My Bitcoin mistake In 2020-2021

[nurilham]

I can feel it and I think a lot of people have experienced that too. That's okay, not everything goes our way. Investing in Bitcoin does require skill and a mixture of luck. If we continue to lament the failures that have occurred then it will only make us frustrated. let it go of what has happened and never remember it again, make it a lesson not to repeat it again. sometimes after a failure, we can get a fortune, that's something that must be applied in our mindset so we don't fall too deep into disappointment. The price of bitcoin will continue to rise and fall as usual is unpredictable, so we just need to follow the existing flow and try to manage it well.

[barbara44]

Seriously, I don’t see why this is a problem for you. You made it clear that you earned a profit of over three times, and you still want to say that you are not happy with yourself? If you that made over three times profit from the market is not happy with yourself, then what about those who lost completely?

You should be happy as long as you made profit. Maybe next time before withdrawing your money from Bitcoin you can first ask yourself what you are really going to be doing with that money. I don’t really hold my investment for long, although now I have started holding long term because I have enough to leave in my wallet. But I will still withdraw some of my profits and use it to also invest in other businesses or assets that's I want, or even handle expenses.

[Rengga Jati]

No one will know that the price of Bitcoin will be up to $40k, more to $50k, $60K, and more probably up to$70k and more again. Because nobody knows the exact price in the future.
And as long as we have got the profits, I think it has been enough. Moreover, you have 3 multiple times of your profits, it is really much, mate. You don't know whether when you are still holding at that time, the price still keeps going up or probably dropped. If you only want more and more without having any target, it turns you to be greedy, and someday when your goal is not achieved, you will panic and regret not selling at that rate.
That is why just thank you for what you have got. And you can still make other investments again in Bitcoin to get other profits again.

[GeorgeJohn]

Hold as much you can, if not hold what is available for a good time period. This is what I follow and the same is being mentioned in the opening thread. People who kept hold believing in its growth have been enjoying the goodness.

Do you know that, it's not all coin you can hold for long period as you are emphasising on, actually a good investor will like to hold coin long time because they know the profit, I'm not disputing the fact that we should not hold coin on our custody s but the question is that what kind of coin do you want to hold that will make a cognitive profit, at first, after scrutinizing and perusing into the coin project you can as well hold the coin for how long you really want to hold, right now if i may suggest the only coin that's good to hold as you stated or portray is Bitcoin, because irrespective of it downgrade it will still make values.

[Drnice]

Though, it depends on how we look at our regrets. People do have regrets on buying high and selling low, and this is a negative regret (a regret no one wants to make). On the reverse, other people having a target price of an asset to takeout profits and after taking profit, the market is still on an uptrend continuously, hitting new highs. This is also a regret, because of the continuous uptrend, but a positive regret cause there is no losses experienced, just that more profits would have been made.

[Wiwo]

I did a big mistake in 2018 if my memory served me correctly. Bought some shit coin by Bitcoin and just lost that. It's not recoverable anymore though I am holding with hope. I did o ly mistake in 2022 that I sold my Bitcoin for around $38K and failed to take advantage of ATH. Not only that, even I didn't dare to accumulate Bitcoin when the price dropped below $30K. That's what I did a mistake. Although didn't lose much but failed to gain many ads well. I took a lesson from the past and tried to accumulate in the dip. Not sure if my plan works well. But hope I could do something this year.

We all have made some great mistakes in the past and 2020 was the year I made the most mistakes in cryptocurrency but since then I have learned some lessons, I sold a coin I was holding for some time at a low price only for me to see the coin doing almost 60% growth and am left with regrets. But this time is wiser than before.

[ultrloa]

I did a big mistake in 2018 if my memory served me correctly. Bought some shit coin by Bitcoin and just lost that. It's not recoverable anymore though I am holding with hope. I did o ly mistake in 2022 that I sold my Bitcoin for around $38K and failed to take advantage of ATH. Not only that, even I didn't dare to accumulate Bitcoin when the price dropped below $30K. That's what I did a mistake. Although didn't lose much but failed to gain many ads well. I took a lesson from the past and tried to accumulate in the dip. Not sure if my plan works well. But hope I could do something this year.

We all have made some great mistakes in the past and 2020 was the year I made the most mistakes in cryptocurrency but since then I have learned some lessons, I sold a coin I was holding for some time at a low price only for me to see the coin doing almost 60% growth and am left with regrets. But this time is wiser than before.

All of us have mistakes from the past knowing that we don't know how this technology work at the first place and we also get hype by many things before especially with those cloud mining, past bear markets and others things thats why we need to learn from it even if sometimes its hard  to execute but we should make those as a basis to do better actions when we see similar situations.

[yazher]

This method is great especially when you know what you are doing because in altcoins, they are also some coins that have been successful after a few years. I am holding some NFT coins right now which I think will make some good money after a few years and I don't plan to watch it in the market all over again except once every 6 months or so. If you won't take some risk, you will never get out of your current miserable situation but don't rush it, good things sometimes come last just like fully ripe fruits. Some altcoins show to increase their price up to x100 - X1000 or more depending on the dedication of them and when the current trend is demanding their service.

[aysg76]

But let's assume that what the OP says is true. What I would say to him and anyone else in his situation, is that before he invests a single penny again, that he should be clear about why he wants to invest, for how long and above all I would remind him to do it with money he doesn't need.

We should have the clarifications prior investing because it's risky market and making worse decision could end up us with zero balance.In other words some key factors which should be taken into consideration before investing are :

1) Always invest what you afford to loose

2) Short term holding or long term investment or trading in the market if you have those skills.

3) The strategy of investment including the amount

You should be clear in all things but we all learn from some lessons which are costly for some and others learn fast before losing any relevant amount but this whole thing is common among many but it can be avoided if we are careful in the market.

That way the OP instead of thinking about selling what he would have thought is to buy more, and would not have opened this thread and would have opened another one telling us how wonderful is the DCA Bitcoin.

I have personally DCA investor for approximately 6 months now and going on with the same and have opened a similar thread myself on the forum to tell and motivate some members through it

My Past six months bitcoin journey

It's best to learn from your mistakes instead of going on with the same regret all your life as it's not going to com back and we miss the future opportunities in the momentum of it.I have also suffered losses in my crypto career but now see i am happily investing in Bitcoin and will get future returns.

[isaac_clarke22]

~

Quite relatable to that back in 2017. I hold some shitcoins along with BTC and ETH. Good thing that the dump wasn't over yet before I sold, and it was a lesson for me that day to never hold shitcoins ever no matter how I think about the project's future. "Pump and dump" groups don't give a shit about the project's future if their only purpose is to pump and shill a coin multiple times before screwing over investors.

[yhiaali3]

Thanks for sharing this, Bitcoin is the only asset that you can keep in the wallet and close your eyes, you are here with a completely safe investment and your investment increases with time, you will never lose because the value of Bitcoin is always increasing, it is true that there are a lot of corrections and the price of Bitcoin drops to Low numbers, but this does not matter, because with a long investment, you will inevitably come out with a profit in the end.
All those who walked with Bitcoin at the beginning of its journey and did not buy Bitcoin at that time at those low prices lived this experience. I mean that every year we say I wish I had bought Bitcoin the previous year, so I advise everyone to buy now and hold because they will regret the coming years.

[ethereumhunter]

We need to be wise and learn from our mistakes to grow or improve ourselves so we do not have to make the same mistake in the future. Our experience teaches us how to prevent mistakes and solve problem without making another mistake. We need to deal with our mistakes so we know what we have already done. If you can make a profit by selling the coin but the price still increases, you do not have to regret it because I am sure you can get another chance to buy back at a low price and sell it at a high price. You need more time to make a big profit and I believe that you deserve to make a big profit.

[Wiwo]

We need to be wise and learn from our mistakes to grow or improve ourselves so we do not have to make the same mistake in the future. Our experience teaches us how to prevent mistakes and solve problems without making another mistake. We need to deal with our mistakes so we know what we have already done. If you can make a profit by selling the coin but the price still increases, you do not have to regret it because I am sure you can get another chance to buy back at a low price and sell it at a high price. You need more time to make a big profit and I believe that you deserve to make a big profit.

Thanks for your comment and encouragement, we have indeed learned from our past mistakes, the essence of mistakes is to make us better and improve on the way we did it previously, and in doing that we realize our real self.
This new year is going to be great for many investors who may have experienced the same path with me in their past investments and the Bitcoin holding pattern is now a steel hand Bitcoin holder.

[Obito]

No man, you're doing great. You may feel bad about it but I don't think that it's not really the case, you saw that it's a good time to take a profit and you tripled your investment already so I don't see how it's a bad thing, it's not like you know that bitcoin's going to go up at 67k. Remember that profit is still a profit no matter what.

[Rigon]

This is a big mistake for us. In 2020, when the price of Bitcoin was very low, when the price of Bitcoin was very low, if we had bought Bitcoin, we would have made a lot of profit today.But by 2021, the bitcoin market has plummeted. After that we just had to look at the bitcoin market but we couldn't use it. Even then, maybe the Bitcoin market will go where But that is not to say. So since we've made a mistake, we still have time to buy Bitcoin.

[AakZaki]

If you look at the mistakes in 2022 - 2021, of course, I will experience many mistakes. but even so, of course there will be solutions that can be done. Mistakes will be lessons.
The fatal mistake I've ever made is holding back altcoins that have actually entered the sell area for too long, but I let them become assets that can't be sold anymore.
With that mistake, I began to learn to take advantage of the moment well, the most important thing is to gain profits and minimize losses that could occur.
In the new year of 2022, of course I have targets that I must achieve and avoid the same mistakes.

[Raflesia]

First of all I just want to say when indeed it is an advantage it means it is not a fault.
But indeed you are just lacking in observation and in fact even if it is sold there you have actually made several times more profit.
maybe what you think is a mistake is how you are still in a hurry to go all-in in the sale and not try to hold on any longer.
Well I feel you are still benefiting and congratulations on your achievement

[pushups44]

Well I decided to create this thread to share my Bitcoin mistake and the lesson has lean from those mistakes, around February I invested leftover funds of around $400 in buying Bitcoin and at that time Bitcoin was around
$10, 500 and I held for over a year and when the price of Bitcoin got to $40,000 I sold out my $400 investment which give me 3x+ profits but just within some days later the price of Bitcoin hit $67k and since then have not returned to the price I sold it which gives me a vegetable feeling any time I think of this investment. So I will like to give out very simple advice please keep holding your Bitcoin your investment is safer in Bitcoin and for great peace of mind always try to hold your Bitcoin as Bitcoin price is limitless am going to join the steel hands, Bitcoin holders, very soon.
One of the ways I save my Bitcoin is by buying during the deep never looking at it again for over some time. I have learned big from that small mistake of the past 2020-2021.

As digital gold, bitcoin is a long-term investment. I believe over 90 percent of traders will lose in this market just as in any other market. I think if someone is going to trade, they should do so with only a portion of their liquid assets. This way, they can determine if trading is more profitable than simply buying and holding (unlikely), while still keeping some of their long-term holdings.

[TheNineClub]

That's not a mistake, that's just not being able to predict the ups and downs of the market. To that extend, you made a mistake long ago by not investing in BTC when the price was 100$. So I wouldn't worry about that. There is no definitive strategy for BTC investments, some make it work with a short period of trading, some like to hodl, but however you spin it, the most important thing is that you got onto crypto. Just think of the poor souls that have yet to get into it.

[Wawa2013]

No man, you're doing great. You may feel bad about it but I don't think that it's not really the case, you saw that it's a good time to take a profit and you tripled your investment already so I don't see how it's a bad thing, it's not like you know that bitcoin's going to go up at 67k. Remember that profit is still a profit no matter what.

I also think that as long as we can still make a profit it's a good thing, so don't be too sorry to sell Bitcoin too soon. Because there are still many people
who sell their Bitcoins at a loss, so we should be grateful if we managed to make a profit from Bitcoin. Although I know how the OP felt for selling Bitcoin
too fast, because I believe almost everyone has had that experience. Indeed we all have to learn to be more patient holding Bitcoin, because after
Bitcoin experienced a very significant increase in 2021 it could be a lesson for all of us, if we want to make big profits from Bitcoin, don't be in a hurry
to sell the Bitcoins that we have. Or at least if we want to take profit, don't sell all the Bitcoins we have, we have to hold some of the Bitcoins we have,
in anticipation of the Bitcoin price rising even higher.