How I handle crypto regret

[seramania]

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.

if compared to gold, silver or real estate in cryptocurrency we can get bigger profit. but we must be smart to process cryptocurrency in the future and maybe now is a good time to get bigger profit.

[GoldenLad]

OP, you have very good points. I made a similar mistake during the beginning era of my bitcoin . And I really regretted the out come . I don't not invested when I should and I kept on procatinating. I was really surprised when the price of bitcoin statered higher and I couldn't afford the biggger price them. The thing is if you want to purchase any coin and have interest in iit .its better to do it quickly.

[krauzzer02]

That's why we need to dig in with the research for the potential of specific coins, I regretted one thing and that is I did not meet cryptocurrency earlier, some people tend to listen to others choice and opinion although the technology is something new and those people don't have the initial knowledge and understanding of the specific technology like the Internet or some stock markets when they are starting, criticism jump to conclusion that they will fail and those are scams but hey where are those people now? they are attacking bitcoin for the same principles and reasonings yet they fail to acknowledge the innovation, the risk is also there but it will lessen if you are going to make a proper exploration and analysis.

[moshk555]

Better is to learn each and everything again and do proper trading and control you greed if you want to recover your loss because of most of the time people lose here because of greed.

[Whosdaddy]

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.

Those who drink their way through what has happened to run away from the present moment always end up coming back to it. Even though it was just a joke by Moonisblue, the truth is that in real life, some people still do that. It is always better to ask yourself what you did wrong and work on that thing or improve yourself for next time.

Market generally brings a lot of opportunities even though the past is gone, but the future is still in play and if you do not learn from now, how can anyone manage the future?

[BarbusseH]

The abbreviation FoMO, which means Fear of Missing Out - a state of anxiety about the inability to experience positive experience, accessible to others.

How to fight:
Consciously do not pay attention to the new opportunities that open up and create a subjective feeling that in reality there are not so many of them.
Convince yourself that others use no more opportunities than we do, but only create the appearance of this in social networks and in other ways. By the way, sometimes this assumption is not far from the truth.

[Dudeperfect]

I have gone through the same situation multiple times so I can understand your concern but we must understand the fact that we can not do anything about it now but there is always a room for growth and correcting mistakes so we can use that regret and lesson from that experience for our current as well as future trades and it will surely help us to do better in those trades. The only viable solution of coming out of that regret is replacing it with a high amount of satisfaction.

[bitgolden]

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.

That is the point OP is trying to pass across. Stop regretting, but find ways you can make things better next time. Rather than just regretting for instance in your case, you can go learn how to trade effectively and see how you can take advantage of future opportunities to not just hold but increase your position from the fluctuations in the market. Shit happens, but we always just have to live with it and do things better next time.

[Ctn]

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.

if compared to gold, silver or real estate in cryptocurrency we can get bigger profit. but we must be smart to process cryptocurrency in the future and maybe now is a good time to get bigger profit.

Why does that even matter here, I mean I am referring to the guy who is talking about the gold and silver and shit like that. BTC is completely different thing and it works on the principle of blockchain and not the gold or silver. The crypto market is completely different thing, it has different agendas and also different work mechanism. So there growth will be independent as well.

For the OP I am sure you can get hold of it as you pass more time here and see how these things are really common to the crypto holders. If you just give it little more time then you will surpass everything here.

[Tamilson]

I'll just think that I'm not the only one here that suffer losses and it's all usual for every trader to experience this. Though that really frustrates me at first but eventually after experiencing such losses I become numb and quite know how the market works.
One time, I uninstall my blockfolio so I won't see how much did I actually loss and that will lessen my burden.

[Weawant]

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.

That is the point OP is trying to pass across. Stop regretting, but find ways you can make things better next time. Rather than just regretting for instance in your case, you can go learn how to trade effectively and see how you can take advantage of future opportunities to not just hold but increase your position from the fluctuations in the market. Shit happens, but we always just have to live with it and do things better next time.

Provably right since we really don't know on what will happen on it so its better not to regret on our action made since there are always next time with this kind of thing and aslong as we didn't loss then we should still threat it as better opportunity and learning basis so that we may have a proper knowledge on how to act correctly with certain movements with our crypto trades.

[Pasnik]

Better is to learn each and everything again and do proper trading and control you greed if you want to recover your loss because of most of the time people lose here because of greed.

Greed is really the problem during trading that resulted into losing of our money. We always regret afterwards so when we had a mistakes during trading their is always room for improvement the next time m. Always calm, analyze the situation on how you can win this trading.

[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.

if compared to gold, silver or real estate in cryptocurrency we can get bigger profit. but we must be smart to process cryptocurrency in the future and maybe now is a good time to get bigger profit.

Why does that even matter here, I mean I am referring to the guy who is talking about the gold and silver and shit like that. BTC is completely different thing and it works on the principle of blockchain and not the gold or silver. The crypto market is completely different thing, it has different agendas and also different work mechanism. So there growth will be independent as well.

For the OP I am sure you can get hold of it as you pass more time here and see how these things are really common to the crypto holders. If you just give it little more time then you will surpass everything here.

If you mean me, the opener talks about comparing the gains of cryptocurrencies with the gains that you can get in stocks, I just went a little further and began to compare to other types of investments and when you see that it's very easy to see that cryptocurrencies are the best investment that you could make, that is why I do not regret investing in them.

[gabbie2010]

I don't have any cause to regret whatever actions I have taken as far as selling my cryptos is concerned whatever my instinct tells me to do when l feel like selling off I don't hesitate of course I have a firm belief that there are better opportunities ahead well this a personal opinion.

[Kim Ji Won]

I don't have any cause to regret whatever actions I have taken as far as selling my cryptos is concerned whatever my instinct tells me to do when l feel like selling off I don't hesitate of course I have a firm belief that there are better opportunities ahead well this a personal opinion.

I ought to disagree with you. It's hard to believe that you don't feel any regret on your crypto decisions, you should have felt it at some point and you just don't wanna admit it because of your pride maybe. It is inevitable to feel those emotions especially if something that could bring you fortune end up earning a dime because of wrong instincts. I too have my fair share of experiences so I can say.

[Birdiebig]

In my opinion, you should not be pessimistic about yourself because the decisions are not effective. Because no one can judge exactly what the future may be, even if they have the most experience. In the crypto market, every decision can bring success or regret in a very short moment. You should be optimistic for that. I myself regret that I did not have the patience to make a break when the profits were bigger. Practical business is like in life.

[cheezcarls]

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 did regret two things. The first thing is that I never bought during the dip. While the bearish market commenced last January up to early April, I never considered the dip as an opportunity. It is something I should change for myself while I am learning about the different bear and bull cycles. Now I regretted it because the prices are now on the way up again.

The second thing that I regretted is that I was too dependent from the crowd during the bull run rather than deciding for myself. I remembered that one of my strongest holdings, Datum, was worth more than $1,400 in my portfolio, but I only cashed out $400 with $1,000 in losses. If I did not depend with the crowd, I could have made a nice amount of money like my Trade.io.

Anyways, I will wait until the market recovers again as good signs are coming now.

[BLAST2MARS]

I know that in the end I still made abundant gains but what makes me feel regret is when I remind myself of my goal. I'm an adult now and my life isn't that happy and I know that having a lot of money would change that.

[RenBct]

That's life, it's completely normal and you should know what is a good investment which btc isn't that known and trusted in that days around 0.5 usd.

[13abyknight]

-snip-

Be very decisive with your calls and make sure you don't look at the markets you missed out on during this period and focus on what is at hand. After all, it is not that hard to make the right calls in a surging/dipping market.
Also, remember to be ready to enjoy/suffer the consequences of your own action and do not take decision making lightly or hastily.