Don't repeat same mistakes

[FireBallex]

Bitcoin and altcoins reaching a new ATH isn't the only way to make profit in crypto space, if you are smart you can make profits even in bear market, have it in mind that this bullish trend won't keep up for long, bears will attack the market sooner or later, have a price aim in mind and once you get there pull out your profit

[cosmofly]

In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?

Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.

Know when to get in and know when to get out, don't be a greedy bastard.

As far as I can see, continuing to hold is also a wise decision.  Bitcoin halving is an advantage for the upcoming bull run, but what's even more special is that there are a lot of major tech financial funds already involved in holding Bitcoin.  They certainly saw the potential future of Bitcoin so they bought and held it all at once.  It is possible that this year or the Q1 of next year, the price of Bitcoin will break ATH $ 20k and grow to $ 30k.  Meanwhile, those who hold $ 20k also have 50% profit.

[electronicash]

In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?

Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.

Know when to get in and know when to get out, don't be a greedy bastard.

As far as I can see, continuing to hold is also a wise decision.  Bitcoin halving is an advantage for the upcoming bull run, but what's even more special is that there are a lot of major tech financial funds already involved in holding Bitcoin.  They certainly saw the potential future of Bitcoin so they bought and held it all at once.  It is possible that this year or the Q1 of next year, the price of Bitcoin will break ATH $ 20k and grow to $ 30k.  Meanwhile, those who hold $ 20k also have 50% profit.

what is best to do is just sell the BTC while the price is still good and wait til it price hits the bottom. you just got to be in the forum to ask people of the speculations, most of the users will always give their opinions as to what could happen prices. timing though can be hard to do but as long as you profited and buy back at the right price, youre good. to me as long as i profit its fine.

[xiboothrezi]

2017, many made mistakes because Bitcoin is called a bubble, and it is very clear that Fomo is visible,
but in 2020, the increase in bitcoin is not only because of Fomo but because cryptocurrencies are widely used by institutions,
if you look at the news, many institutions are buying bitcoin.

what is clear, public trust in cryptocurrency, especially bitcoin is increasing at this time. We know the adoption of PayPal is quite surprising and this is often called a quite extraordinary achievement. Although there are many pros and cons, the fact that bitcoin provides an effective solution for today's finances, with a combination of technology that is in line with the times, makes bitcoin effective not only as an alternative payment but also a profitable trading commodity and promising investment. But high risk.

[SistaFista]

There must be people like you mentioned above because they are usually comes late.
The later you come, the more risk will be taken cause there is no guarantee that the bull market will continue to run.
The late comer should watch the price in the market. When it downs too much, they should sell the coins and leave before they loss too much.

[Reid]

It's confusing.
Sell altcoin for Bitcoin or just keep the altcoin?
What is the real mistake that happened 3 years ago?

They tried to ride the boat.
It's normal kind of reaction when you are a buyer. Jump in and then maybe make a little profit out of the pump.
Or, just stay with your alts and wait for the market to go back when they had enough profit with Bitcoin.

There is a bad story though. Some alts will not rise from the dead. They stay six feet under.

[firmino10]

It's greediness to continue holding your tokens when price is pumping, many committed the error in last bullrun in late 2017 and after February 2018 bears assaulted the market dragging each and every coins and tokens to its feet, Bear market is consistently the best an ideal opportunity to purchase coins and construct portfolio and Bull market is the best an ideal opportunity to make gains and take benefits

[Sanitough]

It's confusing.
Sell altcoin for Bitcoin or just keep the altcoin?
What is the real mistake that happened 3 years ago?

Selling altcoins to cash out, I think that's what OP meant because in his statement too, there are investors who bought bitcoin at $20k and now are still force to hold waiting for bitcoin to rise higher than that price.

Selling at the right time, not too greedy so we can be profitable, that's pretty it.

They tried to ride the boat.
It's normal kind of reaction when you are a buyer. Jump in and then maybe make a little profit out of the pump.
Or, just stay with your alts and wait for the market to go back when they had enough profit with Bitcoin.

There is a bad story though. Some alts will not rise from the dead. They stay six feet under.

I had, that's why I also know the feeling, I sold some of my bitcoin to altcoins and cash out the rest of my bitcoins.. the reason is simple, during that time, altcoins was more profitable that bitcoin but I did not see the other side as I was greedy with my higher goal of profit, but then when it starts to dump, I was hesitant to sell because of the HODL!!!!!.

[kidbounty]

Know when to get in and know when to get out, don't be a greedy bastard.

everyone is old enough for this. I'm sure they won't repeat the same mistakes as last 2017. but what concerns me is those who are just starting to invest, I'm sure they are currently trapped in FOMO.

[Johnyz]

Those who are trap before should know when to exit this time and know if the trend will continue or not because you might miss the opportunity again to sell your bitcoin and secure at least your capital.

Learn from those mistakes and remember that Bitcoin will always go up and down so since we are on uptrend, expect that in due time the price of Bitcoin will go down again, so make your decision now and set your goals.

[Patmille]

yeah, that's right. I know a friend who purchase bitcoin on 2017 when the price is more than 18k but regrets the decision when BTC falls in the first quarter of 2018. He ask me not to invest in bitcoin. lol

[bitcoin31]

For the people who are invested to the the year 2017 when the value is very high which is 20k dollars they have chances now to recover their loses but if they want to get some profit they will get that but they need to wait more to pump the value. The mistakes that will do is we are sold the bitcoin they have so the price dump very high and we are the one who do mistakes.

[otto93]

I think tjis is interesting and relates well to me, i saw my progress/portfolio reduce to zero because I was expecting more coins at a dollar, am changed now, i don't hesitate in taking profits. But also then I did not under TA and FA, But hey its a new era all for me now

[Fredomago]

For the people who are invested to the the year 2017 when the value is very high which is 20k dollars they have chances now to recover their loses but if they want to get some profit they will get that but they need to wait more to pump the value. The mistakes that will do is we are sold the bitcoin they have so the price dump very high and we are the one who do mistakes.

The very mistake that being taking place is when you buy high then sell it with low value, you have to first realized that what you are investing with do have realy potentials, so you don't need to keep chasing when some pumped or dumped take palce, instead you are
just waiting for your target price.

Don't allow mistake to happen again, work out with your knowledge and don't chase the things that you are not really familiar,
keep learning and it will avoid making mistake that will cause you to lose your investment.

[michellee]

Basically, everyone has their own responsibility, so just let the greedy person feel what people felt in 2017.
sometimes mistakes can change their mindset.

Yes, it is right. People tend to forget the last mistake or their mistake in the past, and they back to make the same mistake in the future. But the situations and the mistake will not be the same. As long as you can always be careful in making decisions and still learn and know about the risk and try to minimize the risk, I think you will not make the same mistake. After we made a mistake, we will have the experience, so we don't make the same mistake. If we can learn from the mistake, that can improve or add more experience and knowledge to us, so we know how to prevent the other mistake. Making a mistake in trading is normal, but we can learn from that mistake the biggest thing that we should concern about.

[Skadi360]

I also at the same boat, I keep holding my coins instead of selling it from the hopes of it will be the next bitcoin but look what if became right now only shitcoin. I regret always like that, cant really predict the lifespan of bullrun so I immediately sell my tokens if I see a hefty amount of profit and if the project is shady.

[jaberwock]

Basically, everyone has their own responsibility, so just let the greedy person feel what people felt in 2017.
sometimes mistakes can change their mindset.

I look at it a bit differently, people who invested in 2017 are still going to get some profit by the end of this bull run so if they had sold the coins at the ATH of that time they would have not profited. Also there is a good chance that the price might not get pummeled.

I think 2017 has taught everyone a lot and I am sure that for now there are many people who will not repeat the same mistakes, yes maybe only some people who cannot control their emotional and greed will still fall into the same hole

Yeah, in case it drops this time again it might be a sadge moment for investors. I don't know how to react because this situation is really difficult as an investor and I also hold some bitcoins so I am in the dilemma whether I should hold and be with the hype or just cash and enjoy the profits. I am at least going to hold until the next year though and then see how it goes.

[bitterguy28]

In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?

Well it is not a mistake because that is Greediness,They seek for more when they already have good enough.

Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.

Know when to get in and know when to get out, don't be a greedy bastard.

If you are a Good trader you don't need to keep that long holding,since you can just let lose for one and gain for other trade specially altcoin that fast moving in terms of value.

[TitanGEL]

For those who didn't experienced the crazy rally in the year 2017, make sure that you should do a backtesting wherein try to study the chart and the price action in that year. You should also learn from the mistakes of the other people who lose a lot of opportunities in that year because I'm one of those people who control by my own greed where I did not manage to sell my altcoins even though it is in all time high. I thought that my token will increase more and the reality is really different from my expectations because suddenly the bear market appeared and I incurred huge losses.

[NMBT]

For me the problem is:

Why are people buying at High prices, but you didnt buy when the price was low??

It doesnt matter if they are cryptos, or stocks. If you buy at high prices, you will have a crash 90% of the cases.

So, If I were new here, i will wait to see a big correction, or at least dont put all my money at this prices maybe 30%.

If you buy at low prices, It doesnt matter if they go down again, and again. Holding for long term is the best (and relaxed) strategy