Don't be like greg

[serjent05]

I'm really tired of seeing stories like this and whenever I see stories like this it's usually follows with hundreds of comments with similar stories. There is nothing happy in those stories just filled with regrets. And these regrets are accompanied with pain and depression. People couldn't believe that bitcoin would be almost $100k now and they think about all that they should have done that they didn't do. But that time is passed and you cannot go back to change the past but you can start from today and make better decision about the future in terms of Bitcoin investments. There are even more ways to stack up Bitcoins than there were in the past.

True, those comments seems like there is no buying-back option...  When a trader is always keen for price changes, always practices entry, exit, re-entry and exit where each exit his aim is to take profit. I don't think traders regrets their transaction when they took profit.  After all, in Bitcoin cycles, there is always a door for re-entry.  So I think those people who sold at lower price are still be able to repurchase when the price goes down if they decide to stay in cryptocurrency but obviously, those who sold and left for good do not even care...

A lot of people in this thread have got it wrong. The key difference is that Greg was not a bitcoin "holder". He was a bitcoin "trader". In the early days there was many traders, even I was one of them. There was not enough Bitcoin maxi's that never sold and held forever.

I wonder what is wrong in being a Bitcoin trader, as I stated those who trade Bitcoin always repurchase when price is lower and sell when in profit.  They do it in a loop.

[justdimin]

A lot of people in this thread have got it wrong. The key difference is that Greg was not a bitcoin "holder". He was a bitcoin "trader". In the early days there was many traders, even I was one of them. There was not enough Bitcoin maxi's that never sold and held forever.

At the same time, most of these people didn't end up with zero, and that's what people are missing about. Like for example Laszlo had 100k+ bitcoins when he bought those pizzas, and yet people never talk about it, doesn't mean he is rich now, maybe he sold all of them or maybe he didn't, but that pizza was less than 10% of his entire bitcoin portfolio, meaning that if he kept the rest, he would have billions right now, yes with a B, don't know if he kept it though, maybe he didn't, maybe he sold earlier too.

And this is same for Greg as well, those 1700 weren't his entire stash, and he had some, go check his twitter and will see that he made more money than I could ever think of, and he is richer thanks to this, he gained literally fame from this that turned into money. Yeah, maybe he would have preferred to have his 1700 bitcoins instead, but not like he is some poor person neither, he still has some money and some coins, so he is doing alright, not a bad life.

[Faisal2202]

I came across this on X and I found it amusing how even if he had not sold it off he still won't have held on to BTC

Don't be like Greg
Keep HOLDING

Greg made the biggest mistake of his life, I wonder if he still alive, but the mistake was too big and he must be regretting on it so much, as his trade sentiment give the vibe that he care for small profits and lose even so big ones must be sending chill to his spine.

We all must learn from this, but it does not mean if we plan to book profit in the bull season and instead, we still holding onto our funds, we must sell them and book our profits and then wait for the dump or the bearish cycle, and in the dip we must fill our bags again. I think that time will be in around 2026 I could be wrong but point has been made here.

[South Park]

Anyone here can do a research if he buy back and still a Bitcoin holder now or forever a loser on Bitcoin?

He wouldn't be a holder
You can tell from his post that, even if he had bought again he wouldn't hold for long since he has a mindset of a trader.
There's nothing wrong with taking profit but I'd advice not to ever be a nocoiner.

It's quite going to be similar to people that would sell now or @ $100K.
Years later they would realised that they sold too quick.

Agreed, if someone is that worried about losing their money with their bitcoin investment, then they could sell enough bitcoin to recover their investment and hold the remaining bitcoin, at that point those people will be playing the markets with free money, and in the specific case brought by the OP, this could have been accomplished by just selling 20% of his coins, so if he had kept the rest of his coins at no risk to himself, he could have more than 124 million dollars now, with high chances of multiplying those profits even further.