05-22-2021, 02:13 AM
Fell for the FUD and paper handed most of my BTC at below 40,000. Lesson learned.
<!-- SC_OFF --><div class="md"><p>I guess people were right. These dips/crashes really are what separate the real hodlers from the paperhanders. I was very confident a couple weeks ago and said I would "never sell for a loss".</p> <p>Yet there I was yesterday, literally selling my BTC at a loss. I couldn't believe it. When push came to shove, I ended up crumbling... Just a couple days ago, when it was at $40,000, I said, "Why would I sell at such a bad price?" But when it dropped to $36,000, I'm not sure what took over me to make me sell... Now I know that, realistically, I would not have held if I had BTC at $1.00.</p> <p>I guess I didn't expect the whole sub's sentiment to turn upside down and bears to be out in full-force. All the "$100K EOY" talk suddenly turned into "$20K" and "3 year bear market". I really fell for the FUD <em>hard</em>.</p> <p>I'm relatively new to crypto, but I hope this experience will now prevent me from making the same mistake again. I'm now more prepared for the future.</p> <p>I'm back in the game now- bought BTC and ETH at maybe a slightly worse price than what I sold it at. But now I've changed my mindset and I'm holding long term. I'll delete my app and forget about crypto for a while now.</p> <p>I hope others who made the same mistake as me can reflect on it and come out stronger.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Past_Ad5078"> /u/Past_Ad5078 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nhj990/fell_for_the_fud_and_paper_handed_most_of_my_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nhj990/fell_for_the_fud_and_paper_handed_most_of_my_btc/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I guess people were right. These dips/crashes really are what separate the real hodlers from the paperhanders. I was very confident a couple weeks ago and said I would "never sell for a loss".</p> <p>Yet there I was yesterday, literally selling my BTC at a loss. I couldn't believe it. When push came to shove, I ended up crumbling... Just a couple days ago, when it was at $40,000, I said, "Why would I sell at such a bad price?" But when it dropped to $36,000, I'm not sure what took over me to make me sell... Now I know that, realistically, I would not have held if I had BTC at $1.00.</p> <p>I guess I didn't expect the whole sub's sentiment to turn upside down and bears to be out in full-force. All the "$100K EOY" talk suddenly turned into "$20K" and "3 year bear market". I really fell for the FUD <em>hard</em>.</p> <p>I'm relatively new to crypto, but I hope this experience will now prevent me from making the same mistake again. I'm now more prepared for the future.</p> <p>I'm back in the game now- bought BTC and ETH at maybe a slightly worse price than what I sold it at. But now I've changed my mindset and I'm holding long term. I'll delete my app and forget about crypto for a while now.</p> <p>I hope others who made the same mistake as me can reflect on it and come out stronger.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Past_Ad5078"> /u/Past_Ad5078 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nhj990/fell_for_the_fud_and_paper_handed_most_of_my_btc/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/nhj990/fell_for_the_fud_and_paper_handed_most_of_my_btc/">[comments]</a></span>Kind Regards R