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Author Topic: I messed up and feel terrible about it  (Read 606 times)
Kelvinid
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February 09, 2021, 10:29:09 PM
 #41

I messed up, big time. I don't think I've messed up that much in a long time.
No, you don't need to feel bad about it. You're still making enough money, I think.

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 also thinking about dumps and I do selling as well. It is not all the time we get the high price. Sometimes we got mistaken but this should not be a reason for blaming ourselves. I may say, it is a need for you to control your emotions because this is now controlling you and will make you lose.

You will wait for the market to slow down before you buy back.
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February 09, 2021, 10:49:57 PM
 #42

There will be another opportunities, don't just regretted to the decision that you have made. You did the right thing, at least you weren't got a huge lose, yeah that is the point. Investing bitcoin is not about technical analyst only, indeed, there was a sign that bitcoin will fall at that time but we forget to fundamental factor especially an event that just happened without any rumors.

We don't think that Tesla will spend their money to buy bitcoin, the indication just from Elon Musk only who make many statement against bitcoin. So, in your case you may need to buy bitcoin at the current price, if I were you. There are some indicators which can make bitcoin going up again. As an example, the economic situation in some countries still in the bad situation and the investor will just keep their money in the safe heaven place.
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February 09, 2021, 11:20:40 PM
 #43

Such markets have been made for losing amatures to experts , you are upset now but Elon Musk is very happy ! wales are getting rich more and more because they are the main player not us ! I hope a law is passed until fraudsters like Elon Musk can not pumb and dunm crypto market with huge invest they have , He did the same with Tesla shares in stock market recently  Angry Shares of tesla fell more than 10 percent after Elon Musk Tweeted That Tesla's Stock Was Too High and then he started buying the shares in deep !
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February 09, 2021, 11:28:36 PM
 #44

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 believe you are one who happens to believe that $100k BTC is possible.  That is why after selling your BTC hoping that it will dump and rebuy at dip will increase your holdings and messed up.  What done is done and you have to move on.  Just wait until BTC goes up to $100k since your action may look like a loss at this moment but once it reaches $100k, you will be satisfied with what you think you messed up big time.  So I guess patience will prove your action worth it (hoping BTC will cross $50k and eventually $100k).

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February 09, 2021, 11:39:23 PM
 #45

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.


There's a lot of regret coming through from your post. Tbh you don't need to feel bad, as you're not the only one with this frustration. One way to look at this is to think if you where happy at the time you sold and if you were then you should stick to that as the market could have also gone down, and you had (like most people) no idea that it would go back up.

It's a painful lesson so make sure you learn when to get sell/buy.
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February 09, 2021, 11:43:56 PM
 #46

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.

Just move on and take this as a lesson that panicking doesnt really give out any advantage but rather total loss if you do make out the wrong decision to make.

Feeling of regret is pretty normal specially dealing with this very speculative market.Chances on making bad decisions is high because we dont know on what would be
the next movement in next minute,hour, day, weeks or months or years.

Therefore, instead on stressing yourself out then its better to move on and make yourself calm and make this situation as a learning for you.
At least you do already have some hints on what to do next on the same encounter.

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February 10, 2021, 12:09:36 AM
 #47

If you didn't sell at a loss, you didn't mess up. Do you think Warren Buffet became the most succesful investor by buying at the all time low and selling at all time high every time? You made a profit and that's what matters. Now wait for a good opportunity when we'll enter a bear market, buy again and sell during the next bull cycle.

A "mess up" is when people loss their coins to malware, scams or accidental loss.
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February 10, 2021, 01:18:29 AM
 #48

Everyone has made mistakes, don't be too disappointed by what has happened to you. Everyone has felt selling Bitcoin was too early, because basically
it is very difficult to predict the price of Bitcoin. But it doesn't matter if you sell your Bitcoin too early, as long as you have managed to get a profit,
even though the amount may not be too large. Sometimes we just don't get too greedy, the most important thing is that we managed to get profit
from Bitcoin.

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FinneysTrueVision
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February 10, 2021, 02:02:47 AM
 #49

This has happened to many of us and it is nothing to feel bad about. I am still trying to earn back all the BTC that I have spent in the past. I am nowhere close to recovering what I have lost.

I would recommend saving your signature campaign earnings and maybe buying in small quantities so you can keep accumulating. 0.03 is not such a big amount that you won't be able to recover.

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February 10, 2021, 04:42:06 AM
 #50

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.

That mistake will teach you a lot so don't be so ashamed about yourself, trades and other investors do also experience that mistakes.

If that's the case then you should treat this mistake as a lesson so that you know what to do the next time the price of bitcoin increases.

Many people are getting so excited about the hype, about the increase in bitcoin's price because they think the same just like you. They thought that the price of bitcoin will soon crash if bitcoin's price spiked in the market. Always remember to hold some, especially that the bitcoin is volatile and tricky and always stay calm, aware, and mindful to avoid panic.

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February 10, 2021, 06:19:17 AM
 #51

Imagine selling this coin
https://coinmarketcap.com/currencies/voyager-token/
for 900 sat...

Yes, I sold all my stash of BQX when it doubled to 900 sat, thought will buy it back once it gets below 600 or 700.

Unfortunately, It peaked at a whooping 15k sat and now trading along the lines of 5k-6k sat. I can literally feel the pain that you are having now. But it's crypto, once it's done, it's done. Cant move back to the previous position.

Now I just curse myself for making that decision. Never wanted to sell it but did for my own "Greed".  Embarrassed Cry
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February 10, 2021, 06:43:17 AM
 #52

Everyone has made mistakes, don't be too disappointed by what has happened to you. Everyone has felt selling Bitcoin was too early, because basically
it is very difficult to predict the price of Bitcoin. But it doesn't matter if you sell your Bitcoin too early, as long as you have managed to get a profit,
even though the amount may not be too large. Sometimes we just don't get too greedy, the most important thing is that we managed to get profit
from Bitcoin.

Money matters, as long as you have profits that's already a winning trade, remember that someone lose
that amount before you earned it,.

Trading is not an easy task to do, you need to have good knowledge and right skills to perfectly execute each decision
making that you'll

going to do, there's should be no regret but instead use those experienced
to enhance your knowledge for much better trading activities.

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February 10, 2021, 06:53:12 AM
 #53

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.
It would be better if you just waited for the price of Bitcoin to go down rather than spending more money and buying it on the top.

You don't messed that much but you just made the wrong decisions and that is normal. In investing, wrong decisions are inevitable since you don't know what can happen in the future right?? If you got profit on it then that would be better than feeling terrible for your decision.

Don't feel regret for now but focus on your next plans.

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February 10, 2021, 07:31:18 AM
 #54

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 guess you didn't sell at loss, right? You still made profit since you sold it during the last all time high. Then why are you regretting? No one knew that we would be seeing another all time within few weeks!
Don't regret. Just move on. Maybe start all over again? If you are scared of losing your initial investment, then just invest the profits you made in bitcoin or other well known currencies. You still have chance to make some good profit in the future!

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Hypnosis00
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February 10, 2021, 08:36:55 AM
 #55

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.

You've got the point mate. We don't need to complain because we sell our Bitcoin yesterday and by today, it grows high. We got sometimes overacted because we fail to predict the right time to sell. Disappointments come next to a wrong decision but we also have to think if we are already having the benefit or not.

I believe that OP is profiting, he got mad because the price moves high after he sold his Bitcoin. if we only know that Bitcoin goes like this, it for sure nobody is selling last year or even in the past days.

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February 10, 2021, 08:53:52 AM
 #56

btc at 37k is not bad and having a 0.03btc is not bad as well . did you know that many people doesnt have that big amount you are holding ? i never manage to hold up to 0.03btc .

you are a senior member in the forum and for sure you have read lots of regret story in btc and why you havent learned on that but you can always save up again , the world is not ending yet and the btc isnt gonna blow up yet because we havent reach a million usd per btc and its supply still take alot of time for it to be mined all .
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February 10, 2021, 09:03:45 AM
 #57

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.


Its truly traumatizing by creating a mistake but you should always TRY to look on the bright side. The industry that we are working on is risky and because of that risk, it is always possible for us to earn more. Bitcoin is always volatile and we really cannot determine on when to sell it but if we really needed the money at that moment, then its always just fine to have that money. Regret is always there but as long as we keep working, we will still be able to earn that lost money.

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February 10, 2021, 09:18:39 AM
 #58

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.
Yes, without mincing words, you truly messed up. Such a panic sell shouldn't be coming from someone who experienced the last bull run where BTC had its unprecedented ATH in 2017. I took the liberty of checking your profile to see when you opened your account. 2014 is old enough to make you have a great idea how Bitcoin moves. I kept saying it that this year is a bull run, both for Bitcoin and the alts. But the alts rally will set in after Bitcoin bull has tired out. And from the look of things on the dominance scale, Bitcoin is still much in control and running north. However, you may be lucky to have it retrace at $49,000 — $51,000 because Bitcoin likes to retrace hugely around round figures but we never can say how deep it will crash before going up again. My advice to you for now is stay on the sidelines and watch.

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February 10, 2021, 04:18:56 PM
 #59

waiting for the price to drop back is a good thing. Don't buy when the price is going up or in an uptrend. You don't need to panic to buy back, wait for the downtrend to arrive. You also have to be satisfied with the profit you get when you sell your 0.03 BTC. If you only sell half of it there may be an opportunity to sell at a higher price. Don't feel messed up, it is your choice, you must face it with a positive attitude.
Jemzx00
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February 10, 2021, 04:58:51 PM
 #60

If you didn't sell at a loss, you didn't mess up. Do you think Warren Buffet became the most succesful investor by buying at the all time low and selling at all time high every time? You made a profit and that's what matters. Now wait for a good opportunity when we'll enter a bear market, buy again and sell during the next bull cycle.

A "mess up" is when people loss their coins to malware, scams or accidental loss.
Agreed, how can you say that he messed up if he earn and profited from it. Not everyone will be able to predict the price of bitcoin accurately but the time that you've profit whether if its just a penny, it's already a win for you because, for starters, you didn't loss any of your money and another thing is that profited from it.

Also, when trading, patience is the key especially on this case as you must let yourself invest more and wait for the dump to happen. It might be long or not but there's a high probability that it will.



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