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Author Topic: sold mine at 14100 dammitttt  (Read 912 times)
Gozie51
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November 16, 2020, 08:39:41 PM
 #81

I know the OP is very sorry to sell Bitcoin at $ 14100, but don't give up,
if Bitcoin makes corrections you can accumulate slowly with your capital,
even though the risk is great but it doesn't hurt if you try.

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.

.
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November 16, 2020, 09:08:01 PM
 #82

As long as someone sell his btc with profit he/she should be grateful. Cause bitcoin market fluctuate a lot. No one can surely say anything earlier about the movement of btc price. I have also sold a small part of my holding while the price was around 12,800 usd. Haven't made enough profit but I was waiting for the appropriate time from so long. And didn't expect the price will increase this way after that. Though I'm not disappointed by watching the current price.

Now bitcoin going to reach 17k usd. OP shouldn't worry if he is going to invest for long term, it will give him profit surely. So he should take the decision by himself, if he is waiting for a dump to buy back. Cause it may give him much profit but it's hard to say when it will happen.

I completely agree with you. I got out at the 12.6 level and obviously I missed the best point to take profit. But on the other hand, I made a good profit from the growth of the bitcoin rate and should be happy with it. In the future, I would like to repeat this: not the maximum profit, but very significant (and if compared with the interest in the bank on the deposit, it is generally gigantic)  Smiley

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livingfree
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November 16, 2020, 09:18:48 PM
 #83

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.
Yes, very well said.

This is the principle that I do if I start to regret that I've sold earlier. As long as I have made profit by that time even the price by that time was low compared today, I'm still good with the profit of it.

That's all what it takes to be not regretful by selling early and that is to acknowledge that you have made money by that time and don't look at it again. Remembering it will make you just feel the regret and pain.

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Mahanton
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November 16, 2020, 09:59:23 PM
 #84

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.
Yes, very well said.

This is the principle that I do if I start to regret that I've sold earlier. As long as I have made profit by that time even the price by that time was low compared today, I'm still good with the profit of it.

That's all what it takes to be not regretful by selling early and that is to acknowledge that you have made money by that time and don't look at it again. Remembering it will make you just feel the regret and pain.
Regret is there but to move on is a must thing because you wont progress and succeed if you do always have that hold you back because you don't want to miss profit
which is really a wrong thing for someone to focus on.Dont ever look back once you had sold you coins because you had profited unless if its a loss then you'll surely regret
but if not or in gains then theres nothing wrong and just accept and its better rather than have nothing at all.Its just you are too early but due to unpredictability of the
market then these scenarios are common.

R


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November 17, 2020, 12:03:10 PM
 #85

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.
Yes, very well said.

This is the principle that I do if I start to regret that I've sold earlier. As long as I have made profit by that time even the price by that time was low compared today, I'm still good with the profit of it.

That's all what it takes to be not regretful by selling early and that is to acknowledge that you have made money by that time and don't look at it again. Remembering it will make you just feel the regret and pain.
Regret is there but to move on is a must thing because you wont progress and succeed if you do always have that hold you back because you don't want to miss profit
which is really a wrong thing for someone to focus on.Dont ever look back once you had sold you coins because you had profited unless if its a loss then you'll surely regret
but if not or in gains then theres nothing wrong and just accept and its better rather than have nothing at all.Its just you are too early but due to unpredictability of the
market then these scenarios are common.
Indeed. Many investors would say "You should have hold for a little longer" not knowing the reason of the person who made such move. No one really was sure that the market price will again be as high as it is at this moment. I'm sure many investors chose to sell at earlier market prices simply because they don't want to risk that much or they don't want to risk their investment just like what happened  before wherein many people regret not selling before the price correction occured. No matter what the decision is, actions of such is just subjective o the side of the investors.
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November 17, 2020, 11:58:45 PM
Last edit: June 12, 2023, 02:19:13 AM by STT
 #86

Heres the daily chart I have for BTC since the OP started this thread 5th Nov and we do have a regular bullish rise.



Its pulled back at times but its quite a tight channel and if anything its broken upwards rather then testing downwards especially harshly.   You can see after the big green bar it did rest a while and trade down a bit but never especially below the 14.1k pricing.   Right now its outperformed the bullish channel and could pull back some and still remain positive within this trend.
   I wasnt sitting on this idea, I only just drew it in myself on the chart and realised it all lines up quite neatly or I might have traded a bit more heavily myself.   50 day average is 13k now and 200 day about 11k which is also a good place for a hard pullback and I've no idea if that can happen or when but that break is not especially predictable right now within my vision.

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November 18, 2020, 02:00:52 AM
 #87

Heres the daily chart I have for BTC since the OP started this thread 5th Nov and we do have a regular bullish rise.



Its pulled back at times but its quite a tight channel and if anything its broken upwards rather then testing downwards especially harshly.   You can see after the big green bar it did rest a while and trade down a bit but never especially below the 14.1k pricing.   Right now its outperformed the bullish channel and could pull back some and still remain positive within this trend.
   I wasnt sitting on this idea, I only just drew it in myself on the chart and realised it all lines up quite neatly or I might have traded a bit more heavily myself.   50 day average is 13k now and 200 day about 11k which is also a good place for a hard pullback and I've no idea if that can happen or when but that break is not especially predictable right now within my vision.

The price of the bitcoin recently broke out in small channel and it is good because even though the consolidation is small where it telling that the people are currently greedy, the price have huge volume indicating that buyers are still in control. I'm expecting some retracements at $17,000 exact because there is a parallel support there where for sure that there is huge demand in that specific price. If the price managed to hold above $17,000 when a shallow retracement come, expect that we are going to see that the price of the bitcoin can manage to break its all time high.

For those who sold their bitcoins at early stage, I think it is better if you will just re entry at the breakout of the all time high or at the upcoming retracement if there will be a swing low that will happen. Lack of confidence and lack of planning are the 2 main reasons why we are making mistakes in terms of selling and we should develop it in order to not the same mistakes again.

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wheelz1200
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November 18, 2020, 02:43:19 AM
 #88

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? Sad(

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


Never ever sell the majority of your coins in one go around or price point.  The risk is too great for a pump to happen.  Same with buying back in.  Buy in chunks and you can catch some more if it does go down, but catch the rise with the coins you bought.  Cost average is the way to go.  Good luck.

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November 18, 2020, 02:45:47 AM
 #89


Patiently wait for retracement OP if you don't have the guts to buy at the current price rate.

Even how bullish BTC is, expect that an uptrend will soon break.

Right now, you are in FOMO. Enjoy your profits for now.
Fundamentals Of
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November 18, 2020, 03:02:47 AM
 #90

I don't blame you for it and you don't have to be emotional because of it. There is no one in the entire Bitcoin universe who has not experienced what you experienced. It is a very normal experience. Everybody has gone through it.

Who will not be enticed to sell at $14,100 when the price of Bitcoin is coming from $4,600 within the year? I myself sold some at different prices within the 4-digit range.

The bull run is not yet through I believe and you could still buy back but please lower your target profit. Or if you don't want to buy back at this level you could always wait for the correction.
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November 18, 2020, 05:01:31 AM
 #91

The way the BTC is going now, I cannot see it have any breath or major correction until it get to 36k, it looks ridiculous but it will happen. Year 2021 will be great for cryptocurrencies.

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November 18, 2020, 01:43:40 PM
 #92

you are a weak hand and should be punished

this whole thing doesn't work unless exactly you are punished

the only correct way is to buy and HODL
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November 18, 2020, 02:19:13 PM
 #93

The way the BTC is going now, I cannot see it have any breath or major correction until it get to 36k, it looks ridiculous but it will happen. Year 2021 will be great for cryptocurrencies.
36k Price range is a pretty reasonable number, but I think we'll look at some market cycles first before continuing the next bull run. Maybe in 2021 bitcoin will be struggling in the price range of 25k-30k

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November 18, 2020, 02:51:40 PM
 #94

When you see the current movement of bitcoin is on up trend you may consider of hold. Well, you are not the only one who experience selling early. But, if you are in profit already you should feels no regret at all, rather make another plan to buy some and hold long term.
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November 19, 2020, 01:45:27 PM
 #95

I am not going to lie, I said there is nothing to worry about for seling at 14k if you made a profit, but I have to readjust that and say ... OUCH. If you didn't get involved again after a while, you have missed out on some major profits, we are talking about 4k per bitcoin or even a lot more if you do margin or future trading.

I have seen waro business making 160k+ in just one day and this is the dude that started with just 10-12k during march period, with just going long on bitcoin for a set period of time constantly, he has managed to make a huge profit from it. I think selling early is still not a problem as long as you made a profit but it is also a big deal on losing that much money, as long as you are fine with that and believe you can make it some other way, you still got out with some profit.



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November 19, 2020, 11:40:12 PM
 #96

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.
Yes, very well said.

This is the principle that I do if I start to regret that I've sold earlier. As long as I have made profit by that time even the price by that time was low compared today, I'm still good with the profit of it.

That's all what it takes to be not regretful by selling early and that is to acknowledge that you have made money by that time and don't look at it again. Remembering it will make you just feel the regret and pain.
Regret is there but to move on is a must thing because you wont progress and succeed if you do always have that hold you back because you don't want to miss profit
which is really a wrong thing for someone to focus on.Dont ever look back once you had sold you coins because you had profited unless if its a loss then you'll surely regret
but if not or in gains then theres nothing wrong and just accept and its better rather than have nothing at all.Its just you are too early but due to unpredictability of the
market then these scenarios are common.
Indeed. Many investors would say "You should have hold for a little longer" not knowing the reason of the person who made such move. No one really was sure that the market price will again be as high as it is at this moment. I'm sure many investors chose to sell at earlier market prices simply because they don't want to risk that much or they don't want to risk their investment just like what happened  before wherein many people regret not selling before the price correction occured. No matter what the decision is, actions of such is just subjective o the side of the investors.
Decisions will vary from time to time and since we dont know on what would happen ahead then theres always that kind of feeling on where you do really need to release your bag and secure out profits
before its too late.Some might ending up on regreting just because they sold too early but if they did some buyback then they might really be able to patch up on what they had missed
but this one will always accompanied with risk once again because price cant really be predicted on where it would be going.Its just not right to think that just because you had missed this
price increase then its already too late.Theres no such thing on being late if you do know on what you are doing.

R


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November 19, 2020, 11:44:36 PM
 #97

snipped


As long as you are in a profit, you don't have to regret your action.  Remember you were very happy when you sold them at your target price.  Why regret now that the price increases.  Don't be too greedy and just enjoy your profit.  You would be telling us another way around if the price collapse after you sold your coins.

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justdimin
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November 20, 2020, 09:23:38 PM
 #98

I know the OP is very sorry to sell Bitcoin at $ 14100, but don't give up,
if Bitcoin makes corrections you can accumulate slowly with your capital,
even though the risk is great but it doesn't hurt if you try.

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.
Very well said and greed has no boundaries and there is no one who can sell his coins at the peak value and has no regrets. Yeah selling at cheaper price and watching the price rise gives bad feeling but you have to look at it as a potential loss instead of actual loss because you purchased the Bitcoins for cheaper amount than you sold and that should be the end of story.

I have a few friends who sold their BTC when the market crashed and imagine how much regret they must have? Then we have the guy who bought the pizza for 10k Bitcoins and he must have the biggest regret story. So as long as you have made profit from your trades you should be proud and think what's next because it is impossible to predict everything but the future price of Bitcoins.

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Quidat
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November 20, 2020, 10:39:57 PM
 #99

I know the OP is very sorry to sell Bitcoin at $ 14100, but don't give up,
if Bitcoin makes corrections you can accumulate slowly with your capital,
even though the risk is great but it doesn't hurt if you try.

In this business of selling and debuting, you can be regretful if you sell with lose but if at the price that you sold you still made profit, it means you had good business. If you didn't sell that time also, the price can come down to bear. So op should have that as profit he made at that time.
Very well said and greed has no boundaries and there is no one who can sell his coins at the peak value and has no regrets. Yeah selling at cheaper price and watching the price rise gives bad feeling but you have to look at it as a potential loss instead of actual loss because you purchased the Bitcoins for cheaper amount than you sold and that should be the end of story.

I have a few friends who sold their BTC when the market crashed and imagine how much regret they must have? Then we have the guy who bought the pizza for 10k Bitcoins and he must have the biggest regret story. So as long as you have made profit from your trades you should be proud and think what's next because it is impossible to predict everything but the future price of Bitcoins.
Everyone should really be contented on what they had achieved or gained but people are way too greedy into things which they do ask out for more.
I have also a friend of mind that had able to buy when the price peak on 19k and then suddenly the market crashed which made him panic and sell off
into a lower price point which do really leave him on some sleepless nights because the amounts we've been talking is on his 75% of his live savings
which is really a gamble and now he had sawn that the price clinged up then the feeling of regret do deeps even more.

Ayiranorea
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November 20, 2020, 10:58:56 PM
 #100

This guy has sold all his Bitcoins at the price around $14100. There is nothing to worry once you've made it, feel happy for it. I've come across people who missed the opportunity of $20000 and sold at the price of $8000, because they're in need of money. Anyhow the decision is yours, so it isn't a big issue. If the person have made the trade getting suggestion from any of the user, then he could've started scolding that particular person. Grin

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