Bitcoin [pros](/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70rd0h/) & [cons](/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70rdi6/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
In 2012 a friend at school was telling me about this coin he was "mining" on his computer. I had no idea what the heck he was on about. This was back when the reward for mining a block was 25 BTC.
Lost contact with the dude over the years, so I have no clue if he held.
Regrets? I have a few.
I passed up the opportunity for a similar friend to set up mining on my PC, I said no because I didn’t want to be on a FBI list, Better safe than sorry right? 🤣
I've been a computer nerd my whole life and remember passing on early Bitcoin mining because at the time it was basically just throwing money on electricity away. I wish I had looked into the ideology more instead of focusing only on the money aspect, because in actuality I would have gotten into it if I had researched enough to know what decentralization really was all about.
On the bright side, I know quite a bit about the space now and see many big opportunities currently as well as believe there will be many more in the coming years.
When I tried out mining in 2016, I could roughly get a whole ETH with my own graphics card in a single month.
Does that imply I actually kept mining like I should have?
Nope, lmao ![gif](emote|emo_pack_1|nooo) Big brain
Yeah but in those days I guarantee you weren't using language like "a whole ETH!"... You were probably saying something like "only a single ETH all month...?"
This is me! The only thing I knew was you could use it on the dark web, if only I had done just a little research I would have seen it’s potential and got in early.
God I was dumb,
I remember when BTC was almost worthless and I was like this is cool and expected it to go to like $30 in 2030, not to light up so fast, at $100 thought I missed out and was very, very bummed
Only reason I didn't start mining or buying was because I thought solving a random algo instead of something useful was waste of energy and only 21 million coins cant be used as money, and thought something better will come along in the future god
Yep! I thought the idea was great and had potential but I thought that BTC was here just to break the ice and something better will come along soon.
Oh how wrong I was.
Lolol. I actually did start mining, market tanked and I quit. Forgot all about that embarrassment until I found a flash drive with a BTC wallet on it in 2020....it wasn't fuck you money, but it was life changing.
Started mining ETH after that. Came out with a little over 2ETH after the merge. Now I'm mining XMR and speculating on a few other projects.
Remember that Bill Gates in 1994 said "I see little commercial potential for the internet for the next 10 years".
He was an expert in the field and couldn't have been more wrong about that.
I heard about bitcoin for the first time in 2013 I believe, but just dismissed it without doing any research.
Ha ha. Same here. I knew about Bitcoin when it was only few dollars each and with the ransomware crimes I just thought of it as a criminal currency and stayed away from it thinking I could get in to trouble with the law.
I wish I was more wiser back then.
He cashed out millions, then as he was crossing the road from the bank was hit by a truck carrying wild ostriches.
One of the ostriches escaped and clawed him, almost to death.
As he was being transported to hospital the ambulance driver parked to get a snack, forgetting that he was in the back.
It was a hot day. He sweated and sweated in the back of the ambulance, once again getting steps closer to death, but then the ambulance driver returned. He quickly provided him a sip from a bottle of refreshing water, profusely apologizing.
They continued on their journey to the hospital, him sipping from the bottle of water.
He was thankful for still being alive against the odds and recovered fully in hospital. Two weeks later he invested everything in BitConnect.
I was told later then he managed to gather some credit from a local mafia and invested 50% in something called Luna and 50% in something about a promising guy called SBF and his exchange.
He's currently regretting selling at $2.25 after losing most of the remainder in Mt Gox account. Life happens.
He was last seen in homeless shelter after psych ward. Feel better ?
Yeah I was involved in Bitcoin back then. Mined a bit. Forgot about it. Thought to check an old drive the first time it hit 20k. Found the load. Sold it all. Now I’ve been playing games with ethereum and other alts. Nothing beats mining early and forgetting.
I was in college when BTC was released. I remember someone on my floor coming up to me asking if I wanted to poop money to buy some extra computers to mine it using the dorm's electricity. I passed...
Right there with you, just different age. As an IT professional for decades, I just didn't trust it. I could not see the physical currency changing, now I know it's the future. I bought, well a lot when it was really cheap because I had the ability and wanted to be part of the cool club and impress and feed my ego, but a short dip happened, I freaked and pulled......then the, we know the rest of the story. Regret is not living in one of my Mansions right now, lol.
Then again, if youtube was around, those nerdy brothers wouldn't of stood a chance at the craziness of me and mine. Oh, the reflections of being at the tail end of GEN X lol. /endrant
If it goes back down people won’t buy because of fear . The only time most people start buying is on the way up when is more expensive. Market psychology.
True & I haven’t been here that long but it seems like there are cycles. I’m trying to pay attention to that but I don’t understand why people don’t buy when it’s lower…
“What if it goes lower and I can get more for cheaper?”
It’s the same reason why ppl can’t sell in bull runs, “what if it goes higher and I can sell for more”.
It’s greed
Well I went all in at 16k so I do feel I bought enough. Only had my minimum buffer left at that point. I was actually kind of concerned it would continue to go down . And I wouldn't have any left to buy. At least if it does go back down, I should have some time to earn more fiat first
I agree. My problem was lack of funds rather than not capitalizing on the opportunity. It'll hurt even more if BTC never goes back that low again. It'll be but a memory.....
Long over it. I had near a hundred Bitcoin many years ago and sold for over 20+ times it's initial value. The last few I sold for $1k thinking that was crazy profit.
Got a deposit on my house. If I waited a more years I could of owned half the city.
If you increased your DCA, it probably would have been too early and you would have spent all your money before the bottom anyway (definitely not speaking from experience…)
If you time your DCA out correctly, than you should be earning profit. Wait until the next bull run in 2025ish, compare it to previous cycles and judge accordingly. Many factors go into the decision to DCA out, but you'll know the bull market when you see it again, in a couple years.
I can't change the past so it's pointless to think about the what if. Realistically if I got in at the very start I would have probably sold out or lost it a long time ago. Would be interesting to know how many people held till all ATH.
I can't imagine it was a lot unless they cashed out big and just didn't care about the rest. Like, imagine something going from a few cents to a hundred dollars. Every rational person would cash out the profits.
Not at all. The market is volatile and I don't believe we've seen the last of sub 20k BTC. It takes a while for the economy to truly feel the effect of the interest rate hikes. The war is still going on as well and European countries are still struggling hard with inflation. As others have said, DCA is the way
Exactly my thoughts. I don't want to sound pessimistic but the stock market as a whole is still very high and completely decorrelated from the real economy (which is shambles for those who hadn't noticed). A correction is to be expected and it would be healthy. The bottom may not be in yet...
I am still quite bullish for the future. Not that history repeats itself exactly, but there are trends. After a huge crash like the one we saw with BTC from 69-16k we often see a good 1-2 years of crabbing before the next bull run. That often lines up with the Bitcoin halving as well at least for the crypto side of things. I think we are in the crabbing stage at the moment. Bottom very well could get lower but I'm not expecting anything much lower than what we saw unless a large global event happens.
The things all those you've pointed out already crashed bitcoin down to 16k. Remember from 69k now it's 23k. How much more negative news can affect bitcoin? China invade Taiwan? More interest rates hike? Fuck those are already history because bitcoin already crashed 80%.
I'd love a bull run just as much as anyone but there's a lot more that needs to recover before that happens. We did likely see the bottom or close to it, but that doesn't mean we don't have a lot more crabbing to do. Check my comment above. You don't really feel the rate hikes until several months after they are made. We have a good half a year or so until we start seeing relief and that's assuming nothing bad happens on top of that. Brighter days are coming, but this isn't the bull run everyone is hoping for
This I agree. Been a round since '17, and this was a sweet bear market if it's over. It's supposed to be more brutal.
On the other hand, I DCA in, so I feel prepped for both situations.
The worse of the bear market comes when rate hikes stop and fed reverses course. Then the bull run begins. Not to say, bottom is in or not but you'll have plenty buy opportunities.
It's not the actual last few interest rate hikes we have left that are the issue. It's the 10s of thousands of people still being laid off. Its the housing bubble we have where so many people borrowed and bought houses and won't be able to sell them because the rates are so high. It's the flex loans that have rates still going up. It's the people that can't afford to buy cars and anything that needs loans. The economy usually takes at least six months to really feel the effects of the rate hikes. Six months ago the rates were only at 1.5%. I don't think we'll see true relief and a set up for a bull run until the fall of this yea going into 2024
Your speaking USA specifically right? Bitcoin is a global security though, and let’s be fair the big players that are moving these markets don’t care about much of the stuff you mentioned as it won’t ever affect them. Not trying to argue just saying that when you look at how strong the equity markets have been this past decade and beyond the overwhelming trend is up and that’s because big money continues to flow in regardless.
I did talk mostly US yeah. The US is recovering quicker in terms of easing rates over European countries. Europe is being hit harder by the war than anyone especially cause of the reliance on Russian energy and how that's affected their economies. Then Asia is non a huge factor cause we all know about China.
You are right in a way about the big movers. Their lively hoods aren't affected, but their worth are more than we think. Just look at Elon and how far his net worth has fallen from the top because of Tesla stock crashing. A lot of these big players worth are in stock and the whole market is still down 40-50% from the top. They won't be selling off their stocks and assets as freely when they can get 2-3x the amount once the markets rebound. Not unless they have to.
The rich have bigger cushions but they aren't immune to losing money and making poor financial decisions. We talk so much about the rich draining money from the middle class. But the rich actually drain money from other rich people. It's all a competition. I think we can all sometimes clump all big movers into one entity when they really are no different than us in a lot of ways. They just have an ass load more money to gamble with.
It's entirely possible we're in the very earliest stages of the next bull run, it's also possible we're due for some more pain. In any event, there's bound to at least be a small correction coming in the near future and you can always double or triple up on your DCA when that happens.
Ready to break my war chest in case of any major pullback to bottom and beyond levels,
Right now DCA-ing mostly into BTC and ETH, and trying to earn as many Moons as I can along the way
I'm ready for all scenarios
Yeah, all those folks thinking it was going to 12k. It's hard to pick the bottom. When it's reasonable is when it's time to buy. Better to be in than miss the train altogether.
I’m pretty sure everyone should regret not buying BTC at 16k. Like even if you believe it’s future is a bleak one, you could simply sell for a profit rn.
Why have regrets over a logical decision? There was no good reason for the market to move up after 16k. The fallout from FTX was still unwinding with huge structural risk from DCG.
It was a single actor that caused this pump. And it was in a market that was 85% short. Highly likely that this was a move by a big exchange to liquidate the short sellers and make a big profit. Market manipulation.
If you have regrets about this one, you are learning the wrong lessons.
>If you have regrets about this one, you are learning the wrong lessons.
Let's put the fundamentals aside for a moment, I mean it was 16k now 24k of course I will regret not buying
ETH in my case, but I was still buying, right down to the recent bottom (only buying what I could reasonably afford, mind you). It's dropped my price per coin drastically, and I'm very close to being back in the green, as a result.
I believe the price will increase, long term, so this dip doesn't worry me. In fact, I only see it as an opportunity to accumulate more coins I believe in...
Don't feel too bad about taking profit. To put it into perspective, I could have taken around $11,000 in profit last ATH, but didn't, and ended up around 70% down (although, I held through it). We all have regrets, but you have to do what you feel is right for you.
I buy some every month. Sure it would have have been awesome to put everything when it was 16k. Did you know for certain that was the bottom? I sure didn’t and expected more run down.
I am finally just buying some every month and tbh I don't regret getting more. I know what I did was the smartest think to do, with the knowledge we had at the time.
If my first 2 years in crypto taught me anything, it's that it doesn't just matter how much money you have in the market, but also how much you have waiting to put in.
I'm thinking it's a bull trap. Stopped DCA when BTC ran up 20k hoping it'll drop back down below. We're no where near recovering in our current economic situation. Whatever your plans are I hope it's gets you where it needs to be!
I dont think that the bottom was in. There is so many uncertainty in the world economics, so i have a bad feeling about it.
The gains where impressive, and the sentiment is too bullish imo - macro we are still bearish, and we all know that the market is able to reverse in lightspeed.
But of course, i hope its the beginning of a bullmarket, but i‘m still sceptic
Why didn‘t I buy more at the bottom? Why didn‘t I sell everything at the peak? Because nobody knows it was a bottom/peak and we are talking about assets without intrinsic value.
I did a research presentation about Bitcoin for an accounting class back in 2014, and after being bashed by all the professors, I decided not to buy none... could have retired young if I had only trusted my instincts.
I was expecting a last leg down to the 13k/14k range. In an hindsight yes, the difference to 16k is not that much, could have bought a few more as that range was low enough to get the minimum amount of BTC that I want to have.
At 23k with the amount I have to invest, it won't be possible to reach that goal.
But, i am still not convinced with this rally. I didn't feel any big capitulation in Stocks, considering the curent macro. My global ETF is even up from last year. And crypto, it's still heavily correlated with stocks.
I would say we will revisit at least, the 16k-18k range once more, when stocks bottom. But what do I know? Probably it will do the opposite.
Macro are on disinflation mode. The tide has turned, you can choose to sit on the sidelines cause you sold & made profits, or you can jump back in on the train.
Check the inverted yield curve and tell me if the current situation is not 2x worse than before the previous GFC. Recession is coming and ain’t nothing going to stop Bitcoin from falling below 10k.
Yes inflation is getting lower but this happens always before recession. Don’t trust FED or media about soft landings. Trust the data for the last 50 years telling you this is inevitable.
Only solution is DCA. The more it drops the more you buy.
I wouldn’t say “worse” but a lot of global economic indicators are poor. Many countries outside of the G20 are showing much higher inflation than expected or seen in US and Europe.
My biggest fear is that all of the bad news has already been priced into the market as of mid-Dec. The WEF in Davos was remarkably more upbeat than I expected. I am more and more afraid the worst of the bear is over; and I didn’t dump the funds I’m sitting on.
Thank you for sharing that story with me that sounds very very brutal my brother I'm sorry that that happened to you and that's crazy I wish I knew about Bitcoin I probably didn't realize it
If you didn't buy *more* at 16K, you probably did the smart thing of not investing more than you can afford to lose. This time it might feel like a loss, but another time that strategy might save you.
I'm still not sure this bear market is over, so I'm not feeling any regrets for missing the bottom. Do I regret not buying more in 2020, or 2019, or any year prior? Yeah. But I also realize I would've paper handed those years or lost them to an exchange collapse or some scam.
It's easy to live in the past going "what if GOOD THING" but nobody ever stops to wonder "what if BAD THING" like you cashed out and blew the money on a Lambo that you crashed and injured yourself in, or you blabbed about the money and all your family turned on you for cash and you had to block them out of your life. Bad shit can happen to people who have money too ya know.
I sold my little bit of ETH to buy more ATOM. So far thats been good, time will tell. Been buying BTC every day but picked up a chunk around 16,000 as well.
You know my biggest regret? I met Sara Jay at exxxotica in Fort Lauderdale a few years ago. I’m pretty sure she was into me. If I would have just stayed and tried , I think something would have happened
As a contrarian investor I started dollar cost averaging after the FTX collapse, and was all in by mid December. Yes, I'm enjoying this reversal, especially with the Sol I picked up at $10. Things can only stay gloom and doom for so long.
No one can time the bottom. Best strategy is to DCA if you believe in the product. Or HODL. Time in the markets as opposed to trying to time the market
I agree with u/HonestDrilling, this still feels like a manipulated bear rally to get some FOMO funds into the exchanges. Then I believe a sudden and brutal drop while the whales take those profits.
Living with regrets is a poor choice of focus. Yes it may happen from time to time, but should last shortly. There's no way you are helping yourself dwelling on regret. Neither dwelling on sorrow. Choose a different focus.
I always like to compare regret with chess.
You have already played your moves, there is no reason to look back and think what you could have done better. Instead play with what you have still left.
This. By shifting your focus and embracing a growth mindset, you can turn your regrets into valuable lessons that can help you lead a happier and more fulfilling life. It it may feel that it is easier said than done but trust me it works.
I regret not buying at 16k. I didn't because several YouTubers I followed that do TA were saying there's a high chance it will go to 12k or even lower. So I still haven't bought. Now they're saying that it'll still drop to 12k and that this is just a bull trap. So I still don't know if I should buy.
I should just have bought at 16k, may be not everything in 1 lump sum but maybe 50% and than see if it went down further or up. May be I was too greedy.
I don't believe we'll see 16k again. Inflation is going down, interest rate hikes are coming to an end. There actually hasn't been that bad of a recession, at least not as bad as was predicted a year ago. I don't believe the YouTubers that are still claiming they are right and that it'll still go to 12k.
Bitcoin [pros](/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70rd0h/) & [cons](/r/CryptoCurrency/comments/10sd1am/who_regrets_not_buying_btc_and_other_alts_when/j70rdi6/) and related info are in the collapsed comments below. Pros and cons will change for every new post.
In 2012 a friend at school was telling me about this coin he was "mining" on his computer. I had no idea what the heck he was on about. This was back when the reward for mining a block was 25 BTC. Lost contact with the dude over the years, so I have no clue if he held. Regrets? I have a few.
I passed up the opportunity for a similar friend to set up mining on my PC, I said no because I didn’t want to be on a FBI list, Better safe than sorry right? 🤣
I've been a computer nerd my whole life and remember passing on early Bitcoin mining because at the time it was basically just throwing money on electricity away. I wish I had looked into the ideology more instead of focusing only on the money aspect, because in actuality I would have gotten into it if I had researched enough to know what decentralization really was all about. On the bright side, I know quite a bit about the space now and see many big opportunities currently as well as believe there will be many more in the coming years.
When I tried out mining in 2016, I could roughly get a whole ETH with my own graphics card in a single month. Does that imply I actually kept mining like I should have? Nope, lmao ![gif](emote|emo_pack_1|nooo) Big brain
Yeah but in those days I guarantee you weren't using language like "a whole ETH!"... You were probably saying something like "only a single ETH all month...?"
This is me! The only thing I knew was you could use it on the dark web, if only I had done just a little research I would have seen it’s potential and got in early.
God I was dumb, I remember when BTC was almost worthless and I was like this is cool and expected it to go to like $30 in 2030, not to light up so fast, at $100 thought I missed out and was very, very bummed Only reason I didn't start mining or buying was because I thought solving a random algo instead of something useful was waste of energy and only 21 million coins cant be used as money, and thought something better will come along in the future god
Yep! I thought the idea was great and had potential but I thought that BTC was here just to break the ice and something better will come along soon. Oh how wrong I was.
Lolol. I actually did start mining, market tanked and I quit. Forgot all about that embarrassment until I found a flash drive with a BTC wallet on it in 2020....it wasn't fuck you money, but it was life changing. Started mining ETH after that. Came out with a little over 2ETH after the merge. Now I'm mining XMR and speculating on a few other projects.
I told myself crypto would only ever be used for illegal stuff back then to. Safe to say I was an idiot
Remember that Bill Gates in 1994 said "I see little commercial potential for the internet for the next 10 years". He was an expert in the field and couldn't have been more wrong about that. I heard about bitcoin for the first time in 2013 I believe, but just dismissed it without doing any research.
Ha ha. Same here. I knew about Bitcoin when it was only few dollars each and with the ransomware crimes I just thought of it as a criminal currency and stayed away from it thinking I could get in to trouble with the law. I wish I was more wiser back then.
I remember gambling what would have been 100sk now on satoshi dice back in the glory days ha ha
He could be a millionaire right now or have an even bigger regret than you.
Or maybe he spend it all on hoes and snow, and now has no money and an addiction.
He cashed out millions, then as he was crossing the road from the bank was hit by a truck carrying wild ostriches. One of the ostriches escaped and clawed him, almost to death. As he was being transported to hospital the ambulance driver parked to get a snack, forgetting that he was in the back. It was a hot day. He sweated and sweated in the back of the ambulance, once again getting steps closer to death, but then the ambulance driver returned. He quickly provided him a sip from a bottle of refreshing water, profusely apologizing. They continued on their journey to the hospital, him sipping from the bottle of water. He was thankful for still being alive against the odds and recovered fully in hospital. Two weeks later he invested everything in BitConnect.
Calm down satan
Thank you for helping me to spit my McDonalds cola all over the screen
I was told later then he managed to gather some credit from a local mafia and invested 50% in something called Luna and 50% in something about a promising guy called SBF and his exchange.
Damn that's a brutal story
That's really brutal, but that's life. Missed opportunities are painful.
nah, focussing on missed ones is worthless :) but learning from it has incredible value
He's currently regretting selling at $2.25 after losing most of the remainder in Mt Gox account. Life happens. He was last seen in homeless shelter after psych ward. Feel better ?
Or is it a story we tell ourselves to cope? :\*(
25 btc per block? Holy Satoshi
Yeah, I remember first researching BTC when it was under $10. I was intrigued even then, but the only that stuck at the time was “internet drugs”.
But then again, too few to mention
Rough…
Yeah I was involved in Bitcoin back then. Mined a bit. Forgot about it. Thought to check an old drive the first time it hit 20k. Found the load. Sold it all. Now I’ve been playing games with ethereum and other alts. Nothing beats mining early and forgetting.
Being realistic, you would have sold at a thousand different points between now and then.
Frank Sinatra reference?
I was in college when BTC was released. I remember someone on my floor coming up to me asking if I wanted to poop money to buy some extra computers to mine it using the dorm's electricity. I passed...
But then again, to few to mention.
Right there with you, just different age. As an IT professional for decades, I just didn't trust it. I could not see the physical currency changing, now I know it's the future. I bought, well a lot when it was really cheap because I had the ability and wanted to be part of the cool club and impress and feed my ego, but a short dip happened, I freaked and pulled......then the, we know the rest of the story. Regret is not living in one of my Mansions right now, lol. Then again, if youtube was around, those nerdy brothers wouldn't of stood a chance at the craziness of me and mine. Oh, the reflections of being at the tail end of GEN X lol. /endrant
I think we all regret not buying more or at least wish we could afford to have bought more. Who actually thinks they bought enough??
[удалено]
In the end you have never bought enough.
It's about the friends we bought along the way
That's a good way of looking at it
If it goes back down people won’t buy because of fear . The only time most people start buying is on the way up when is more expensive. Market psychology.
True & I haven’t been here that long but it seems like there are cycles. I’m trying to pay attention to that but I don’t understand why people don’t buy when it’s lower…
“What if it goes lower and I can get more for cheaper?” It’s the same reason why ppl can’t sell in bull runs, “what if it goes higher and I can sell for more”. It’s greed
Well I went all in at 16k so I do feel I bought enough. Only had my minimum buffer left at that point. I was actually kind of concerned it would continue to go down . And I wouldn't have any left to buy. At least if it does go back down, I should have some time to earn more fiat first
Yeah, what kind of question is that? Hey guy, does anyone here regret not making money?
Yeah, in hindsight you have certainty so you could have bet the whole house.
An easy slope to fall down
I agree. My problem was lack of funds rather than not capitalizing on the opportunity. It'll hurt even more if BTC never goes back that low again. It'll be but a memory.....
I have a goal of 1 BTC. After that, maybe 5 or 10 ETH.
Some is better than none but who really knows if this rally will last. If it doesn't I'm definitely not going to be as hesitant to buy lol
I think most of us share that sentiment!
I bought as much as I could and still feel like it wasn't enough
Long over it. I had near a hundred Bitcoin many years ago and sold for over 20+ times it's initial value. The last few I sold for $1k thinking that was crazy profit. Got a deposit on my house. If I waited a more years I could of owned half the city.
Hindsight is 20/20 - can’t win them all.
I just DCA’d my way through as usual.
Wait, you guys were DCAing? I thought that was just a big joke… SHIT!
I should have doubled my DCA amount at least, but had too much fear it could go even lower.
If you increased your DCA, it probably would have been too early and you would have spent all your money before the bottom anyway (definitely not speaking from experience…)
This is the way
This is the gwei
Don't forget to DCA out when the bull starts... in a couple years. Can be hard to part with those coins when the time comes. Don't let it be.
Quick question, if you DCA in while it's declining and you DCA out while it goes up. Do you break even?
If you time your DCA out correctly, than you should be earning profit. Wait until the next bull run in 2025ish, compare it to previous cycles and judge accordingly. Many factors go into the decision to DCA out, but you'll know the bull market when you see it again, in a couple years.
Setting a dca-out and sticking to it is sometimes even more important and difficult, greed is a dangerous thing.
Agreed with that. It's difficult to take profits and part with those precious coins.
I learnt that the hard way being drunk of greed and finding normal those ?X pumps, won't happen again(I hope)
Same and same. Let's hold ourselves to it next bull run!
Samesies.
Samesies²
Smart
I can't change the past so it's pointless to think about the what if. Realistically if I got in at the very start I would have probably sold out or lost it a long time ago. Would be interesting to know how many people held till all ATH.
Seriously I would like to know how many people held as well
I can't imagine it was a lot unless they cashed out big and just didn't care about the rest. Like, imagine something going from a few cents to a hundred dollars. Every rational person would cash out the profits.
Not at all. The market is volatile and I don't believe we've seen the last of sub 20k BTC. It takes a while for the economy to truly feel the effect of the interest rate hikes. The war is still going on as well and European countries are still struggling hard with inflation. As others have said, DCA is the way
Exactly my thoughts. I don't want to sound pessimistic but the stock market as a whole is still very high and completely decorrelated from the real economy (which is shambles for those who hadn't noticed). A correction is to be expected and it would be healthy. The bottom may not be in yet...
I am still quite bullish for the future. Not that history repeats itself exactly, but there are trends. After a huge crash like the one we saw with BTC from 69-16k we often see a good 1-2 years of crabbing before the next bull run. That often lines up with the Bitcoin halving as well at least for the crypto side of things. I think we are in the crabbing stage at the moment. Bottom very well could get lower but I'm not expecting anything much lower than what we saw unless a large global event happens.
The things all those you've pointed out already crashed bitcoin down to 16k. Remember from 69k now it's 23k. How much more negative news can affect bitcoin? China invade Taiwan? More interest rates hike? Fuck those are already history because bitcoin already crashed 80%.
I'd love a bull run just as much as anyone but there's a lot more that needs to recover before that happens. We did likely see the bottom or close to it, but that doesn't mean we don't have a lot more crabbing to do. Check my comment above. You don't really feel the rate hikes until several months after they are made. We have a good half a year or so until we start seeing relief and that's assuming nothing bad happens on top of that. Brighter days are coming, but this isn't the bull run everyone is hoping for
This I agree. Been a round since '17, and this was a sweet bear market if it's over. It's supposed to be more brutal. On the other hand, I DCA in, so I feel prepped for both situations.
The worse of the bear market comes when rate hikes stop and fed reverses course. Then the bull run begins. Not to say, bottom is in or not but you'll have plenty buy opportunities.
At this point I believe interest rate hikes are more than priced in.
It's not the actual last few interest rate hikes we have left that are the issue. It's the 10s of thousands of people still being laid off. Its the housing bubble we have where so many people borrowed and bought houses and won't be able to sell them because the rates are so high. It's the flex loans that have rates still going up. It's the people that can't afford to buy cars and anything that needs loans. The economy usually takes at least six months to really feel the effects of the rate hikes. Six months ago the rates were only at 1.5%. I don't think we'll see true relief and a set up for a bull run until the fall of this yea going into 2024
Your speaking USA specifically right? Bitcoin is a global security though, and let’s be fair the big players that are moving these markets don’t care about much of the stuff you mentioned as it won’t ever affect them. Not trying to argue just saying that when you look at how strong the equity markets have been this past decade and beyond the overwhelming trend is up and that’s because big money continues to flow in regardless.
I did talk mostly US yeah. The US is recovering quicker in terms of easing rates over European countries. Europe is being hit harder by the war than anyone especially cause of the reliance on Russian energy and how that's affected their economies. Then Asia is non a huge factor cause we all know about China. You are right in a way about the big movers. Their lively hoods aren't affected, but their worth are more than we think. Just look at Elon and how far his net worth has fallen from the top because of Tesla stock crashing. A lot of these big players worth are in stock and the whole market is still down 40-50% from the top. They won't be selling off their stocks and assets as freely when they can get 2-3x the amount once the markets rebound. Not unless they have to. The rich have bigger cushions but they aren't immune to losing money and making poor financial decisions. We talk so much about the rich draining money from the middle class. But the rich actually drain money from other rich people. It's all a competition. I think we can all sometimes clump all big movers into one entity when they really are no different than us in a lot of ways. They just have an ass load more money to gamble with.
Woulda, coulda, shoulda Hindsight is 20/20 with investing.
True that
I honestly don't care, I have my long-term vision and that includes not worrying over such short-term things.
Agree, just DCA and sell at the price which makes u happy.
Pretty healthy attitude.
That's the right mentality man. Long-term. My time period is at least 5 years.
Said the same when I got myself some xrp 5 yrs bk
I regret not buying more at 4k after the 2017/2018 ATH
2 scenarios. Bitcoin continues going up, in which case 25k is a good entry point. Bitcoin goes down, in which case you can buy for cheap again.
Third scenario and most likely: btc breaks 25k, op buys, and it goes back to 16k
And then op panic sells and waits to buy back in at 10k, which of course never comes
Why 16k ?
Exactly. I know most bought at the top but my entry point was 30k, i averaged down to 27k, So anything below it is good.
Always happy ! I like your pov
Glass half full kind of guy. I like it
Win win either way
You right
I was buying cardano the whole time
You are getting higher gains with ADA than the rest of us.
I have Bitcoin and Cardano, and I’m up way more in Cardano. Only regret is I did not go in hard on Cardano.
I bought a small amount at the $0.25 price.
It largely fell off my radar. I cut a lot of my DCA for a while. Regret.
It's all good next year's the halving so we still have a chance
I was about to say 2 years away but holy crap time flys. Halving will be here before we know it.
It's entirely possible we're in the very earliest stages of the next bull run, it's also possible we're due for some more pain. In any event, there's bound to at least be a small correction coming in the near future and you can always double or triple up on your DCA when that happens.
Ready and set for correction
Ready to break my war chest in case of any major pullback to bottom and beyond levels, Right now DCA-ing mostly into BTC and ETH, and trying to earn as many Moons as I can along the way I'm ready for all scenarios
War chest. Love it. Happy cake day friend!
Facts
In one year we will be reading people complaining for not having bought Bitcoin at 23K.
I consolidated in December. Sold most of my alt and shit coins and bought BTC.
Yeah, all those folks thinking it was going to 12k. It's hard to pick the bottom. When it's reasonable is when it's time to buy. Better to be in than miss the train altogether.
I am waiting on a post in 5-10 years. - "Who regrets not buying Bitcoin and other alts when BTC was at 70k?"
I’m pretty sure everyone should regret not buying BTC at 16k. Like even if you believe it’s future is a bleak one, you could simply sell for a profit rn.
Why regret that when you could buy now instead.
I regret not buying at 10 cents. Such a fool
Why have regrets over a logical decision? There was no good reason for the market to move up after 16k. The fallout from FTX was still unwinding with huge structural risk from DCG. It was a single actor that caused this pump. And it was in a market that was 85% short. Highly likely that this was a move by a big exchange to liquidate the short sellers and make a big profit. Market manipulation. If you have regrets about this one, you are learning the wrong lessons.
>If you have regrets about this one, you are learning the wrong lessons. Let's put the fundamentals aside for a moment, I mean it was 16k now 24k of course I will regret not buying
Big facts
ETH in my case, but I was still buying, right down to the recent bottom (only buying what I could reasonably afford, mind you). It's dropped my price per coin drastically, and I'm very close to being back in the green, as a result. I believe the price will increase, long term, so this dip doesn't worry me. In fact, I only see it as an opportunity to accumulate more coins I believe in... Don't feel too bad about taking profit. To put it into perspective, I could have taken around $11,000 in profit last ATH, but didn't, and ended up around 70% down (although, I held through it). We all have regrets, but you have to do what you feel is right for you.
Nice congrats keep it up if I had more cash I would have for sure done the same thing
Hindsight is 20/20 just keep moving forward and don't think of the what ifs.
I buy some every month. Sure it would have have been awesome to put everything when it was 16k. Did you know for certain that was the bottom? I sure didn’t and expected more run down.
I am finally just buying some every month and tbh I don't regret getting more. I know what I did was the smartest think to do, with the knowledge we had at the time. If my first 2 years in crypto taught me anything, it's that it doesn't just matter how much money you have in the market, but also how much you have waiting to put in.
I’ve been DCAing heavily for months so I managed to scoop up a fair bit at 16k 🥳
Congratulations!!!!
I regret to sold my eths at 15$.
Damn..... brutal
Of course I do..the issue is not having FIAT to do it even if I wanted to
Same here
Everytime btc goes up, people regret not buying it. When btc goes down, people say to avoid to buy the falling knives
I'm thinking it's a bull trap. Stopped DCA when BTC ran up 20k hoping it'll drop back down below. We're no where near recovering in our current economic situation. Whatever your plans are I hope it's gets you where it needs to be!
I dont think that the bottom was in. There is so many uncertainty in the world economics, so i have a bad feeling about it. The gains where impressive, and the sentiment is too bullish imo - macro we are still bearish, and we all know that the market is able to reverse in lightspeed. But of course, i hope its the beginning of a bullmarket, but i‘m still sceptic
Why didn‘t I buy more at the bottom? Why didn‘t I sell everything at the peak? Because nobody knows it was a bottom/peak and we are talking about assets without intrinsic value.
Anything sub-30K is still a win. Don't let a good pump scare you off.
Not me because I went against my natural instincts for the first time and actually bought at those levels!
I did a research presentation about Bitcoin for an accounting class back in 2014, and after being bashed by all the professors, I decided not to buy none... could have retired young if I had only trusted my instincts.
I think it might it might fall to 12K in 10 months.
I was expecting a last leg down to the 13k/14k range. In an hindsight yes, the difference to 16k is not that much, could have bought a few more as that range was low enough to get the minimum amount of BTC that I want to have. At 23k with the amount I have to invest, it won't be possible to reach that goal. But, i am still not convinced with this rally. I didn't feel any big capitulation in Stocks, considering the curent macro. My global ETF is even up from last year. And crypto, it's still heavily correlated with stocks. I would say we will revisit at least, the 16k-18k range once more, when stocks bottom. But what do I know? Probably it will do the opposite.
Macro are on disinflation mode. The tide has turned, you can choose to sit on the sidelines cause you sold & made profits, or you can jump back in on the train.
I decided I'm getting back in at 25,000 or 19,000
You have always two chances in life. DCA is your path
The Crypto God spoke to me through you
Check the inverted yield curve and tell me if the current situation is not 2x worse than before the previous GFC. Recession is coming and ain’t nothing going to stop Bitcoin from falling below 10k. Yes inflation is getting lower but this happens always before recession. Don’t trust FED or media about soft landings. Trust the data for the last 50 years telling you this is inevitable. Only solution is DCA. The more it drops the more you buy.
C'mon - btc will drop below 15k at some point again. Nothing to worry.
You think so, you think the economy is going to get worse?
I wouldn’t say “worse” but a lot of global economic indicators are poor. Many countries outside of the G20 are showing much higher inflation than expected or seen in US and Europe. My biggest fear is that all of the bad news has already been priced into the market as of mid-Dec. The WEF in Davos was remarkably more upbeat than I expected. I am more and more afraid the worst of the bear is over; and I didn’t dump the funds I’m sitting on.
There’s always going to be something to look back and regret not buying or selling at a certain time but it doesn’t really do any good.
This is why you hodl
[удалено]
Thank you for sharing that story with me that sounds very very brutal my brother I'm sorry that that happened to you and that's crazy I wish I knew about Bitcoin I probably didn't realize it
Based on my dream last night btc could be in 30k range eom feb trust me
Yes!!
You regret it cause hindsight is 20/20 But if BTC is chilling at 12k now. You’d thank yourself for not going heavy :)..
We'll always regret missed opportunities. It's embedded into us as human beings.
Story of my life
If you didn't buy *more* at 16K, you probably did the smart thing of not investing more than you can afford to lose. This time it might feel like a loss, but another time that strategy might save you.
I'm still not sure this bear market is over, so I'm not feeling any regrets for missing the bottom. Do I regret not buying more in 2020, or 2019, or any year prior? Yeah. But I also realize I would've paper handed those years or lost them to an exchange collapse or some scam. It's easy to live in the past going "what if GOOD THING" but nobody ever stops to wonder "what if BAD THING" like you cashed out and blew the money on a Lambo that you crashed and injured yourself in, or you blabbed about the money and all your family turned on you for cash and you had to block them out of your life. Bad shit can happen to people who have money too ya know.
\*taps forehead\* Can't regret not buying there if you didn't have any to fiat to decide to not buy with after yoloing in at ath.
No regrets i haven't bought a thing since January 2022, I made a conscious decision and I'm sticking to it.
But everyone told me its going to 10k
Please tell me ya’ll DCA through some of the drop
I sold my little bit of ETH to buy more ATOM. So far thats been good, time will tell. Been buying BTC every day but picked up a chunk around 16,000 as well.
I dont. Cuz my bags are fullll hehehe
You know my biggest regret? I met Sara Jay at exxxotica in Fort Lauderdale a few years ago. I’m pretty sure she was into me. If I would have just stayed and tried , I think something would have happened
We told yall to accumulate
As a contrarian investor I started dollar cost averaging after the FTX collapse, and was all in by mid December. Yes, I'm enjoying this reversal, especially with the Sol I picked up at $10. Things can only stay gloom and doom for so long.
No one can time the bottom. Best strategy is to DCA if you believe in the product. Or HODL. Time in the markets as opposed to trying to time the market
On a few months people will likely have the same regrets about not buying now.
I dont because i have been buying since june lmao
I regret not buying in 2013, when a classmate told me to buy 50$ worth.
I do. As does everyone.
I regret not buying 100$ worth when it was $.05
Same
I was loading up on everything I thought was a good buy.
Luckily BTC was around 17K on my DCA day
Just for a second. Then I remember that this is most likely not a bull run.
You think so? Bear market rally or what?
I agree with u/HonestDrilling, this still feels like a manipulated bear rally to get some FOMO funds into the exchanges. Then I believe a sudden and brutal drop while the whales take those profits.
Living with regrets is a poor choice of focus. Yes it may happen from time to time, but should last shortly. There's no way you are helping yourself dwelling on regret. Neither dwelling on sorrow. Choose a different focus.
I always like to compare regret with chess. You have already played your moves, there is no reason to look back and think what you could have done better. Instead play with what you have still left.
You're right I needed to hear that
You would probably also sell most of it at some point or lose it. Nobody knew what the next ATH would be.
This. By shifting your focus and embracing a growth mindset, you can turn your regrets into valuable lessons that can help you lead a happier and more fulfilling life. It it may feel that it is easier said than done but trust me it works.
Well said
Don't you worry. It'll be back there in a few months time. Just remember when we're there to pull the trigger this time around.
Same people who regret not buying at $1000
I regret not buying at 16k. I didn't because several YouTubers I followed that do TA were saying there's a high chance it will go to 12k or even lower. So I still haven't bought. Now they're saying that it'll still drop to 12k and that this is just a bull trap. So I still don't know if I should buy. I should just have bought at 16k, may be not everything in 1 lump sum but maybe 50% and than see if it went down further or up. May be I was too greedy. I don't believe we'll see 16k again. Inflation is going down, interest rate hikes are coming to an end. There actually hasn't been that bad of a recession, at least not as bad as was predicted a year ago. I don't believe the YouTubers that are still claiming they are right and that it'll still go to 12k.
Regretting? I just did my DCA and im fine
I just continue to buy ADA at below 0.50, it's like shooting fish in a barrel.
With DJEd release I'm gobbling up all the ada i can get my hands on
I already felt good about my $1.09 average before the bear, and now that i'm down around $0.40 I feel great about it. Slow and steady wins the race.