I regret selling BTC for entering DeFi. HODLing is the way!

[ecnalubma]

That’s not a mistake, What if the opposite happened, your Defi investment grows and BTC dump? Crypto’s are unpredictable sometimes our decisions favors us but sometimes don’t. Learn from that lesson, we all made wrong decisions sometimes and lose a lot but that’s what make us better investors.

[TedMosby]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

you should not regret it. you learn a lot of things because of that.
we are all part of the supply and demand, and we are the reason for the price changes.

let me share this legendary thread by Laszlo Hanyecz to cheer you up.
https://bitcointalk.org/index.php?topic=137.0

I spent it all on pizza long ago:  https://blockchain.info/address/1XPTgDRhN8RFnzniWCddobD9iKZatrvH4

3-4 years ago there were less than 100 people frequenting this forum, and I was pretty happy to trade 10,000 coins for pizza.  I mean people can say I'm stupid, but it was a great deal at the time.  I don't think anyone could have known it would take off like this. Smiley

Laszlo

https://bitcointalk.org/index.php?topic=109.msg5141191#msg5141191

[maydna]

Sometimes, the temptation to earn bigger money will come to us, especially if we see the new trend comes in front of our eyes. We are seduced to invest our bitcoin in the new project, which we don't know if it can succeed in the short or long term. That is greedy, and we must know how to prevent it before we regret it.

@OP, you are not alone. I am sure people will have the same experience as you, but it already happened, and there is nothing we can do or regret. Make your mistake as an important lesson, so you can learn better and grow bigger than before. It is why we always warn people that holding bitcoin will be worth it than holding an unknown project. But don't get it wrong because some altcoin can be the potential coins, but that will not easily identify the coin.

Now, you need to rise and don't regret what was happen. You still have time to recover your balance because the market now moves very well, and I am sure you can make a profit step by step if you have patience. Remember, you need to stay focus and don't give up.

[Bitcoinislife09]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

I think Defis is a good project but compared to bitcoin investment it is risky and bitcoin is less risky because there were just so many investors when it comes to bitcoin. Defi mostly could fail in the process but I see a lot of Defi project gives a good amount of profit especially in just a short term of the investment. Defi is the new ICO here and investing in it was great in my experience but I guess you're just unlucky picking a good Defi token investment. If I have a good volume of bitcoin I will not exchange it for some token but if it was just a small amount I would take a risk since defi would give much more profit.

[SquallLeonhart]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Bitcoin will always be a better investment than most of the crypto assets or Defi and whatever . Anyway it’s not everyone that will HODL and make profit up to $47000, if you are able to HODL till $30,000 like you have said and you got profit then you’re lucky that you got something at least, cause there are people who don’t get any at all. And by the way, Defi projects are good also , profit doesn’t come always, that you didn’t make huge enough profit doesn’t mean that they are bad, no they are not. There are so many of them that are very good. Stop making it seem like you’re entitled to huge profit.

[Furious 7]

Sometimes, the temptation to earn bigger money will come to us, especially if we see the new trend comes in front of our eyes. We are seduced to invest our bitcoin in the new project, which we don't know if it can succeed in the short or long term. That is greedy, and we must know how to prevent it before we regret it.

@OP, you are not alone. I am sure people will have the same experience as you, but it already happened, and there is nothing we can do or regret. Make your mistake as an important lesson, so you can learn better and grow bigger than before. It is why we always warn people that holding bitcoin will be worth it than holding an unknown project. But don't get it wrong because some altcoin can be the potential coins, but that will not easily identify the coin.

Now, you need to rise and don't regret what was happen. You still have time to recover your balance because the market now moves very well, and I am sure you can make a profit step by step if you have patience. Remember, you need to stay focus and don't give up.

The temptation will definitely come over us by holding the BTC which we expect with a lot of USDT profit, I am one of which I even targeted $40k to sell BTC and switch to several altcoins but in fact different altcoins are more risky than holding bitcoin is safer and even stronger with market trends and some big investments from other companies so this will be a lesson and we will see how to hold it longer with big profits.

I prefer to avoid new projects because I have no experience in verifying so I will just follow the market trend when it will explode then we need to monitor and buy it sometimes it is also a potential coin and it will be profitable for us going forward.

[abel1337]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Yeah, We can consider it today as a wrong decision, But what if BTC dumps and your Defi journey were successful? It's about taking chances but it's not bad to try a small amount first and if successful you will not regret it like you are experiencing today. I'm pretty sure that it was not only you who has the same case, There are many people now who regret selling their BTC and put it to other things that they can get profit. I also sold some of my bitcoins in the 28-35k price range but I didn't sell it all, I made a partition in selling and I'm glad that I did it.

[Nikole Fischer]

Don't worry! The main thing is that you made a conclusion for yourself.

I also think that hodling is the best way to farm money. I started hodling a long time ago, but I invested whenever possible when the bitcoin price was 20k-30k. At the moment, the price has already been paid off several times. Keep HODLing, guys! 

[Twentyonepaylots]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Yeah, We can consider it today as a wrong decision, But what if BTC dumps and your Defi journey were successful? It's about taking chances but it's not bad to try a small amount first and if successful you will not regret it like you are experiencing today. I'm pretty sure that it was not only you who has the same case, There are many people now who regret selling their BTC and put it to other things that they can get profit. I also sold some of my bitcoins in the 28-35k price range but I didn't sell it all, I made a partition in selling and I'm glad that I did it.

The thing is, DeFi is still pretty much at its infantile stages, which is mainly the reason as to why it is not as profitable as let's say the giants in the market like bitcoin. If I remember correctlyDefi has just been released like 1-2 years ago, compare that to bitcoin with more than a decade of experience in the market and had withstood both the best and the worst of its time. I'm pretty sure DeFi will become as profitable as bitcoin is in the future, and so don't downplay it too much. And if I may add, always diversify your asset buy, that helps ensure that you get the best of both worlds, or is at least at a good security compared to pooling a massive investment into just one asset.

[milani]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

DeFi is a good and attractive topic and direction nowadays, but it's risky features nobody's cancelled. Of course our experience is a very valuable thing for all times and it is a pity that very often we get our experience through losses and regrets. And of course it is absolutely  useless to say now you should better invest into DeFi assets from some other resource, not touching assets in BTC. But nowadays the step was done and result will not change. DeFi is really attractive, but nowadays it is a hype direction. And it will not last forever in my opinion. At least not for all DeFi projects that appear nowadays, because only some percentage will stay alive after some time, only strongest projects. But holding Bitcoin is quite another thing.

[k@suy]

I think Defis is a good project but compared to bitcoin investment it is risky and bitcoin is less risky because there were just so many investors when it comes to bitcoin. Defi mostly could fail in the process but I see a lot of Defi project gives a good amount of profit especially in just a short term of the investment. Defi is the new ICO here and investing in it was great in my experience but I guess you're just unlucky picking a good Defi token investment. If I have a good volume of bitcoin I will not exchange it for some token but if it was just a small amount I would take a risk since defi would give much more profit.

defi is risky because most of the projects that are related to it turned into scam. Defi is a fast paced project where you could earn and sell in faster way as well. You may be rich if you invested in a good one so you need to be sure that coin is legit and profitable, I earned 3eth in a certain defi project before and then after 3months the owner abandoned the project I am lucky that I sell it in the right time so good for me, if you will choose between defi and bitcoin? choose the more stable one choose bitcoin.

[lienfaye]

Well you will only realize your mistake once something went wrong already or you experience losses. Its quite normal to look for other opportunity that we believe we can gain more but being greedy is the usual reason why we end up losing our money and regretting our decision after.

Bitcoin is a reliable coin, thus better to be on the safe side because as long as you have patience then you wont get tired of waiting for the right time to take profit.

[AakZaki]

DEFI is the current hype project because it can produce quickly but can also lose quickly. Many DeFi projects keep popping up. Some of them are good projects and can make a lot of profit but some are scam projects. Don't hold the DeFi project token for too long because it is very risky, it's better to sell it when the price is high. A better and more stable investment remains in Bitcoin or coins that are in the top 10 of the marjetcap. Don't rely too much on DeFi.

[acener]

There are so many regrets that we have right now because of crypto price.
I regret holding my alt-coins and not converting it into crypto and also I regret spending my BTC but there is nothing that we could do about it now.
We just need to move on and stop holding in those regretful memories.

[Kelvinid]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Then, it is about time to learn from your bad and disappointing experience but I'd never think that it was regrettable unless you are selling compared to the buying price.

But just to said that not all holding making huge benefits, they are sometimes at worse or losing a lot. But if we are talking about holding BTC, you have something to expect a better price in the long run which is perfect for a long-term holding.

[Gozie51]

As far cryptocurrency is concern , there can only be a total loss when the coin is delisted from the exchange but when the coin and team are still existing, the coin will eventually get you back to your entering journey for you to get out, depending on the time   You may be feeling mistaken now just because the bull of bitcoin @ $47k + is giving you a profit you don't have but be patient. You remember in the bitcoin example in 2017 as investors bought late at $19,000 / + and bitcoin crashed down to $4,000 till last year it was down in March. At the the down time, many sold at loss in anger but what is bitcoin price after the crashed : ANSWER IS $47,419. Therefore to this, your decision may be a blessing in your future.

[Dave1]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Too bad, anyway, as you have said, this is a learning experience for you, but very expensive one, many newbies fall for the Defi hype, and they didn't know that it is riskier than going full BTC, and just HODL. I would say though that Yield farming is useless, but you are caught in the hype around it and thought that it is the best way to earn huge money in short amount of time. It doesn't work that way here, most of the time it is a lot of ups and downs. Maybe the better approach is put all the majority of your investment in bitcoin and they try some on alts.

[pixie85]

Don't be sorry. You still made a better choice than people who never had any crypto.

Since you are still here you are again better than 90% of the society who were never here and aren't even aware of this opportunity. You can still make money here, bitcoin is not at the end of this cycle yet. You'll see what will happen when more companies invest.

[Sanugarid]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

Why not invest in Defi with your spare money?. There's no problem with investing in yield farming but you should not really sell all of your BTC just for that, but profit is profit regardless of what market price you decided to sell it is still profit n on your part. So did you sell all of your BTC? If yes, I feel bad for you and make sure you've learn something valuable when it comes to holding.

[Taskford]

I learned the hard way that Hodling BTC is the only way. I wanted to grow my BTC so i sold my 1BTC @32K a month ago and put that money in DeFi for yield farming in those high APY. I took some losses and some gains. Now BTC jumped 47K. If i would have just HODL all this way i would have more USDT then if i buy BTC now. Lesson i Learned: Yield farming is useless. People put so much at risk entering smart contract not to mention the daily time waste. Just HODL and you would have more more money than anyone yield farming in long run.

So did you sell all of your BTC? If yes, I feel bad for you and make sure you've learn something valuable when it comes to holding.

Don't feel bad for him for selling his BTC since whatever figure it is still good especially if he used it on good imvestment, Defi is not bad options though we must be seelective since there are so many scams there. And also but what bad thing there is if we don't take any actions right now especially the price is at cheap rate so best take an action since for sure a pump will follow after this.