Oh that feeling... when the price goes crazy...after you sold!

[Kakmakr]

Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.

A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)

Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.

Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)

So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)

[mk4]

Here's a very similar topic just posted yesterday. Topic: How do you deal with 'Selling early' regrets?

Anyway, you said you sold because you needed the extra push, and you did achieve that. I really don't see the problem in your case assuming you actually still have a good amount of bitcoin left; also taking into consideration that timing a buy or sell position is almost impossible anyway so there's almost nothing you could've done to predict this price increase. I mean, what if it ended up going the other way instead?

Also, there's a reason why I personally almost never sell a substantial amount of bitcoin without any reason. (e.g. I need to pay $1k to my dentist, so I only cash out $1k worth of BTC. No more, no less).

[mocacinno]

I also sold some of my stash (about 20% of what i'm holding) at 22.000€,  now we're at 32.000€... It'll make a reasonable dent in my mortgage, make life easyer for my family over the next 15 years even if i sold early...

The thing you have to remember is that nobody has a magic mirror, at the time you sold your btc @18k, it was perfectly possible you were selling at the absolute top. There was no way of knowing this, there was a 50/50 chance the price would rise (so there was also a 50/50 chance it would plummet).

Only a very small percentage of the sellers will succeed in selling exactly at the highest point and buying back at the exact lowest point... And even then: it's just a game of luck.
If you're around long enough, you're bound to make some mistakes. I can only say i've learned a couple expensive mistakes IRL over the years. In this case, selling early isn't even a real mistake in my book.

[btc78]

Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.

 I decided to sell a coin or two..

Meaning you still have much on your pocket ,so that doesnt Bothers you anyway , selling at 18,000 but the price continue to grow to 40,000 meaning the supposedly losses on those 2 coins are already covered .

Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.

valid reason , Nothing to explain further.

So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)

I just Close my Eyes and stop checking the market for a while , I had this same decision back in 2020 when the Market starts crashing In march , but no regrets now as the Plan still moves in favor in the end of the year.

[Kakmakr]

I also sold some of my stash (about 20% of what i'm holding) at 22.000€,  now we're at 32.000€... It'll make a reasonable dent in my mortgage, make life easyer for my family over the next 15 years even if i sold early...

The thing you have to remember is that nobody has a magic mirror, at the time you sold your btc @18k, it was perfectly possible you were selling at the absolute top. There was no way of knowing this, there was a 50/50 chance the price would rise (so there was also a 50/50 chance it would plummet).

Only a very small percentage of the sellers will succeed in selling exactly at the highest point and buying back at the exact lowest point... And even then: it's just a game of luck.
If you're around long enough, you're bound to make some mistakes. I can only say i've learned a couple expensive mistakes IRL over the years. In this case, selling early isn't even a real mistake in my book.

You could not have said this any better, because that is exactly how I feel at the moment. I just know if I did not sell those coins and the price went back to $10 000 or $12 000... then I would have felt much worst. That is money in the Bank now... and I killed a lot of small jackals with those irritating debts that had to be settled.

The settled debt takes away the monthly payments and also the interest on the outstanding balance... so it is a double bonus for me. ( I get interest on the balance in the Bank AND I have more money to spend, without all the high interest I had to pay on that debt ) 

[mocacinno]

--snip--

You could not have said this any better, because that is exactly how I feel at the moment. I just know if I did not sell those coins and the price went back to $10 000 or $12 000... then I would have felt much worst. That is money in the Bank now... and I killed a lot of small jackals with those irritating debts that had to be settled.

The settled debt takes away the monthly payments and also the interest on the outstanding balance... so it is a double bonus for me. ( I get interest on the balance in the Bank AND I have more money to spend, without all the high interest I had to pay on that debt )  

Looks like you're one of the lucky ones to live in a country where you still receive intrest for the money in your bank account... In my country the intrest rates of allmost all banks has dropped to 0.01%, but an average account costs like 3€/month, and you have to pay an extra tax when the bank calculates you intrest...
You need to have an account with >300.000 euro's to make a net profit (not including inflation) if you keep your money @ the bank in my country.

But yeah, my mortgage still has an intrest rate of 1,4%, so paying off part of my mortgage will have a positive effect on my family's monthly balance... And i feel better when i have less debt with big banks nowadays.

[Lucius]

It has happened to me many times, but I have learned to deal with it, and it is no longer a problem for me. Every year during Black Friday and during the upcoming holidays I sell some BTC to buy some things for myself and my loved ones, and I can't regret that today the price is more than twice as high as at that time.

Of course, we need to find the right balance between spending and saving, so as long as that's the case, I'm not sorry that I spent a small part of BTC - I'll do it again regardless of the price when I want to buy something for BTC or when I need extra cash.

[rijaljun]

Just want to share a little experience with you guys....and I think most of you have gone through that too over the years.

A week or two ago I saw the price going over the previous ATH of about $18 000 and I decided to sell a coin or two.. (never even thinking that the price would jump like this)

Now.. I know most of you guys will say that you will never sell at these prices, because you are waiting for the Moon... but I needed a bit of a push and some extra cash would have made life so much easier (and it did) ...so I sold some.

Well... within little more than a week or two.... the price skyrocketed to almost $39500 (doubled) and I now get that "Sell" regret that most of us have had in the past. (If I held on longer, I would have received double the amount in cash)

So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)

You can't really blame yourself with that you made that decision few weeks ago and you should deal with it. Even though this is not trading related but I think I get your point I've been into gambling and most of the time I choose to do a "Last bet" and always ended up losing to deal with it I just entertain my self to different stuff such as watching movie or any not related to gambling I think if you really can't leave it out on your system you can just reinvest again on Bitcoin.

[Darker45]

That's a lost opportunity and you cannot bring it back. It is futile to cry over spilled milk. Well, you learn your lessons and move on. Regrets won't help you. I guess we all have gone through more or less similar situations.

We've been here before. We've known and bought and earned Bitcoin for years now, and between the past and today many things have happened. It is almost impossible for us average Bitcoin holders not to spend or convert some of it all through those years.

I actually paid a significant amount of fiat-denominated debt in Bitcoin in the third quarter of last year. I didn't have to pay it at that time but because I thought the price has already recovered enough, I deemed it the perfect time to pay a large debt. That was when the price of Bitcoin was around $10,000. We all know the price has quadrupled since then. Well, I can only shrug and take a deep breath and that's it.

[meanwords]

So... How do you guys deal with that? (Water under the bridge or buy back in on the dip again?)

Mostly buying back after a few dip. As long as you don't sell 100% of your Bitcoin holdings, you'll not regret it since you are still holding, at least that's what I do. It seems that you are still holding a few coins though so it's okay to buy back, you're at a profit anyway.

[cheezcarls]

This is my exact feeling when I sold BTCs when it was around $16K+ approx. I bought some sats when it was still cheap around $12K+. My profit would have been sweeter if I did not sell too early. This is exactly how crypto works. We can’t predict the price right, because the movements are unexpected and can pump or dump without warning.  

[GreatArkansas]

For me, "There is nothing wrong with taking profits".
No one knows the next move of Bitcoin, it will only dump or pump. The last time I bought Bitcoin below $10,000, I have my goal that if Bitcoin reaches X price, I will sell some or will take profits, and use those profits in a good way, buy some needs for my family, treat myself and not to use in gambling those profits.
I always think that there will be always a good opportunity to buy Bitcoin.

[AjithBtc]

Price has been rising like anything. Everyone who are into the cryptomarket need to have the patience and the betterment of making immediate decisions. Most of the users here cashout only on need. Upon this there is nothing to regret, because we've used it on something as there is no option.

[sunsilk]

This is a common act that we do. You've decided to sell at the price of $18,000 and there's no need for you to rethink it. The feeling of regret will remain there if you keep thinking about it and that's not easy to remove.

You just did your part of taking profits and I did it too before and even lower than the price you've sold. What matters is that whenever you sell, you still keep a portion for the long term keeps.

As long as you've managed to use that profits properly and you knew that it has been used for good, no regret. And as your choice, you're still free to buy during the dips.

[ethereumhunter]

I feel the same as you. But there is nothing we can do because the bitcoin price already increases more than the price we sell. We still have much time to sell at the other higher price, and I hope that before we sell, we can analyze deeper to find the right price to sell. But sometimes, when I got that experience, I am in an urgent situation that makes me sell my bitcoin, no matter how much the price. So I think I do not regret selling at a lower price.

[Little Mouse]

I can feel you.
Although I was not in hurry as of you, I had sold all of my BTC holding when the price was $31000, well, this was my mistake to sell at that point. I didn’t want to take risk, that’s why I put a stop loss order selling at $31000 when the price hit $33000 for the first time. If you have seen the chart, there was a big drop within few minutes after it hit $33k and my order was filled and I ended up selling my BTC although I didn’t want to sell directly.

[taufik123]

Hey guys, don't feel sorry for your decision to sell your Bitcoin Asset for $ 18k, that's the right choice you've made. The most important thing is you get a profit. If the Bitcoin price continues to skyrocket you should take advantage of it by buying when the price starts correcting. But for now the Bitcoin price is very high and has a greater risk of being bearish.
People who are able to hold on to the $ 40k price point longer certainly have good psychological strength and good analysis.

You must feel satisfied with your achievements or with your profits, don't regret what you have sold, the most important thing is that you don't lose.

[BrewMaster]

i never say i never sell, instead i always sell whenever there is a big rise the difference is that i never sell large amounts such as "a coin or two". that is just crazy.
what i do is that i sell a small amount whenever i feel like a big target was reached such as breaking the ATH or breaking a significant resistance such as $40k.
and i always do that when i think there is going to be a drop, like when the rise runs out of steam and can correct. i am not always successful in predicting this but when i am i always buy back in the dip with at least the same amount of bitcoin and cash out the difference or just buy back with all the money and increase the amount of bitcoin i have.

[jrrsparkles]

When we actually in need of cash and the Bitcoin is the only asset we have then there is nothing wrong with selling it but especially when we are in bullish trend we shouldn't have to convert a huge part inti cash, better sell only what we need and keep everything as Bitcoin.

[Debonaire217]

I think you are not just the only one in a few that experience the same thing, I sold somewhere at $17k and I also have deep regrets about that action, though I bought something important for myself with that. Over time, I am computing how much I should have right now if I hold longer. But when I ask my friends about my experience, I figured out that I am not the only one and they advised that I should not take it too deep as when the time I sold, I also gained profits. They said that profit is already a profit no matter how big it is, we should be thankful for the gains that we have compared to those who will buy at the ATH then the price will just decline drastically. We just need to be patient enough to wait a little longer until the correction happens and then accumulate as much as we can and learn from the lessons from the past.