I messed up and feel terrible about it

[Ultegra134]

I messed up, big time. I don't think I've messed up that much in a long time.
I sold my almost last bit of Bitcoin I had, (about 0.03 BTC), during yesterday's new all-time high at approximately 37.000 Euros. It's definitely a small amount, close to nothing, especially when comparing to what you guys probably have, but I totally screwed up.

I did it thinking that the price would crash later on, then proceed to spend that money to buy more Bitcoin, but I don't see that happening. I should have kept my balance intact, 0.03 BTC would still be 0.03 BTC, now, in order to buy back I'd have to spend way more money than I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

[Rikafip]

I don't know if its any comfort, but all traders experienced what you are feeling now (myself included, even though I am not trader, at least not anymore.)

Important thing now is to try calm yourself down, as just because btc continued to go up it doesn't mean it won't go back to those levels at which you sold ever again. As a matter of fact, I would be really surprised if that doesn't happen.

Lesson for next time: just keep hodling if you cant take the stress. Chances are you will end up with more bitcoin that way as you won't panic and buy back at the higher price, which many beginners do.

[Rruchi man]

Well, don't fell so terrible about yourself, i wouldn't say you are the first to have made the mistake of selling your btc too quickly, i remember a story of how a friend who had 4 BTC as at 2019 sold almost all leaving only a fraction. Seeing the price value of btc right now, that my friend though still pained fully at what a great mistake he had made because he wasn't patient enough, has accepted the error and learned a lesson in patience especially when investing in crypto.

[sunsilk]

That's what many holders did too just like me. When we think that it's about to fall, we're going to sell. But it's proven that it's best to hold if you're not going to use the money that you'll earn as you sell.

In that case, if you want to take it back then you have to wait a bit until it falls a bit. But the hardest part is we will never know when it will happen. If this bull run continues up to $50k-$60k then that's for you to decide if you'll buy back on those levels or before it reaches those prices but it's lesser than 0.03BTC already.

[bakasabo]

I know exactly how you feel. I used to make same mistakes several times. Last time it was end of January, when Bitcoin price began to drop from 3$6k to $34k and I've sold part of holding. I've also felt terrible, when the price returned and started to grow next day. Just let got this situation. You cant earn all the money in the world.

If it will make you calm down, I've sold that part of Bitcoin in January and stupidly hold fiat money right now. If I havent done that, its value would be 25% greater...

Next time, if you start to panic or feeling FOMO, sell just a part of what you intend to sell. You will lose only a part in any scenario.

[solosequenosenada]

This is why we hodl, you need to read more.



https://bitcointalk.org/index.php?topic=375643.0

[tranthidung]

I sold my almost last bit of Bitcoin I had, (about 0.03 BTC), during yesterday's new all-time high at approximately 37.000 Euros.

I did it thinking that the price would crash later on, then proceed to spend that money to buy more Bitcoin, but I don't see that happening. I should have kept my balance intact, 0.03 BTC would still be 0.03 BTC, now, in order to buy back I'd have to spend way more money than I would.

I know you had reasons to sell your bitcoin but if you ended that round of investment or trading with profit, let's take it easy mate. No one can make correct prediction or calculation all the times. If you got 50% profit from your initial capital, it is profit and you already took it so it's time to enjoy it.

If you want to get it back, you don't need to wait the price falls back to $37,000. Of course, it is the perfect chance but if it won't happen, yuo have another way. Wait for price peaks and buy back with dips with the price difference about $500. Do it several times, and you can get your bitcoin amount back. 

I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

Take it easy and feel happy after earning profit. 

[Upgrade00]

Shorting Bitcoin is a huge risk, especially when we're in the middle of a bull run, there are not enough technical or fundamental analysis which can correctly predict the next price action, so every sale or purchase is basically a gamble at that amount.

I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

It helps to have an investment plan so as to avoid regrets of hodling for too long or selling too quickly:
• Invest only what you can afford to lose,
• Buy at intervals so as to spread your entry level
• Have an idea of your projected profit margin,
• Sell at intervals, when you've achieved projected profit amounts. This way you can pull out your investment capital while you still hold some bitcoins.
• Do not worry too much about price changes.

[mk4]

Would've. Should've. Could've. Whatever've. Hindsight is 2020. It's not like everyone knew that it would pump 20% in a day because of Elon Musk.

Now, what should you do? Pretty simple. Don't make the same mistake again in the future. End.

[davis196]

I sold a portion of my Bitcoins at 31K in January.Damn how stupid I was.
I sold lots of BTC last year,when the price was around 7K-10K USD.I'm a lousy BTC trader and I didn't trust all those bullish signs and predictions during the entire 2020.I always though that the price will crash or stay stagnant.We have to learn from our mistakes and move on.
There's no point of regretting the past.Just do whatever you can to buy or earn as much BTC as you can and then HODL.

[Finestream]

That kind of attitude looks too greedy to me. what if the price dump after you sold, then you'll feel so happy that you did the right thing.

Just be happy you sold it at that price, question is, did you make profit? if the answer is yet then be thankful, no one knows what the price tomorrow or in the future, so if you see some opportunity to sell do it without regret that you might have made bigger than what you have made when you sold.

[newwest]

I messed up, big time. I don't think I've messed up that much in a long time.
I sold my almost last bit of Bitcoin I had, (about 0.03 BTC), during yesterday's new all-time high at approximately 37.000 Euros. It's definitely a small amount, close to nothing, especially when comparing to what you guys probably have, but I totally screwed up.

I did it thinking that the price would crash later on, then proceed to spend that money to buy more Bitcoin, but I don't see that happening. I should have kept my balance intact, 0.03 BTC would still be 0.03 BTC, now, in order to buy back I'd have to spend way more money than I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

I would not look at like that because if you just think you can sell at the peak price and then market will never rise that is not going to happen. So always whenever you will sell the market can rise and this would nothing but unnecessary stress to yourself. Nobody knew Elon would tweet btc else everyone would have bought it and made some money as price rises of coin which ever, he mentions. So as per your risk and startegy you did your best and you never wanted to invest for long term I guess so you sold it.

[XZERO1]

I seriously suggest you to start ignoring these negative thoughts and regrets and not giving them any more attention, I believe you sold in profit and that's what matters, if you continue giving space to these useless thoughts then you better prepare yourself with loss because the next step would be to start revenge trading that more than 90% of the time it doesn't end up well.

None of us here know the future including what happens to crypto market so why waste your time thinking about what you didn't know?, that being said regret is an inseparable part of trading and specially crypto trading since no matter how good of a trader/investors you are, you're going to miss out a lot of different opportunities and profits along the way, but a good investor/trader learns to control those negative emotions and not let it ruin the other trades/investments that they get into in the future.

[FlightyPouch]

We all went there, we made mistakes and I think you should just accept what happened. You wish you could turn back time but you can't, better accept it and do something you can do now as long as the price is still increasing. The fact that you sold it means that you already have a profit, right? You still had a profit, that is just fine.

[lovesmayfamilis]

Many have experienced it the hard way. Don't blame yourself. If you sold bitcoin, then you needed to do it. In any case, you need to keep your emotions in check. Just don't call yourself a holder and that's it.
We can all also worry, someone sold bitcoin a year ago, and someone five years ago. You can sit and regret past mistakes incessantly. But another thing is important.
Next time, decide for yourself how long you keep your assets. Do not pay attention to the rise and fall during these periods, because the news background during a bull run is very different, you need strong nerves to hold on to your positions.

There is a good saying "You can't make all the money."

[zanezane]

We all went there, we made mistakes and I think you should just accept what happened. You wish you could turn back time but you can't, better accept it and do something you can do now as long as the price is still increasing. The fact that you sold it means that you already have a profit, right? You still had a profit, that is just fine.

Yeah, happened to me two times now but now, I have to be a little greedy because I know that this rise is just getting started and I don't want to miss out something big although I am still putting a point where I am going to sell what I am hodling. That is what my friend said about me in regards to selling my bitcoin for two times, there is a profit so I don't have to worry about it, it's just that at that time the profit is not that big.

[Rikafip]

If you want to get it back, you don't need to wait the price falls back to $37,000. Of course, it is the perfect chance but if it won't happen, yuo have another way. Wait for price peaks and buy back with dips with the price difference about $500. Do it several times, and you can get your bitcoin amount back.

In theory this sounds very easy but since OP is obviously not an experienced trader ( otherwise he wouldn't make this topic) chances are good that he ends up with even less bitcoin than he would have if he just buys back with the loss (which I don't suggest btw).

Afterall, OP sold it at the all time high so even  from that point of view it's not a horrendous mistake.

[worle1bm]

I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

When trading in btc there are ups and down and we all losse at some point but we do not regret about it later on because the prices will keep on rising with little corrections in the market.And this sudden pump in btc prices came after Tesla $1.5 billion worth of manipulative investment in btc which surged the prices above $46k at current.

You are still lucky that are trading in btc when the prices are reaching ATH and we can get enough profits even after suffering small loss which are part of crypto market.But can you feel the pain of early investors who have sold out their coins at such low prices in 2011-2015 period when prices were low to as $1-$10.



He might also be regretting his decision at this time even when he was having the same feeling in 2011 also.So it's about our luck or say our future perception how we deal with them.So don't regret at all but just know one thing btc will keep on rising every year and increasing your net worth if you HODL your coins until that time.

[bassbity]

I did it thinking that the price would crash later on, then proceed to spend that money to buy more Bitcoin, but I don't see that happening. I should have kept my balance intact, 0.03 BTC would still be 0.03 BTC, now, in order to buy back I'd have to spend way more money than I would. I think that I might be panicking way too much for nothing, I mean it can't continue rising forever, but the thought of regret is eating me.

I don't think you're the only one currently feeling regret like this. selling early while bitcoin turned out to be leaving us without looking back. I'm just wondering, have you made a profit from 37,000 Euros? because your regrets have two categories, first regret only because bitcoin soared even though you already had a profit (although not big) and secondly, you feel sorry because you have a loss already selling 0.03 Bitcoin? with minus income.

[NeuroticFish]

I sold my almost last bit of Bitcoin I had, (about 0.03 BTC)

This is how FOMO looks like: buying or selling without thinking much.
If you buy back now, then you've lost about 38 EUR. If you buy back later, who knows? I don't. Maybe you'll make a better business or a worse one, depending if/when/how big a correction could be.

If you think you can foresee the movements, use the opportunities and trade.
If you think you can't, 38 EUR is not a too expensive lesson, buy back and hold for much-much longer, no matter how the market moves, especially in the near future.
But keep in mind that if you do this then can also afford to lose all those funds. The chance for this is thin, but exactly the fact that you are playing with funds you don't afford to lose may make you make bad moves.