Bitcoin regret story, Need advise!

[pinggoki]

I feel sorry for you but I'm afraid we're gonna be reading way more similar stories in the future. For those who knew bitcoin since the old days, we were expecting some big price rise but the thing is many of us got fooled by the altcoins/Icos/new best coin madness.
It's never too late to get better, don't get so bad at you.

Let's just remember that there is always a good time and good day that might happen to us, although this time might bad to you that you don't have any holdings of bitcoin right now but maybe next time you will be the one who will have so many holdings of bitcoin. Don't feel so bad for yourself right now because the day for you might come on right time.

[Reid]

You are not alone.  
I have one friend with the same story.
Panic was all the emotion he showed when Bitcoin was going down. Now, he regrets it.
I think I have said it over and over. There is never too late into buying Bitcoin or accumulating it.
There are a lot of ways. You could trade (risky) or you could use your skills paid thru Bitcoin.
I think most of the members here have the same regret but not as far as yours. Maybe sold at 20-25k mark.

[cabron]

Very common to those who buy at a high price in 2017 rally. We've read users who are also selling their coins amid the pandemic. Very unfortunate as they were force to sell their investment while the price is not profitable.

You can start all over again by trying to earn some coins and try to get a job that can support you. By having a job you won't have to spend your bitcoin for your everyday needs. There are thousands of jobs available on job sites today, some are even crypto related.

[The Cryptovator]

I must say this was a hard lesson for you. That's the common problem for newbies, we become panic if dump bitcoin price for a certain time. My story something similar to you, I hadn't sold Bitcoin for real cash, but I was bought some shit coins. I do not regret it, I still believe some days that would be recovered as well same like Bitcoin. Currently, it's hard to suggest what you should do. We don't know the reality either bitcoin will pump or it will dump. Right now my suggestion is to wait for a dump, if happen it then you are lucky and you may accumulate some.

[Rajs64]

I too sold my BTC's when it crashed. Keeping only few of those intact could have fetch me a good sum as of present.

What I did, and is still doing now is to let go this situation. Perhaps, it would be better if you diversify your income source and not to rely on BTC only.

[passwordnow]

Learn the lesson and you don't have to think of it all of the time. What's done is done and if you've sold due to the panic during the early days before the bull run, make a decision that you'll hold for a longer time and you have a definite price to sell whether the market shakes or not, you'll wait until that day comes. You're still free to keep on saving bitcoin until you see that price that you have set. As long as you're still able to make some and buy some, hold it with confidence.

[ChrisPop]

I know that the emotions you're going through are hard to grasp, but think this way: you could have not even heard or got into Bitcoin after all if it was not for your colleague.
Be happy that it happened and you have learnt a valuable lesson probably early in your life. Making 7X your money is not impossible. You can find opportunities everywhere you look, just need to look closely.

My opinion is that Bitcoin is still in a cocoon. We're witnessing only the tip of the iceberg. Just my 2 cents.

Cheer up, fellow and go after your dreams! Don't waste anymore time on feeling sorry. You're between the small majority that actually got into BTC early and spot the treasure.

[BitcoinGirl.Club]

However, all failed and I did not achieve or reach my goals. I end up into miserable decision making and are afraid because I stake my earnings that when the time bitcoin was crashing I end up selling it minding that bitcoin will going to end. It was like buying high selling low and that made me miserable right now. Why? It is clear that if I only hold bitcoin I can earn 7x of my money being invested. I can even build my dream house in the profit that I could get.

This is a common story. And new people in the community are doing this mistake all the time. Panic sell.

When it's time for selling they are actually buying. FOMO.

There were people who have seen bitcoin at round $3k not long ago. In the first quarter of 2020 we had this price. People were selling thinking same as you. That was the time to buy actually. FUD.

However, bitcoin is here to stay and the market has it's own rules. Market will give you opportunity. It's up to you when you want to enter or when you want to exit or maybe the best one how long you want to hold it. I know more people who have changed their financial life just buy holding bitcoin, not selling it.

[Bttzed03]

Unpopular opinion: Take a gamble on altcoins but don't go all in. You can set a small amount from your earnings in signature campaigns or from other sources. Visit Coingecko and you'll notice the number of large cap altcoins that are outperforming bitcoin at the moment. I'm not going to recommend any altcoin though. You can get a feel on what's "hot" or "brewing" on crypto twitter.

[pixie85]

According to statistics most investors don't make money on the market.

You shouldn't worry OP because unfortunately you did what the majority does which is lose money or leave with more or less the same amount that they entered with. Some earn 5%, some lose 5% but only a few make big money and to do achieve it you have to do what others will not. When the majority sells you have to buy, when most people buy you have to sell.

Don't worry, there's still time to buy some bitcoin. We are still early in the game, don't give up.

[romero121]

Nothing to worry on missing the opportunity, because I was aware of bitcoin during the early days. I thought of buying a bitcoin every month when I receive my salary. To my bad luck I lost my job. Then onwards the focus turned towards finding a job than spending on bitcoin. This continued and finally got a job. When I got into the job, the ultimate plan has changed to different dimensions. Bitcoin got very least place, and for that now I feel bad missing the chance.

[fiulpro]

I had love bitcoin ever since when it was being introduced to me by a colleague. I easily understand all the basic in cryptocurrency and that made me get excited even at first planning to invest with bitcoin. Yes, I did gets too much excited and invested in it on some of my earnings specifically from the real estate commission I made during the time when I was a part time real estate agent.

To cut the story short, I was seeing bitcoin as a way to learn more about financial freedom and financial literacy. Bitcoin for me was the perfect medium to achieve my goals on financial freedom. I have been dreaming like anyone else here that are not working but are earning through bitcoin investment.

However, all failed and I did not achieve or reach my goals. I end up into miserable decision making and are afraid because I stake my earnings that when the time bitcoin was crashing I end up selling it minding that bitcoin will going to end. It was like buying high selling low and that made me miserable right now. Why? It is clear that if I only hold bitcoin I can earn 7x of my money being invested. I can even build my dream house in the profit that I could get.

Now, it is a hard lesson to learn. I regret and hopefully there will be another day that bitcoin will be like this in the future.

For those who manage to earn huge. Congratulations guys! You did a great job.

BTW, could you make an advise to me on what to do right  now? I'm a little bit depressed.

Sana all merong bitcoin ngayon!

Hello
Most of us did that mistake , I had to encash because I had to pay my fee and other expenses so I do think there is no one that we blame here ? Just our situation. If you did have enough on your plate you wouldn't panic sell is what I believe.
That is what we call **panic selling**
I am really sorry since all the money you did invest created problems for you. I do believe you should for the time being" earn all that money back" , do not invest anywhere. WAIT!!
Take up jobs , earn it all back and then when you are ready to look at the price of bitcoins on google like every second then go and invest enough to make a good profit but not enough to loose everything if you need to hold on for long time.
Now if you will earn all that money back you could save yourself from the resentment. At the same time you will have a safety deposit.
But this time make a rule! Don't sell low!! Even if you think that the market is going to die. You might get *10 in just 1-2 years which is just like a FD but way better.
I wish you best of luck for the future and do not worry we all did this mistake and learned from it but you would get nothing out of regret.
Have a nice day.

[Zionatin]

Dude bitcoin is going to see 1 million. Covid has forced many countries to print out money and thus leading to inflation. Bitcoin suffers no such ill fate. A few years ago I think it was very obvious and almost a guarantee to gain great profits. People can't patient. Shut up buy some bitcoin today and lock it away for 5 years. I believe bitcoin will go past 1 million more than I believe my own counties currency will ever be worth anything. In fact, I have more faith in bitcoin than anything else in life. Why shouldn't it hit 1 million? It is still new but I think many people reading this will not listen and in 5 years regrets it.

So if you are not rich in 5 years it's because you didn't listen so come be rich with me!!

[AakZaki]

Regret for bitcoins, because you sold them early is not necessary. it's just a psychological problem. Everyone has varying levels of psychology. I also have a psychology that is sometimes unstable. You just need calm, patience and don't be too greedy.

If you have already bought at a high price and sold at a low price, you have to learn from that mistake. nothing is too late. Even today you can still make money trading Bitcoin. You must learn how to use analytical techniques and organize your psychology. and lastly, do not use household necessities or money that you need again quickly. Use free money or money that you don't really need in the future. it as your capital. Don't be too depressed, learn from past mistakes.

[gurunanakji777]

Things that happened can not be reversed you took the decision according to the situation of that time. I must say you should not regret it. If your fear became true you will be at more loss So be happy. At present, you must wait for more market correction. If you want to buy again Btc you must wait when Btc again drops 50% from its ATh. Keep patience you will get a chance again to buy but can not say when the time will come again.

[rhodelmabanal]

I believe that not everyone earn a huge amount of profit on this bitcoin bull run, many people are still didnt buy and hold bitcoin,because they maybe have fear on thier mind, in my mind there are a lot of questions like what if bitcoin will fall?, what if bitcoin will down 10x after i buy?, we cannot really help our self not to think some negativity in investing on bitcoin because it is always high on volatility and we dont really know what is the exact time of rising or falling the price of bitcoin.

[dohh]

To cut the story short, I was seeing bitcoin as a way to learn more about financial freedom and financial literacy. Bitcoin for me was the perfect medium to achieve my goals on financial freedom. I have been dreaming like anyone else here that are not working but are earning through bitcoin investment.

...

Now, it is a hard lesson to learn. I regret and hopefully there will be another day that bitcoin will be like this in the future.

For those who manage to earn huge. Congratulations guys! You did a great job.

BTW, could you make an advise to me on what to do right  now? I'm a little bit depressed.

Sana all merong bitcoin ngayon!

Now that´s an example of contradictions....
The best advice I can give you is to get out and as far a possible from cryptoes. You don´t even get, where did your money go...

[ethereumhunter]

Trying to do whatever you think is right, and do not regret what happened to you because that will not be important. Your future is the important thing right now IF you really want to have a better life in the future. You really need to work hard and smart from now on and not think about anything in the past. I am sure you can do that because you already prove that you can survive until now. Maybe you need to break for a while to refresh your mind and find other income sources.

[iTradeChips]

Why be a remoseful bloke who think that the world is about to end? Nobody knows the future and not even you would expect that the crypto would go sky high. You did what you did and that is it. No turning back I should say. You just have to be more resourceful now that Bitcoin is at the upper hand and you need different strategies so that you can earn more if you have no money left to invest with bitcoin and you can only invest in small alt coins.

[freedomno1]

Just wait it out, give it a few months nothing about Bitcoin fundamentally has changed just a fiat adjustment.
If you follow the history of bitcoin a correction drives the price dramatically downward.
Bitcoin is resilient and will stabilize at a new higher point than the last rally caused if you can hold your trigger
Guess all I have to say is be ready when you think it's a deal to begin your real entry.