Post
Topic
Board Economics
Re: Worst bitcoin decision you've ever made?
by
theunbeatable
on 28/05/2017, 15:00:32 UTC
The worst decsion I made so far is panice selling my bitcoin. I sold almost 10BTC at price of more or less $800 since I'm affraid that it might dump more. Now, it's more than $1500 and I regret selling it so much.

Well that was really regrettable, I mean 10BTC for $800 dollars. You can buy house and lot if you sell that BTC now especially that its price reached 2000$ plus in the last days. It's a lesson that it's really good to hold BTC when you don't need cash.

I decided to sell my bitcoins but a week later, the price increased. Should have waited.

This sometimes happens, just can not accurately predict the price and I do not think this is the worst thing that can happen. It is much worse to lose in gambling.

True. As long as you've bought it at a low price and sold it in a higher price then it is still a win win situation. The only thing to worry is that what if the price go higher but still it's good because there is a profit, unlike in gambling you can lose your money in a couple of seconds.

My worst decision is that at the very beginning I wanted to earn a lot of money and lost a lot of money in gambling.

Well if you really want to earn don't be so succumb in gambling, it's true that there is a possibility that you can won a lot of money but the there is more to lose there. It is better to go to investments instead.