sold mine at 14100 dammitttt

[davinchi]

Not really that big of a deal if you made a profit. We do not know where you got it from, we have no idea if you bought from 10k or lower or if you bought from $15k and sold to get out, in order to make a better decision we have to make sure that we know where you got it from.

For example in this reddit topic https://www.reddit.com/r/Bitcoin/comments/joslo7/sold_15k_1152020/ as you can see that person bought bitcoin at 500 dollars each, and sold at $15k each, that is a HUGE profit, and even though I believe bitcoin will go even higher, this dude made a huge profit AND paid of his house debt as well, which I believe is an important fact to consider.

This is why where you bought and what you did with it plays an important role on what you do with your coins, if you sold but made a profit and used it for something good, I think it is okay to sell, you can't just keep your coins forever anyway.

[livingfree]

So did you sell more then 50% of your coins?

If so now you know never sell 50% or more of your coins in an upwards market.

rule of 10 is sell 10%

so 10 coins sell 1

wait for 10% price drop to buy back

or wait for 10% price jump to sell 10%.

if it goes up in price you sell 10% of you nine remaining coins. or .9

dropping you to 8.1 coins.

since price jumped up 10% you get good money to make up for the fact coin sale was .9 coins.

I hope you have at least 40% of your coins left and if you did sell 60%.

I hope you sold at a profit.

Just focus on your remaining coins and go back to rule of 10

Although I'm not the OP.

I've learned from this strategy.

I'm grateful that you have advised this. I'll follow the rule of 10, I don't have actual strategy but I don't usually sell a lot from my portfolio but it's something noticeable when the price goes up.

[Janation]

That is your mistake, now you should learn from it.

You should not feel bad since you already made a good decision. You got your profit, it is true that the price went higher but it will not stay there. It will go down, you will have another chance and another profit in the incoming months and years. We are having a great run, you should look at it closely but what's done is done, enjoy that profit for now.

[Coin_trader]

So did you sell more then 50% of your coins?

If so now you know never sell 50% or more of your coins in an upwards market.

rule of 10 is sell 10%

so 10 coins sell 1

wait for 10% price drop to buy back

or wait for 10% price jump to sell 10%.

if it goes up in price you sell 10% of you nine remaining coins. or .9

dropping you to 8.1 coins.

since price jumped up 10% you get good money to make up for the fact coin sale was .9 coins.

I hope you have at least 40% of your coins left and if you did sell 60%.

I hope you sold at a profit.

Just focus on your remaining coins and go back to rule of 10

Although I'm not the OP.

I've learned from this strategy.

I'm grateful that you have advised this. I'll follow the rule of 10, I don't have actual strategy but I don't usually sell a lot from my portfolio but it's something noticeable when the price goes up.

This is a good a strategy if you are focus on trading but for casual trading, There's no wrong on selling when price pump as long as you already have profit on your trade atleast 10% and above profit. Never regret when you sell early because you can always buy back during price correction which always happening after a strong pump. There's chance that your selling price will not revisit again but you can still open position close to it.

NEVER FOMO OR YOLO BUY ALL-IN. You will just burn if rush things, Most important things to consider is take profit whenever there is opportunity. Profit is better than loss so never regret when you TF early.

[NeuroticFish]

please say something will make me feel better dammitt

This being said I won't criticize your choice , you've done that already.
Take it as a lesson. An expensive one, maybe, still a lesson.
You have to use your mind when trading. You have to follow the basic rules no matter what. And obviously you have to understand that trading means you can lose too, not always gain.

Find a good way to minimize the loses and think seriously if trading is for you or holding suits you better.

[Taskford]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

Be happy if you sell your coins at + profit since it's really bad to sell at lose and you see the price pumping up, but you can still buy right now since the price dump a little bit or maybe wait before taking some action since we will might see some good pumps these days since many people are positive that we will go close to ATH by this year.

[tbterryboy]

There is a big amount of people who will sell at the top and there will always be a new top, as long as you sell your coins it will always be too early one day and sometimes the results are quicker than you imagine so it could be not so great for you.

Of course, at $15.5k right now, you should be upset that you sold and didn't wait for few more days to see the price increase this much, and I can understand that, but if you sold at $15.5k today and the price becomes $16k tomorrow? What is then? What if you hold until $20k but the price reaches to $25k a year later? What is then?

So as you can see, it is always too early to sell bitcoin. Sometimes you just have to get out, if it is purely for profit I would say holding until you die is the answer, if it is for a need for money, you should get out and spend it on your need without caring about the price.

[Fortify]

It seems like there are two pretty important lessons to take away from what happened. Number one, you should let go of past mistakes (but definitely take them as a learning experience and remember not to do it in future), because it will only cause you more misery by thinking "what could have been".  The second would be, don't try to time the market, many people throughout history have lost great fortunes by thinking that they can predict the future, when in reality they are just letting their ego guide their investing decisions. You cannot predict the future, so just be happy if you got out with a little bit of profit and judge whether keeping money in Bitcoin long term will be the right decision if you want to get back in. Similar to owning stocks, I think Bitcoin will be a very long term play and the big money will be made by people holding it for 5+ years more.

[Becky666]

"Dammit" according to your word  , How on earth should you think that anyone of us known where the price is heading? really dammit dude. Though, you could have been the most luckiest among the forum remembers if the price downtrend after you made your sales. Don't blame yourself dude because there is still much time to get into the market to pick profit again, for your information, those who sold at $13-15+ are still making frantic efforts to buy back, please kindly do (not investment advise tor).

[shoreno]

your lucky because you sold at that heights . i never sold my btc that high because the moment i recieved my btc the price will then drop but i need money and theres no time for me to wait . if im going to wait i was also thinking negatively , what if price will fall down more .  

buy what do you mean by buyback with profit . your going to be buy again using the profit that you made ? thats not a bad idea to do and your not going to loose your original capital if ever the price decided to not increase again .

[Bekuciwu9]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

Just because BTC went up more doesnt mean that what you did was bad.There is still chance for correction so maybe you selling at $14,100 proves to be good decision.If I am you, I  would just sit and wait and wouldnt buy in again at this time.

For exactly those reasons it is best to hold your btc if you belive in it long term instead trying to profit from trading as you will panikcand do mistakes.Out of curiousity,for how much you bought BTC?

[philipma1957]

So did you sell more then 50% of your coins?

If so now you know never sell 50% or more of your coins in an upwards market.

rule of 10 is sell 10%

so 10 coins sell 1

wait for 10% price drop to buy back

or wait for 10% price jump to sell 10%.

if it goes up in price you sell 10% of you nine remaining coins. or .9

dropping you to 8.1 coins.

since price jumped up 10% you get good money to make up for the fact coin sale was .9 coins.

I hope you have at least 40% of your coins left and if you did sell 60%.

I hope you sold at a profit.

Just focus on your remaining coins and go back to rule of 10

Although I'm not the OP.

I've learned from this strategy.

I'm grateful that you have advised this. I'll follow the rule of 10, I don't have actual strategy but I don't usually sell a lot from my portfolio but it's something noticeable when the price goes up.

This is a good a strategy if you are focus on trading but for casual trading, There's no wrong on selling when price pump as long as you already have profit on your trade atleast 10% and above profit. Never regret when you sell early because you can always buy back during price correction which always happening after a strong pump. There's chance that your selling price will not revisit again but you can still open position close to it.

NEVER FOMO OR YOLO BUY ALL-IN. You will just burn if rush things, Most important things to consider is take profit whenever there is opportunity. Profit is better than loss so never regret when you TF early.

yeah. always a piece never all or even more the 50%. For instance 2 coins in my pocket. price goes to 14100 I sell 1 coin.

Still have a coin in pocket.  Prices goes to 15800 I sell 1/2 the coin.  I still have 1/2 a coin. and my selling price average is not 14100 but 14,667. and I still have .5 coin to sell at   17,500

All in and all out moves lead to regret.

on this run up I made sales of 210 usd 8 times.

I started at 12500 then 13500 then 14000 then 14500 then 15000 then 15500 then 15800 then 15900.

Next sale will be at 16500.

I stack coins via mining.  I set a 4-6 month sell future number  if I reach the number I start to sell.

[XCANA]

If you are complaining about your sols at $14,100 then what should those who sold at $12k do? don't you know you are at profit to them?. The cryptocurrency market is full with uncertainties and we should accept them as they roll into our plains. The sold you made was for a purpose and personally can't called it dammit sincerely.

[Yamifoud]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

that be sorry mate but I think you still make money from that price and it is a good price then. Because if you bought at $10,000, you are making already $4,000 in profit, I shouldn't have to regret it for not selling. And it happens that price dumps but you are not selling it, I may think that was a big regret of missing up.

Don't get mad, you made it and that is the right decision for me. It was most regrettable if you miss any chance and besides, you can make another investment if the price turns back low again.

[Ridwan Fauzi]

Did you get a profit when you sold your bitcoin? If you got profit then there is nothing to be regretted, you have chosen a great decision to get profit comparing you sell them when you are in a loss situation.

There is no one who can give you a good suggestion because their prediction can be wrong in the end. There is no one who can make an analyst with 100% correctly, they may be wrong because bitcoin has its own way to move.

So, you have to make your own decision, find some factor which can make bitcoin price up and down, and you have to know the market sentiment before you buy. Indeed, the current sentiment market is good but who knows in a few times ahead it can be changed.

[posi]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

Although you sold at $14100 price range because of your impatience or not understanding the bullish status the market currently posed but it still good since you dont sell at lost price and the best thing you can do is to buy with 25% of your fund while you keep 75% till the market experience market correction which may happen anytime from now.

[kentrolla]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

I would suggest you not to take decisions in emotion whatever happened is for good, need not to worry about the past this will give you nothing except sorrow.

Also this is not the right time to jump for buying wait patiently until it dips, that's the strategy of market follow the rules and I am sure you will become a entrepreneur in crypto. BTC is very volatile and anything is possible so hold your nerves and Wait.

[mersal]

no no no and noooo
 I sold a lot of my coins at 14100 thinking it will go a bit down and I will buy it back with profit

well now the btc is 15200 am I out? should I buy it back at current rates? or are we excepting down movement anytime soon? (

please say something will make me feel better dammitt

and sorry its my first post but I check and read a lot of your messages almost everyday

Don't worry about the price increase or decrease. Just analyze the following things:

At what price you bout bitcoin?

If it is below the price you sold then you are in profits then there is nothing to regret about your decision.

If you are in profits then you can buy at the current price and then set the next target price to sell.No one can sell their bitcoin at perfect peak.

[stompix]

And suddenly with the price touching 14600 that doesn't sound that bad after all, isn't it?
I wonder if we dive to 13,5k- 14k how many of those that told him he did something stupid will come back to the topic and acknowledge that was looked like a mistake was a pretty good move. I doubt we will go that low but still, it's a lesson to not try and anticipate prices on short-term intervals.

Anyhow, I just hope that OP didn't make the mistake of buying back near the peak, it's one thing to take a few $ in profit and wait to see how much you can gain extra and a totally different thing to wait for the price to climb back up so you're not at a loss. Of course, all in $ terms, but in the end that's what matters in RL.

[bitgolden]

And suddenly with the price touching 14600 that doesn't sound that bad after all, isn't it?
I wonder if we dive to 13,5k- 14k how many of those that told him he did something stupid will come back to the topic and acknowledge that was looked like a mistake was a pretty good move. I doubt we will go that low but still, it's a lesson to not try and anticipate prices on short-term intervals.

Anyhow, I just hope that OP didn't make the mistake of buying back near the peak, it's one thing to take a few $ in profit and wait to see how much you can gain extra and a totally different thing to wait for the price to climb back up so you're not at a loss. Of course, all in $ terms, but in the end that's what matters in RL.

In my view, what is seeming like a good move may turn as bad and buying around $15.8k may still have chances for quick profits because I am seeing rapid recovery of markets from the current price levels toward testing $16k at any time soon. It is too early to call anything about OP's action. If I were OP, I might have be holding till now by simply watching how the market is struggling to breach $16k levels.

I am sure that no one could catch the perfect turning points of markets, What we can do is, may wait until our positions turn into profits and then may rush for booking profits.