My Bitcoin mistake In 2020-2021

[Wiwo]

To be honest many other people feel regret about their mistakes in the bitcoin and cryptocurrencies market, some of them feel regret for panic selling and some others feel regret for not buying enough bitcoins. For example, if you ask me I would say I feel regret for what I did 6 months ago when I sold some bitcoins and bought an apartment and gave for rent to have passive income, While I could get much more profit by only holding my bitcoins inside my wallet and buy a bigger house for myself.

To be honest with you that is my experience at the time I converted by Bitcoin I use the funds to develop a project that just end up as a liability when I have the mindset of an investor if I have held my Bitcoin to this very moment just guess how much profits I will have made by now.
I lot of lessons have been learned in the time past only for us to develop on it's to grow to a more stable and balanced financial life which Bitcoin has given us the privilege.

[buwaytress]

Sorry if I have doubts on your regrets, price today is 47000. Only about 18% more than your exit price.

I also have doubts on his regrets, I am not in the habit of believing what people say in the forums, especially if there are things that don't add up, as you point out.

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.

The argument of whether the price has gone up or down some more does not hold water. It would be better to think that one wants to invest in Bitcoin because he has understood its decentralized, limited, autonomous, uncensurable nature, its ability to store and transfer large amounts of wealth and at the lowest cost and that for these reasons he wants to invest in it with money he does not need. 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.

Yeah, guy comes in talking like he knows the place too well, and then pours out regret over such a trivial price difference. Wouldn't be the first, certainly won't be the last. Don't know why I feel the need to call out every now and then, but yeah for the benefit of doubt, I pointed out what the extra gain was if he held then, as opposed to buying now, if price were to reach $100k. Only $6k difference. Absolutely not worth wringing one's hands over, even if they don't care about the fundamentals are in this for speculation, then like you said, they need to clarify their intent. Is it to exit at 100k? Is it to make 3x profit (in which case, he's done that, why re-enter?).

Buy in now OP if you really made the mistake. And then don't make it again.

[Oceat]

Just like what they said, you made a ROI already and that's enough since if you follow your emotions and become greedier, I don't think you will be getting the same ROI you get when it hits $40 or maybe lesser than $40k when it dropped below $30k. The important lesson here is you don't let your emotions guide you and it's always better to have a price target and think straight no matter what the price since what's important to you is you get your profit.

[Slow death]

since then have not returned to the price I sold it which gives me a vegetable feeling any time I think of this investment.

 

you are complaining without any valid reason, the price is at $46000 and it even dropped to $43000 on December 3rd of last year, you could have taken advantage of the opportunity to buy cheap and you could sell at the next ATH

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.

 
this is not a good strategy, you need to constantly check your bitcoin

[Stedsm]

3x but still regret?
What's gone is gone, but remember that you always have new opportunities popping up every moment (yeah, not even a day, but in each moment, you can find a new opportunity) so just look for it and grab it. And about selling your BTC, you still held for a time for which around 95% of people who use BTC, couldn't hold, so you must be proud of yourself as most people here won't be hodlers but sellers because most of them come from a place where earning BTC (even a few chunks) can help them live a much better life than they could live with their 9 to 5 jobs.

[Oasisman]

Is it really a mistake? You cashed out with 3x profit, and when you cash out you'll probably needed the money.
Even If let's say you've just entered the crypto market around the year you said you bought a $400 Btc, I assume you made a research and look over the historical price data of Bitcoin. By just looking at it you could most likely can tell that Bitcoin has been increasing every year.
So, now the question is, what made you think selling your Btc at $40k. You lost your confidence and trust towards the capability of Bitcoin right?
Now, It's good to hear that you've actually learned from there. And honestly 3x profit isn't a mistake.

[naira]

You sell it, it means it no longer belongs to you. It's gone and the fiat advantage is yours. There is no concept of loss if you have already gained so much profit. You can still start at the current price, and keep doing the same thing where you only need to let go at the highest price. don't worry, because Bitcoin always provides a guarantee for anyone who is ready to hold it. Especially long term. Sometimes greed makes a person still feel lacking.

[Darker45]

I guess many of us will encounter this experience at some point. Many hodlers have developed steel hands because of what they've gone through, because of Bitcoin proving that it is always increasing in the bigger picture.

I myself have also gone through this. As a matter of fact, after the 2017 bull run, when we had months and months of bear season, I let go of some good amount of Bitcoin. The price fall was extreme and it took so long for the recovery to be seen that the FUD got the better of me. I learned lessons from it.

[DapanasFruit]

You made a good rate of ROI with your investment so if you can look at the brighter side there is nothing to be sad about it. Compared to other people who sold their Bitcoin at a loss, you should be so proud of yourself for doing a x3 profit. Now, please don't let greed be coming your way. Look at Bitcoin now, it is already back at the $40Ks so overall you made a good decision. As for me, I made my mistake years ago when I sold my remaining Bitcoin when the price in the market was just around $3K and until now there are times I still think about it...but life has to move on it can be a big waste of time to speculate on "what if" things in life.

[lienfaye]

Well atleast you made profit from your initial investment thats still a good thing. Although the price went higher, no one knows that it can happen, BTC is unpredicted and we cant accurately tell the next move.

Actually it happened to me last year as well however during that time I already need the money and cant wait longer so I sell my BTC. Its not really a good feeling to sell then the price unexpectedly increased. Regrets are always there but it happened already so what we can do is to move on and not repeat the same mistakes again.

[kotajikikox]

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.

I find no wrong in your decision and that is not totally a mistake, Because you did what assurance need to take place , no one knows what will be the price tomorrow, so that action is best than not getting any profit at all.
if we only knew the price in the future of course we will never sell any of our coins and will buy and buy more right? but it is not the reality here.

I have committed mistakes in the past when the price of Bitcoin Hit the ATH back in 2017 and i kept on waiting for more increase then what happened?
i remained trapped because when i finally wanted to sell the price drops down back to almost how much the value before the Bull market.

[tranthidung]

I find no wrong in your decision and that is not totally a mistake, Because you did what assurance need to take place , no one knows what will be the price tomorrow, so that action is best than not getting any profit at all.
if we only knew the price in the future of course we will never sell any of our coins and will buy and buy more right? but it is not the reality here.

We are not market makers, we are not governments so the best strategy is take capital back as first priority. Then we can gradually take profit and if we are strongly believe in future of Bitcoin, let's allocate part of our Bitcoin for next 10 years or 20 years or longer. It is like a ticket to become millionaire or billionaire. I said about it

Anyway, in bad scenario, we won't lose our capital and already take profit to enjoy our lives.

I have committed mistakes in the past when the price of Bitcoin Hit the ATH back in 2017 and i kept on waiting for more increase then what happened?

This is what all people have to learn in crypto market. When price goes up, they hope price will goes up forever and reject to take profit. When price falls down, they reject to cut loss and believe it's just correction after that price will rise and make new all time highs.

[peter0425]

Well atleast you made profit from your initial investment thats still a good thing. Although the price went higher, no one knows that it can happen, BTC is unpredicted and we cant accurately tell the next move.

Yes and that i something he must be thankful and it is not good attitude to still called this a mistake when he had His x3 profit in just holding in shorter than a year.

Actually it happened to me last year as well however during that time I already need the money and cant wait longer so I sell my BTC. Its not really a good feeling to sell then the price unexpectedly increased. Regrets are always there but it happened already so what we can do is to move on and not repeat the same mistakes again.

Exactly, if you badly needed the money we have nothing to do but to sell our precious coins,
and besides we all Bought Bitcoin for future needs and that includes emergency source of funds.

[habebe]

my only mistake with bitcoin is that I stopped for almost 1 year, I also haven't been able to post here on forum because one of my mistakes is blocking my account and I can't post anymore, so this year I'm coming back  so that I can continue what I started here so I will try so that I can continue to be a bitcoin crypto hopefully give me gifts like merit and have mercy on me and also get merit to be able to start again a bounty crypto ... thank you

[davis196]

This is not a mistake,you just regret for missing the opportunity of making bigger profits,which seems like greed.
We can't figure out the best time to sell our BTC.We can't always maximize our profits from selling BTC.
If you bought BTC low and sold the BTC at a higher price,you made a profit,so there's no reason to call this a mistake and feeling regrets.
I guess that your profit is caused by luck and the fact that you are not being focused on the Bitcoin price 24/7.
Being so emotionally invested and cautious about the Bitcoin price can create some sort of fear and anxiety about the price suddenly dropping.This might cause you to panic sell your BTC right after a small price drop.The price drop might be followed by a price pump,which will make you regret your decision.

[ranochigo]

That is not a mistake. Did you sell your Bitcoins with the knowledge that the price of Bitcoin would grow even further after that period of time? If the answer is no, then you didn't commit a mistake. You merely didn't have the hindsight that Bitcoin would grow even further.

Contrary to this, if Bitcoin tanked before you managed to sell, then it also becomes a mistake, for you didn't manage to sell in time. That surge in Bitcoin price wasn't particularly predictable either so I wouldn't call it a mistake.

[xSkylarx]

I don't find it a mistake because you profited in the first place, it's only a mistake if you lose money from your investment. Sometimes, we have to just appreciate what we get, that's a sign that we are not greedy, what if the other way around happened, you held and bitcoin dump and you lose your money? I think that deserves to be called a mistake.

This is kind of people that are really greedy this will lead to losses on which you need to minimize this kind of behaviour as this has a negative effects in the long run. As long as you have a profit it is still good . Dont mind if you made more because what if thats the opposite you loses. But also mistakes can make you learn something so make used of it

[The Cryptovator]

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.

[wajik-tempe]

That is not a mistake. Did you sell your Bitcoins with the knowledge that the price of Bitcoin would grow even further after that period of time? If the answer is no, then you didn't commit a mistake. You merely didn't have the hindsight that Bitcoin would grow even further.

Contrary to this, if Bitcoin tanked before you managed to sell, then it also becomes a mistake, for you didn't manage to sell in time. That surge in Bitcoin price wasn't particularly predictable either so I wouldn't call it a mistake.

Every decision we made in the past becomes a lesson for the future decision, every trader has it's own phase of their life so there is nothing waste at all, the mistakes converted to the lessons and it will be much more valueable for the investors for future investment.
So there is nothing to regret, cryptocurrency journey is still new and we are the early investors at this time.

[tranthidung]

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.

I think you are like me and many others do the same when we have little experience in crypto market.

We take profit in Bitcoin and try to invest into altcoins. Because we don't have patience to wait for Bitcoin dips, then hunting and betting with altcoins. In the end, altcoins divided by 10, 20 or 100 times in bear market. We lost money for altcoins and it's my regret. Very few altcoins can survive through bear market and can recover to their past all time high. It is not mentioned about their ability to make a new all time high in a new bull market.

We see it again since 2020 and 2021. Many new projects have been created and shilled as potential projects. Let's see how will the end with?