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<blockquote data-quote="LarryBird" data-source="post: 4106327" data-attributes="member: 76548"><p>The people I know who bought in very early sold off some of them along the way, yes. But most of them still kept large positions, and many continued buying pretty heavily on the way up too. Some of them initially sold only enough to make back their original investment, and they sat on most of the rest until they hit the stratosphere - those people are independently wealthy and no longer work. Others I know diversified into safer investment vehicles when their bitcoin holdings reached a level where they no longer had to worry about money for the rest of their lives too. A few of them sold out of everything they had when they turned what now seems like a modest profit, but at the time was like a 100x return or better - they regret it terribly now, and bemoan it constantly. It all depends on the person I guess.</p><p></p><p>If you had an asset that you believed in, and that had already shown you amazing growth potential, why would you ever think of selling out of your whole position? I know I wouldn't. </p><p></p><p>Recoup my initial investment and take a freeroll? Definitely. </p><p></p><p>Take a small profit out? Sure. </p><p></p><p>But sell out of it totally at $100 per when it's gone to 1000x over what it was when you bought in? <img src="/community/styles/default/xenforo/smilies/group1/censored2.gif" class="smilie" loading="lazy" alt=":censored2:" title="Censored2 :censored2:" data-shortname=":censored2:" />ing absolutely not. Nobody with any financial savy would do that at a young age when you should have no issue tolerating some risk. At least not without some extenuating circumstances. Especially when you could take out your initial investment plus, eliminate any potential risk, and hold the rest for the chance at having a grand slam on your hands.</p></blockquote><p></p>
[QUOTE="LarryBird, post: 4106327, member: 76548"] The people I know who bought in very early sold off some of them along the way, yes. But most of them still kept large positions, and many continued buying pretty heavily on the way up too. Some of them initially sold only enough to make back their original investment, and they sat on most of the rest until they hit the stratosphere - those people are independently wealthy and no longer work. Others I know diversified into safer investment vehicles when their bitcoin holdings reached a level where they no longer had to worry about money for the rest of their lives too. A few of them sold out of everything they had when they turned what now seems like a modest profit, but at the time was like a 100x return or better - they regret it terribly now, and bemoan it constantly. It all depends on the person I guess. If you had an asset that you believed in, and that had already shown you amazing growth potential, why would you ever think of selling out of your whole position? I know I wouldn't. Recoup my initial investment and take a freeroll? Definitely. Take a small profit out? Sure. But sell out of it totally at $100 per when it's gone to 1000x over what it was when you bought in? :censored:ing absolutely not. Nobody with any financial savy would do that at a young age when you should have no issue tolerating some risk. At least not without some extenuating circumstances. Especially when you could take out your initial investment plus, eliminate any potential risk, and hold the rest for the chance at having a grand slam on your hands. [/QUOTE]
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