Every time I sell Bitcoin pumps... Has BTC been good or bad for You???

[Nalbo]

Bitcoin has been good for me. But I seem to have not utilized the profit I got from holding bitcoin. Almost every alt I bought using bitcoin had made a loss for me.
If I had holded every bitcoin I ever bought and got, I would have been a millionaire now.

[bering]

When bitcoin pumps then people start to sell their bitcoin because they mostly fear pumps won't last long but unfortunately when they ran out their bitcoin then the pumps still not stopped yet and people regretting their decission why so rush and i think these common happend among us so these experience not only belong to yourself alone however as long it can makes decent profit i think it's good

[Slow death]

[...]

current price:

1 BTC = $10 485,39 USD (-6,41%)

price of 7 days ago:

1 BTC = $13700

you will also say that who sold when the price was $10,000 and days later the price increased to $13,500 also no luck? It's not how the market works. It is impossible to know with accuracy when the price is high and when the price is low.

For now the price is $10400, you may think that the current price is low and days later the price falls to $ 6000 or you may think that the price is too high and days later the price rise to  $15000.

What you should do is set a goal and have a plan

about your personal life situation, I'm very sorry, you need to be very strong psychologically so that you can move on with your life

[Payme21]

In a number of ways, I can relate to your story. One thing I know about bitcoin is that it should be for a long term investment. It might work out well with short term investment but you do need to have technical skills to enable you analyse the market well

[ubay]

I think when you feel you are getting a profit, then just sell your bitcoin. And wait for the next moment to buy bitcoin at a low price. It is difficult to predict the price of bitcoin, but if you persevere, you will find a way. And keep fighting for your life, don't depend on others.

[Turk Ace]

Dont sell your bitcoin. I bought stuff with my bitcoin just before it went up and I did it a few times I didn't lose anything I just missed out. You should be using it as a currency though and not an investment.
Rather save your money for a new dryer or well looked after second hand one from a sencond hand store. Rather save and nut quality stuff otherwise you end up paying twice or more. For example if something is $33 and a qulity version is $100 but it lasts 5x longer you can say the $33 is very expensive in compared. $100 = $33 x 5 $165 In this example you paying $165 for a cheap version of the $100 version. There is a saying "the cheap man pays twice"

[serjent05]

For some people even so small amounts mean a lot in life, for others 0.02 BTC is not big money at current price. It makes no sense to feel bad if you sell some coins because you needed the money, bitcoin is changing value all time.

In my country 0.02 BTC at the current price can feed a family of 4 in a whole month.  It may look like a small amount to you but for an unemployed like OP, it is worth a fortune for him.

Devawnm367, you sold at $7000 and you should be happy for that, what if your washer and dryer is broken a few months earlier? The amount you sell would be almost half then you get it recently, so consider yourself happy in some way.

Agreed.  But OP seems regretful of his early sell   , it is a typical human nature, regretting stuff that we sell when we saw later that it increase in price, making it worst that he is in need badly for his parent's medication.


We do not know what happen in the future, there are several times when I sell my holdings at a lost due to some immediate needs, then price increase after a week.  But then, I tried not to be regretful of it because if I did not sell those coins, I could be in a lot more trouble.  

[gabbie2010]

Its not your fault its just the nature and price behavior of bitcoin of course the price is unpredictable most  btc hodlers uses it as a store of value and a long term investment rather than to using it as a currency thus you are just unlucky by selling it for fiat this you can't escape as a bitcoin hodler had it been you exercise a little patience invariably you could have earned much, presently the bitcoin is dumping while some hodlers will regret not selling at $12K+.

[Mike Mayor]

Near the beginning if the year when bitcoin was down I made a few purchases and planned to use them with that space of time and now. I am still yet to use them. I justified the purchase since I needed what i bought so i could use it in the mean while but i never got around to it. Then during this last rally i made my next set of purchases just before it. Luckily i forgot to order a few things so had to order then when the price was up. xD

[Vaskiy]

To be successful with cryptocurrency there is need for a bigger and better growth with the assets we've in our portfolio. We cannot expect this to happen with each and every user, some get lucky to experience the best growth and they make use of it at the right time. I too had the bad luck of selling bitcoin by $6100, further on it went close to $14000 in a short time period. It is all about luck from my view as I was in need to cash out what I had in the wallet.

[sherenikaw]

I think it is normal to face that kind of experience. Sometimes, we need to learn more about the market chart. I also experienced more when selling the BTC and then the price pumps so high. But when holding it, the price is dumping highly. I think that everybody has ever experienced on it BUt of course, they have a certain ability to make better analysis and not facing that condition again.

[Coin-1]

Well anyways I sold my .02 for around $140 at the time roughly 1 month ago give or take. And since then it has went up over $100 in value... smh

Am i just unlucky or does the bitcoin market follow my transaction history and only pump when I am out?

In my opinion, this is a normal situation. You urgently needed money, so you sold your 0.02 BTC at the market price and bought a dryer.

I guess that you were much more upset when your 3 BTC (!) which you kept on an unnamed website have lost at one day. It seems you were really unlucky.

People who trade crypto currencies on exchanges often fear of missing out like you. You did not have to sell your BTC at this time, because the Bitcoin mining reward halving comes and the current trend is positive.

[Getmon]

I have had the same sad and disappointing experiences not just with Bitcoin but also with a lot of altcoins. But I eventually realized that it is only one way of saying that crypto is really unpredictable to a certain extent. Even a lot of my calls based on reliable TAs went wrong. It brings me to a realization that if you are uncertain you better HODL.

[jakelyson]

Am i just unlucky or does the bitcoin market follow my transaction history and only pump when I am out?  

I think this happens to everyone because the price is unpredictable. I do not have regrets though because whenever I sell, I make sure the I am satisfied with my profit. Even if the price push higher, I am fine. I already bagged my profit. Or If I have to sell because of emergencies, I just shrug it off. It is a need and there is no controlling it. There will be other opportunities to invest or earn more.

I really just wish I never sold I would still have a broke dryer and .02...The price has went up so high that I now cannot afford to invest. My mother was just diagnosed with stage 4 COPD and Emphazema and was just put on Hospice home health. So I am currently unemployed taking care of her. Its a struggle everyday.. I seriously am starting to wonder if btc is just bad luck for me. I once owned 3 BTC when an (unnamed website was shut down) I lost it all and since that day. Have never made it back.. I am now a proud owner of around 850 satoshis... ( so any ideas on how I can earn a little simple btc would be appreciated)...

The Law of Attraction is the attractive, magnetic power of the Universe that draws similar energies together.  -- https://www.successconsciousness.com/law-of-attraction-definitions.htm
You are focusing too much on the negative things happening to you that you are attracting more negative energies. What you should do instead is focus on the bright side. You had 0.02 before, you can earn more. You sold it at about $7000 yet a few months ago the price was below $4000. That is still profits to me. You may not believe in this but it's worth a try. Just a change of perspective.

I think all BTC has ever done for me is gotten my funds stolen multiple times lol. But man do I love it.

If your funds are stolen multiple times, you should really reconsider how you are keeping your bitcoins. Keeping your bitcoin safe is the utmost priority because it will all be for nothing if you can't keep them safe.

[pooya87]

this is what happens when you are only "gambling" with bitcoin price! you end up thinking price rises are "pumps" and any drop is a "dump" and your total profit in the end is always going to be negative even if you haven't yet faced the consequences because like any other gambler you will eventually run out of luck and start your losing streak.

but if you start analyzing bitcoin and stop with the silly thinking of "pumps" and "dumps" and start seeing the bigger picture here about how this is a rally which has rises and corrections that follow those, then you can have a better time in this market and even if you decided to trade, you will be able to earn a lot more profit.

[Devawnm367]

It's very commom man

When I started to buy BTC and sell, all my trades were bad
I bought in the pumps and sold at the dips  

But it's a lesson and now I have more experience to avoid mistakes, and even now I'm wrong a lot of times

In your case you really needed the money, so what's the problem?

Yeah I did really just need the money and I did profit off of it. I guess I am just unlucky. The hand I was dealt in life. Just wasn't that great. I can buy just 5$ worth and I understand that. It's just hard for me to find somewhere that sells just $5 worth. Like I said with my mother bedridden I am currently not working. I mean I do side jobs here and there but when you make 2 to $300 a month (If you are lucky) It's hard to spend $240 on coins I had just bought  weeks before for half the price. If I was not unemployed taking care of my mom and 9 year old daughter. And I had $100,000 to invest I would be so rich right now... I am just unlucky it's not bitcoin. But everyday somewhere millions of dollars are getting hacked. The government is confiscating them, and some governments won't even allow Bitcoin. We need to find a way to fix these issues (Mainly the hackers) People don't want to invest when everyday in the news. (X) exchange was hacked for $150,000,000 in (Y) crypto currencies

As far as thefts. I only lost like $70 in Electroneum when cryptopia got hacked. The 3 BTC was confiscated by the federal governement from an unnamed websites we all know. I understand the "Not your keys, Not your crypto" At the time I was young and stupid doing things I shouldn't have been It was a lesson learned though...

[Devawnm367]

I also knew the price of BTC was going to go up and going up quick. I think my biggest issue is just not being able to work and taking care of my  mom. It in itself is just a lot of stress. I just promised her when she got sick I would not put her in a home. Now I am suffering for it. Because when I got to be she sneaks outside still smokes and still does all the things that made her sick. Everyday she gets worse and worse and it just becomes more and more work. 

Maybe in the future I can find an altcoin and get in early. Maybe then I may very well just find a way out. I just want to make enough to be able to go on a vacation, Take my boat out on the lake. Put my daughter through college. I just want that in life. Everytime something good happens and equal and opposite reactions comes around and screws everything up.... lol.. I have never even been in an airplane. I am 27 years old my grandfather flew them for 22 years in the United states Airforce. I do not even know what it is like...

Oh and I want to go on a cruise never done that as well as visit another country... maybe when I am done taking care of my mom I will get more opportunities!!!!

[Devawnm367]

Bitcoin has been good for me. But I seem to have not utilized the profit I got from holding bitcoin. Almost every alt I bought using bitcoin had made a loss for me.
If I had holded every bitcoin I ever bought and got, I would have been a millionaire now.

Yeah the same for me I have gotten to where I won't invest in altcoins. I kind of like Tron (TRX) as far as a longterm investment but when it comes to alts. I strictly just mine. Thats my safest bet and I am not so pissed when it crashes to 0 it was my computer doing the work atleast it wasn't me lol


I guess what I am getting at is I hope oneday I can find a coin invest 200 to $300 and get rich like BTC did for alot of people all I can do is just keep on trying...

[Kakmakr]

Well, there has been several instances where I had to sell some coins to pay for emergency situations and I hated every bit of it. Just recently I sold some coins at just above $3000+ and the price went up to $12 000+ .....that hurts!

In any way, we have no clue if the price is going to go to the Moon or if it is going to go to zero. Every $$$$ you get out of this before it goes to ZERO is a bonus and if you manage to make 1000s of $$$$ when it goes to the Moon, then it is a massive bonus. 

Just start at the bottom again and buy small amounts of Satoshi at a time and try to hoard a little bit longer to sell at a higher price. 

[ElevenX]

Sometimes it really feels that way and that creates a lot of stress and anxiety. Sometimes it feels as if someone is paying attention to me, just waiting to see what I do.

I'm sure it's just coincidence though.