CONFESSION TIME: I SOLD TOO EARLY

[Hamphser]

Im aint a miner and im aint an early adopter but we are here and able to see the progress and developments on where Bitcoin did able to reach.
Selling early isn't really that much considered as a mistake as long you do make money.
Regret is there but we shouldn't really make this thing for us to get stressed.We can always go in again in the market and make yourself profitable
but of course the risk is there since youre dealing with moving market.

[wxa7115]

I got into Bitcoin in 2016 through Freebitco.in when its price was $416. Then it gave out about 800 sats per hr on its faucets. Even though there were some standard and functional exchanges back then, there were no practical way to deposit fiat from my country for purchases. So, the only option was faucets.
I was able to raise about 0.04 btc from that site which I invested in mostly arbitrage trades on DOGE/BTC markets in Tradesatoshi, Coinexchage, Bluetrade, Mercatox, Coingather and some other similar exchanges that had doge sub-markets.

I made a lot of money from my arbs, also made losses with some exchanges exit scamming and all that. Then came the 2018 slump. I watched helplessly as my portfolio dwindled day after day, and when I couldn't take it anymore, I sold it all off and withdrew my money.

In hindsight I sold too early.

Personally I do not see the problem, you sold your coins when a great deal of those that invested in bitcoin back then did otherwise the market would not have crashed the way it did, your real problem was not coming back to the market once things settled down, and not only that you had years to do it and yet you never took advantage of the relatively low price of bitcoin during that time.

Even at the current prices I think this is a good opportunity to buy bitcoin but taking into account your previous history of panicking and selling your coins too early then it is probably better for you that you wait until this bull market ends and we see an important correction or crash and then you can enter the market once again.

[passwordnow]

As in all? even your alts have been sold too during that bearish market? that's not the ideal time to sell if the market's too bear. I'm sorry if you just did. Welp, I even sold early too but that doesn't mean that I've sold all. I've sold a portion, might be a 1/4 of my total holdings halfway to the price of bitcoin now. But regardless of that, still I'm happy to have held it and see it growing up and I'm still part of the hodl gang. What are you up to this time? you still accumulating or not anymore? you're not focusing with bitcoin anymore or you are coping up?

Yea, sadly, I sold all.

You see, it was my first experience of a bear season. All the while from my entrance in 2016 nothing like that happened. Yes, there were occasional slumps in prices, healthy retraces in alts too, that was the stuff my Arbs trade was made of. But all of a huge surprise, from Q2 2018 on, prices refused to recover anymore and no one asset was spared, non showed some hope. And in fact, at a time, it became unfathomable that prices will ever rise. We all thought it was a bubble after all and that everything was going to zero.

It was heart-wrenching back then.

 But then came 2019 March and some turning point appeared across the horizon. The industry haven't looked back ever since.

That's very sad. You can still get up from that feeling and we're on the better days today. I haven't thought that it was an actual bubble that will make everything go to zero. Those days were the opportunity for most who are wanting to buy but then they've thought that bitcoin would be going down to $1k and yet it didn't happened. The same goes by that happened for this year on March, it was a quick reversal and slump for the whole cryptocurrencies but it's able to recover and now, here we are.

[coinriches]

And, no matter what, be proud of your contributions to the development and adoption of the Bitcoin phenomenon, because, we won't be here today without you. If you mined you helped stabilized its decentrality. If you sold you helped in its fare distribution. If you held you helped others to believe in Bitcoin.

I still remember very well that in 2017 I sold about 10 bitcoins for about $ 19,500 on the poloniex.com platform, before the end of 2018 my account could no longer be opened. luckily it's sold out. I really don't feel it's too early to sell it early. But what I do imagine is why I don't set it aside at all for my next future. 2019 I retired, spent time trading, built a house, got married, and started again in early January 2020. It turns out that bitcoin will surpass this far. very unexpected.

Wow! Congrats bro. Great foresight to read the market perfectly. December 2017 was the perfect top, 2018 thru 2019 was also the absolute winter for all of crypto.
Wish I have your handle to follow on twitter so I too can share in your other smart moves in the market.

[maydna]

And, no matter what, be proud of your contributions to the development and adoption of the Bitcoin phenomenon, because, we won't be here today without you. If you mined you helped stabilized its decentrality. If you sold you helped in its fare distribution. If you held you helped others to believe in Bitcoin.

I still remember very well that in 2017 I sold about 10 bitcoins for about $ 19,500 on the poloniex.com platform, before the end of 2018 my account could no longer be opened. luckily it's sold out. I really don't feel it's too early to sell it early. But what I do imagine is why I don't set it aside at all for my next future. 2019 I retired, spent time trading, built a house, got married, and started again in early January 2020. It turns out that bitcoin will surpass this far. very unexpected.

Wow! Congrats bro. Great foresight to read the market perfectly. December 2017 was the perfect top, 2018 thru 2019 was also the absolute winter for all of crypto.
Wish I have your handle to follow on twitter so I too can share in your other smart moves in the market.

Sold 10 bitcoin is huge money, and with that money, he can do many things for his life. I am sure we will have the opportunity to follow his story and make our own story. And while the bitcoin price is at a current price, we can prepare by having more bitcoin to sell at the next highest price. Yes, December 2017-January 2018 was the best year for many people who already sold their bitcoin, and we can repeat that soon.

There are still more times for us to be ready now, especially if we want to have more bitcoin. Soon, the barrier price of $24k and the next price will be a break, and that means we will have that chance to sell bitcoin at the high price we want.

[OgNasty]

[xSkylarx]

how or where did you first discover Bitcoin?

I found bitcoin way back 2016 or 2017, not sure exactly but its price at that time was only $200 and I got interested to it because it gave me some extra money to use in my studies.

Did you mine on your laptops?

Never tried it because I've read that it overheats your device that it mustn't be done on a simple pc or laptop.

Did you buy from MTGox or one of those early days trade platform's?

Nope, I was not into trading that time. All I know is to gamble using bitcoin.

And, most importantly, did you sell too soon? Or luckily, did you hodl till now?

I'm still hodling now though I plan to sell before the year ends then buy again at correction. Greediness is really hard to overcome when you keep thinking that it will pump more.

[Inkdull]

I started learning more about bitcoin in 2016 but lack of exposure is why I couldn't buy, I had enough money then but the right exchange to buy is unknown to me and later in February 2017 I learnt about LUNO platform, a perfect place to buy bitcoin if you are in africa since your wallet is linked to your bank account directly so funding was easy and I went ahead to buy half a bitcoin then, by November 2017 I was in money because bitcoin have already over tripled in price, by December I had to let go, sold my bitcoin and decided to invest in some mining rigs, big mistakes as I could have invest in altcoins instead and make more money in January 2018

[coinriches]

how or where did you first discover Bitcoin?

I found bitcoin way back 2016 or 2017, not sure exactly but its price at that time was only $200 and I got interested to it because it gave me some extra money to use in my studies.

Did you mine on your laptops?

Never tried it because I've read that it overheats your device that it mustn't be done on a simple pc or laptop.

Did you buy from MTGox or one of those early days trade platform's?

Nope, I was not into trading that time. All I know is to gamble using bitcoin.

And, most importantly, did you sell too soon? Or luckily, did you hodl till now?

I'm still hodling now though I plan to sell before the year ends then buy again at correction. Greediness is really hard to overcome when you keep thinking that it will pump more.

Awesome!

Still hodling since early 2016 (that must have been Jan-Feb 2016, cos I met it at $416 in April). Way to go.

But I wouldn't advice you to sell now, because, historically Bitcoin had always exploded in early January even when it slumped momentarily around Christmas. Moreover, the institutional money we've been waiting for have started to trickle in.
January too is also the traditional Alts season. Most of them tends to pump in January.

[bassbity]

Wow! Congrats bro. Great foresight to read the market perfectly. December 2017 was the perfect top, 2018 thru 2019 was also the absolute winter for all of crypto.
Wish I have your handle to follow on twitter so I too can share in your other smart moves in the market.

I relied on fortune at that time, bro, I am not a person who has knowledge in the field of trading, even I am just an elementary school graduate student. but luck is good, this is a miracle, I trade not using proficient skills, the story is quite long. but the note is that I bought bitcoin in 2015 at a very cheap price.

I hope you guys experience what I experienced with the bitcoin story.

[Reid]

I am also guilty of selling some Bitcoin.
Why? I was really tempted by the huge number.
Also, my wife just keeps on bugging me about buying new appliances for the house.
Of course, she knows I have bitcoins stacked in my wallet and she also checks the exchange.  

Well, I made her happy, and now her mouth is zipped tight.  
I can go back into keeping more.

[Question123]

There is a time that we regrets of what we are doing in the past but the important with is when you are sold your bitcoin make sure you earn profit. Many people sold early their bitcoin because they did not believe to the bitcoin but the price is more than 20k dollars which is very good to see and those people who are hold their bitcoin they deserve to get more profit and that is their reward for trusting bitcoin that it can grow again.

[CryptopreneurBrainboss]

Let's hear you, how or where did you first discover Bitcoin? Did you mine on your laptops? Did you buy from MTGox or one of those early days trade platform's? And, most importantly, did you sell too soon? Or luckily, did you hodl till now?

None of those things really matters now as it won't make any difference if you had bought bitcoin earlier like in the very beginning or you bought during the march pandemic sell off that saw bitcoin trading below $5k. What really matters is how long would you be willing to hold onto the bitcoin you currently own. The future of the industry is very bright as you can see progress every year.

Institutional investors are currently making the space most entertaining as they're constantly pouring in funds into the industry through their investment. Sooner the price for f one bitcoin would be trading above$100k and that's a reality judging from the progress the industry is recording yearly.

Don't get pressured into taking decision that doesn't favour your investment strategy, you might have sold too early but that doesn't stop you from re-entering the market. The market is too young to back out so early, give it some time and you won't regret making that decision.

[sana54210]

I have mined some on my laptop, which these days means that I was early, I wasn't really "that" early, I didn't reached to days when bitcoin was under 1 dollars, or even under 30 dollars which apparently was the first pump on bitcoin price.

However I was around when bitcoin was around 100 dollars, which means I could have made around ~250X times the money I invested, not bad at all, that type of return seems incredibly well, however consider how much would you invest into an unproven thing like this, plus how much money do you have to invest anyway? Sure some people who had hundreds of thousands of dollars would have had a lot different worlds, but even if you invested 1000 dollars into it, you would have made 240k which is a lot of money, it would allow you to do whatever you want for a while, but it is not retire right now money in many nations. So, do not assume everyone would have been super wealthy and millionaires.

[maxreish]

But oppositte of your thinking, I am one of those believer that bitcoin can surely hit new ATH. See it reached $24,000 and I didn't sell all of my holdings. And sold half when it reached $19k.

I can't blame you to sell of your btc at too early. Many are panicking and making sure they won't be late to sell it and worried that it may dump hard and will gonna difficult to recover but then again it went smoothly up.

Im still a long term holder so whatever it may take, I can still hold on and wait for my target price.

[abel1337]

You might be disappointed with your coin you're hoping for but expecting it to run about 1000% is pretty hard for a coin that is established. We, cryptocurrency users, know the experience of the high volatility but our expectation with value gain should be realistic.


Lucky for those who experienced mining in the early days of bitcoin, I wish I have the capabilities before to mine some.

I experienced selling too soon before the ATH in 2017 and it feels terrible to miss the rare opportunity of selling at an ATH price.

[carlfebz2]

You might be disappointed with your coin you're hoping for but expecting it to run about 1000% is pretty hard for a coin that is established. We, cryptocurrency users, know the experience of the high volatility but our expectation with value gain should be realistic.


Lucky for those who experienced mining in the early days of bitcoin, I wish I have the capabilities before to mine some.

I experienced selling too soon before the ATH in 2017 and it feels terrible to miss the rare opportunity of selling at an ATH price.

Due to unpredictability of the market and dont have the ability to know on what would happen in  the future then misses like this is pretty common.

This is why we cant really avoid on not to get upset when we do saw the price had clinged up and we thought to ourselves that we should have sell later on
for us to make more big money in talks of profits but well whats done is done and theres no way to get back.

Thing you should think is that you do make out profits and that what matter most even though its less but still considered as positive one.

[DarkDays]

You might be disappointed with your coin you're hoping for but expecting it to run about 1000% is pretty hard for a coin that is established. We, cryptocurrency users, know the experience of the high volatility but our expectation with value gain should be realistic.


Lucky for those who experienced mining in the early days of bitcoin, I wish I have the capabilities before to mine some.

I experienced selling too soon before the ATH in 2017 and it feels terrible to miss the rare opportunity of selling at an ATH price.

Due to unpredictability of the market and dont have the ability to know on what would happen in  the future then misses like this is pretty common.

This is why we cant really avoid on not to get upset when we do saw the price had clinged up and we thought to ourselves that we should have sell later on
for us to make more big money in talks of profits but well whats done is done and theres no way to get back.

Thing you should think is that you do make out profits and that what matter most even though its less but still considered as positive one.

What you're getting on here is the truth, man. The thing is many of us sold at a time we thought it would be best for us, now a few years on we realize that we shouldn't have. I mean this is something A LOT of people do, and it requires a lot of faith not to sell out in a red market.

So, don't get down by it, take it as a lesson on the chin, and learn from it 

[Fatunad]

You might be disappointed with your coin you're hoping for but expecting it to run about 1000% is pretty hard for a coin that is established. We, cryptocurrency users, know the experience of the high volatility but our expectation with value gain should be realistic.


Lucky for those who experienced mining in the early days of bitcoin, I wish I have the capabilities before to mine some.

I experienced selling too soon before the ATH in 2017 and it feels terrible to miss the rare opportunity of selling at an ATH price.

Due to unpredictability of the market and dont have the ability to know on what would happen in  the future then misses like this is pretty common.

This is why we cant really avoid on not to get upset when we do saw the price had clinged up and we thought to ourselves that we should have sell later on
for us to make more big money in talks of profits but well whats done is done and theres no way to get back.

Thing you should think is that you do make out profits and that what matter most even though its less but still considered as positive one.

What you're getting on here is the truth, man. The thing is many of us sold at a time we thought it would be best for us, now a few years on we realize that we shouldn't have. I mean this is something A LOT of people do, and it requires a lot of faith not to sell out in a red market.

So, don't get down by it, take it as a lesson on the chin, and learn from it 

We dont know the future thats why these things you would consider it as a mistake which it isnt really that be counted.We have sold into those prices on where we do believe that might be the peak and holding for long
term or for many years doesnt really sound easy just like on what everybody do believes on and it is indeed do need a lot of faith and self control along the process because once you do saw the price is already high
or way more than on where you do bought it then you would normally be having on mind that this might be the best time to sell out for the belief that the price might corrected later on.
As part of human nature on where we do secure things up when we do see the opportunity thats why these kind of reactions are quite common.

[Nellayar]

I sold my funds in binance when bitcoin was 10K level. I sold it because there was a Super typhoon that hit our province in my country, Philippines. We were hit by 3 super typhoons and to be able to support my family needs, I had to sacrifice my trading funds. In fact, I had to made a loan as well due to the devastation made of super typhoons. However, I still manage to make some money in trading and recovers slowly what I lose last time. Right now, even I have small amount of capital in trading. I am lucky because I doubled up my funds since bitcoin went 20K above level. I also rid the GRS and GRT pumped.