Wrong Moves With Your Bitcoin

[nimogsm]

I made a big mistake in the past. Whenever the Bitcoin price went down, I used to sell my holdings immediately, hoping to buy them back at a lower price. But this strategy didn't work for me and I ended up losing money. It became frustrating, so I stopped holding Bitcoin altogether. Unfortunately, I missed out on the big price increase that happened later.

I think this is one of the most common situations, we have all been there and this is absolutely normal because when we start our journey we don’t know much. Now the best strategy is accumulation because in the long run it is always more profitable than waiting for drops and buying cheaper.
Holders who have been holding their funds for years are already in good profit, but this does not work with many altcoins as they lose value faster and are more dependent on the market and news and are more suitable for traders to quickly take profits.

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[JiiBs]

I made a big mistake in the past. Whenever the Bitcoin price went down, I used to sell my holdings immediately, hoping to buy them back at a lower price. But this strategy didn't work for me and I ended up losing money. It became frustrating, so I stopped holding Bitcoin altogether. Unfortunately, I missed out on the big price increase that happened later.

I think this is one of the most common situations, we have all been there and this is absolutely normal because when we start our journey we don’t know much. Now the best strategy is accumulation because in the long run it is always more profitable than waiting for drops and buying cheaper.

Unlike you guys, I haven’t had to buy a single Bitcoin at all but I hope to buy some day, maybe when am really satisfied in my mind to take up the investment and fine better means to secure it. I have come to see people talk about a best time to buy and sell but, where does that place me being ignorant about it and how it actually operates and not having to lose them after I only just bought them.
Isn’t it better late than sorry?

[bobbybkk]

Psychology and past experiences can really have a huge impact:

For example:

1) In the dotcom bubble around 2000 plenty of IT stocks went sky high and then within a year they were worth pennies and never recovered.

After this kind of experience you are very tempted to realize profits with Bitcoin too early , than waiting too long....

2) If you use money you save yourself for an investment, you are always worried to lose it and watch every move of the market with a lot of concern.

If you made already a healthy profit from earlier investments, and invest some of the profits for example in Bitcoin, then things get more relaxed, because your own capital is not at risk....

I would say a good course of action is if you have made already a healthy profit to sell and get your original investment back, and then let the rest untouched for longer.
In case the longterm investment goes bad, at least you still have you original capital for the next try....

This is how I see things now.....

[Crypt0Gore]

There were times when I regret selling my Bitcoin for less amount of money and few months later it surged massively, the thing that calm my mind was me thinking how I will solve the problem I had then if I don't sell that bitcoin.

The reason why life is fun is the adventure we battle while striving, I don't regret selling that Bitcoin after deeply thinking about it, I got it in the first place to beat the hard times and it did, I later did well in my life since then.

No one can predict what will happen tomorrow but it's a must to keep taking risks like investing, this is a good way to be successful in life, it's good to hold your Bitcoin for the long term, but if a reason comes for you to spend it do not think about it too much, you will get it back, remember, even our lives are not guaranteed.

[ChiBitCTy]

Well for those who've been around long enough, I think it's important for those whom haven't to understand what we've been though.  There was and still isn't a guarantee that bitcoin is going to blast off and continue with its climb up north.  So for many of us, selling our bitcoin when we've been up a few thousand percentage points, not knowing what the future holds, you can't really blame yourself.

Same thing goes with Laszlo and his 10k btc pizza.

[SeriouslyGiveaway]

Stories like yours happen a lot in this market. I believe anyone who has been in this market for a while has experienced the same situation - exchanging gold for trash. We are often lured by MM or scam project creators to take our Bitcoins in exchange for their tokens printed out of thin air. Projects are continuously drawn up during the bullrun season and these are traps that we easily fall into because of their attractive price increases. Holding Bitcoin during the bullrun season and watching other Altcoins grow tens or hundreds of times is too difficult to resist.
Scam projects or MM teams know that clearly, so they always create greedy traps to take away all the Bitcoin we have. I myself have made this mistake many times. Not only that, being mentally weak while holding Bitcoin also caused me to lose a lot of quantity when trying to outsmart the market, but every time I decided to sell Bitcoin to optimize quantity, immediately followed by strong growth of Bitcoin, and I had to buy it back at a higher price than I sold it.

[harapan]

Well one of the mistakes I made about bitcoin was that I was unable to believe it,study it and adapt myself and be conversant with the
bitcoin features.I would say that I am also one of the people that got scared on adopting or engaging in bitcoin.
  But at some point,I was able to deal with the fears and uncertainties i had about bitcoin because I realized that I needed to grow and experience another level of understanding and for financial upgrade.
  Honestly,one needs to be in the right frame of mind to accept things like bitcoin.If I had continued listening to people's opinions and predictions,I wouldn't be able to engage myself in something productive like bitcoin.

[tread93]

Ah yes, I'm sorry that you did this OP but we shall live and learn, EH? HODLing is no easy task especially in the bear but when you make it to the other end it is surely glorious. There is a lot more time you can still buy back BTC!!

[JoyMarsha]

If we knew what the future would hold, perhaps many people would be more greedy. I once sold bitcoin at a price of nearly $400, but to say it was a complete mistake I don't think so, because I'm still here and my confidence in the opportunity that bitcoin brings is growing.

would be more greedy, but we don't know what the altcoins we intend to hodl would yield in the future.
In one way or another, a lot of us have sold bitcoin for a low price and regretted our terrible decisions. Even though we still feel regret sometimes, we have moved on since life always offers us another opportunity to right our wrongs. We dont intend to "stop accumulating bitcoin" at any point in the near future, as the majority of us have been doing for some time.

[Rufsilf]

My experience with bitcoin investing has, I think has shown that it was a bad decision because the price of the cryptocurrency has dropped significantly. When I notice that, I begin to worry about my investment and opt to cash out since I believe it is better to protect any value I may be able to recover. But a few days after I sell my investment, the market becomes more optimistic, and the price of bitcoin begins to increase once again.
As a result of cashing out at a lower price, I believe I made a mistake and missed the chance to profit from the subsequent increase in the price of bitcoin. I believe that if I had hung onto my investment, the price increase would have resulted in large gains. I think that my irrational decision-making was driven by fear or anxiety over temporary losses.

[Tipeform$]

Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.

Please share your story here if you have one so we can learn a lesson or two...

Bitcoin Journey Nothing has happened to me in my long or short Bitcoin journey that I regret. There are many incidents that may have happened in many people's lives and mentioned by many. For those who have a lot going on with Bitcoin in their lives, it's best to ignore those events and reframe the dream. Because cryptocurrency is a system with no forethought, almost everyone has made mistakes here that they now regret. But if I have ever wronged myself, I will certainly express that regret here.

[LogitechMouse]

~
Please share your story here if you have one so we can learn a lesson or two...

Falling in love with my Bitcoins.
That doesn't mean I got literally in love with Bitcoins. What I mean is that I held them so much that I forgot to take profit when needed.

Investing is all about entering and exiting at the best time possible, and I forgot exiting in 2021 when the market is at it's highest. Instead of selling all of my tokens including Bitcoin, I chose to just watch the market and hold all of it. A few months later, the market started to go downwards. I immediately regretted my decision because if only I sold all of my holdings, I might've used some of it to buy some things or pay at least and keep a huge portion of it to re-invest when the bear market started which eventually started a year after.

Making the mistake once is still ok, but doing it twice then there's a problem with you. That's how I think that's why when the bull run starts, I will immediately sell all of my holdings and might keep some for the long-term (maybe around 0.001 BTC ). All of us make wrong moves when it comes to Bitcoin, and investment in general. What matters most is that, we learn from all of it.

[Rehan Zakir]

The price of Bitcoin fluctuates greatly. During my learning phase, I made many mistakes. I bought Bitcoin at $37,000, but when it dropped to $25,000, I sold it at a loss. Later, the market dipped below $20,000. However, after one month, the market surged and reached $38,000. I felt very depressed that I sold my Bitcoin at such a low price. This was a mistake I regret.

[Casdinyard]

I wouldn't really call this a mistake because back then I was poor as shit and solely relies upon my crypto payments from a previous odd job, but here goes.

Back in 2018-2020 I was working for this guy as a community moderator and his resident copywriter, who would provide me payments in cold, hard BTC. Given the fact that I had no job back then as I got laid off on my old work I had to depend upon crypto and bitcoin throughout those years. If I hadn't lazed my ass off and actually looked for a job while I keep the odd job that I have with this particular person so I can keep getting a foot on the crypto door, I would've had a pretty sizable addition to my crypto portfolio but instead I used it to fund my living expenses, which still isn't bad cause at the end of the day I didn't use the money for anything stupid but every now and again I wake up in a cold sweat thinking about how much my portfolio would've grown had I kept those bitcoins intact and not spent when the coin's just around 10k.

A costly mistake I suppose, but then again it's one that allowed me to open my eyes to just how powerful this industry is. I was able to fund myself and not die of starvation for 3 years approximately, while some of us here use and see crypto as an investment venture, which isn't so bad either. Not particularly negative, but goddamn do I wish I still kept those coins lol.

[redsun114]

Well one of the mistakes I made about bitcoin was that I was unable to believe it,study it and adapt myself and be conversant with the
bitcoin features.I would say that I am also one of the people that got scared on adopting or engaging in bitcoin.
  But at some point,I was able to deal with the fears and uncertainties i had about bitcoin because I realized that I needed to grow and experience another level of understanding and for financial upgrade.
  Honestly,one needs to be in the right frame of mind to accept things like bitcoin.If I had continued listening to people's opinions and predictions,I wouldn't be able to engage myself in something productive like bitcoin.

That's a mistake that a lot of people made back in the day. Though I didn't have the same mindset and my situation was different, I lived through the phase where people didn't believe in Bitcoin and thought it was something bad and not worth any attention and at that time, the price of Bitcoin was around $400 or something. I still remember, that international media used to call Bitcoin a terrorist coin because it promotes anonymity and decentralization, and people used to call it a bubble.

Throughout this time, I always knew Bitcoin was something magnificent and it would be huge in the future, however, I was a student back then and didn't have the funds to be able to purchase any.

[Altryist]

That's a mistake that a lot of people made back in the day. Though I didn't have the same mindset and my situation was different, I lived through the phase where people didn't believe in Bitcoin and thought it was something bad and not worth any attention and at that time, the price of Bitcoin was around $400 or something. I still remember, that international media used to call Bitcoin a terrorist coin because it promotes anonymity and decentralization, and people used to call it a bubble.

Throughout this time, I always knew Bitcoin was something magnificent and it would be huge in the future, however, I was a student back then and didn't have the funds to be able to purchase any.

I remember exactly the time when Bitcoin cost $250, one person with shining eyes proved to me that this was the coin of the future, that it would be very expensive. I looked at him and of course I didn’t believe him that this could happen, but he caught my attention because he had bought Bitcoin earlier at a price of $100, and at that time already had a profit.
Of course, he sold his bitcoins too early and was not able to make the profit that he told me about then. I don’t know if he owns bitcoins now, but thanks to him I began to become interested in bitcoin.

[South Park]

That's a mistake that a lot of people made back in the day. Though I didn't have the same mindset and my situation was different, I lived through the phase where people didn't believe in Bitcoin and thought it was something bad and not worth any attention and at that time, the price of Bitcoin was around $400 or something. I still remember, that international media used to call Bitcoin a terrorist coin because it promotes anonymity and decentralization, and people used to call it a bubble.

Throughout this time, I always knew Bitcoin was something magnificent and it would be huge in the future, however, I was a student back then and didn't have the funds to be able to purchase any.

I remember exactly the time when Bitcoin cost $250, one person with shining eyes proved to me that this was the coin of the future, that it would be very expensive. I looked at him and of course I didn’t believe him that this could happen, but he caught my attention because he had bought Bitcoin earlier at a price of $100, and at that time already had a profit.
Of course, he sold his bitcoins too early and was not able to make the profit that he told me about then. I don’t know if he owns bitcoins now, but thanks to him I began to become interested in bitcoin.

I really hope that this person that helped you back then still holds some bitcoin as in a way it would be tragic if that was not the case, now I am not going to deny that compared to the expectations that I had back then when I begun my journey, bitcoin has grown at a speed that is many times faster than what I thought I could see, so I could understand that someone that sold at the time, may have thought that a drop in its price was coming, and then they were surprised when the price of bitcoin kept increasing.

[Alpha Marine]

I made a big mistake in the past. Whenever the Bitcoin price went down, I used to sell my holdings immediately, hoping to buy them back at a lower price. But this strategy didn't work for me and I ended up losing money. It became frustrating, so I stopped holding Bitcoin altogether.

One thing I was lucky enough to understand during my early stages of this journey was that "Bitcoin price always comes back up". It might take time but the patience is worth it. I also knew that trusting Bitcoin over altcoins was the way to go. I was not good at short-term investments, and that is what a lot of altcoins offered. Within a month you can be getting X10 your investments. I wasn't moved by all that because I could never tell which coin would go up and which wouldn't so I just stuck with Bitcoin.

Unlike you guys, I haven’t had to buy a single Bitcoin at all but I hope to buy some day, maybe when am really satisfied in my mind to take up the investment and fine better means to secure it. I have come to see people talk about a best time to buy and sell but, where does that place me being ignorant about it and how it actually operates and not having to lose them after I only just bought them.
Isn’t it better late than sorry?

I won't advise someone who doesn't doesn't have the basic understanding of Bitcoin to buy Bitcoin, no matter how bullish it might be at the moment, but if you have the understanding of it, I mean what it really is, then you can go ahead and buy if you want to and if you have the means to.

But since you said you're ignorant of how it operates, it's a good thing You're here, that's if you're interested in it. Your interest will make you curious and your curiosity will make you learn about it. It's actually not as complicated as it seems, just be ready to learn, that's all.

[GigaBit]

Made mistakes with your Bitcoin in the past...that you still regret or at least considered to be a wrong move especially considering the price of BTC these days? Three years ago, I got bored with the movement of Bitcoin so I look for other good alternatives which I can use to replace...unfortunately I decided to go for BTCV all in. And it was a big horror because two months after the price of BTCV dropped to just 30% to when I bought them...got no choice but to cut loss.

Please share your story here if you have one so we can learn a lesson or two...

This mistake was made by many bitcoin investors and the today's price is a one kind of reminder. Regret is very common situation for them. A friend of mine sold his bitcoin a few months ago when it dropped below 27k and prepared to buy further dip but he waited as the price of bitcoin went up and he now regrets it. Of course I gave him the suggestion but he was afraid to take the risk. Situations like this are not uncommon, but a Bitcoin investor can learn a lot from it. People learn from mistakes.

[nimogsm]

I made a big mistake in the past. Whenever the Bitcoin price went down, I used to sell my holdings immediately, hoping to buy them back at a lower price. But this strategy didn't work for me and I ended up losing money. It became frustrating, so I stopped holding Bitcoin altogether. Unfortunately, I missed out on the big price increase that happened later.

I think this is one of the most common situations, we have all been there and this is absolutely normal because when we start our journey we don’t know much. Now the best strategy is accumulation because in the long run it is always more profitable than waiting for drops and buying cheaper.

Unlike you guys, I haven’t had to buy a single Bitcoin at all but I hope to buy some day, maybe when am really satisfied in my mind to take up the investment and fine better means to secure it. I have come to see people talk about a best time to buy and sell but, where does that place me being ignorant about it and how it actually operates and not having to lose them after I only just bought them.
Isn’t it better late than sorry?

It’s never too late to start buying a little at a time. There’s no point in buying a large sum right away if you’re new to this industry.buy once a week for a small amount if your extra finances allow you to do so. Pay attention to the price for the last few months. Imagine if you If you bought it in portions, then your savings would have increased in price, here’s a simple example. The main thing is to start doing it and the result will not come right away, you need to be patient and slowly increase your capital and the result will please you in half a year or a year.