How I handle crypto regret

[changxia]

personal opinion
I think that when we are ready to buy cryptocurrencies, we need the courage and perseverance, rather than hesitating, we need to learn to observe the current coins in the long run, instead of just paying attention to the immediate profits!

[Ucy]

Good writeup.
I do not regret my trades and other should not either.

Never regret your trades... learn from them instead. If you have learned something worthwhile you will avoid repeating thesame mistakes.. .If you don't you will keep repeating the mistakes.

I tend to ignore a coin completely and move to another one once it is sold, to avoid the regrets when it start moving up. I don't care whether it gains x4 after selling it.

[liseff3]

If your age's still young, spend your failures and regrets (but you should not be too far away) let them be the introductory provision for a better life. In crypto trading everything will be complicated rather than investment because there are too many theories and strategies that we must understand first.

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.

Because money is the basis of all the stories that you, me and others have.

[Daniel9140]

I usually do not want to allow my regrets to weigh me down. When I want to feel regret, I tend to push it off my mind. I have a proven strategy I use for my investments and trade. I do not allow negatively to weigh me down. I think about it a little and move on to the next good thing

[prihojantsev]

Actually, when you attach a big importance to money, thoughts about missed opportunities can drive you crazy. The best way is to think how to find out all important information as early as it possible and make every effort for studying as much as you can.

[Theldal]

Ah regret.... always regret.
You try to learn from your mistakes and move on... Perhaps you can take solice in the fact that a lot us have made mistakes but as long as the mistake was not fatal we can always move on.
But yeah regret sucks.

[bankarpit]

There is nothing to regret. You just learned something , yes you have lost some amount but you are more prepare than others who just think to enter into this field. At least now you understand and know what are the things you must keep in mind before investing.

[semutracing]

actually always remembering the mistakes that you made will make you more sorry and will make you move away from the crypto currency, my advice make that mistake as a valuable lesson

[@Mhaiang]

Focusing on regrets means you can not simply move on and find a better way of making a good decision that would not lead to regrets again. Regret comes after a wrong decision which also means that wrong decision can lead you to become a better person in the future from what you will learn out of it.

[traderethereum]

actually always remembering the mistakes that you made will make you more sorry and will make you move away from the crypto currency, my advice make that mistake as a valuable lesson

yes, although it is difficult, at least, you need to try to forget the mistake and try to not do the same mistake. I am sure that by learning more in trading or another thing, you can slowly recover your loss and you can replace your regret with the happiness that you can make in the future. besides of learning, you need to learn to accept the regret and always remember that you still have another day to make a profit. with doing this, I think you can learn from the mistake and will not regret if you are getting the loss.

[mornabo]

Forget about it and do not think too much about those projects. In my opinion, do not think about the past, forget about what happened to us, so you will succeed.

Almost all the bad luck is actually as result of your mistakes and faults so you have to focus on where you did the mistake. If you learnt not to repeat your mistakes then everything will become fine for you and you will be on the way to get profit. Always buy in low market so that you will not face with any kind of loss later after buying it and it will be only profit when you sell in bull market.

Precisely the losses and failures that you get are valuable experiences that will make you even more intense in crypto trading or investment,
do not regret what has happened because we did not live in the past, the important thing is to move on and focus on your future and your plans

[Distinctin]

Forget about it and do not think too much about those projects. In my opinion, do not think about the past, forget about what happened to us, so you will succeed.

Almost all the bad luck is actually as result of your mistakes and faults so you have to focus on where you did the mistake. If you learnt not to repeat your mistakes then everything will become fine for you and you will be on the way to get profit. Always buy in low market so that you will not face with any kind of loss later after buying it and it will be only profit when you sell in bull market.

Precisely the losses and failures that you get are valuable experiences that will make you even more intense in crypto trading or investment,
do not regret what has happened because we did not live in the past, the important thing is to move on and focus on your future and your plans

That is a very inspiring words, in trading or investing there is always a possibility to fail, but if we learn from our mistakes we have a chance
to be successful in the long run. It's not gonna be an easy journey but if you put your passion and you will remain objective, you will be able to do
a good strategy without using your emotion which is the hindrance to success. Regret is normal but move on to focus on your goal.

[darewaller]

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.

I have grown past regretting things like this, there are things that are worth regretting and not this one. I wasn’t aware of Bitcoin and nobody told me about it as of the time it was new and cheap and that’s also in the past, so why would I be killing myself over that.

And by the way, none of the people then knew that Bitcoin would the current it’s at now, and I’m very sure that none of them saved up from then till now, if there is, it will only be a few.

[jackylion]

You should forget about them, because if you do not forget, you will not be able to become more successful, in my opinion we should analyze the coin before making the decision to sell them, and when selling do not see price them any more.

[hanapre]

Yes, I have gone through the same situation several times so that I can understand concerns but you have to understand the fact that you can't do anything now, but there is always room for growth and correcting mistakes. Don't think too much about it and remember that better opportunities will come. Cryptocurrancy has just begun and will be better in the future.

[Luckym7]

At the moment many people work in this cryptocurrency market. There are several people creating several strategy for making money in his trading section. Always same strategy not work properly so people day by day change his strategy for earning. Who are very talent in this online industry those people already make a million million dollar if you think why you can't do that because most of the people don't have a patient and don't analyse cryptocurrency market in this region people don't make a profit in cryptocurrency. If you want to make a some profit with cryptocurrency market you should make a better knowledge about cryptocurrency.

[Itcher]

if you have a strategy for achieving goals and passion for it, then there should be no different doubts about whether you did the right thing or not

[CryptoSparks]

Someone smart said
Happiness Equals Reality Minus Expectations

[iwah]

great article you have there, took my time to read through, well for me the way i have to handle my own regret is that, I always invest what i can afford to lose, I don't normally invest any money that when it got lose, I will regret, I think that has been my strategy,

[richmcrich]

actually always remembering the mistakes that you made will make you more sorry and will make you move away from the crypto currency, my advice make that mistake as a valuable lesson

People need to know that they should rather learn from the mistakes they have been making in the crypto market and should not make it part of lives. Win and loss is part of the game.

Every time you make a mistake in the market, you should learn from it and work on your weak areas to see how can you improve. An improvement in your performance is the only thing that can minimize your regret. Besides, there is nothing you can rely on to make money.