That's why people warn others to not sell any bitcoins unless it is your final move.
Many noobs sold their coins when the price was 1-2k. That's not really bad actually... if you bought many when it was $100 or below. After having X10 returns why would anyone complain? But that's not the case with these nocoiners/shitcoiners.
They either bought too little or they couldn't wait long enough. Maybe they doubled or tripled their $1k to 2-3k. And that's it. That's why they are so bitter now.
They had the chance to hodl till $20k but they fucked it up. I had some of their problems too. It is a combination of overinvesting, not having complete trust in the asset you are investing, listening to FUDders etc. All of these can cause fear if you don't know what you are doing.*
It is pretty easy to lose your focus and lost the sight of the bigger more important picture. Thanks god I started to gain my vision in 2016 and it didn't really happen in one day. It was a damn slow process for me.
*Here is a cheatsheet: If you can sleep tight (I mean if it doesn't bother you) at night, you are doing it right.
All they need to do now is to forget the past and replan their investment strategy (like I did in the past) but they are refusing this because they are both (unnecessarily) proud and dumb at the same time.
I sold all when it was $1k. Got my main stash after $2k. I sold high, bought even higher. And still winning.
It seems that a lot of forum members (or at least WO readers) should be able to profit from hearing your renditions, and even see that persistence in learning and attempting to put your learning to practice (like you seem to be doing on an ongoing basis) will tend to pay off, especially in the longer term (even if there are a decent number of mistakes along the way).
It can be quite tough to categorize differences between no coiners, pre-coiners and previous coiners (who are currently no coiners) who are going to join into BTC again.
Surely, like you mentioned, mindrust, there are likely a BIG ass number of example of people who got into bitcoin and then got out after making sufficiently decent profits, and then they want to get back in, but the BTC price never ends up going back down below the price of one of their earlier sales.
Therefore, they end up kind of mentally handicapping themselves because they continue to wait for the BTC price to come back down below their previous selling (and making profits) price.
I personally believe that one of the best solutions to this mentally handicapping tendency is to engage in a BTC strategy that causes you to never sell all of your coins, no matter what, even if you believe that there is a likely blow off top going on. Even if you end up selling 50% or 80% or some other seemingly high percentage of your BTC holdings, you also hang onto a decent amount of BTC at all times, so that you always have some skin in the BTC game.
But, like you mentioned, part of the problem that a large number of people have is a certain amount of lack of confidence in the fundamentals of the underlying asset (in this case bitcoin) that causes them to value their wealth in dollars rather than bitcoin, and therefore, they end up either 1) selling too much too early or 2) they get all worked up because they could have made more money if they would have sold more BTC at a higher price (during a seemingly prolonged BTC downfall period).
Sometimes, I have some difficulties understanding the ladder (2) perspective by people who get so fucking concerned about their not having had maximized their profits in their BTC because of BTC price volatility, even if they might have sold a pretty decent chunk of their BTC at a higher price than the current price, but they are so worried that they could have made more and their wealth in dollars is going down because they continue to hold a decent stash of bitcoins. Many of us still have to go through the suffering of this number 2 situation, and even some of us long term WO BTC HODLers express some of our frustration when our dollar wealth is going down because the BTC price continues to correct way beyond even our most extreme expectations
(for longer and lower).
Another seeming solution to the psychological issues that we get from perspective (2) seems to have historically been solved in bitcoinlandia with the passage of time in which guys (and gal) have been able to employ a mostly HODL BTC and BTC accumulate strategy which causes them to have gone through more and more up/down cycles, which in the end, causes them to having had built a decent amount of dollar equity in their bitcoin holdings, and therefore having had built more confidence that the BTC price is only likely to fall so far in order to erode into such equity cushion that has build-up through the passage of time of a sufficient amount of time (likely 3.5 years or more, but if you double such 3.5 years to 7 years
(I probably should not even be talking about 7 years, because I have only been in bitcoin for 6 years myself, and of course we know bitcoin has really only been in existence for less than 11 years and only with a meaningful price for less than 9 years - even if we are being charitable towards its price existence timeline), then such equity cushion seems even more likely to have become sufficiently large to ensure such a psychological comfort level).
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