How I handle crypto regret

[MintCondition]

Stop regretting the decision you made that turns to negative specially here in this kind of market because you cannot control this and if you just keep on thinking that way then you'd better keep yourself away from this. Yes we make bad decisions but it doesn't mean you stop from there just keep on learning and what ever decision you made don't regret it.

Learn from it, we can make a better decision next time through this, having experiences is a must to grew, I'd been regretting selling potential coins before that's whynI just do holding in the mean time.

[Genovese]

I just drink untill I can't think.


(just joking)

This would have been also my answert, but as it happens I can think also when I drink, no matter how much I drink. So I have to enjoy my crypto regret in all its glory.

[chocolah29]

Stop regretting the decision you made that turns to negative specially here in this kind of market because you cannot control this and if you just keep on thinking that way then you'd better keep yourself away from this. Yes we make bad decisions but it doesn't mean you stop from there just keep on learning and what ever decision you made don't regret it.

Learn from it, we can make a better decision next time through this, having experiences is a must to grew, I'd been regretting selling potential coins before that's whynI just do holding in the mean time.

For me it's a vise versa, I regret for holding too much to the point the value gets lesser the more I hold and there's no way to sell so I'll just wait it until then. Yes, regretting will just make you more depress so accept it and move on. The more you regret it the more you'll get miserable. So sometimes, I uninstall my blockfolio so there's nothing can remind me my losses.

[qwertyup23]

I just drink untill I can't think.


(just joking)

This is actually the best strategy, nothing that a good few gallons of beer can't solve  OP makes some really good points though, it's really important to take a step back at times and look at things from a holistic point of view, yes you could be much better off if you were god and you knew exactly what was going to happen, but you are not so you just have to do your best and if that leads to a profit then you can be very happy with that. This does not mean we should not be self critical and aim to learn and improve, it just means that it should stop short of chastising oneself.

Every individual has their own way to cope with their losses. Whether it may be by drinking beer, gambling, weeping, etc. all of us have their own unique sense of coping and if it works, then why stop? Due to our losses, it now creates this connotation wherein people should avoid doing their past mistakes that led to the failure of their investments.
Personally, I read investment books or walk on a Sunday afternoon in order to mitigate the pain caused by my failed investment strategies. Well like what they say, what does not kill you makes you stronger!

I just accept that I made a mistake, and move on. There is no point in dwelling on something that you cannot change. I accept the truth, learn from it, do better the next time. That is how you improve. If you keep regretting, you just lost time and focus, not very good in trading.

All of us need time in order to cope for our losses, especially when we're talking about large amounts of investments wasted due to negligence or being irresponsible. You may be right that everyone of us needs to move on but let time do the work in order for us to move-on completely.

[gawer33]

for a guy whose FA sucks my motto is like this if I did not put money on it, it's not for me. no regrets if I thinking like this. over thinking makes you lose more just skip it and do your strategy

[Nerman]

I have no regrets on my trade, I just follow my rules if it reach my target price then sell it if it reach the stop loss then sell it. That is how it should be, it does not matter if the price continue on rising you can always go back and buy again if you think the coins will still rise.

Just be logical and keep your emotions in check that is one of the formula to be a successful trader.

[trecore4]

Great, I never thought people think in such deep strategies to relax themselves from the loss that they have incurred from the bitcoin investment.

I usually just ignore my losses because I have come to know that it's meaningless to cry on something which you already know could get you into trouble. Obviously this is something that's always risky, the whole crypto is standing on the virtue of belife and nothing else. It could crash at anytime so it's better to stay calm in such situation and let the time pass!

[Altcoindealer]

Regret stuff cant make it unhappend. So you can learn from your failiure. But thinking about it the whole time will not change anything on your decision. So i think in cryptotrading its important to learn that. Almost every coin i sold, i could get more profit when i sold it to another time. But thats the life. So you have to keep on goin instead of regretting everything you do. Learn from it and try it to make it better the next time, or just keep holding!

[Leonard2016]

I mostly regret for the things that I should have done more than for the things i shouldn't have done , so I'd rather to take risks , but not too much risks like gambling , at least i regret less in that way!

[Beparanf]

I mostly regret for the things that I should have done more than for the things i shouldn't have done , so I'd rather to take risks , but not too much risks like gambling , at least i regret less in that way!

Since we have a chance to cash out that coin or buys another coin unlike in gambling, that we will just wait for our bet and hope to win, but sometimes there are really fun in gambling. I try to be smarter now and consistent on my study on such coin whenever I aim to just hold in allowing specific time and ranging some value if ever reached.

[Harlot]

I too always feel regret not on losing gains but for selling early or sometimes in a loss opportunity to buy. But that is when I realize that what I am feeling is greediness. Not being able to be satisfied on the gains I am having and the buy orders I thought was good makes me feel regret. But then this feeling of greediness makes me have wrong decisions that will often lead to losses. That is why I now always think of being satisfied in what I am having.

[haroldtee]

I just drink untill I can't think.


(just joking)

This would have been also my answert, but as it happens I can think also when I drink, no matter how much I drink. So I have to enjoy my crypto regret in all its glory.

Lol. One thing about drinking anyway is you will still at some point get sober, come back to face the reality and still enter that world of regret if you still want to, and then, you are back to square one.

However, I have always have this mindset that regret would not change a thing as we cannot change the past but can only amend the future by learning from the things we did wrongly and that is what makes us better. At least, that will even give you an edge over others that are just starting to gain the experience afresh.

[Fatunad]

I just drink untill I can't think.


(just joking)

This would have been also my answert, but as it happens I can think also when I drink, no matter how much I drink. So I have to enjoy my crypto regret in all its glory.

Lol. One thing about drinking anyway is you will still at some point get sober, come back to face the reality and still enter that world of regret if you still want to, and then, you are back to square one.

However, I have always have this mindset that regret would not change a thing as we cannot change the past but can only amend the future by learning from the things we did wrongly and that is what makes us better. At least, that will even give you an edge over others that are just starting to gain the experience afresh.

Drinking up wont really solve up problem but somehow would ease the pain or stress momentarily but same as you said once its done it cant really turned back which we would really face the reality after we drink.We cant avoid it thats why some people do drink just to ease the pain. Handling our regrets can be hard but it just depends on how sensible we are if we do accept our mistakes and learned from those things and we might able to avoid it in next time encounter.

[davidroux]

to handle cryto regret, i think you should learn how to control your emotions, forget how much money you lost or you won, and try to focus your next decisions. losing money is a part of your trading

[Expert3]

We all commit mistakes. Enough, we need to learn and make sure not that to happen again is our job. This mistake of yours would help you get better in the future and this experience would make you tougher and wiser. Cheer up, good things would happen because you are not alone who commit those mistakes, even I stumble hard, harder than yours.

[isetter]

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.

You do not need to regret it. The crypto market has plenty of opportunities for you to succeed. So wait and choose the altcoin when prices are very low. I believe that you will succeed

[rickadone]

Stop regretting the decision you made that turns to negative specially here in this kind of market because you cannot control this and if you just keep on thinking that way then you'd better keep yourself away from this. Yes we make bad decisions but it doesn't mean you stop from there just keep on learning and what ever decision you made don't regret it.

Learn from it, we can make a better decision next time through this, having experiences is a must to grew, I'd been regretting selling potential coins before that's whynI just do holding in the mean time.

What people have never realized for one is that regret will never change the situation but trying to re-strategize and see how you can make it better next time or learn from your previous mistakes is always the best way. Yeah, there may be sometimes you wish you had done things right or better but those are the ways you learn by realizing those mistakes. The reason why a lot of old members do not think the way every newbie thinks is because they have all been there and they have learned from it.

[beerlover]

I have no regrets on my trade, I just follow my rules if it reach my target price then sell it if it reach the stop loss then sell it. That is how it should be, it does not matter if the price continue on rising you can always go back and buy again if you think the coins will still rise.

Just be logical and keep your emotions in check that is one of the formula to be a successful trader.

As long as none of us can even see the future anyway, the most important thing is to always accept the outcome. Wishing we did something differently will absolutely not change what has been done, but as long as we are at least learning from it and we could not have done it better than we did it, then we just accept whatever has come and move on.

One thing as a trader is never to assume you can get it right 100%, give room for errors as long as you are still making profit, otherwise, you will end up overworking your emotions.

[ajdaj]

We all commit mistakes. Enough, we need to learn and make sure not that to happen again is our job. This mistake of yours would help you get better in the future and this experience would make you tougher and wiser. Cheer up, good things would happen because you are not alone who commit those mistakes, even I stumble hard, harder than yours.

I do not think that we should regret our mistakes, because every normal person learns from his mistakes, not from others. It just wants to pay attention to other people's mistakes, but they will not teach you anything .

[Omega Weapon]

The first point of the OP is critical if you take the time to see the amount of money that you could have made if you invested in something else then you'll find the differences are incredible, it doesn't matter if you invested in stocks, bonds, gold, silver or even real estate there is nothing compared to the profits that you got with bitcoin without doing anything, even at this point with the price so low my profits are great, that is why I do not have any regrets.