Verified Information - Missed Opportunities

[Vaskiy]

Above image portrays a tweet made ten years back. By that time Greg Schoen have sold his 1700 Bitcoins. When the tweet was made, the price of bitcoin is $8. He had sold his holdings for $0.30 per bitcoin. It is a missed opportunity, because he wasn't able to sell at $8 as well as at the present peak. But, he's good enough to talk about cryptocurrencies. Now all he have is ethereum and few other altcoins and not bitcoins.

If there are similar people with verified information about missing opportunities to make good profit out of it. Please share it with the image on the thread.

[Poker Player]

Many of the Bitcoin haters you see today who say Bitcoin is going to 0 did just that. They want to believe they did the right thing, that they couldn't make such a big fuck up, and every time there is a dip, they hope the price keeps going down to be right.

A more reasonable person would have bought back at $100 or $1k or today. There is still time to buy Bitcoin.

[Bttzed03]

I've seen this tweet many times already and I used to laugh at it. We know now that he made a huge mistake selling all his BTC but it's hard to judge when we weren't there when Mt. Gox happened and when BTC was treated like a loose change. What could we have done differently?

I'm pretty sure there were more stories like this but the worst case of missed opportunity is probably throwing the hard drive with 7,500 BTC in the trash.

[o_e_l_e_o]

If there are similar people with verified information about missing opportunities to make good profit out of it. Please share it with the image on the thread.

Here's a post I made almost exactly 1 year ago, in response to someone complaining that they had missed their "golden opportunity". Bitcoin was $13k at the time of this post:

There have been people complaining about "missed opportunities" since bitcoin was sub $100.

Take a look at this guy: Did I miss an opportunity? At what point would you say is too high to buy?
Here he is lamenting that he could have bought in when bitcoin was 42 bucks, but now it is over 100 bucks, so what's the point?

What about this post: ever had a huge opportunity stare you in the face
This is a particular favorite post of mine. The price of bitcoin when that post was made was $123. The user is complaining he could have bought in 2011 and missed the opportunity which was "staring him in the face". He signs off the post with the following sentence:

I constantly have this feeling that something is staring me in the face and I'm missing it.

Here is he is, posting on a bitcoin forum, with bitcoin at $123, saying he feels he is missing some big opportunity but he can't quite put his finger on it. I wonder what it could be?

Here's another one from a few years later: Regret and depression
Bitcoin price at the time: $230. Complaining he didn't have the foresight to get involved in bitcoin early, and could have been a millionaire. If he had invested then instead of complaining, $12,000 would have made him a millionaire at the ATH.


In 10 years time, there could very well be people making the exact same statement about you complaining that $13k is too expensive to buy in.

For the last example in that post, he would no longer have needed to invest $12,000 at the time of his post - a mere $3,500 invested when the price was $230 would have made him a millionaire at our most recent ATH of $66k.

I naively thought it would take 10 years for people to think that $13k was a bargain, but I'm sure everyone on this forum would love the chance to go back and buy some more at only $13k. Wonder how long it will be before people are calling everyone who bought in at $60k the lucky ones for getting in so early?

[hugeblack]

The development of Bitcoin and its spending in the first few days was related to privacy p2p network so we have to respect it, it is a pity to see someone reviewing your account because you bought something in 2011, if people want to tell the communty they bought bitcoin when price was 2 dollr they will do.
You didnot Miss Opportunities because price can reach to 500k

[so98nn]

Started very first investment in 2017 after complete understanding of bitcoin and its regulation in my country. The good thing was, I was all set to buy good amount of coins and also work for them on the forum too or collect them by any means possible from other works around the internet.

The bad thing was our Government was producing shitty Bills of Crypto currency where suddenly they accepted it and suddenly they also maliciously changed to banned status. This made me very very cautious about my investments. Bought some on local bitcoin at the rate of 1400-2k at the start of 2017.

But never had guts to hold them because of regulations changing in my country all the time.

So missed great deal of opportunity to become millionaire today.

[yazher]

I think there are lots of people like him who sold it when the price was increasing a little and regret by the time when the price was increased 10 folds. Now it increased thousands of times after 10 years and not only who are those who bought it from the start regret selling it in its early days, those who didn't even pay attention when was bitcoin introduced to them are now looking back and regretting it as if they've just lost a chance to turn the table of their life. Too many people have lost their chances of gaining huge profit when they didn't even care and now they are trying to get on the train with the current price on the market.

[dupee419]

Can't blame him if he had trust issues over Bitcoin, not anyone's gutsy enough to hold a huge amount and not expect profit, he was probably expecting a huge bullish movement back then but was too impatient, definitely a missed opportunity for him as he could have been a millionaire by now, but FOMO get in the way and he decided to invest in altcoins, it's definitely a decision he'll be regretting forever.

[romero121]

I naively thought it would take 10 years for people to think that $13k was a bargain, but I'm sure everyone on this forum would love the chance to go back and buy some more at only $13k. Wonder how long it will be before people are calling everyone who bought in at $60k the lucky ones for getting in so early?

Almost every user of bitcoin will be having this thought of going back to $13k and make some buying. Just one year difference, the same day last year the price was around $13k. For everyone who believed that to be high has missed the opportunity. Atleast 50% of active forum members might afford it, but everyone have missed it. Our forum itself have a big list of people with missed opportunities.

Buying at $60k seems lucky, and one who missed it will have the same thinking of going few years back and make a buying when it marks new ATH in the upcoming years.

[GreatArkansas]

Overall he just made a very huge profits back then and for sure he is already happy with it. Especially if his goal before is to make a profit by just buying Bitcoin at a very low price and selling it profit is already good.
But yeah, a lot of people before never expected how Bitcoin will increase in price significantly.

[litepool.ru]

The decision has been made and what will we judge with this, the moment he sold it has made a profit, so there is nothing to regret when he does not know what he is doing.
Many people nowadays might say ''if only he had kept it'', we would laugh and think he had a waste of his life, but I see if I don't look at those numbers... He was also happy with that.

[Quidat]

The decision has been made and what will we judge with this, the moment he sold it has made a profit, so there is nothing to regret when he does not know what he is doing.
Many people nowadays might say ''if only he had kept it'', we would laugh and think he had a waste of his life, but I see if I don't look at those numbers... He was also happy with that.

Regrets do always comes in last but into those years no one really havent able to expect that bitcoin could increase its price on what we do have today and of course people who had sold early years
will really be having that big regret but well we cant really take the past and stop on what we had done.Lets just move on and accept on the fact that we're happy in to those days where
we did sell off our coins but it just turns out that in future years the price had become more valuable.

[passwordnow]

We all have that the same experience a few years ago and I think also by this year. Despite the bull run, we want to secure our profits and nothing wrong with that. What's wrong is you've sold and then later you'll complain that you've sold earlier. I've got the same experience and I'm just thinking of it as one of the best lesson that I've learned on this market. The second guy on the picture is correct that you shouldn't sell everything and with an addition, if you believe on the crypto you hold and we're talking about bitcoin, never sell it on the price that you're not satisfied. And, if you have a future price as a goal then holding makes sense.

[Shenzou]

It is easy to judge and laugh at people and their past actions, but some of us have done the same exact thing even when the price was still promising, and even if you didn't you might in the future and you will always look back and say i wish i have kept them, the thing is we can't predict the future and we don't live forever so it is better to enjoy things while you still can instead of just hording and not spending any of it just for the sake of it reaching higher prices, it is good to think about the future but also it is good to live the moment and enjoy the present.

[davis196]

A few years ago,I've sold multiple Bitcoins at a price below 1K USD or even below 3K USD.
Do I regret this?Yes.Was I expecting that the Bitcoin price is ever going to hit 60K USD back then?Definitely NO.There's no point of looking at the past and regretting your mistakes.We just have to move on.
That guy (Greg Schoen) probably would have never expected that the Bitcoin price would ever hit even 1 dollar.That's why he sold his BTC.
This might look silly now,but try to put yourself in the shoes of a guy having Bitcoins back in 2011,when Bitcoin was still considered an experiment.Why you sell those Bitcoins for USD?Probably yes...

[pooya87]

Things like this could be a little misleading because the "missed opportunity" was not the fact that this person sold his coins at whatever price, the actual missed opportunity is when you sell but never buy back in either the dip or when you figure you made a mistake and price goes higher.

Now all he have is ethereum and few other altcoins and not bitcoins.

In other words he is still an idiot since he is baghlding shitcoins. It is true that some people never change which is why we always see only a small number of successful people while the rest are chasing their own tail.

[xSkylarx]

It is easy to judge and laugh at people and their past actions, but some of us have done the same exact thing even when the price was still promising, and even if you didn't you might in the future and you will always look back and say i wish i have kept them, the thing is we can't predict the future and we don't live forever so it is better to enjoy things while you still can instead of just hording and not spending any of it just for the sake of it reaching higher prices, it is good to think about the future but also it is good to live the moment and enjoy the present.

I believe that we should simply laugh at our mistakes while also learning from our experiences. When it comes to my own mistakes, they were not as severe as this one, but they could have made me wealthy if I hadn't sold my bitcoins in 2016, which is a sad thought when I think about it. I agree that we can't predict it, so if we make a mistake by not holding it, I believe now is the time to hold it because we don't want to make the same mistake again. Let's take a chance on something in the hope of receiving something in return.

[Kakmakr]

Seller regrets will always be an issue with Bitcoiners that sold at a lower price than what it will be in the future and that is not unique to Bitcoin. The same thing happens with a lot of other Commodities.

In 2007..the Gold price was $600/oz ..so if someone sold their Gold in 2008 for $1000/oz ..... they will have the same "Seller regrets" when the price went up to $1900/oz in 2011.  

Why should this be any different for Bitcoin sellers?   ( I bought several bitcoins at $300+ back in the day.. and sold it at $1000 shortly after that... thinking that it will never go higher than that.... I was so wrong, but just bought back some more and sold that later for 800% profits a few years after that.... not knowing that the price will go to $60 000+   )   I think I am lucky, because some people sold at a loss after the 80% drop in the price that lasted 3 years... 

[dothebeats]

 I do have some regrets when it comes to selling my bitcoins, too. Sold most of the lot on 2017 during the initial run to $19k, then a few years later I am seeing prices up to $60k per bitcoin. But to think that most of the proceeds of the sale that I did back in 2017 went to fund something great, and something that I still benefit from up to now, maybe it wasn't that bad, although of course if only I knew that things would push insanely high in just a span of 4 years, I would have held it even further to make lots of profit. Then again, no one knew, but still it's really rewarding to be a part of something that everyone thought was a scam at first.

[cabron]

Even with ETH today, I also have some regrets for not keeping the ETHI have bought while its price was just $7 each. We were just soo early in the game that whenever expect the prices could go huge as what we have today.

1700 BTC today, Greg will already be a legend. I do hope he bought back some of his BTC though. When you are an early investor you normally will come back and save some for the future even just a few of it.