Quote from: Obim34 on Today at 03:45:01 PM

Quote from: AYOBA on March 21, 2025, 08:49:16 PM

Quote from: Brainiac01 on March 21, 2025, 12:10:32 AM

Every price Bitcoin has ever been people wished they had held on to their Bitcoin and sell for that price and that picked my interest on this. I can remember vividly 4 years ago my friend was able to own Bitcoin which his father sent to him from Nigeria to Ukraine that was before he came back to Nigeria due to the war. He told me he keeps 30% of the Bitcoin and sell the rest for his upkeep. He sold his $2000 Bitcoin during December 2023 at 25k/1BTC after that year. Early 2025 Bitcoin started increasing, he cried because if he held he would have sold for 50k plus that's double of his initial money. When Bitcoin rose to 100k he also lamented because he didn't have any Bitcoin till now and he wished he never sold.

The lack of patience is what cause it for him if not it couldn’t happened to him that’s is why very important for anyone who has interest to invest in Bitcoins or hold a Bitcoins to have enough patient so that even when the market is not stable it will rush to sell the Bitcoin, because this is exactly what happened to this person that was holding a bitcoins since 2023 and sell it when the market was crashed.

Don't see it as lack of patience, the Bitcoin he had was given to him and not what he spent his resources on purchasing. We have seen several cases of countries that seize Bitcoin from scammers and sell suddenly, later on when the price climbs we begin to compare the selling then and what they should have sold by now, in a similar case his friend who sold early needed his money, he never saw what he held as part of an investment.

Everyone has to sell at some point, the best selling price depends on how important our profits mean to us, when and why we need to sell, selling at $120K at peak does not stop others from selling, definitely when the price mark get's far beyond the past mark.

People will see it in different ways. Different opinions and different judgement. For me he still shouldn't have touched the money yet since his guardian will keep providing for him. Imagine having a parents that can send you such an amount in Nigeria for your upkeep. It is expected that of him to have enough savings. I dont see any reason for him to regret why he sold the bitcoin. It was an opportunity for him to keep saving while all his need is provided.

At the same time. You wont blame him because he has no idea on the true value of Bitcoin. Many who owned bitcoin then made the same mistake. Only few hold their bitcoin. Not because they were too informed just that most of them are good at investment. So they used the same pattern to invest in Bitcoin.