Peanutswar
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January 05, 2022, 11:22:55 PM |
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You already gained your profit by the 3x I guess its already a good profit unless you becomes more greedy and wait for the price to pump again, imagine currently the bitcoin is now suffering from the price of 40k$ and if we didn't beat this kind of trend now there's another chance of dump again so many people waiting if this is another dump or not. You already get a profit and it's part of the investment taking the risk or losing your asset.
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Shasha80
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January 05, 2022, 11:31:59 PM |
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I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.
IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.
As long as we can make a profit, we should be grateful for it and not consider it a mistake. Because there are still many investors who experience losses when investing in Bitcoin, so being able to get a profit is a good thing. After all, it is very difficult to predict Bitcoin price movements accurately, so the most important thing is not how much profit we make, but we can avoid losses alone is a very good thing. If we invest in Bitcoin we want to always make a big profit, it will only stress us out. So I never complain how much profit I make, for me is a fun thing to make a profit even though the results are small. After all, if we make a small profit if it is accumulated it will be big too.
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Tellek Garing
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January 06, 2022, 08:20:41 AM |
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This topic can be just endless. If you remember my process of working with bitcoin, you can see dramatic changes in forecasts and different rates in general. This is what largely influences the results of work.
What is your point exactly and what sense you trying to make, I will advise the ops to spread his investment going forward and try to hodle some amount in Bitcoin and at the same time try to trade while waiting for the right time to avoid such regret in the future? Bitcoin is a timeless asset and at that, its price can change at any time that is why it is referred to as a highly volatile investment.
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Rockstarguy
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January 06, 2022, 08:28:21 AM |
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Had it been you still HoDL till when the price got got High you would have more than enough, but it is not your fault you sold out . You never knew the price will go that high , had it been you knew you wouldn't have sold had so fast. The moral lessons from this is that bitcoin unpredictable in price , the market can change for good. Another lesson to be learnt is we should not be too fast to sell , Hodling is more profitable.
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haasanjui
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January 06, 2022, 05:29:12 PM |
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My main mistake is to miss BTC on 28k$ in last of 2020. When i had joined crypto was 28k$+ but today its price is 45k$+ if i invest it in past time I could got double but i missed this opportunity.
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BIN-BIN
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January 07, 2022, 07:04:00 AM |
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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.
Just yesterday binance exchange bought the dip the exchange added about 64 thousand Bitcoins to their holding and microstrategy is also on the way to buy the bitcoin market deep will favor those that can hold Bitcoin so do as much as you can to hodle your Bitcoin and if you can buy then go ahead.
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virasog
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January 07, 2022, 09:45:52 AM |
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I don't see it as a mistake though. You simply don't know that the price will still make a push that high, plus you've already made a profit so it's already a wise decision. Perhaps you might feel some kind of regret since the price pushed higher, but what if the price went the other way? You'll have regrets too, and an even bigger one at that.
IMO, next time you want to invest, see to it that you will have something that you intend to store for the long term, and something to take profits from if the price performs quite well.
No one can caught the exact top or bottom for bitcoin price or any other cryptocurrency prices. The best thing you can do is to take profits. To maximize your profits you can set two or three take profit targets and try to gain maximum benefit. The biggest mistake we make is that we don't take profits and the price of the coin falls below our buying price.
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carlisle1
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January 07, 2022, 11:28:45 AM |
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Had it been you still HoDL till when the price got got High you would have more than enough, but it is not your fault you sold out . You never knew the price will go that high , had it been you knew you wouldn't have sold had so fast. The moral lessons from this is that bitcoin unpredictable in price , the market can change for good. Another lesson to be learnt is we should not be too fast to sell , Hodling is more profitable.
Not generalizing, but there are investors who choose to sell when they see the good numbers of fold from their initial investment, It's not new to anyone here. We do all have that same mistake regretful decision but instead of dwelling we choose to move forward and try to seek for other opportunities and hope that it won't happen again. learn to appreciate and never to stop aiming for much better benefits. There's always an open door for people who really seek for more.. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Chato1977
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January 07, 2022, 11:31:50 AM |
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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.
actually you done perfect because no one knows what will happen next, we buy crypto now and we expect a pump but in the next day it will dump then you will cry for losses . So never feel bitter when you decide like that because it will happen in the next time. Be thankful because you earn and just do something good in the next chance .
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Questat
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January 07, 2022, 11:57:08 AM |
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snipped~
actually you done perfect because no one knows what will happen next, we buy crypto now and we expect a pump but in the next day it will dump then you will cry for losses . So never feel bitter when you decide like that because it will happen in the next time. Be thankful because you earn and just do something good in the next chance . They can possibly be better next but that only happens when they also learn their mistakes and take action to prevent them from happening again. As long as they carry with negative hopes and no changes taken, I'd never going to expect that this will able solve their problem but it can make it worse and still in losses.
I actually can't remember my mistake but for sure there is, however, I don't make it a big deal coz it is obvious that we can make such a thing as we are not perfect.
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bitzizzix
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January 07, 2022, 12:00:57 PM |
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I don't think what the OP did was a mistake, because you are selling in a profitable position, maybe there is only regret because after you made a sale and you thought it was the highest price and it turned out the price was even higher. and events like that are commonplace, because everyone must have experienced it, myself included, and it will be an experience and must be realized bitcoin is not easy to predict and long term is the best.
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AakZaki
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January 07, 2022, 01:35:06 PM |
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I think it's a mistake but it's not a big mistake, so there's no need to worry about it, it's a natural thing to happen, after all, you've already benefited 3 times, I think everyone involved in the crypto world has experienced mistakes, it's the same with me personally. I've experienced something similar at different times and I don't regret it.
Don't remember too much, but make a lesson to improve it. True to what you say, no trader is perfect without losses. But traders learn to avoid it and return those losses. That's not to be regretted, you just do what you can do to the maximum. Take advantage of the moments and discipline the rules you have made. Of course, all require learning and not a little time. But I'm sure one day you'll enjoy the results.
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BIN-BIN
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January 07, 2022, 01:36:47 PM |
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I don't think what the OP did was a mistake, because you are selling in a profitable position, maybe there is only regret because after you made a sale and you thought it was the highest price and it turned out the price was even higher. and events like that are commonplace, because everyone must have experienced it, myself included, and it will be an experience and must be realized bitcoin is not easy to predict and long term is the best.
The ops should consider changing the title of this thread to reflect the try condition of the message because what the ops did was not a mistake but just cashed out when the market is still at its early stage of price bull run. I will suggest you learn how to be more patient next time or try to set a selling date or amount to your investment 3
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ChiBitCTy
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January 07, 2022, 01:54:52 PM |
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I certainly understand selling bitcoin earlier than you would have liked to simply based off the price at the Time you sold versus some time down the road that ended up being a good bit more dollar wise but here’s the thing, we don’t know when bitcoin is going to hit a certain level and and biticoin is meant to be used, it’s a currency!
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Kelvinid
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January 07, 2022, 02:54:43 PM |
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I think it's a mistake but it's not a big mistake, so there's no need to worry about it, it's a natural thing to happen, after all, you've already benefited 3 times, I think everyone involved in the crypto world has experienced mistakes, it's the same with me personally. I've experienced something similar at different times and I don't regret it.
Don't remember too much, but make a lesson to improve it. True to what you say, no trader is perfect without losses. But traders learn to avoid it and return those losses. That's not to be regretted, you just do what you can do to the maximum. Take advantage of the moments and discipline the rules you have made. Of course, all require learning and not a little time. But I'm sure one day you'll enjoy the results. It needs more time and effort to learn out from trading and these bad experiences that we have could always be a tool in order for us to improve and to value trading. This could prove that there is no easy money in trading, it is all been a struggle when doing it. But why do we never stop despite those losses and hard times? It was because we want it and we feel that trading is for us. I'd fine no regrets when having bad times in trading. Yes, because even how much we care about not making any mistakes, but somehow we don't have any escape. We'd rather face this sad reality in the life of trading.
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CDC AP
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January 07, 2022, 04:34:14 PM |
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I absolutely agree with you that Bitcoin is a long-term investment and we should hold it, but not to sell as it will be much more expensive in the future. My strategy is to buy more and more bitcoin on every correction and wait 5 or 10 years and then I believe that I will lock up a huge profit from my crypto investment. Apart from Bitcoin, I also hold Ethereum, BNB and Matic.
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Coyster
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January 07, 2022, 05:08:21 PM |
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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.
Mind you that you can't hodl Bitcoin forever especially when you intend to use it as an investment (and not a currency), if you invest in the Bitcoin network then you intend to make profit, so if you had actually made profit before you sold, then I'm sorry mate you didn't make any mistake, I don't like it when people regret selling their coins cause the price hiked after they sold, you must understand that the price of Bitcoin is volatile, thus it can either go up or down as the case may be, so you can sell and the price appreciates or plunges. What's most important is the kind of investor you are, long term and short term, if you're short term, then it's great to sell whenever you make profit, as for long term investors, they tend to hodl for a longer time, but whichever you are, as long as you're an Investor, the goal is to make profit, and if you did, then it is what it is, and I don't see any mistake being made.
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Ararbermas
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January 07, 2022, 05:20:04 PM |
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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.
yhup you're right bitcoin is the most safe investment in the space and always can guarantee good return after all. So hodling such assets is worth it wherein just don't be greedy and make technical analysis very often to don't miss some of the opportunity because that's the most important thing as well especially news as it the common reason that can drive the market up and down. Be smart enough also when it comes holding to prevent regrets.
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Kasabus
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January 07, 2022, 07:43:45 PM |
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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.
yhup you're right bitcoin is the most safe investment in the space and always can guarantee good return after all. So hodling such assets is worth it wherein just don't be greedy and make technical analysis very often to don't miss some of the opportunity because that's the most important thing as well especially news as it the common reason that can drive the market up and down. Be smart enough also when it comes holding to prevent regrets. Well, as long as you're into bitcoin, you should not worry even if series of dumps will appear as you won't be selling at a low price. And always monitor the market of course so you can sell some of it and make profits if the price reaches a new all time high. For OP, i think what you did was a common mistake that has experienced by everyone. But what is important, you learned from it and you probably won't be doing the same mistake again.
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Oilacris
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January 07, 2022, 11:47:21 PM |
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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.
it seems like everyone feels this way in crypto. I also sold around $3k and a few months later it went up to $20k. so no one really knows what the future will be like . what is certain is that currently bitcoin holders are always profitable if they are never sold. and in the future it is very likely something like this will happen again . Missed chances or opportunities would really be on this way thats why we shouldnt really stress out ourselves and do really think off on having going back into the past and minding those unfortunate situations because you cant really move on and wont really be having a clear mind on dealing with present or to future engagement with the market. Mistakes had been done thats why its important that you would really be learning from it and wont tend to do those mistakes even though its not an assurance but at least you are aware on various things. No one starts on being a pro but once you are getting some experience then you woudl really be heading there.
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