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Dang, so someone who invested in 1997 would have still made money in 2002, though they would have a lot of psychological pain from the ride down from the peak.
by PakG1 6y ago
Dang, so someone who invested in 1997 would have still made money in 2002, though they would have a lot of psychological pain from the ride down from the peak.
- 11thEarlOfMar 6y agoLol, that's me and AMZN. Bought at (split adjusted) $1.50 in 1997, rode it up to $86 in 1999, held all the way down to $6. Finally sold at about $20, still thinking I was brilliant. I have to laugh about it cuz I can't bear the alternative.
- Ghjklov 6y agoIt's alright, no matter how bad that feels, it will never be as bad as all of us who missed the BTC boat when it was a little baby a few years ago. People spending it frivolously and treating it like it was worthless toy money since it was pretty easy to get. Then look at it now...
- Pxtl 6y agoI had a quarter Bitcoin and spent it all on a Humble Bundle.
- jrockway 6y agoI have a friend who got into Bitcoin early. He had almost $300,000 when MtGox got hacked and he lost everything. So it wasn't all sunshine and roses.
- deleted 6y ago[deleted]
- brobinson 6y agoI gave away 10+ bitcoins on Hacker News almost 10 years ago. lol (on a different account... I was an early adopter of this website, too) They would have been worth almost $200,000 at the peak of bitcoin's value, but I don't feel bad about it because there's no way I would have held them until that point. I mined them myself when they were worth like $12 each, and I definitely would have sold them when it hit $100.
- WalterBright 6y agoHaha, I bought AOL in the late 90's, rode it up 10x, then sold it when it sank back to 1x. A couple stocks I bought augered in so bad they were just removed from my brokerage statements, never to be seen again.
- 11thEarlOfMar 6y agoYup, it cost me more to sell CMTN than it was worth. Lost 101% on that one!
- unishark 6y agoOr with a little bad timing on when they exercise options versus sell the stocks, they can go very negative thanks to AMT.
- valuearb 6y agoDepends on dilution, Nortel could have easily issued enough shares to cause the stock price to drop over that period. I don’t know about Nortel, but Cisco was a stock printing machine over same period.