One can't ignore the price of BTC right now, but that leave a sad thought for many people who have been trading BTC over the past few years. So here is the question, how do you deal with the regret of not holding on?
Here is my little story:
Today I woke up and looked at the price. I thought I was dreaming, after taking a shower I knew I was not dreaming as the price shot up an extra R1000 (about $75). I then went into my luno account and had a look at all the previous transfers and sales I had done. The sad part was that I was selling BTC at about R9000 ( about $700) per BTC and I had transacted 12 BTC all together and gotten just over R100 000 for it.
If I never took that through my account I could of had over R1 000 000, it is enough of a difference to want to shoot yourself right? So now where do I find peace with myself for what has happened.
Some people say that you never knew therefore you should not worry or have regrets about it. But this simply is not enough to get rid of the feeling of regret.
After much thought I came to ask myself what was that money spent one? This is where I found my peace, it was a great need at that time to use that money and it was not wasted on anything unimportant. Knowing that the money was used wisely has given me peace.
Hope that everyone will find a way to deal with this kind of regret.
As I've heard quoted..."look back but don't stare"...the regrets never fully go away...but we learn to live in our nows...
I am at a stage in life where I recognize how much "easier" life would be today if I had just invested more wisely over the years...specifically...the stock market...but I've come to believe that if a higher purpose exists...then the person I am is the person I was meant to be...the turns I took or didn't take got me to this point and will continue to carry me forward...its the journey of me...
May you find peace in being the unique special person you are..."look back but don't stare"
Hi @dragonslayer109,
I can relate exceptionally well to this post. I am also from South Africa and I have been using luno for about 5 years now. Not so long ago I had questioned this very thing as I have had about 12 btc through my luno account over the last few years. I also at one point had well over 2000 steem. At this point I have just under 60 steem left and 0.01 btc in my luno account. I have no regrets thou because the money was used to immigrate to the UK so I could have a better future for my family and especially my son.
In all I just wish I had the incite to hold my coins and stay put, this is because after it took me four years of struggling to get were I am today, I have realized I could have held out and if I simply waited holding my coins I would have ended up getting here around the same time only costing me around 3 btc.
I haven't gone through that regret , no BTC in my possession but I would really regret it seeing now a whole new profit I could have made if I hold on , but I totally agree with ur reasonings as long as it was not spend in waste there's no reason to hold on to that regret maybe another chance to succeed will come again :-)
I am sure another chance will come along, life is full of opportunities
good info hey
I am right there with you. I heard about bitcoin early this year but chose the stock market instead. That weighs on me but it's never too late to get in the game. I am utterly optimistic about bitcoins now and will do everything to get my share of the pie. May bitcoin continue to go up. Thanks for the post. Totally relatable.
Glad you enjoyed it, sorry for the stock market investment.
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It is indeed painful - but also a learning curve I guess.
I still think that something is up with Luno being higher than what I would think it should be...
As it is the only large market for Rand to BTC trade the price is always a lot higher than it should be.
Very impressive thought. Thanks for great realize, yes life is beautiful so live your life in a very own way. Yes it is very difficult to forget what ever we lost but if you forget to live then it is great lost. Only life is precious compared to all other material. Thanks for sharing. Please stay positive and happy.
I get what you're saying...but why live with regret? Of any sort....what's done is done, there's no changing the past, therefore there's no point in wishing you could.
I think the only way to having some peace of mind is staying focused on today, on now, and on doing the right thing in the present.
Some great insight, thank you. Well as of today and the present everything is going good :D
Very painful man..... Spent all my BTC on steem.
I know the feeling just went through our Luno wallet as well, plus now I have to listen to @therneau bragging about how he told me so haha.
time not to regret time to hodl on to it :D
@dragonslayer109 your experience is quite a wonder, i little the way you relate your bitcoin experience, to how you spend the money, i enjoyed reading.
tragic...
i know something new thanks...
Good post, I am a photographer, it passes for my blog and sees my content, I hope that it should be of your taste, you have my vote :D greetings
nice pics can't do mine. Money you lost because you needed to make more is sad. Love it
GOOD
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Great piece, I am on the opposite. I forgot about my bitcoin and now I have a dillema, can you help? Do you have a guide for dummies how I can get a Bitcoin Core Cash Wallet and get my Bitcoin Cash? I have BTC since a few years in a Bitcoin Core Wallet, but I haven't claimed the Cash yet, how would I go about that?
You know it is all a part of the game, it is all chance. You can't see the future so you don't know what the fluctuation will be.
Did you make some money off of your investment? There would be a positive there if you did. Right?
Good content, regrets are not easy to deal with but look on the positive side of things. We should learn to let go of the things that's not under our control and appreciate what we have. And also learn from previous mistakes.
Thank you for your information.
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I luv your Post, Thnx for sharing!!!
I luv your Post, Thnx for sharing!!!
I never regret anymore. I had a lot of missed opportunities, but now i understand that it was not the right time or i was just not ready to use the opportunity in that moment.
I wanted to buy bitcoins when they were on 2000€ this year, but there where so much issues solve and i did not know if my money is safe at the bitcoinexchanges and on the wallet, so i gave up. But in late summer i collect my self and went all the steps to get bitcoins on a wallet and got i save. So when it was on 2000€ i was just not ready to get bitcoins, so theres no reason for regret that i didnt buy them... I hope you understand it in my english ;)
Im new to the crypto space, but I have been trading stocks for a long time. There have been plenty of times I sold too early, but you just have to remember that opportunities come and go. As the movie once said "Keep Moving Forward". Peace II
Thnx for sharing!!!
At the end of the day, you still made a good choice at the start, by buying Bitcoin. Also, a good choice at the end, not because you sold it at a higher price you bought which resulted in profits, but because you used that money on things/matters that is of importance to you.
Last trade: $8,900.11CADVolume: 627.23260580XɃTLow: $8,900.00CADHigh: $9,240.00CAD
The New World is coming - digital World
I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.
Thanks a lot :)
Yeah thats a good way to think about it. No reason to go crying over spilled milk. Hindsight is always 20 20. If the money you spent it with was worth it then its worth it. Thanks for the post. Love it.
Another, new Steemian, South African that can relate here. I have been in and out BTC the whole year and currently out. I chose alts over BTC and my biggest regret right now was going all out on BTC. And alts are down so much right now it hurts. So yeah, I do not have peace currently...
I totally love the way you reason it for yourself.. I've been hitting myself hard the last while lol because I'm always skeptical investing in cryptos.. but clearly it seems to be the future. Have a fantastic afternoon!!
You haven't posted in a long while, how come?
Lost my mum ;-)
When I missed out on something i always tell myself that "It could have gone either way."
I was NOT quick enough of the opportunity of BTC. But I hope I will find the second winner after Bitcoin. I believe it will be EOS
I wrote this article which is targeted to people who feel it is too late to get in and participate in the exploding crypto/blockchain sector. https://steemit.com/cryptocurrency/@motowngold/bitoin-crosses-7000-dollars-what-can-you-do-about-it-some-investing-ideas-including-crypto-related-stocks
Great work
I haven't gone through that regret , no BTC in my possession but I would really regret it seeing now a whole new profit I could have made if I hold on , but I totally agree with ur reasonings as long as it was not spend in waste there's no reason to hold on to that regret maybe another chance to succeed will come again