Reminder

Tweet

30 comments

  1. Anthraxious

    |Author

    Everyone likes these “I wish I kept” posts but that’s at the infancy of the thing. Now it’s so blown up, is there even a way further? I doubt we’d be seeing even bigger gains down the line. It can’t always just go up, can it?

  2. constrictor717

    |Author

    So many people seem to think in black and white terms – either HODL or sell

    Personally I think it makes sense to do both. Sell a proportion every year when you are in profit or if you have a good use for the money. This could mean selling 50% per year or 10% per depending on your goals

  3. kryptomancer

    |Author

    Lukewarm believing early adopters being shaken out is great for a less concentrated coin distribution.

    Remember to never go full fiat, even if you want to completely cash out at least leave behind 5% just in case.

  4. slvbtc

    |Author

    What I take away from this is that even the people who got into btc back in 2010/2011 would have only amassed a few thousand btc under $1 like this guy, and most of these lucky people (also like this guy) would have sold a large majority of those coins between $1 and $100.

    Most of the super early adopters like this guy would currently have 100 btc at most, not 1000 anymore.

    The only non-corporate individuals with more than 1000 btc would be the lunatic fringe fanatics and developers of which there were only a handful. For the rest of us it would be a miracle to have more than 100 btc, epic to have more than 10 btc and currently extremely good for your future if you have 1 btc.

    Remember that soon having one whole bitcoin will be considered an extreme display of wealth if not the epitome of wealth exhibition.

  5. TheContrarian2

    |Author

    That sucks. Could you sell that many full coins without adversely effecting the price?

    I mined about 30 coins back in the mid 2000’s and figured the hard drive was worthless. Some old 40 GB IDE drive that I threw in the trash. How many old drives sit at the bottom of landfills with bitcoins on them. That f’ing hard drive would pay off my mortgage now. No use crying over spilled milk.

Leave a Reply

Your email address will not be published.