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Yup, this was me. Selling all my coins for $2k each back in 17 felt like I robbed a bank. No regrets, paid for my rent so I could start a company and it worke

Yup, this was me. Selling all my coins for $2k each back in 17 felt like I robbed a bank. No regrets, paid for my rent so I could start a company and it worked out very well.

MuffinFlavored 4y ago
You don't feel bad for the people who missed that specific train and are now "chasing" it, dollar cost averaging a percentage of their (limited/spare) discretionary income at the hopes of one day owning 1 $15k "whole" Bitcoin, thinking it'll go to $100k or $1m? I've read a lot of sad posts at r/bitcoin. Not sad because people are saying "ouch, these losses hurt". Ouch because they are saying "what a great chance to buy more!" It's a cult... for a non-zero amount of people :( They won't listen to evidence, logic, reasoning.
- ISL 4y ago
  There is a reasonable chance that they are correct and prices will fluctuate upward again. The differences today are at least three: 1) the Bitcoin market cap is already large, so it takes a lot more people to make it move upward. 2) Bitcoin is no longer a good proxy for the potential of crypto in general. Ethereum is now perhaps at least as important. There are oodles of other options, too. 3) Because of the large market-cap and bitcoin's maturity, the technical risk of the protocol from global government intervention is substantially larger than in, say 2017. This time, it might be different, and not in the good way.