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I didn't panic, but I thought it was worthwhile to exit when BTC was at about $12. It paid for the down payment on my car. I kept some (and I'm still holding a
by fapjacks 9y ago
I didn't panic, but I thought it was worthwhile to exit when BTC was at about $12. It paid for the down payment on my car. I kept some (and I'm still holding a fairly substantial amount) because I do believe that it will revolutionize a lot of things and will be worth a lot more in the long-term. It wasn't about "having the guts" or "panicking" as much as it was about "I have an opportunity here".
- atarian 9y agoThanks for the correction. I should have said something like many people thought Bitcoin was peaking when it was only worth hundreds.
- fapjacks 9y agoSure. I even thought to myself for quite a long time how it would have been nice to hold onto it until it was worth $1100-1200 a few years ago. But then I would have started wishing I'd held out for the $3k price. And surely, I would have wished that I'd held out for the $5k, $10k, $50k, or more. And truly, that's why I'm still holding a fairly substantial amount. But the most important thing is that I am not frustrated or disappointed in how I've handled this frankly unexpected and astonishing source of wealth ("wealth" perhaps is a strong word here). Because of other circumstances in my life, I feel lucky to be alive. I do not have any regrets about exiting most of my Bitcoin position when it was worth $12. It helped me to provide for my wife and myself, and that's more than some people get in life, so I'm really happy with how it worked out.