investors in bitcoin think only about earning, then bitcoin will lose its value because those investors will keep on selling their assets when bitcoin is reaching new heights, but that's not the case because solid investors care for bitcoin, not just for themselves.

There are more investors who are also thinking about how to get more profit, but they still haven't targeted it for the time being.
When Bitcoin reaches the new ATH at $70k it is still the first ATH deposit and there will be a higher ATH target.

We will see how the crypto market will start to be volatile with the rising price of Bitcoin and the Alt season that will occur.

This is no longer the time to buy, but the time to sell for those who want to take some of the profits.
A correction will certainly occur in the near future before the halving occurs next month.