One reason why you shouldn’t sell Bitcoin too early

[Ahli38]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early. And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price. Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned. But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin. I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price. And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

(Source)

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

[DanWalker]

Selling 1700 BTC for $0.30 may have seemed completely rational at that time. Judging by his tweet he may have realized how big the opportunity cost could be when it rose to $8.

In fact,  halving itself is not a profit machine. In next halving, the block subsidy will be reduced from 3.125 BTC to 1.5625, meaning that the issuance of new supply will decrease. But the price will ultimately depend on demand. The price impact in last halving was positive, but that cannot be said to be the sole reason for the entire price movement.

Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you?

If someone's conviction is based solely on price increase then they may panic sell asap they see 30/50% correction.

But those who have conviction about long term adoption of Bitcoin I don't think they much care about this temporary volatility. So why are you holding Bitcoin? It is important to realize first.

[tbct_mt2]

(Source)

Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you?

There is no time as late to buy bitcoin or to sell bitcoin. Especially if you are selling your bitcoin for profit, it's good, and it's even better if you take profit for something needs cash to spend for your important need at anytime.

Two most common mistakes people usually have are like follows.
- They think it's now too late to get their entries with Bitcoin market because they see price like is too expensive already. They're wrong with such thinking because Bitcoin has very good price growth that is quite solid and sustainable because it comes from solid foundations technically and its widely adoption globally.
- They think it's bad to take profit, that is wrong too. Each market cycle, if you take profit, it's good, not bad, just don't take profit with all bitcoin you have because it will raise a need of finding absolute All Time High for taking profit. While a task of finding absolute ATH and bottom as well as timing the market is unrealistic and impossible.
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy
https://bitcoindata.science/withdrawal-strategy

[TokenTikas]

Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

This is a story that is worth regretting because when he sold the bitcoin, it was okay according to the price at that time, but later seeing the price of bitcoin increase, it is normal that he will regret it. If we think about his history of selling 1700 bitcoins from the perspective of the present time, naturally he can do nothing except blame himself, and at the same time there is nothing to do except regret.

Those who can analyze the history behind bitcoin and understand the volatility that the bitcoin market has gone through until now will refrain from selling bitcoin at a low price. Those who have understood bitcoin will wait for a long time and continue investing while keeping their morale steady to get something good.

[hd49728]

This is a story that is worth regretting because when he sold the bitcoin, it was okay according to the price at that time, but later seeing the price of bitcoin increase, it is normal that he will regret it. If we think about his history of selling 1700 bitcoins from the perspective of the present time, naturally he can do nothing except blame himself, and at the same time there is nothing to do except regret.

There are many people who sold bitcoins with cheap prices in the past but we are not them to say they are regretful about their decisions or not. Their participation in the past as early adopters, then selling decisions are important parts of Bitcoin history, its growth. Like the first pizza trade is a truly milestone for Bitcoin adoption growth and Bitcoin community.

Laszlo and trades for pizzas
https://bitcoinmagazine.com/culture/the-man-behind-bitcoin-pizza-day-is-more-than-a-meme-hes-a-mining-pioneer

theymos
16 years ago Theymos sold 160btc at $0.003 per 1, lowest price ever recorded.

Reddit thread
https://www.reddit.com/r/Bitcoin/comments/su7jld/mining_250_bitcoin_with_1_computer_12_years_ago/

[angrybirdy]

This is a story that is worth regretting because when he sold the bitcoin, it was okay according to the price at that time, but later seeing the price of bitcoin increase, it is normal that he will regret it. If we think about his history of selling 1700 bitcoins from the perspective of the present time, naturally he can do nothing except blame himself, and at the same time there is nothing to do except regret.

There are many people who sold bitcoins with cheap prices in the past but we are not them to say they are regretful about their decisions or not. Their participation in the past as early adopters, then selling decisions are important parts of Bitcoin history, its growth. Like the first pizza trade is a truly milestone for Bitcoin adoption growth and Bitcoin community.

Laszlo and trades for pizzas
https://bitcoinmagazine.com/culture/the-man-behind-bitcoin-pizza-day-is-more-than-a-meme-hes-a-mining-pioneer

theymos
16 years ago Theymos sold 160btc at $0.003 per 1, lowest price ever recorded.

Reddit thread
https://www.reddit.com/r/Bitcoin/comments/su7jld/mining_250_bitcoin_with_1_computer_12_years_ago/

Yup!!! there’s a lot of pioneer investors in bitcoin here who sold their Bitcoin as early as they had it because they didnt have any idea what would happen in the future, Seems like they didn't also expect the spike of btc value today. Maybe they do have regrets because they lost the opportunity to gain a much higher value in the present than in the past, but I think some of them have a different ways of how they reinvested their money...Maybe they sold their btc early, then invested more in any crypto coins afterward. we can’t say what really happened, only they can tell...but one thing I know for sure, that they learned a lot.

[bitLeap]

If you look at today's exchange rate it is clear he is sorry but at that time I am sure he considered the sale of thousands of bitcoins as a profit. However, when it comes to regrets from selling bitcoin too early, there is no end to them. And now the benchmark of selling too early is no longer valid, no matter how much bitcoin you buy and sell, the facts are different.

[Zlantann]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early. And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price. Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned. But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin. I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price. And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

(Source)

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

He sold the coin too early and didn't make any tangible profit. The cost price of the 1700 Bitcoin was $0.06, and he sold at $0.30; what a waste. From his comments, he might have sold when the price got to $8. I don't always blame them because it was unusual to believe in a currency that was strange. Many would have thought that Bitcoin would become worthless, so they took profit immediately after Bitcoin gained some value.

This post might also be historical after some years. We might look back and remember that Bitcoin was 64,978 today because it might get to hundreds of dollars in the future. No need to regret the past because there are still opportunities to accumulate Bitcoin. It might be expensive now, but DCA strategy will be helpful. 

[bitmover]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early. And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price. Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned. But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin. I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price. And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

(Source)

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

Old times, which won`t come back.

Don't delude yourself. Bitcoin already skyrocketed, most the gains are already behind.

You might make 50-200% over the next 5 years, and also -30% in a year.... there isn`t a 10x possibility anytime soon.

[KiaKia]

Since you are a hero member OP, there is no way you haven't come across this picture on here before, there is no way unless this account is sold to someone else, this thread should be locked sooner or else it's going to filled with unimportant discussion.

Since I have been on this forum we have talked about this picture like three times, the thread was locked later on or something I guess, I'm wondering why you make a new post out of it again.

You are human, that alone should be the reason why you should sell your Bitcoin, time it because you don't have infinite life, there is expired date for everything, people who have lost their Bitcoin through Cold card would believe that they make huge mistake holding all this while.

Spend, you make money and plan for investment to live a good life, spend your Bitcoin, keep some and repeat again, this is the only way to not end up wasting all your effort for nothing.

[Awaklara]

Who would have thought back then that the price of Bitcoin would rise as high as it is now? But in the current situation, people who hold Bitcoin should probably be more aware of keeping their Bitcoin long-term. The market has shown how we can make profits from Bitcoin. It's just that everything depends on our patience to wait for the right moment to sell.

[Moreno233]

The post shows that he did not plan to hold for long because he is expressing regrets for selling at $0.3 and not wait till it got to $8. If he had believed in Bitcoin, he would have held some of those 1,700BTC, lets say held 50% and wait to see where Bitcoin gets to. Imagine holding even 10% of those coins till now, that would have made him a millionaire. This is why I strongly recommend people holding some of their coins and never running out of Bitcoin.

[BlackBoss_]

Old times, which won`t come back.

Don't delude yourself. Bitcoin already skyrocketed, most the gains are already behind.

You might make 50-200% over the next 5 years, and also -30% in a year.... there isn`t a 10x possibility anytime soon.

With time, Bitcoin has become stronger, has gotten bigger market cap but consequently its cyclical ROIs have become smaller. It's very normal with any asset from stocks to cryptocurrencies, so Bitcoin will still be a good investment asset but with smaller annual and cyclical ROIs in years in the future.

Bitcoin will still be a better asset for cryptocurrency investors than altcoins because Bitcoin will not die or have very small probability and risk to die while altcoins have very high risk for their project deaths. Bitcoin has always made new all time highs in each new market cycle so far while there are very limited altcoins could do that.

In future cycles, there will be more time needed for Bitcoin to double its price.
https://casebitcoin.com/charts#doubling_time

[Text]

I think if you have the good reason to sell your Bitcoin, then there is no way to feel regret about it. 2 years ago, this is based from my own experience, I just want to share first time here, I have to sell my holdings when my set target profits or target all time high price has been reached, I think it was early  or somewhere 1st quarter of 2024 if I'm not mistaken. The equivalent of Bitcoin I sold equivalent to USD is aroudn 3K, aroound 200,000 Philippines Pesos. That's one of my lucky moments with Bitcoin, I've spent that money to start building our own house. I aslo didn't feel any regrets when I saw the price keeps increasing after selling.

[m2017]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early.

It looks like you're a bit late with this tweet (back then, Twitter was actually called Twitter). This story has already been discussed many times.

And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price.

Of course, because that was in 2011.
 

Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned.

By now, anyone who held bitcoins in the early stages (knowing the current price) would love to have kept them.

But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin.

That missed $8 price isn't the only thing he’s had to regret all these years.

I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price.

But regrets won't bring anything back.

And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

Links wouldn't go amiss here (for the sake of a complete story).

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

To me (and, I imagine, to many here), the idea of ​​selling bitcoin at a low price is utter foolishness. No one in their right mind and facing no financial pressure would do that voluntarily. It is newcomers who need to be convinced of bitcoin's profitability. I have been observing what is happening with bitcoin for quite some time, so for me, no further convincing is needed. The facts I have seen are enough, and it can be summed up in one brief phrase: bitcoin is profitable (with the degree of profitability depending on the holder's patience).

[boyptc]

Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

I won't sell at a low price but what price is that low? I guess for those who have bought on the earlier days, they're already in profit and whatever price they sell now, they're still in profit.

But I think each of us starts to have that price target that we are waiting for. We've seen that $100k+ has been there.

Might as well wait for maybe a 2x or 3x or even more before selling if it's really needed. Otherwise, this is the retirement savings of those who have decided hold it for so long and only will sell if needed some cash.

[Joy_learns_crypto]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early. And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price. Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned. But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin. I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price. And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

(Source)

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

This is a regular reason why people advice not to sell your bitcoin too early, and the reason is that you will rue that decision for too long you may not heal from it.
If I had listened or sympathize with this people I don’t do that anymore because they would have not kept the bitcoin they sold for anything in the world.
Dont sell your bitcoin and if you do then the regret does not matter.

[Rruchi man]

There was a tweet from a Twitter user who regretted selling his Bitcoin too early. And perhaps he is one of the Bitcoin OG’s who once traded Bitcoin at a very low price. Greg Schoen is someone who has said that he wishes he still held onto the several thousand Bitcoin he once owned. But he can only lament his mistake for selling them too soon, where at the time he regretted selling his Bitcoin at $0.30. And he regretted it because Bitcoin subsequently rose to $8 per coin. I personally think he still feels regret today considering that Bitcoin now commands a truly fantastic price. And it seems he still can’t let it go given that he was still tweeting about it in 2022 even though he had turned that old tweet into an NFT sale by then.

(Source)

The halving cycle is still a long way off. And around each halving period Bitcoin offers the potential for profit because Bitcoin is becoming increasingly scarce and even demand for it is increasing across various sectors. Just because Bitcoin’s price has dropped slightly doesn’t mean you should sell it right away. You just need to be patient so you won’t regret it later. If you manage to hold out for a long time then you’ll reap the rewards of your patience all this time. Do you still think you’ll sell your Bitcoin at a low price? And aren’t you convinced that Bitcoin’s price will be very profitable for you? Please share your thoughts as well.

There are holders who had the intention to hold for as long as they could, but they fell under the pressure of some life situations that they did not plan for and were forced to sell out their investment to address the challenge. This set of people will not be full of regrets when they think back to selling their bitcoins; they will have the mixed feeling of some gratefulness that they had something to sort their problems with, and their only regret being that they did not make enough plans to have some emergency funds set aside, aside from their investments. 

To avoid being the candidates that have mixed feelings after selling out their Bitcoin to address an emergency situation, you have to plan for emergency situations even before emergency situations come forward. That is, as you are dollar-cost averaging into your investments in Bitcoin or accumulating Bitcoin through any other strategy, you have to also plan to keep a percentage of your income as well for emergencies just so that your investment is safe and not tampered with should any emergency happen.

The people who deserve regrets are those who sold their Bitcoin off for no reason at all but just because they had weak hands.

[Aanuoluwatofunmi]

One thing I will always appreciate about Bitcoin is that it has long-term benefits for investors who are willing to hold, as it keeps appreciating over time. Bitcoin is not comparable to other assets that remain at a spot; instead it value increases with respect to time once we hold it, and the longer we do this, the better it becomes for us. Those who sold earlier have always regretted making such a decision because they couldn't afford to wait longer by holding.

[Rockstarguy]

It is very unfortunate that many early investors sold their bitcoin very cheaply because of a lack of patience and understanding of where the price of Bitcoin is heading. I understand the mistake of these early investors. For those of us who joined Bitcoin late, we have seen the price of Bitcoin increase and how valuable Bitcoin is. We have no excuse for why we are not able to hodl Bitcoin because we have seen a lot of bear markets, which makes it clear that if the bitcoin price falls, it will definitely increase. Yet, people still panic when the price of Bitcoin falls, which often leads to the wrong decision to sell their bitcoin. It really pays to hodl Bitcoin, and investors need to try their best to understand the volatility of the market and not be threatened by it.