The law of regret :P

[Zoomic]

We know that regret is dangerous and very difficult to deal with. But there is something more difficult than regret and that is procrastination.

I can regret by 2030 for not buying bitcoin today, but what exactly is the reason that I could not buy the bitcoin? It is the procrastination, which is the worse danger.

If you have $200 to buy bitcoin but you cannot, just commit even if it's $50 and not leave it entirely. That is when regret comes in. I would have just bought with a small money, had I know...

[JaanusRaim]

I guess the simpler version of this is, if you feel regret, you regret many things and a lot of times and repeatedly?

If you don't feel it, you usually just don't regret anything?

I always felt after my life experience there are 2 types of people. People with regrets, and people without Bitcoiners too for sure!!

Yes, your simpler version ("if you feel regret, you regret many things and a lot of times and repeatedly") is similar to the original. The point is that feeling regret now you become the part of an endless regret chain: now is the keyword here, now is the eternity. There were never better time than now and there will be never better time than now.

[slaman29]

Yes, your simpler version ("if you feel regret, you regret many things and a lot of times and repeatedly") is similar to the original. The point is that feeling regret now you become the part of an endless regret chain: now is the keyword here, now is the eternity. There were never better time than now and there will be never better time than now.

I think the Chinese have something similar to this. Yesterday was the best time. Today is the next best time

Go in peace bro, and make the peace with everything, so you can continue in the best way.

Happy trading, stay safe

[Zanab247]

Lack of knowledge in crypto trading is were regret come from, because you will not follow other professional traders advise than to follow your own advise as a newbie who have not experience trading. If you don't want to regret when you experience losses, make sure you have the knowledge of BTC and cryptocurrencies so that you will not give up when losses is coming than to apply other strategies that will help you to recover all your losses, because without you achieve the knowledge of crypto trading you will surely regret when you start experiencing losses.

We know that regret is what traders don't want to experience in their crypto trading, because it can make some to switch to wrong trading that will make them to regret more in the future. We know that mistakes can happen but don't allow any mistake to make you feel you can't make it again in crypto trading, because you can employ different strategies that will make you to double your profit in crypto trading.

[Yeesha]

Regret usually stems from false expectations; that is, you only regret it when you see that the results of a decision were in your favor. And I say it's a false expectation because you didn't know for sure what would happen. Simply put, in trading terms, you made the wrong bet. So, although regret is a normal feeling, I don't recommend accumulating it. I recommend letting it go, since that only creates more confusion when making future decisions based on something you did or didn't do in the past.

Regret occurs only when you made decisions out of compulsion, or being deviate from contentment as a result of your emotions. If decisions are not made out of compulsion, or pressure or even if it is not attached to one's emotion you will hardly regret such decisions, because you will sit calmly, think carefully, understands your opinion, and you will make thoughtful decisions. Trading is more suitable for individuals who chooses to experience and enjoy the world of trading in/ through the right proportion. If you trade just to become wealthy in an instant, you might end up regretting it because you will never follow the rules or the appropriate way as a result of your eagerness and willingness.

[Rengga Jati]

I experienced major regret in 2021. It really happened to my Bitcoin investment, which ended up being due to my overconfidence that BTC would reach $100,000. I continued holding it at the time. However, the market dropped rapidly, and everything failed. Even my altcoin investments failed.

Regret? Of course, at the time, I deeply regretted not creating a gradual strategy. But it was all in vain, and I closed the app for several months. Finally, I was ready to return to crypto with a much calmer mindset.

What do you think were regret comes from ? What is its source ?

In my opinion, this happens because of our unpreparedness, our incompetence. Being ready here isn't just about money, but also about knowledge and understanding. This means that mental preparation is also crucial. Having a strategy is crucial in brainstorming. We can't rely on just one strategy because the market can change at any time. Not only that, we also shouldn't be too greedy, because the consequences will actually make us regret not reaching our profits because of that greed.

[JaanusRaim]

What do you think were regret comes from ? What is its source ?

Regret comes from the gap between expectations and reality.
The regret you described above is because you considered the past as heaven because you didn't try to remember how anxious you were at that time. If you were to go back a few years, you might have been afraid that Bitcoin would die and you might have panicked when the world was hit by Covid, but now your imagination is starting to dream of "How lucky I would have been if I had bought a large amount of Bitcoin at that time.

The illusion of control also often makes investors feel like they've missed the best opportunity, even though the main principle of Bitcoin is that no one ever knows for sure when it's at a peak or a deep valley. But your brain always sends signals to always beat yourself because you have passed the best moment, even though at that time no one ever knew what would happen today. Never regret what you have done in the past based only on the data in the present, you must accept the decisions made in the past using the information available at that time, according to me that is the way to break the chain of regret.

Agree !
"The regret I described above is because I considered the past as heaven because I didn't try to remember how anxious I were at that time."
The key of regret is not remembering the past both objectively and subjectively. The objective part of the problem is easier to solve because there is much information about the objective circumstances of every moment in the past. The subjective part is trickier because no outer source can give me information about the state of my consciousness at that moment and my memory is not trustworthy at all. Every day in the past had about 60x60x24x10=864 000 conscious moments.... 864 000 little secrets ?

What I can do to restore the subjective picture of the past ? ?



I think there will be the theatre performance "Six Pictures from the Paradise" (inspired by the Estonian movie "100 pilti paradiisist" (in english "100 Pictures from the Paradise"), author Tõnis Lepik). In the context of Bitcoin that means six episodes - 1) the first episode from the moment Bitcoin was last time for free (2010), 2) the second episode from the moment Bitcoin was last time sold below 1 USD (April 16, 2011), 3) the third episode from the moment Bitcoin was last time sold below 10 USD (October 26, 2012), 4) the fourth episode from the moment Bitcoin was last time sold below 100 USD (August 18, 2013), 5) the fifth episode from the moment Bitcoin was last time sold below 1000 USD (March 26, 2017) and 6) the sixth episode from the moment Bitcoin was last time sold below 10 000 USD (July 26, 2020).
The interior of the every episode will not reflect the present but the previous (lost) era (for example big brick-like 1990 mobile phones in 2010 and MtGox in 2017).

[L E G E N D A R Y]

Regret occurs only when you made decisions out of compulsion, or being deviate from contentment as a result of your emotions. If decisions are not made out of compulsion, or pressure or even if it is not attached to one's emotion you will hardly regret such decisions, because you will sit calmly, think carefully, understands your opinion, and you will make thoughtful decisions. Trading is more suitable for individuals who chooses to experience and enjoy the world of trading in/ through the right proportion. If you trade just to become wealthy in an instant, you might end up regretting it because you will never follow the rules or the appropriate way as a result of your eagerness and willingness.

A lot of scenarios could actually lead to regrets you know, even if you didn't necessarily make the decision out of compulsion. For instance, it's possible to feel regret even after a refusal to take an action you were meant to take. That is, just the same way regrets comes from taking an action, it could aslo come from not taking any actions at all. Regrets naturally comes from an unexpected turn of event, primarily from a feeling of disappointment.

[Mpamaegbu]

...That is, just the same way regrets comes from taking an action, it could aslo come from not taking any actions at all.

You're absolutely right on that. Even when one doesn't take a decision, one has ironically taken one. That's why it's said that not taking a decision is actually taking a decision. Anyone who's scared of blame or regret isn't ready to confront life headlong.

<snipped>
Regrets naturally comes from an unexpected turn of event, primarily from a feeling of disappointment.

That's why we can only judge our wisdom or foolishness on hindsight. At the time of taking any decision, it will appear as the right thing to do.

[puloweh555]

We know that regret is dangerous and very difficult to deal with. But there is something more difficult than regret and that is procrastination.

I can regret by 2030 for not buying bitcoin today, but what exactly is the reason that I could not buy the bitcoin? It is the procrastination, which is the worse danger.

If you have $200 to buy bitcoin but you cannot, just commit even if it's $50 and not leave it entirely. That is when regret comes in. I would have just bought with a small money, had I know...

When it comes to regret, I think everyone who's ventured into the crypto world has experienced it. The only difference is that we must learn from those regrets to create something better in the future. I'm reminded of 2010, when a programmer named Laszlo made a decision that is now celebrated by the crypto community. He offered 10k BTC for just two pizzas. Of course, he regrets it now but if he accepts that regret as a lesson it will be good for him because he created the first Bitcoin transaction. So, the lesson he learned is that one simple decision changed the history of modern finance.

That's what happened to us. If we regretted not buying Bitcoin a few years ago that's not the end. You should take it as a lesson and reflection and don't delay. If you regretted it in the past, start now and commit to buying Bitcoin gradually, so that in the next 5 or 10 years you won't feel the regret anymore. Because procrastination is often a silent killer, even more deadly than regret itself. So if you truly believe in Bitcoin as a long term asset then you should have a consistent commitment which is much better than waiting for a lower price.

[ZAINmalik75]

I guess the simpler version of this is, if you feel regret, you regret many things and a lot of times and repeatedly?

If you don't feel it, you usually just don't regret anything?

I always felt after my life experience there are 2 types of people. People with regrets, and people without Bitcoiners too for sure!!

Haha, you heard that right, people with regrets and people with Bitcoin. That's a good line. Some people have this nature from the start that they complain about everything, but to be honest, now I am seeing a lot fewer of these people. Either the economy is forcing them to become stronger, or they are changing with time. Everyone grows out of their old habits one day, but for a successful change, they first need to understand which habits are wrong.

Some don't, and I don't like that mindset.

People who keep talking about their past experiences, especially the bad ones, and are always complaining among their family members, relatives, or friends, become a cause of their own disrespect. If I ever kept crying about something in front of my friends, they would tease me for the rest of my life. Therefore, I know the best thing is to move on and chase the next opportunity, which is at least something we can do instead of wasting all that time.

[nara1892]

Regret arises because you do not realize that every decision has a risk side, if for example you have realized it from the beginning then you should have prepared yourself to accept all the possibilities that could happen after you make that decision, I have also been in a situation like that, previously I started buying Bitcoin at a price of $ 20k with the weekly DCA method and after a few months I sold everything at a price of $ 37k and only a month later from that sale it turned out that Bitcoin skyrocketed almost 2x from that price, which touched around $ 62k, isn't that a very painful situation? Of course, but I understand that every decision can certainly lead to something that I might not like, so I always prepare myself from the start.

[slaman29]

<>
I always felt after my life experience there are 2 types of people. People with regrets, and people without Bitcoiners too for sure!!

Haha, you heard that right, people with regrets and people with Bitcoin. That's a good line. Some people have this nature from the start that they complain about everything, but to be honest, now I am seeing a lot fewer of these people. Either the economy is forcing them to become stronger, or they are changing with time. Everyone grows out of their old habits one day, but for a successful change, they first need to understand which habits are wrong.

Some don't, and I don't like that mindset.

People who keep talking about their past experiences, especially the bad ones, and are always complaining among their family members, relatives, or friends, become a cause of their own disrespect. If I ever kept crying about something in front of my friends, they would tease me for the rest of my life. Therefore, I know the best thing is to move on and chase the next opportunity, which is at least something we can do instead of wasting all that time.

I don't know if people are changing because of economy, its always been hard in Asia and people always adapt with all kind of hustles, and even 20 years ago people poured into trading and forex and MLMs, the same kind of FOMO and regret cycles all coming in full circle with Bitcoin. I don't think people figured things out, they're just moving on to the next hype things. AI even I would say but that's a different topic.

What I can see is those who stayed with Bitcoin were never really the ones into the hype anyway. And not the ones who fall hard into the regret cycle.

Crying about the past is annoying, and most of us here are guys, even more so