How I handle crypto regret

[traderethereum]

There's a famous phrase that bitcoin is the biggest regret. That's right, whatever we do, there's no escape. That's why we have to make our own decisions and take the consequences. I hope everyone gets what they expect.

due to greed, high expectations but not dare to risk. So regretted him, but never regretted the past. We can not predict exactly the future market trend, please moderate yourself. Do not over-expect them to regret it.

greedy is the one thing that we need to prevent in any field and not just in the crypto only because once we are being greedy then we don't know how much money that is enough for us. we still want to chase more money without doing analyze and we are risking our money to expect to get a big money. we need to avoid this if we want to be safe in the crypto because we can use our patient to control this so we can prevent from getting lost.

[BlueStackz]

I would just try to remember that I loose a thousand opportunities everyday, and so this is okay. I cannot handle all of them.

Well in this case I think being thankful to what you have got is best thing. You can’t just deny the supreme power of god who had written best in your regard. So you have to put hundred and one percent in the field and leave rest over god. He will be taking care of your effort and bless you with enormous results that would be suitable for us as per situation and our betterment.

[Omega Weapon]

People regret today for not buying BTC when it was 100 dollars. I regret of not buying BTC last year when it was 1000 USD and if things continued that way I bet people in coming years will regret of not buying BTC when it was 10,000 USD. We should look forward rather than regretting what we haven't done, as life is full of opportunities.

Exactly everyone regrets the chances that they miss out due to their own mistakes, for example I cannot regret not buying bitcoin at one dollar because at that point I didn't even knew that bitcoin existed, but like many here I regret not getting into the market sooner, the first time that I heard about bitcoin it was trading at a price close to 250 and I will always wonder what would have happen if I actually took the opportunity to buy bitcoin at that cheap price.

[dewi91]

don't be too focus on the mistake that you are Made but you should focus how to Made that mistake as a lesson. Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

[wuvdoll]

I would just try to remember that I loose a thousand opportunities everyday, and so this is okay. I cannot handle all of them.

Some people do worry themselves on issues that doesn’t even make sense. You can see a newbie that joined in 2017 regretting why they didn’t buy when it was sold at the rate $1 or so in 2009. That’s just the worst stupidity. If you’re worried about that, then it’d best to fly yourself back to 2009 and do that. If you make mistake, you have made it and there is nothing you can do about it than taking correction. That’s why it’s always good to read and know from other people’s experience so you don’t also make the same mistake.

Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

Yes, handling crypto related mistakes does not require any special skill as it should be handled how we do with most of our life's other mistakes. Learning a lesson and from that knowledge avoiding same mistakes are always effective for handling any regrets.

[dogz12]

Regret is an inevitable state of mind in crypto at one point or another:-

why didn't I buy that coin when it was $0.50?
why did I sell this coin early?
why didn't I take profits on the way up, only to see the value fall 50% in a market crash? (a lot of us in the last crash!)
why didn't I buy the dip?
why did I FOMO and buy at the ATH and now I'm holding an unrealised loss?
why didn't I buy more of this coin?
We're all going to make "mistakes" that lead to a feeling of regret and self-admonishment.

I have a couple of strategies here to help me dampen the feeling of regret.

1. I have to realise that regret is largely based on a "maximalist"/perfectionist mindset, which is both unrealistic and unhealthy. We are attached to the notion of maximising profits. But what would that involve? It would involve being the perfect, machine-like investor. Always buying low, selling at an ATH, taking profits at the perfect time. It's an impossible standard to live up to.

If I make a profit, I compare my profits to the stock market. If you do THAT, realise you're likely "killing it" even with a "modest" 100% gain (it's ridiculous even to put "modest" here). If you can make a 10% gain a YEAR in the stock market, that's considered a success.

Also realise that the maximalist attitude is largely shaped around only hearing one side of the story of other people's trades. People boast when they're winning, and they're quiet when they're losing. Therefore, you can start to think that everyone's doing incredibly well.

2. I can only compare myself to the other me who didn't get into cryptos at all. That's your baseline to compare to. There really is no other baseline. It's damaging and outright delusional to compare yourself to the "perfect you" that always bought at the exact bottom and sold at the exact top. That you does not exist. It's a damaging fantasy that always leads to you beating yourself up about not making the most optimal decision at each and every turn. Cryptos can quickly lose its fun if you think along those lines.

Are you in profit (as in cashed out your initial investment + profits in fiat)? Then you're winning - you're doing better than the other you that didn't bother with cryptos. Congratulations. You should extinguish any regret, and actually feel contentment at your achievement. Forget the "what ifs?" - you made a decision that has made you better off financially and you've learned a fair amount along the way.

Are you holding an unrealised loss? Then know that it's unrealised and while that can be stressful, you're doing well to hold on and you can be proud that you haven't sold yet. It won't fix the regret so easily, but you have the hope your unrealised loss can turn into a realised profit.

Are you actually making a realised loss in cryptos? Of course, this is the hardest situation of all. All you can do is see it as a lesson you paid for. Nothing is without value, and you will have learned something along the way. You gave something a try, and financially it didn't work out. You may not be out of the game, so you could be in profit in a few days or weeks' time. Or maybe you've just had enough. Fair play. Know that you're actually in a big group of people. Lots of people have faced your situation and come out the other side OK. I lost a fair amount of money in Forex a few years ago. I felt crap for a while, then I stopped feeling crap. Luckily, life moves on. Actually, without that experience with Forex, I doubt I would have found any interest in cryptos - and I have profited from cryptos much more than my Forex losses - so there is that. Plus, cryptos are a LOT more fun than Forex.

I know that everything above is purely based on financial regret, and the counterargument is that "there's more to cryptos than just making a profit" - but when it comes to regret, it's almost always about money.

A gain is a gain no matter how small it may be. Better to gain something than to lose something. Learn how to be contented of how much you gained and do away with greed.

[yndye]

don't be too focus on the mistake that you are Made but you should focus how to Made that mistake as a lesson. Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

Good advice mate. The problem with some people is that they do not make their mistakes as lesson but instead they do it again and blame other people why they are losing. Instead of changing themselves for the better, they would just turn to other people and blame others who are manipulating the market. We know that the market is full of manipulation but if we can have a strategy and be expert with it then we can eventually counter those problems in the market and make the odds in our favor.

[devollito]

I handle my crypto regret buy seeing there are always a chance and i will never miss it again. I did some reseacrh which people dont know how to do it then buying that coin. And i will never looked back again to that coin. If i think it is still possible to get in i will getting in on that coin as fast as i can and trying to stick to my plan.

[Omega Weapon]

don't be too focus on the mistake that you are Made but you should focus how to Made that mistake as a lesson. Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

Good advice mate. The problem with some people is that they do not make their mistakes as lesson but instead they do it again and blame other people why they are losing. Instead of changing themselves for the better, they would just turn to other people and blame others who are manipulating the market. We know that the market is full of manipulation but if we can have a strategy and be expert with it then we can eventually counter those problems in the market and make the odds in our favor.

This happens not only cryptocurrencies but in everything else, people instead of taking responsibility for their mistakes and trying to learn from them they always try to find an excuse or someone else to blame and when you do that there is not a possibility of personal growth anymore, this is why you see those people making the same mistakes over and over again.

[carlfebz2]

don't be too focus on the mistake that you are Made but you should focus how to Made that mistake as a lesson. Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

Good advice mate. The problem with some people is that they do not make their mistakes as lesson but instead they do it again and blame other people why they are losing. Instead of changing themselves for the better, they would just turn to other people and blame others who are manipulating the market. We know that the market is full of manipulation but if we can have a strategy and be expert with it then we can eventually counter those problems in the market and make the odds in our favor.

This happens not only cryptocurrencies but in everything else, people instead of taking responsibility for their mistakes and trying to learn from them they always try to find an excuse or someone else to blame and when you do that there is not a possibility of personal growth anymore, this is why you see those people making the same mistakes over and over again.

You wont really able to move on if you do let yourself stuck into that situation where you do blame others or do stress yourself too much on reminding on your past mistakes. We should stand up and move on if we do like to proceed and learn up into those mistakes. Its really an unavoidable thing and in able for you to learn or progress then you should step up from those mistakes and learn from it so that on next encounter you are already aware on the things that you must do. Handling it might not be easy but an individual can really surpass anything if he do fixed his decisions.

[Johnyjay]

Alright, this is really helpful. I sometimes have silly regrets but yes, I prefer the "me" who got into crypto.

[Elseye]

I think it deals with the basics of psychology and it's not very different from coping with regret in general; try to fix that point.

[nelson4lov]

That's the human nature and regret is part of it. It's not bad to get emotional when you missed an opportunity that would have been beneficial. But What's gone is gone. The right direction would be to going forward and making progress. I've picked up some useful life lessons while in crypto... One of which is the fact that you simply can't win all. You've to lose some and win some. There are always diverse pools of opportunities to replace the ones lost.

[Qunetick]

I handle my crypto regret buy seeing there are always a chance and i will never miss it again. I did some reseacrh which people dont know how to do it then buying that coin. And i will never looked back again to that coin. If i think it is still possible to get in i will getting in on that coin as fast as i can and trying to stick to my plan.

That's a great principle to do, so if you think the right ways to control yourself just stay with that feelings. Sometime we are overpowered by our own instinc and its the number one cause of regrets. If it happens to you its better to move on rather than staying with those frustration you had, because if you learned how to survive the future might not be so bad for you if ever you've gain enough knowledge on how to be strong so you'll be more productive in the next moves.

[mistajackson]

thats the typical trader mentality thats why 90% of people lose money on any type of market lol

[Kunlejoe0]

Regret especially in cryptocurrency trading is not needed at all! It is unnecessary waste of time and emotion. It is absolute pointless to worry about what is done. Regret only drain your energy and makes you to doubt yourself!

[slashz9]

well your suggestion can be appreciated, it is true we always compare ourselves with others, like me nothing compared to him or I am more powerful with him, even though even expert traders never lose in trading, or when someone posted his profit when trading, believe me they do not really always wins.
they show only good things, logic alone can not show others his weak side / defeat to others.
yes so yourself do not be influenced by others, you have become a reliable trader if you have made a profit from every transaction that you do.

[chocolaty]

You don't have to regret too much because you are just human. You make mistakes. It is extremely difficult to decide and take risks because things are uncertain. The outcomes may be not what we predict they will be. Don't dwell on your past, instead try to make those experiences your strength to take risk right now.

[traderethereum]

You don't have to regret too much because you are just human. You make mistakes. It is extremely difficult to decide and take risks because things are uncertain. The outcomes may be not what we predict they will be. Don't dwell on your past, instead try to make those experiences your strength to take risk right now.

and if we cannot forget our mistake, we cannot grow to be a better person, I think every people made a mistake but it depends on how they can accept their mistake and decide to continue their life without regret. this person will have time to rise again and will be a better person and he will be a wise person and he can solve the problem in his future. so we need to receive what we have done and we need to say that we don't want to make the same mistake in the future.

[777Jolami]

don't be too focus on the mistake that you are Made but you should focus how to Made that mistake as a lesson. Made a mistake is normal because we are human. If you feel regret about it, you should be able to improve your skill and knowledge, so you can avoid to make the same mistake.

Once determined to see that mistake is a lesson learned for myself. So expect to forget that regret. I know this is hard for us to forget, but regret will not save the situation. I've had this problem, but time will erase that regret.