The law of regret :P

[slaman29]

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

Yes you are right. Regret or remorse, if we keep ourselves connected to these states then it could even eat us alive and we would not even notice that because these emotions, if not expressed or dealt with properly, could become a problem for you and your family too. Because if I buy an asset and sell it just a few days before a major pump, which I have done so many times haha, I do not keep regretting it continuously. But if I did then maybe I would have made my life more serious and troublesome.

People who sit on their emotions for too long usually end up doing bad stuff.

Anyway this could turn into a therapy session haha, but you are right. We should not stick with one thing, instead we should move on and do better next time. Also we should not keep very high hopes from BTC either, so we do not regret because of our own mistakes.

I don't usually comment back on something that's a little tired but you had such an interesting avatar, and yes, the fact that all of this spills over to your friends and family makes it important to recognize early and do something about it (in this case, if you are one to regret, then just don't get into Bitcoin).

Move on, grow, learn, don't get stuck in the past indeed. Have a good day bro.

[Antotena]

Regret is like an  emotional damage and it always hurt  any time , or at any place and that's same for traders . OP said it correctly that we always gind something in a market to regret. Of we hold and it dumps or if we sell and it goes up that's were discipline comes in to calm you as a trader in my every post i said trading is not just analyzing the market it is something beyond those charts discipline, patience and motivation. If we let the fomo do their job like controlling your emotions that's it . Regret gonna follow us . Nobody is perfect in this world and when we accept reality psychology do their job.

You know what's surprising about this regret, when things are going bad in the market, people celebrate it because they don't have it and people that have coins they are holding do the patience and the holding. By the time the market pump again, these people that were laughing at the market will come back and wish they bought Bitcoin back then. I mean why regret when it was right in front of you and you refused to buy when it was cheaper.

You see as Bitcoin is dumping, there is no opportunity that is close to this one because any coin you know in the market right now has dump which means it's a discount for buyers but they will not buy. They will discuss this with their internet fantasy friends that Bitcoin these and that. By the time the price climb back again with full force, many of them will come back and feel they have failed and wish they bought that time instead of chitchatting about it.

[Junii]

U are discussing an interesting topic . I will explain this by giving the example of bitcoin . If someone sells Bitcoin at $126k and after that  the bitcoin drops they will be happy but the people who kept holding will regret not selling. On the other hand if Bitcoin rises to $200k the person who sell at 126k will regret selling too early while the holders will be happy. The interesting thing is that the situation is the same people made a decision and later compared it with a different outcome. That is where regret comes from. As long as we keep thinking about what could have been regret will always follow us. It is not really about Bitcoin or money it is part of human nature. As long as we are alive there will always be another decision another outcome and another reason to think like maybe I should have done something different.

[Doll2233]

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.

Its true endless cycle of regret if we let our emotions control our portfolio. Its come from lack of rigid technical and  mechanical trading plan. We always regret with the information we have right now that we didn't have in past. If we sell Bitcoin at a major resistance level and it  pumps another 20 to 30 percent we regret our decision completely ignoring the fact that we made a profitable trade and we remained discipline. Butterfly effect is actually the harsh reality of the market. It is also possible if we have hold on that position we might se a crash and end up loosingIf you hit your predefined goal take profit and leave your position from market

[M47AK16]

I don't usually comment back on something that's a little tired but you had such an interesting avatar, and yes, the fact that all of this spills over to your friends and family makes it important to recognize early and do something about it (in this case, if you are one to regret, then just don't get into Bitcoin).

Move on, grow, learn, don't get stuck in the past indeed. Have a good day bro.

Learning from mistakes is one thing that humans should have, that even animals have. If an animal does something, and let's say it hurts, like touch some plant that hurts their paw or something, they try to not do it again, and even if for testing they try again, and it hurts again, their brain memorizes "touching this hurts, do not do it again" and stops. Even an animal with a simple brain can do that, so humans should not be having trouble learning the same skills and not make the mistakes again and again.

[batang_bitcoin]

It is not really about Bitcoin or money it is part of human nature. As long as we are alive there will always be another decision another outcome and another reason to think like maybe I should have done something different.

And those regrets that we've made will be passed on to the next decisions that we will do. So, all of these human nature that we're having, we're reactive and we'll have to do the right thing once we've learned that it was a mistake, a regret that we did like for those who have missed a lot of opportunities. We only live once and we can make a lot of mistakes and it only takes us one time to correct it all.

[slaman29]

I don't usually comment back on something that's a little tired but you had such an interesting avatar, and yes, the fact that all of this spills over to your friends and family makes it important to recognize early and do something about it (in this case, if you are one to regret, then just don't get into Bitcoin).

Move on, grow, learn, don't get stuck in the past indeed. Have a good day bro.

Learning from mistakes is one thing that humans should have, that even animals have. If an animal does something, and let's say it hurts, like touch some plant that hurts their paw or something, they try to not do it again, and even if for testing they try again, and it hurts again, their brain memorizes "touching this hurts, do not do it again" and stops. Even an animal with a simple brain can do that, so humans should not be having trouble learning the same skills and not make the mistakes again and again.

You do forget that touching a plant that hurts you will still be something to try if the plant provides you a benefit. Or we remove the thorns. We're not animals, so we can still enjoy a rose or eat a cactus That is why people go back to drugs, to gambling etc. The benefit is there. Anyway, never understand these kinds of posts, you're saying what we all know, but please don't simplify in error.

The regret cycle we're discussing, ( by the way you need to read up on the thread of conversations, just not sure why you think what you posted adds any additional value to the ongoing discussion ) is not about learning lessons strictly but about this emotion of regret leading to satisfy a disappointment.

[nara1892]

Regret stems from decisions not based on sound responsibility. It's true that I regret only discovering about Bitcoin now. If I had known about it in 2010, I might have been rich by now. But the question is, who knew Bitcoin would be as valuable as it is today? And there are many other factors that limit access. In 2010, technology wasn't as advanced as it is now, making it difficult for people to learn about Bitcoin or other assets, and I was one of those people.

Furthermore, regret can arise when you buy Bitcoin, but it subsequently drops and doesn't meet your expectations. This issue is more about your lack of responsibility, as it's clear from the start that Bitcoin carries risks.

[Wiwo]

You can regret when you are not expecting anything, bitcoin or cryptocurrency trading or investment should be done with the understanding that you either gain of lose, so keeping your mind away from the quick gains can safe you alot of troubles such as regret.

Also we have to know that bitcoin is very unpredictable an for that reason, always make sure that you are responding to market actions based on your information and knowledge of the market and even at that you should be ready to invest or trade an amount that you can afford to hold on to for a long period of time incase is those coins market dip and you have to hold for them to recover.

No regrets always lessons build and grow in your level of patient.