I sold all the bitcoin I had today. Will I regret this decision six months from now (22.05.2024)? I will only regret it if, at the end of the six months, the bitcoin price is (≈> 50.000), and there were no issues that could stop me from being able to access/sell my bitcoin like Coinbase going bankrupt.
@traders bitcoin is now ~70k which is almost double the price I sold at 🤡 so this question sadly resolves Yes, I regret selling my Bitcoin
@Soli 👍 Might be good to say May 22 in the title, since someone reading "6 months" won't immediately know when that window started. (Although "Will I regret selling all my bitcoin on May 22?" doesn't really convey the right thing either, maybe ignore me)
@KevinBurke then you hold. I can't offer a risk free alternative to making more money than you can be selling it all now :-). That would be called alpha.
@Undox in general i am not a good trader - i thought about it and noticed that if Bitcoin price would drop dramatically i would loose an essential safety net that i could rely on if i decide not to work for a couple of years - if it would have doubled or tripled it would not have affected my life in any way
@Soli my take on bitcoin it is a bag holding game. Greater fools. So if you sell and the price goes up after, then it is not as bad as one's brain might make it out to be. It the equivalent of watching black come up at the casino, when you always bet on black.
@Soli To be clear, the criteria you mention are exactly the cases in which you would regret it, right?
@BoltonBailey I think it is already clear in the description but just to make sure:
It doesn’t matter what happens to the price during the 6 month period. The only price that matters is the price at the end of the 6 month period.