So, here’s the deal with regret: if you’re sitting there regretting something from yesterday (or any past moment), you’re pretty much setting yourself up to regret today sooner or later. It’s a never-ending cycle that could go on until you kick the bucket, and even then, you might end up regretting your last day, seeing it as some kind of lost paradise.
Think about it: in 2010, you’re regretting stuff from 2009. Then in 2011, it’s all about 2010, and it just keeps going. Year after year, you look back and think about how you could’ve done things differently. By the time we hit 2046, you’ll still be regretting the previous years.
And in the world of Bitcoin, when things start to drop like really drop that regret hits hard. You’ll kick yourself for not selling at the right moment, especially when the signs of overvaluation were all in your face.
What do you guys think? Where does all this regret come from? What’s the root of it? And if you’ve considered the butterfly effect, you get how changes in one area can ripple out and affect everything else.
The cycle of regret
19 replies 153 views
mr_satoshiSenior Member
Posts: 305 · Reputation: 1629
#2Apr 3, 2021, 09:48 AM
Regret can happen from action and then from inaction, and in this context, In trying not to have regrets, you may just be reacting too early, responding to FUD. You can also regret selling too early if things turn and bitcoin's value starts to increase again.
Regret usually stems from false expectations; that is, you only regret it when you see that the results of a decision were in your favor. And I say it's a false expectation because you didn't know for sure what would happen. Simply put, in trading terms, you made the wrong bet. So, although regret is a normal feeling, I don't recommend accumulating it. I recommend letting it go, since that only creates more confusion when making future decisions based on something you did or didn't do in the past.
vault_alphaHero Member
Posts: 363 · Reputation: 2228
#4Apr 3, 2021, 12:31 PM
I wonder where you copied this from, but I know that the philosopher cannot sell because it is not motivating and it is blind to the reality of what's truly happening. Regret, as they say, is one of the things causing a true change, and not totally damning as you or your philosopher makes it looks. This is even instrumental to personal growth.
No wonder you labelled regret as such in your introductions, which is not really true, because regrets are not in the same way. Investment regrets is a different kind of regrets that happens out of fear of losing money. However, it might not be as regretful in some people as you think, but just a missed opportunity.
Good people regret their actions in the past and then they change them for the better because every human being has made mistakes in the past so that previous regrets should be seen as a form of change in the future. Humans are considered failures when they are unable to see changes from past failures and they continue to be stuck in the same life without any changes that can be made. When we realize we made mistakes in the past, what we should do is change them so that our next life can be much better.
Sometimes the reality that occurs cannot always go according to wishes, but every human being has the right to change for the better because we live not only for pleasure but also to be responsible for ourselves and our family and without realizing it, the responsibility for this is much greater than not doing anything.
Regret in this context may be different but it is also the same in how we see it as a form of changing our perspective for the better. If regret is meant due to a lack of knowledge about bitcoin then we should need to change that knowledge to be better in the next bitcoin trading that we will undertake.
alex.shardLegendary
Posts: 1019 · Reputation: 5623
#6Apr 5, 2021, 06:16 PM
It is simple, the person regretted that he did not sell bitcoin last year, but if it is an unrealized losses by not still selling bitcoin but wait for 2 or 3 more years, bitcoin went back to the highest price it was few years ago and later go to all time high. He will be more than happy that he did it sell the coins.
This is more about holding bitcoin and not about trading bitcoin.
I guess the simpler version of this is, if you feel regret, you regret many things and a lot of times and repeatedly?
If you don't feel it, you usually just don't regret anything?
I always felt after my life experience there are 2 types of people. People with regrets, and people without Bitcoiners too for sure!!
Thats for sure. No one can accurately predict the potential SELL button. Greed and discipline coincides when it comes to market price. Let say bitcoin pump hard to $200k some will regret for not holding their bags or if it goes back to $20k the dialogue you will hear is why I didnt sell at top?
See these reactions are valid cause of the two termed I mentioned. Its really up to those things if we either regret or not the next move.
qu4ntumoracleFull Member
Posts: 117 · Reputation: 767
#9Apr 7, 2021, 07:55 AM
We do regret for the things we have not done but could have been done, or we regret because they end up missed opportunities when we know we are capable to hit them if only we are at our best self.
Regrets happen because we have set unrealistic expectations. We think we can do much because we are are high capable and confident, but only to see the outcomes that do not fit our high expectations. That's when we start to regret, not because we made wrong decisions, but because we fail to set realistic expectations. And the only key to manage it is to learned from it, and be wise enough not to repeat the same mistakes and failures again.
yield_moonFull Member
Posts: 102 · Reputation: 297
#10Apr 7, 2021, 11:06 PM
One thing I have got to understand about regret is that, you will feel more regret for the actions you fail to take, than the one's you took and failed, especially when you later discovered that it later went as predicted.
Most of the Bitcoin haters we have today are angry that they miss the opportunity of buying it when it was below $100, they are just hoping that Bitcoin crashes down to zero, so that it's going to make them feels better, that their actions was the right thing, but secretly they are in pain that they didn't bought it when it was just a few box of dollars, so regret are part of life, but how you react to opportunities the next time is what going to determine if you have actually learnt from your mistakes in the past or not.
I guess as long as you never meet your expected profits, you will always have your regrets. But regrets may also come from perceived mistakes like missing a trade, exiting too early, or holding a losing position for too long.
Your failures become your regrets and regrets turned into growth, that should it be. Responsible and successful traders do not aim to avoid or eliminate regrets as they can use this to refine their discipline and create positive growth that could be the keys towards successful trading. However, losses are sometimes cannot be avoided but productive traders can always work on it.
just_bridgeSenior Member
Posts: 160 · Reputation: 1146
#12Apr 8, 2021, 02:12 AM
One thing with regret is that there are varying degrees to it.
The one with the highest degree of regret is inaction especially in trading. The very actions you refused to take that lead to a bad outcome. For example, failing to take profit and losing money - inaction. Failing to set a stop loss and also losing money.
In my estimation, inaction in trading, brings the worse form of regret.
real_pixelSenior Member
Posts: 206 · Reputation: 1105
#13Apr 8, 2021, 02:31 AM
From not having a firm decision of whether you should buy. And when you've seen enough, then that should be the reason for that regret not to exist anymore. Because there's nothing to regret anymore when you have decided and you've seen already on how you'll be able to make money whether you trade or invest. And that is a cycle as well from the past, it will be repeated if you won't change your way of scrutinizing your investment or trades before doing so. Another factor of it is that, you're already scared beforehand.
I'm lost as to what you meant there by overvaluation when in the actual sense price didn't even get to its expected range in 2025 before dipping. As for a long term expectation, $126k isn't even close to what's expected of Bitcoin. It may look impossible to achieve now but that ATH will sooner than later be smashed. There's no overvaluation. We've to realize that price doesn't move in one direction without taking a breather. It can't forever continue on that move without its correction.
I guess it comes from that feeling of having made bad calls/judgment. As humans, we're definitely going to slip from time to time and the reason isn't far-fetched. It lies in our inability to accurately predict what happens next. If it weren't so, all of us would be hodling tokens and coins we bought at bottom low but sold off even before they spiked real good.
alexwalletSenior Member
Posts: 347 · Reputation: 1933
#15Apr 9, 2021, 07:42 PM
If you stick to discipline and principles, you won't regret past decisions as much. Everyone has a certain level of greed that determines their level of regret. I'm sure even the OGs have at least experienced the "if only back then" feeling every time they're in a bear session. Hahaa
Well, the main source of regret is greed.
Even with discipline and principle, I think some mistakes we did in the past will still be dealt into regret.
I agree.
Many of us keeps on thinking like that, if we can just back in the past when the prices were too cheap. But not happen.
CalmLedgerSenior Member
Posts: 236 · Reputation: 1270
#17Apr 10, 2021, 05:23 AM
If you regret without fix the mistake, you will still regret without any result. But if you can learn from the mistake and trying to do something, you will get the result although that is not good for the first.
The regret comes from the things that you do or don't do and if people invests in Bitcoin but you don't, then they make a profit from Bitcoin but you don't, you will regret it see their profit. But if you have bad experiences before, want to change in the next chance, you will doing something and not miss it. You will not regret as you can do like others.
Try to be more stoic, you missed the opportunity because you aren't doing anything and it's only the past. Try to do better next and you will find yourself lucky if opportunity arises.
The fact that you mentioned all those years, means the opportunity is endless as long as there is tomorrow.
If you aren't holding any bitcoin and regretting it. No better time to do it than today.
Nobody is perfect and there is no guarantee that something must happen as you perfectly planned it so failures and regrets are a part of life, if you are afraid to fail and regret you cannot be a winner because many winners failed and regretted at some points before success. Nothing is 100% certain that it must happen yet we invest our hard earned money to accumulate and hold it so your theory is what if it fails? But you should also consider what if it succeeds?
Bitcoin has shown a success rate that it has potentials to reach ATH in bull runs and we want to be a part of it's success story in the future, there is no guarantee of total success but it is better to hold Bitcoin than shitcoins or some business and investment that shows no potentials of being profitable in the future. If you're afraid to take calculated reasonable risks that can give you success in the future then you will most likely end up in poverty and that is the worst regret.
First of all, you didn't really need to do all that "in 2010 you regret 2009" stuff until 2045, we understood the point, and a single example would have been enough.
Anyway, regretting is a natural thing in humans that comes when they feel they have missed on a good opportunity when they could actually get it, and it is very difficult to never experience this feeling. No matter what you do, there will always be some things you will regret not doing the way you believe would have been better, so there is also no point in remembering those things again and again because that will only make you feel worse and you won't be able to move on to new things and doing what you should be doing right now.
If you regret not buying Bitcoin in 2022, you shouldn't spend all your time in thinking about that, and instead, buy it in 2026 so that you don't regret not buying it in 2026 when 2028 comes, but most people don't do things on time, and then they regret, there is absolutely no point in that.
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