I messed up and feel terrible about it

[posi]

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.

Something is not right about your message cause it not possible for you to sell 0.03BTC for 37,000 Euro except if 1 BTC is about Eur 1,233,333.

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.

Straight from the shoulder, you actually don't panic in vain cause you have a lesson to learn through the mistake you make, trust it something every individual in the crypto trading/investment have been through one way or the other, and what's important is how you rectify the current mistake to make a promising future decision.

[semobo]

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.

Why you consider yourself in loss when you actually made lesser profits? Assuming you are holding those bitcoins from Jan 2021, still you are in profits because the price increased from 33K USD to 40K by yesterday which is decent returns and I would be happy with what I made rather than what I missed. Don't your greed to eat yourself and if you want more profits then start to HODL for more longer.

[acener]

I messed up a lot of times to when I am trading but we shouldn't feel terrible about it,
It was our choice we took the risk and we have to pay the price it couldn't have been better if our plan had been successful but in order to succeed there are times that we would fail in order to learn from our mistakes.
When those time comes to me I just think that there are others who are experiencing much worse scenario than us and we should be thankful that it isn't the end for us.

[BChydro]

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 is no point in regretting when you sold the coins at a profit. It is impossible to predict the market exactly and we are all having our faith that we could just book the profit much higher than this and you might actually loose out in booking the profit at the top and now all you do is find alternative investments during this time period as there are many coins in the market that are rallying and then enter bitcoin when there is a correction.

[Nikole Fischer]

Hey, buddy, don't be upset! We all went through this situation. Don't blame yourself for what was done, because it'll be your experience.

I advise you the next time before selling bitcoin to rethink your decision several times. It'll help you not to sell your bitcoin in haste. Maybe the decision to wait a couple of days would be better than selling it now.

[Silberman]

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.

Do not get worked up about it, we all know that when you make a trade and the market goes against your prediction it is always difficult but you do not have a lot to regret, you did not lose a fortune and you can always recover that amount of money easily, so do not let that loss haunt you, however if you are a trader I will be worried about being so upset over such a loss , because as we know the possibility of losing money is always there and I do not know how upset you will become if you actually lost a lot of money in the markets.

[chicken65]

The most important lesson I have learned (quite recently) is ignore the fiat price of BTC. Accumulation of BTC is what matters and I understand that was your intention but were unlucky to get caught out.  What I do these days is split my BTC in to HODL and trade the later being my accumulation account. I used to go all in but the system taught me a few lessons which includes patience.

All is not lost though, BTC could fall back to your sell price and even way below. Remember when it first reached 20k and it slowly dropped all the way down to 4.5. A lot of people got caught out in that downward spiral myself included. That's when I learned my lesson. If there is no substantial dip then you will have to buy back in again. Another strategy is look for a decent alt coin to buy (maybe something newish) and before you know it you're back to where you were. You do have options.

[Latviand]

Messing up with the market is really normal, especially that these cryptocurrency that we are investing doesn't have any stable price in the market.

Just don't be so affected by your mistakes because that can really destroy your momentum or experience with your investments.

There's always an alternative solution for that if you messed up, look for other sources of investment in a crypto space before you consider yourself terrible.

[barbara44]

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’ve been in a situation like this and I never regret or bother about it, if I feel like I should sell my coins and I have enough profit then I am selling it without minding if it goes up tomorrow or not. And by the way you didn’t mention what rate you invested in, whether it’s around that same 30,000 or way less, if it’s way less then I don’t see why you should complain.

You might buy in now and the market will crash and you will lose your money. But it’s still not bad if you invest back with what you have, since if the market continues to increase you will continue making profit.

[Ultegra134]

After reading your replies, I've come to the conclusion that we've all made mistakes, some are petty ones while others were definitely more serious ones.

In my occasion, I managed to reverse my mistake by buying shortly after a price crash and bought them back at the same price I had bought them for. As a result I had 0 loss. Likewise, I then proceeded and sold this amount of Bitcoin at 40.000 Euros, and at the same time buying them back after a short crash.

The result was recouping back my Bitcoin, plus a small profit for my inconvenience. This was definitely a lesson to be more careful on the future trades.

[pealr12]

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.

This is a chance you have to take, wait and see if it will come down to the point which you have bought or buy back now that it has not gone way too higher than when you sold,
The chances it will go back down is 50-50, because it seems it already did a correction and from here on is another rise in prices till it correct a little and maybe not as low to your buying point,  I really don't know why you will consider selling when the market is preparing for a massive bull run.

[isaac_clarke22]

~

Loss is a loss there, OP.
You got nothing to do but to move forward and learn your lesson.
Now I see that this price surge isn't really for everyone. Don't panic there, as you know for sure that it will just make your standing there much much worse.
The only question that I am thinking is, were those coins worth losing?

[Rexler]

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 there are alot people having this same feeling right now, especially the people who thought when bitcoin hits 20k it was going to fall again like it did in 2017 but it didn't, so don't sweat it there's not much you can do now than to wait and hope for the price to dip, then you buy back your bitcoin and hold it this time, so don't feel too sad the price will eventually retrace and from there, you could even be lucky and buy back more bitcoin than you sold, so just hold on to that money (you can add a little more  ) and buy back more bitcoin if it eventually dips.

[Issa56]

I believe you are not the only one that make this kind of mistake there are lots of people who make thesame mistake you make. Since bitcoin hit all time high few days ago I think Bitcoin price is still currently low to enter but I believe there will still be some kind of correction so you can wait for the correction and still enter again, there are lots of people that are thinking bitcoin will dump now but I don't think is possible the only thing am expecting now is correction which is normal before the next bull run. So you don't have to regret just wait for the correction and still enter again and leave it for few months and you will never see bitcoin in this price range again. Lots of people are still thinking about selling there bitcoin I think is too early for you to sell your bitcoin you can just hold it for few months and you will be in good profit.

[tinopener]

The mistakes are important because they are always in your subconscious and help you instinctively analyze the market at any given time.

If you are still persisting with bitcoin, then a little part of you has probably realized your mistake was a good thing for your knowledge.

Keep making mistakes!

[UserU]

Chill, that's not so bad compared to the time I took a major L by selling mine at less than 4 grand after the ATH.

Imagine how much regret I felt after those 2 years.

[Bitstar_coin]

After reading your replies, I've come to the conclusion that we've all made mistakes, some are petty ones while others were definitely more serious ones.

In my occasion, I managed to reverse my mistake by buying shortly after a price crash and bought them back at the same price I had bought them for. As a result I had 0 loss. Likewise, I then proceeded and sold this amount of Bitcoin at 40.000 Euros, and at the same time buying them back after a short crash.

The result was recouping back my Bitcoin, plus a small profit for my inconvenience. This was definitely a lesson to be more careful on the future trades.

Glad you have regain your position of your hold,  that was definitely a close one, the reason why I don't try to take such risk especially with btc, this happens often to most of us, thinking you can quickly flipp and buy back with small profit but you will find yourself struggling to buy back with same price because the price shoot up instead of dipping, lol.

[michellee]

~

Loss is a loss there, OP.
You got nothing to do but to move forward and learn your lesson.
Now I see that this price surge isn't really for everyone. Don't panic there, as you know for sure that it will just make your standing there much much worse.
The only question that I am thinking is, were those coins worth losing?

Yes, we need to move on from that mistake. He can still recover the losses if he is trying hard and learn from the mistake. It is normal to make a mistake because nobody is perfect, and we should use our time to learn more and do the best we can. With the bitcoin price still volatile, I think he can try to buy back bitcoin and sell it when the price increase. I suggest you do not always chase bigger profit if the market is not moving fast or high because that will make us difficult to take profit. It is better to take profit as much as we can, so the profit will be bigger.

[Kittygalore]

You made a bad move of buying back bitcoin with the money that you got from selling bitcoin. You already had the bitcoin back and although you spend some more buying back, remember that you can get back that loss and get more profit if you are going to hodl the one that you currently have. You don't need to worry about it, regretting something is not a good thing because it makes you do bad decisions because you are scared that you might make the same mistake, you are only making yourself terrible for nothing.

[Ultegra134]

After reading your replies, I've come to the conclusion that we've all made mistakes, some are petty ones while others were definitely more serious ones.

In my occasion, I managed to reverse my mistake by buying shortly after a price crash and bought them back at the same price I had bought them for. As a result I had 0 loss. Likewise, I then proceeded and sold this amount of Bitcoin at 40.000 Euros, and at the same time buying them back after a short crash.

The result was recouping back my Bitcoin, plus a small profit for my inconvenience. This was definitely a lesson to be more careful on the future trades.

Glad you have regain your position of your hold,  that was definitely a close one, the reason why I don't try to take such risk especially with btc, this happens often to most of us, thinking you can quickly flipp and buy back with small profit but you will find yourself struggling to buy back with same price because the price shoot up instead of dipping, lol.

My thoughts exactly. I'm actually trying both to trade and hold, while also thinking that I can keep buying/selling back and forth making profit that way and at the same time maintaining my Bitcoin amount. I don't know in what degree I will continue doing that however, this incident was a lesson that it might not always work out, this time I got away with it, but it won't always be like that.

Likewise, I might continue buying and selling, but at the same time being way more cautious. Moreover, I will definitely try and accumulate as much Bitcoin as I can and hold that for the future.