CONFESSION TIME: I SOLD TOO EARLY

[stomachgrowls]

There is nothing wrong with selling your own investment or portfolios. The truth is that it is your investment and portfolio and your core focus as a trader or investment is to take profits. Before worrying about selling early; i would like to know if you were in profits, if yes ? then you are good to go, nothing to worry about.

Its quite obvious that he had said these things which i do saw that he is on profits but he had sold to early and just like what said above where people arent really that contented on what they have gained but instead on to be happy theyre quite regretful on what they had done without even thinking that they had able to make money.

Appreciation on what you had gained rather than to be stressful just because you havent able to make more.There's nothing to confess because most of those gainers did really do the same thing.

Be thankful on what you had gained rather than you are in losses.

[Kelvinid]

If I bought Bitcoin at $10,000 then sold it a $20,000, have we think that this is regrettable? Though we sell it too early as the market still peaking up but the fact that we aren't sure if the situation will go like this, we don't need to feel like that instead, we are so happy that we never miss the $20,000.

OP, what you did is right. You wanted security and yet, you also have a profit from it. Yeah, it was too great if you sell it at $23,000 but what if it dumps and you miss such a chance just 2017 where people/investors still holding as they look for more than $20,000? That was more regretable, instead.

[MCobian]

Only greedy people regret selling Bitcoin too early, in my opinion, the most important thing is that we can make a profit and avoid losses.
So it doesn't matter if we sell Bitcoin too early as long as we still make a profit. Successful traders are not how much profit they make,
however, getting profit consistently and being able to avoid losses are the keys to success in trading.

[Pokapoka124]

I sold at $23k and I'm still wondering if I made a smart decision. What if the market pumps and bitcoin hits $30k. You can predict the market for sure, it's best to sell at ATH and hope to buy the dump.

[Yamifoud]

I sold at $23k and I'm still wondering if I made a smart decision. What if the market pumps and bitcoin hits $30k. You can predict the market for sure, it's best to sell at ATH and hope to buy the dump.

$30k could be possible but we can't just say that it comes so easily. What you've done is a smart decision, you don't need to wait for that long and chasing $30k coz for me, it was a big mistake and brag by our greediness.
$23k is big enough especially when you just buy your Bitcoin at $15k and even at $20k, we can see already a huge profit from it.

You'll be thankful to sell at that price coz you will also be wondering what IF the market drops today but you never sell it. Probably, you will blame youself.

[Wind_FURY]

I think there is no one who sold on time. For that you need a lot of luck with all rest. Selling near peak is good enough for me.

BUT do you know where the "near peak" is for 2021, or 2022, or 2023 and so forth? I read some posts in the topic saying that they sold their coins priced at $23,000, or "near it", but what would they do if Bitcoin continued surging upward?

[nrvasquez]

I sold at $23k and I'm still wondering if I made a smart decision. What if the market pumps and bitcoin hits $30k. You can predict the market for sure, it's best to sell at ATH and hope to buy the dump.

$30k could be possible but we can't just say that it comes so easily. What you've done is a smart decision, you don't need to wait for that long and chasing $30k coz for me, it was a big mistake and brag by our greediness.
$23k is big enough especially when you just buy your Bitcoin at $15k and even at $20k, we can see already a huge profit from it.

You'll be thankful to sell at that price coz you will also be wondering what IF the market drops today but you never sell it. Probably, you will blame youself.

Yo, It's now $24k BTW. and also it's already a huge hell of a profit. and I also feel that you are right in this. do not do based on "IF", just do it if you are already profitable. because that too has happened and control your emotions and greed

[ReiMomo]

I think there is no one who sold on time. For that you need a lot of luck with all rest. Selling near peak is good enough for me.

BUT do you know where the "near peak" is for 2021, or 2022, or 2023 and so forth? I read some posts in the topic saying that they sold their coins priced at $23,000, or "near it", but what would they do if Bitcoin continued surging upward?

They will surely regret it once the bitcoin price will go up beyond $23k because they are selling on it at the target of $23k.

But for me, that is fine. If you think that if you are selling at the price of $23k then you have a profit, that is fine. Because you have gained already profit and you have nothing to lose with you. If you feel greedy and wait for a better profit, I guess much better if you have to monitor the market because we don't know exactly when is the perfect time to sell our bitcoins.

If you did not badly need money, I suggest not to sell early. I believe that bitcoin will go further than the price of $23K in the market.

[Altcoinsintel]

that's not the ideal time to sell if the market's too bear. I'm sorry if you just did.

We have an ideal time to sell? Shouldn't there be a careful plan that we should follow? What about today, price keeps rising and any day it can be January 2018 again and another two year bear market. Altcoins didn't even made it as previously. Is there an indicator when we should be selling? Also all the 2017 altcoins have never recovered, doesn't this mean they are probably not ever going to?

[Becky666]

Only greedy people regret selling Bitcoin too early, in my opinion, the most important thing is that we can make a profit and avoid losses.
So it doesn't matter if we sell Bitcoin too early as long as we still make a profit. Successful traders are not how much profit they make,
however, getting profit consistently and being able to avoid losses are the keys to success in trading.

That's what i personally considered 'smart' when a trader sold early in as-much s/he is into profit. Before the later bull-run that lead to this strong bullish movement in Bitcoin price, i sold some of my stash a week later the price of Bitcoin moved approximately 50% but was never at regret becasue my sold gave me some good profit too, which is the most important thing IMHO.

[imstillthebest]

it was eth first who do the show but later on it was stole by bitcoin  .
i dont know if link does the same because i didnt see link in altcoin discussions  but on your story it was bitcoin that you featured and what is the connect of the two alts eth and link  .
 you joined in 2016 and you sold at 2018 , you did not sold early  and you did not also loose because number one is the price already improved alot at 2018 compare to 2016 and number two is you started it all with free money .
sold early means that if you sold same year or earlier that month right after you started .

[kawetsriyanto]

I also experienced this often, sometimes I feel dissatisfied with the current sales rate and it turns out that the rate continues to increase. But on the other hand, we should be quite satisfied because we have previously set a rate at a certain number. don't be greedy because it doesn't always match our expectations. Therefore, we can divide a few percent to be sold at a certain rate and some are sold to increase even higher.

[JooBra]

I think there is no one who sold on time. For that you need a lot of luck with all rest. Selling near peak is good enough for me.

But people dont get contented on what they have earned but instead theyre trying to look into the farther side of things that they might able to earn big if they have hold much more longer.

What would be their words if they get caught in the dump and hadnt able to sell off that similar time? for sure they would tell that they had should sell earlier.

Its a common word for us human beings to have these things in mind.We do regret when we missed out better opportunities or we do regret when we dont able to get out earlier
to save up our ass.

As long you do gain then that what matter most.

I totally agree with you. Only thing that matters is to be in plus. But all what we sad it's learned with time.

[error08]

I also experienced this often, sometimes I feel dissatisfied with the current sales rate and it turns out that the rate continues to increase. But on the other hand, we should be quite satisfied because we have previously set a rate at a certain number. don't be greedy because it doesn't always match our expectations. Therefore, we can divide a few percent to be sold at a certain rate and some are sold to increase even higher.

To avoid regrets, we have to make a plan to buy and sell at a certain point, observe the market and make our own decisions, as long as it makes profits don't regret it.
in this case, prefer to sell a small portion whenever bitcoin price increase rather than sell all at once since the opportunity to sell at a higher point will be lost at that time.
The same thing for buying bitcoin, if the correction occurs, don't buy it immediately until the bear market takes place, or at least after 30% correction.

[optimisticcm]

OK, let's just say not many of us really believed bitcoin will hit $20,000 this year or this soon.

Personally, my eyes was on ETH and Link to do some unbelievable run that could have seen them rise some 1000% this year. I'd expected bitcoin to, at most oscillate between $7K and $13K this year, but amazingly it was bitcoin that stole the show to lead the bullrun charge.

So, now is perfect time to reflect and hear some confessions from some of our Bitcoin OGs who'd been here since the early days (I won't be surprised to see Satoshi himself resurrect on this thread, in commemoration of his 10th year AWOL anniversary, so, be on the look out. Yea, I remember "We're All Satoshi", but still.....)

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?

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.

Happens with all of us but even if you sold bitcoin too early i will suggest you to hold your Eth bags tightly as next year i expect eth to make decisive moves and it could be the real deal especially im talking in terms of leading the bulls, all i can say is that ethereum is going to be the highest demand coin in near future.

[qwertyup23]

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?

Like what I have mentioned to my previous replies, I first joined this forum way back in 2017 where the price of one (1) bitcoin was around $5,000. I used to earn some bitcoins through participating in campaign signatures but most of the proceeds went to fund for my education as living in a third-world country was tough. Looking back, if I had kept all of my earnings to my wallet right now, I could have around at least 0.5 BTCs but I do not regret spending those.

I still have some remaining bitcoins but basing on the trend on its price over the years, I would say that HODL bitcoins for 2-3 more years would definitely be in my favor.

[DarkDays]

I also experienced this often, sometimes I feel dissatisfied with the current sales rate and it turns out that the rate continues to increase. But on the other hand, we should be quite satisfied because we have previously set a rate at a certain number. don't be greedy because it doesn't always match our expectations. Therefore, we can divide a few percent to be sold at a certain rate and some are sold to increase even higher.

To avoid regrets, we have to make a plan to buy and sell at a certain point, observe the market and make our own decisions, as long as it makes profits don't regret it.
in this case, prefer to sell a small portion whenever bitcoin price increase rather than sell all at once since the opportunity to sell at a higher point will be lost at that time.
The same thing for buying bitcoin, if the correction occurs, don't buy it immediately until the bear market takes place, or at least after 30% correction.

I think like mentioned above if you're happy to distribute your moves in both markets if BTC goes up you only sell a fraction of what you're happy to sell even if it goes up. Having something like this where you gives yourself some room, then irrespective of which way it goes you might be covered.

It is true, you can't always catch the top but similarly you might not always catch the bottom either. With the strategy above you're putting yourself in a better position than >80% of people. But that's only if you're comfortable with it. May not work for everyone but its another option out there

[dunfida]

I also experienced this often, sometimes I feel dissatisfied with the current sales rate and it turns out that the rate continues to increase. But on the other hand, we should be quite satisfied because we have previously set a rate at a certain number. don't be greedy because it doesn't always match our expectations. Therefore, we can divide a few percent to be sold at a certain rate and some are sold to increase even higher.

To avoid regrets, we have to make a plan to buy and sell at a certain point, observe the market and make our own decisions, as long as it makes profits don't regret it.
in this case, prefer to sell a small portion whenever bitcoin price increase rather than sell all at once since the opportunity to sell at a higher point will be lost at that time.
The same thing for buying bitcoin, if the correction occurs, don't buy it immediately until the bear market takes place, or at least after 30% correction.

Identifying correction or bottom price is always been a big question for us this is why we do make out some bad decisions because we dont know on what would happen next.Securing profits is always been the main plan and having some goals or take profit level is a must because if you do just wait up
for making yourself get caught in the dump and missed out profits.
Always set plans on when to sell because if you just wait up for something more then this will might result into other possible outcome.
Be contented on what you had gained and appreciate on what you had earned.

[Ryker1]

There is nothing wrong with selling your own investment or portfolios. The truth is that it is your investment and portfolio and your core focus as a trader or investment is to take profits. Before worrying about selling early; i would like to know if you were in profits, if yes ? then you are good to go, nothing to worry about.

As he said above, he was in profit, but he sold too early. He hoped that this time bitcoin will turn around in about the same place as last time around $ 16,000, but this did not happen and bitcoin continued to move.
The chance has been missed, it remains to wait for a pullback and buy at lower levels.

Well, there is always a correction when it comes to bitcoin price. We must also prepare ourselves because anytime bitcoin price will down without noticing us that instead of aiming profit will turn out to massive losses because we don't know that the market was already correcting the price. However, don't regret if you will be sold it early, why? --because if you have already a profit at the time you sold your bitcoin, that is fine. Perhaps bitcoin will hit another ATH before it will go down again just like what happened in 2018.

[Wind_FURY]

Buy the dip, and HODL. That's our only option during the "early adopters" and "late adopters" phase. Everything you HODL is your life-savings. If you're not rich, SAVE. Bitcoins wasted, is Bitcoins in someone else's hands, not yours. It's not mere fiat you're wasting.