I messed up and feel terrible about it

[verita1]

The good thing about this experience is that you are using your best "plan b" so it has calmed you down. The opinion of the experts is that it is never too late to invest in bitcoin. In a joking way I tell you if Elon Musk took a little time to invest while he took care of the dog because we can't do it now. There is a significant capital in bitcoin that will fortunately give it the strength that we have wanted so much and we will probably never again see the price of bitcoin at the historical lows of the past.

https://www.forbes.com/sites/investor/2020/12/18/is-it-too-late-to-buy-bitcoin/

[pixie85]

My strategy is that I will never sell all of my coins. Even if one day Bitcoin is worth 100 thousand dollars and I'll decide to spend some because the profit will be incredible.

In any moment I'll try to hold at least 10% of my current bitcoins so that I won't miss an opportunity of it going another 10x.

Congratulations on realizing your mistake and sharing it with us OP!

[Coyster]

My strategy is that I will never sell all of my coins. Even if one day Bitcoin is worth 100 thousand dollars and I'll decide to spend some because the profit will be incredible.

I second that strategy, I won't ever sell all my stash cause I believe in the network and i also love using Bitcoin to make a couple of payments here and there where it's accepted, imo, I think people who outrightly empty their wallets during a surge are only particular about making quick profits and getting out of the network ASAP.

If one believes in the network, you'll study it's historical price movements/data and understand that some corrections should not make you to panic, but having said that, after selling your coins, come what may, it's best for you to forget about it and quit regretting, rather if you have got money you can afford to lose, then consider reinvesting.

[Distinctin]

The good thing about this experience is that you are using your best "plan b" so it has calmed you down. The opinion of the experts is that it is never too late to invest in bitcoin. In a joking way I tell you if Elon Musk took a little time to invest while he took care of the dog because we can't do it now. There is a significant capital in bitcoin that will fortunately give it the strength that we have wanted so much and we will probably never again see the price of bitcoin at the historical lows of the past.

https://www.forbes.com/sites/investor/2020/12/18/is-it-too-late-to-buy-bitcoin/

Ain't a joke anyway. That be a serious scenario, it comes to the moment asking ourselves why I did this? Why neglected to see this while many of them are busy already buying Bitcoin?

Mistakes come first before we realize that we are wrong and taught us lessons. Not to wonder why many investors sell their Bitcoin too early because they are also looking back last 2017. The bad experience that we share those days taught us not to be more optimistic, not being a Perma bull but, it is too unfortunate that the market seems so different and mostly we miss the chance.

[doctor877]

if you bought very low and has made some profit i dont see a reason why you should feel terrible except you bought higher than you bought. you need to know that you cant sell at highest price you just have to be determined on how long to hold and when to take profits. sometimes you sell too early and also hold too long. just be satisfied.

[urketadic]

Most people lose money even in bull markets.

Also at these prices levels its smarter to start taking profits than keep buying.
Its very volatile, it could pump but it could also dump back to 20k.

[abel1337]

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'm sure that you are not the only one that is regretting selling early. I am one of those who sold early but I don't regret that much because I only sold part of my bitcoin at a certain price. I learned it the hard way on the last bull run in 2017 by selling most of my bitcoin at a single price and regretting it for a long period of time. I learned my lesson and did the right thing so now I'm satisfied every time I sell my bitcoins.

[kryptqnick]

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.

If you profited from it, it's totally fine. But buying back now would make you lose money, so that would be messed up. Financial decisions are yours and yours only, but I wouldn't buy BTC at such a high price. After all, Bitcoin always seems to go down eventually, and go down quite significantly. But selling and then buying at a higher price is clearly something involving a loss of money which then has to be compensated by the price rising even more. If your plan was to wait for the crash, maybe waiting for it is not a bad idea. Of course, it might never come, but it's still early to say for sure and waiting for a bit to see where this is going doesn't seem that bad.

[MWesterweele]

Most people lose money even in bull markets.

Also at these prices levels its smarter to start taking profits than keep buying.
Its very volatile, it could pump but it could also dump back to 20k.

He should not regret that thing at all, maybe yes at first but he should consider that as a lesson that he need to learn and need to take in mind so next time he can enjoy his bitcoin. Emotions can be deceiving we can get rich through excitement and get lose because of panic. Above all tips we should learn to manage our emotions because that is the big part of our decision. Take profit of you are already satisfied and happy, don't regret if it pumps more even, be contented a profit is a profit already.

[Alert31]

Almost all traders and investors are already experienced like what happened to you. Crypto market is unpredictable and you can't guest everything even you really familiar the market. You don't know when the huge demand come and makes the value of bitcoin increase more. I think you should accept the fact that we can't avoid loses in investing or trading in crypto or bitcoin. All we need to do is to move forward and keep on investing no matter what happen and learn from our mistake and experience.

[Sled]

Almost all traders and investors are already experienced like what happened to you. Crypto market is unpredictable and you can't guest everything even you really familiar the market. You don't know when the huge demand come and makes the value of bitcoin increase more. I think you should accept the fact that we can't avoid loses in investing or trading in crypto or bitcoin. All we need to do is to move forward and keep on investing no matter what happen and learn from our mistake and experience.

Exactly, every decision we made is not a mistake (we think it was right). We never know what will happen next, all we have now is just a wild guess.

If we sell our Bitcoin now and by tomorrow it pumps, it is not regretting. We got some profit and that is enough, we don't need to be perfect because that only drives us to become more greedy. And this will be a reason for our failures and the most regretable moment to come.

[ReiMomo]

~snip~
If we sell our Bitcoin now and by tomorrow it pumps, it is not regretting. We got some profit and that is enough, we don't need to be perfect because that only drives us to become more greedy. And this will be a reason for our failures and the most regretable moment to come.

You nailed it.

If you tend to sell your bitcoin, just make sure that there is already your profit. There is no need to be greedy, that will sometimes put as from sudden losses, sometimes we think that there will be more price increase but the fact, you are in the wrong guess.
Dont regret if you sell today and increase tomorrow, as long as there is your profit and that is enough and I guess, all traders are experienced the same as OP. Just move on and learned to be contented with your profit gained.

[mich]

Yes this is horrible to read things like this but this is just a case of what we are calling "panic selling".   

We have all done it at some point on our bitcoin journey.  There is a big reason why you see so many people screaming to "HODL".

[coolcoinz]

Don't beat yourself up, you took profit and exited the market with profit. This is something less than 20% of traders manage to achieve. You said that it can't keep going up forever, but in reality it can. Forever does not mean the next 100 years, but for most of us, adults, forever is another 30 years. We won't live much longer than that and even if we will we'll be old farts like Warren, not able to have fun anymore. Take profit and have some fun while you're alive and still feel something.