Do you regret not selling your bitcoin at ~$20k?

Intuit NK1An42
Jun 2, 2018 33 Comments

For discussion in the thread: will it ever hit $20k again?

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TOP 33 Comments
  • Google Noogler69
    Where’s the option for “I did”?
    Jun 2, 2018 3
    • Intuit NK1An42
      OP
      Not that many people are perfect market timers and would’ve known 20k would be the local maximum.
      Jun 2, 2018
    • Amazon AWS420
      It was the global maximum
      Jun 2, 2018
    • Intuit NK1An42
      OP
      For now. But there’s no knowing what the future holds
      Jun 2, 2018
  • Amazon LoanerBadg
    Bitcoin is a zero sum game for most people. If you sold at 20k, that means there is someone else who bought it at that price and regretting his loss now.
    Jun 2, 2018 6
    • Pivotal / Eng
      zarble

      Pivotal Eng

      PRE
      Amazon, Google
      zarblemore
      It doesn't apply to the stock market. Bitcoin can be mined for the cost of computing and electricity, whereas you can't turn computing power into shares.
      Jun 2, 2018
    • Intuit NK1An42
      OP
      Yeah, but anytime you sell a stock, someone else accepts a mutually acceptable price to both of you.
      Jun 2, 2018
    • Intuit NK1An42
      OP
      I don’t understand how the fact that you can mine bitcoin makes my prior point irrelevant.
      Jun 2, 2018
    • Pivotal / Eng
      zarble

      Pivotal Eng

      PRE
      Amazon, Google
      zarblemore
      There is no counterparty when Bitcoin is mined. There is always a counterparty in the stock market.
      Jun 2, 2018
    • PayPal Uduaqrqitp
      zarble is stupid
      Jun 3, 2018
  • Amazon Pokebowl
    I regret convincing a friend to buy a bitcoin at 20K. :(
    Jun 2, 2018 4
    • Coursera / Eng
      BigDee

      Coursera Eng

      PRE
      Coursera
      BigDeemore
      Are you still his friend LOL
      Jun 2, 2018
    • Amazon Pokebowl
      As far as I know...
      Jun 2, 2018
    • Commvault Vxsw39
      Interested to know what reasoning you gave him to be convinced
      Jun 3, 2018
    • Amazon Pokebowl
      His 640K portfolio was all in tech stocks so I told him to diversify more. Lol.
      Jun 3, 2018
  • This comment was deleted by original commenter.

    • Intuit NK1An42
      OP
      It could be wrong to sell at 20k if it’ll be worth 200k down the road.

      For being a dumb poll, a lot of people participated.

      I don’t think it’s a completely pointless poll. The people still holding have faith that there will be future price growth. So the poll is one way to measure what the market thinks it might be worth down the line.
      Jun 2, 2018
    • Intuit NK1An42
      OP
      Given the slight edge on the regretful side of the poll results, it could be suggesting that there the majority of market participants might thing 20k may never be a price bitcoin hits again.

      A lot of market movement is psychologically based. So it’s a dumb question superficially, but whatever people think the market will do en masse tends to be what the market actually does. This question gets at the behavioral side of investing, since investment decisions aren’t always rationally based.
      Jun 2, 2018
    • Intuit NK1An42
      OP
      I’m more of a buy-and-hold investor (rather than doing the whole catching a falling knife) thing. I didn’t consider this perspective.
      Jun 2, 2018
  • It will hit 20k again in no time
    Jun 2, 2018 0
  • Intuit 7htio98
    I think most people on blind should invest and not check it fir a few years. A lot of y’all aren’t good investors and are too used to your faang investment making 5-10% a month. Crypto is an emerging market and if you don’t actively and smartly manage risk you will just wipe out... or come back in a few years when it’s more stable. But if you know what you are doing you can kill it. Examples - EOS 3x from March to may and ont 10x. Theta 3x since March... nuls 3-4x and bch 2x. Buy low sell high on cycles of rsi and stochastic but too many of y’all are too proud to admit lack of skill here. But there’s a killing being made by those who are savvy
    Jun 3, 2018 2
    • Intuit NK1An42
      OP
      I’ve been ignoring my intuit stock and so far that’s been a good choice
      Jun 4, 2018
    • Intuit 7htio98
      Ha totally but now I’m a seller. Learn from bitcoin lol
      Jun 28, 2018
  • Snapchat Evan’s Dad
    Sell now and don’t regret it when it goes to 1k 🤷🏽‍♂️
    Jun 2, 2018 2
    • Sapient Razorfish WwjD60
      Why don't you short it and make a shit ton of money?
      Jun 2, 2018
    • Snapchat Evan’s Dad
      I’m only 60% certain it will go there. Not inclined to take chances
      Jun 2, 2018
  • PayPal YhagFffQ2$
    Probably will
    Jun 2, 2018 2
    • Intuit NK1An42
      OP
      If it ever does hit 20k it’s probably going to be slow, long term growth. Not anytime soon.

      I don’t see people getting as frenzied about it. A couple months ago, people were non stop discussing crypto.

      When the markets took a tailspin, the public discussion stopped.
      Jun 2, 2018
    • PayPal YhagFffQ2$
      You’re right, and I hope that’s how it happens. It comes and goes in waves, it happened before and it might happen again.

      Just don’t go all in, sit back and hodl. It’ll be an interesting ride :)
      Jun 2, 2018
  • Research Now / Eng Hooohaaa
    I hope all crypto currency becomes 0. Specially bitcoin.
    Jun 2, 2018 1
    • Sapient Razorfish WwjD60
      Don't hold your breath. Bitcoin will never be 0. Someone will always hold it.
      Jun 2, 2018
  • Yahoo HooBoy!
    Will cast my vote in this poll come 2022.
    Jun 25, 2018 0
  • New ILuu70
    Yeah i regret it a little. But i would have just bought back in at 15k and have more bitcoin now.
    Jun 3, 2018 0

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