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Question: How Painful Was Your Dubious BTC Sale(s) In The Past?
Extreme Pain! - 8 (26.7%)
Pretty Bad! - 2 (6.7%)
So/So! I Can Take The Pain! - 7 (23.3%)
Tis, But a Scratch! - 3 (10%)
Would Do It Again! - 6 (20%)
No Comment (IRS Has Eyes!) - 2 (6.7%)
Despondent! Blew It All! - 0 (0%)
Go Away I Represed This! - 1 (3.3%)
No View! BTC Is Fantasy/Unicorn $$$! - 1 (3.3%)
Total Voters: 30

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Author Topic: Bitcoin Regrets? Past BTC Sale(s that would look CRAZY Today! Poll. :(  (Read 312 times)
Searing (OP)
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November 12, 2020, 11:58:33 PM
Merited by vapourminer (2), DdmrDdmr (1), MCobian (1)
 #1


Here folk can put some 'modest' stories of ...what may have been very sensible...back in the day on a Bitcoin Purchase which is just 'crazy' today.

As an example, I sent Lightfoot, here on www.bitcointalk.org I think it was 1.5 to 2.5 Bitcoin to have some KNC Titan Scrypt Miner cube

boards repaired. Ack!

On the other hand, on the 'brief' time..I think it was 2015 and PayCoin was making it's POW mining 'set-up' for the coin to setup for POS coin network...

for 1 week to set it up as a 'supposed' POS coin (was a scam) ..I converted all that PayCoin to BTC and that was like 0.66 BTC as the last 'life' of my 2013 KNC Jupiter

Miner...which may have already been 'off' for a year..but they were doing this on a sha-256 blockchain ..so what the hell, I thought. Fire up the KNC Jupiter Toy! Smiley

So I have to keep the faith now in case in the next 3-4 years we again have another 10x repeat in value for Bitcoin! I need to 'accumulate' BTC Dust! Smiley

I have a 'mess' of dubious losses of BTC on dubious stuff. Post your 'regrets' here. Take the Poll. Smiley

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November 12, 2020, 11:58:54 PM
 #2

Reserved!

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November 13, 2020, 01:14:24 AM
Merited by vapourminer (1)
 #3

When I got into Bitcoin a little deeper and more serious than my previous encounters with it, the price was around $500. I accumulated a few Bitcoins. I bought some; I earned some. But I also converted some of it in fiat and then spent it. A few Bitcoins were converted for no important reason at all. I sold them simply because I thought I have already earned enough from them. Some I sold because I was afraid the price would crash.

I voted for extreme pain out of the value I wasted. I sold some when the price was way lesser than $2,000. But no regrets here. I am not one who wallow over what I could have done. Sometimes memories come back. But, you know, I got lessons.

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November 13, 2020, 03:24:59 AM
Merited by vapourminer (1), Chris Barth (1)
 #4

I've sold some bitcoin in the past with the price as low as around $700. Do I regret it? Slightly, but not really. It's not like I used the money to buy useless stuff, as I used the money to grow an online business. Though I would have made a lot more money buy holding the bitcoin instead of starting online businesses, the knowledge I've gained is definitely worth it.

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November 13, 2020, 05:16:35 AM
 #5

i view bitcoin as a currency and just like any currency i never regret after spending it, for instance when i buy groceries i don't cry about having spent my money.

as for selling bitcoin, i believe i have reached a good equilibrium between selling and hoarding also timing. i sell enough at times when the price has gone up enough and mostly when there is a bubble that looks to be ready to pop (eg last month of 2017). but i don't sell everything because i still believe in the long term potential of bitcoin. that small amount sold is to give me a good profit and moderately reduce the risks i take.
i also do the opposite during the reverse-bubbles where i know the price is at the bottom and it is about to pop and price to shoot up so i buy more bitcoin (eg. the $3k range).

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November 13, 2020, 05:29:22 AM
 #6

I once sold 50 BTC for ~$7.50-- though mostly I was seeing if withdraw from mtgox actually worked, and it did-- and was extremely pleased with myself because it was within a penny of the ATH for a month or more.  -- Why 50 BTC?  well that was a block reward back then, just a small amount of Bitcoins, wouldn't want to test with a really serious amount...

I later bought back that amount and more at $3.something.  Would happily do again.   Grin

I think it can be easy to not regret selling:  Just don't be over-invested to the point where you feel forced to make sales you don't want to make.  Any sale you made of your own free will is a good one, even if you don't double what you sold buying back a few months later.
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November 13, 2020, 05:52:33 AM
Last edit: November 13, 2020, 06:13:51 AM by btctaipei
 #7

back in 2012 on BTCe it was so easy to sell.. was about $8/btc and those troll box were just awesome.  Were not as large as Gox back than we had only like 500 users at any given time.  But topping off and withdraw with paypal was just awesome.  It was so easy to empty out the sell orders back then.  


The trick was wait until someone buy up the $2-$8/btc entries in the bid book and watch it evaporate, than get your bot to sell those coins at $40(no joke)/btc right after and make handsome profit!  Plenty of visa Even after buying out all those video cards from multiple retail outlet, it was a vicious cycle.

I remember 3000 btc was rather small back than and it you used to be able to top off using visa / paypal deposit and withdraw without anyone blink an eye.  the entire order book for buy was no more than 100k.  Did not lost any coins because we quit once BTCe imposed daily withdraw limit.  The fun ended Cry

My regret was failure to convert those to 10,25,100 BTC from Casascius..  They look so much better than current cold cryptosteel wallet.

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November 13, 2020, 06:02:32 AM
 #8

Back when the price of Bitcoin was about $300 or $400 .... I bought a couple of coins as an investment. Just a few months after that, the price went up to more than $800 and I figured that doubling my investment was way more return on my investment that I would ever see with any other investment option, so I sold all of them.

The price then went up to $1000 and later in 2017 to more than $18 000 .....so imagine my regret, when that happened.  Roll Eyes  That was my "Lazlo" moment in Bitcoin, but I think I would do it again under the same circumstances... because the opposite could also have happened and the whole experiment could have failed and I might have lost everything.  Wink

Just a side note.... I used the profit of those bitcoins to pay some of my debt and I saved loads of interest on those loans. It also enabled me to save some money to buy more coins and I sold those coins for a 600% profit, when the price was at a all-time-high again.  Grin

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November 13, 2020, 06:06:01 AM
 #9

I have 2 regrets on bitcoin. I started my online journey back in 2008 where I used to make wordpress websites for an agency who used to sell them to their clients. So I had head the name bitcoin back in mid 2009 when the prices were in cents. But just didn't take interest. I could have easily purchased few thousand bitcoins if I wished that time which could have made me a rich man today! Just missed one of a lifetime opportunity!

Then I actually entered into bitcoin market in 2015 when the price was around $300. That time I was just cautious and wasn't super positive about bitcoin. So I started trading and started making decent amount of money from it. Whatever I used to earn, I had cashed out through a known seller via paypal. I have cashed out more than 90 bitcoins this way. Never realized that HODLing bitcoin would have given me another opportunity to become rich. Lost that race as well.

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November 13, 2020, 08:33:08 AM
Merited by codegnome (1)
 #10

We all first have doubts about it I've sold mine for a few bucks before but now take a look how high the prices are let's hope the price of Bitcoin increases more
at least we have something good happened in 2020. Well we can't go back to the previous time so all we can do is to look forward now.

ya.ya.yo!

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November 13, 2020, 09:01:59 AM
 #11

I think that everyone involved into bitcoin since 2014-2015 has spend a lot of money if compared with today value.
it's not a mistake since we were in profit. I haven't anything to regret, maybe some of this expense were just pure vanity but it was well deserved the same Wink since I have always evaluated as more valuable bitcoin knowledge and not the value on the market.

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November 13, 2020, 09:15:57 AM
 #12

I have, yes, Extreme Pain!
I learned about bitcoin since its inception when I was making money online. But my specificity of work was far from him, although I was offered payment in bitcoin. And you can imagine my feelings when I later saw his growth. I have one life, unfortunately, and this cannot be changed, I am very sorry that I did not join the Bitcoin society at an earlier time.

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November 13, 2020, 10:10:12 AM
 #13

I don't regret any of my past sales, the fact that Bitcoin is higher right now, so the rest of my coins are more valuable is more than enough to chase away this sort of thoughts. My only "dubious" spending was investing 0.011 BTC in an ICO scam - this was the first and the last ICO I invested in. And my biggest spending was cashing out 1 BTC at $650 to buy a new BTC, but I still don't regret it, because this PC was a big upgrade for me that made me happier and still serves me well.

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November 13, 2020, 10:16:15 AM
 #14

Regret on actions when you see the price surge so high and you sell at the low price is normal but it doesn't make sense to regret when you sell your coins long time ago since your just stressing yourself so focus to the current situation and learn so that you can react if the market act the same as before.

If you already sell move on and buy again we have so many opportunity and so don't waste your time thinking about the past sales.

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November 13, 2020, 10:45:33 AM
 #15

I voted for "So/So! I Can Take The Pain!"  Grin but still a tough loss. It was back in 2017 when altcoins were exploding together with Bitcoin and my altcoin worth was around 18K USD which was a very high sum, especially for the country I was living back then. I got greedy and didn't sell a single coin and watched it plummeted down to nothing. However, we learn from our mistakes and now I'm back stronger than ever.
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November 13, 2020, 11:11:34 AM
 #16

I have regretted having sold Bitcoin after seeing how it has behaved this year. Also after seeing how large companies like MicroStrategy bought 38,250 Bitcoin. I told myself that something big is coming for Bitcoin because more companies are buying Bitcoin with their Treasury Reserves. But my sale was necessary, my family is first and Bitcoin was there for me to sort things out. On whether it is too late to earn with Bitcoin the answer is no, according to this tweet by Michael Saylor.

Quote
#Apple could generate $ 100 billion or more in shareholder value if they integrated #Bitcoin into Apple Pay, built a secure crypto wallet into the iPhone, and began buying #BTC with their Treasury Reserves. h / t @ETFProfessor
 https://twitter.com/michael_saylor/status/1326591650836189186?s=19

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November 13, 2020, 03:35:30 PM
 #17

I doubt there is anyone who won’t regret some sales in the past 5 years or more, but few have been able to predict the future to the extent that they were convinced of what would happen during 2017, or what is happening today.

I started with crypto as a regular small faucet claimer, who then tried to trade by buying up to as much as 5 BTC (around $200 per BTC) and selling them for a small profit. I have to admit that at the time it seemed pretty incredible to me that someone said that BTC would reach at least $10 000 in 3 years (Tim Draper), but it happened.

Of course, as is often the case, I didn't keep my BTC, but I learned something from all that - there are very smart people in the world, sometimes you need to listen to their advice.

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November 13, 2020, 04:28:31 PM
 #18

My strategy in Bitcoin was that I'd skim a bit of profit from the top every time Bitcoin would break a significant level and hold the rest. I always tried to make it so that if I made 0.1 BTC from a signature campaign, I'd make sure at least half of it is held to increase my balance every year. When the price was low like 2015,16, I'd hold, in 17 and early 18 I'd still hold most of it but try to spend what I was earning at the time. Second half of 2018 and first part of 2019 was accumulation again and I spent some profit during the holidays of 2019 and so on.
As a result I still hold coins from 2015 and have never spent a single coin on a ponzi scheme or shitcoins.

My greatest failures?
Sold BCH early and missed the 2018 pump.
Sold some BTC in 2016. It was very little, maybe 0.1BTC, but the price was sub 1k USD, so I still consider it a huge missed opportunity.

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November 13, 2020, 04:55:21 PM
 #19

We all first have doubts about it I've sold mine for a few bucks before but now take a look how high the prices are let's hope the price of Bitcoin increases more
at least we have something good happened in 2020. Well we can't go back to the previous time so all we can do is to look forward now.

ya.ya.yo!

You could have saved your Bitcoins better, then you could have been wealthy now. Then only the tension would have gone with the currency in the bitcoin. Now it remains exciting every day.
Afterwards, it is always easy to judge.

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snarlpill
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November 13, 2020, 07:09:19 PM
 #20

I've been involved with Bitcoin off and on since 2014 and spent quite a bit in the years past, although I don't really regret spending it because in a way I was doing my part to help grow & support the Bitcoin economy. I remember when Bitcoin dropped to around $200 USD, I think it was around Thanksgiving of 2015, and I knew I should buy a bunch then, but was only able to purchase a little bit because I didn't have very much extra spending money at the time. So I kind of regret that. But, mainly, I regret all of the BTC I gambled away back in the day!

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