Quote from: o_e_l_e_o on August 28, 2018, 12:40:35 PM

I wonder how many of the people who bought at $14,000 are still holding. I would wager the majority of them have panic sold a long time ago, either never to be seen in crypto again, or to again stupidly FOMO on the way up.

Yeah, and $14k wasn't even the high. There are people who bought bitcoin right at the top, at $20k or whatever the actual high was at the time. On those trades, people were making both the best and worst decisions, and that's kind of amusing to me.

I have some confidence that we'll hit $14k again, but I'm just not sure when it's going to happen. Nobody knows that. What I do know is that bitcoin is far from dead and that what we've seen in the past year was not a bubble. The price went up too far too fast, but if it was an actual bubble I think the crash would have been a lot more severe. $7000 really isn't bad at all, considering that in 2015 when I first bought bitcoin it was at $400 or something like that. Wish I hadn't sold all of that, but I did.

Regardless, to reach $14k bitcoin has to double. That's no small feat for any investment. I don't want the price to shoot straight up like it did last time, because those types of gains aren't sustainable.