<story><title>310 Bitcoin challenge has been solved</title><url>https://bitcoinchallenge.codes/</url></story><parent_chain><item><author>larrysalibra</author><text>Lots of people took that exact same strategy at what in hindsight now looks like ridiculously low prices like $1 or $10 or $100. Those people don’t have 50,000 or often any bitcoin left.</text></item><item><author>walrus01</author><text>Maybe I&amp;#x27;m cynical but if I had 50,000 BTC and wasn&amp;#x27;t ultra bullish on cryptocurrency in general, I would slowly sell it off at a moderate rate sufficient to turn it into real USD denominated securities, while not flooding the market (basically pick some top-20 performing ETFs and mutual funds).&lt;p&gt;True believers and zealots will of course &amp;quot;HODL&amp;quot;.</text></item><item><author>fosk</author><text>Because they have 50,000 more. It was very easy to accumulate BTC in the early days. As usual, hindsight 20&amp;#x2F;20.</text></item><item><author>walrus01</author><text>At today&amp;#x27;s rate that is about $1.89 million of btc. Why would someone give away nearly $2m of btc as a publicity stunt?</text></item></parent_chain><comment><author>DenisM</author><text>Sell 1&amp;#x2F;4 of your holding every time the price doubles. You won’t make as much money as you could ideally, but you will make a sizable fraction of the maximum, no matter how far or near it will go.</text></comment>
<story><title>310 Bitcoin challenge has been solved</title><url>https://bitcoinchallenge.codes/</url></story><parent_chain><item><author>larrysalibra</author><text>Lots of people took that exact same strategy at what in hindsight now looks like ridiculously low prices like $1 or $10 or $100. Those people don’t have 50,000 or often any bitcoin left.</text></item><item><author>walrus01</author><text>Maybe I&amp;#x27;m cynical but if I had 50,000 BTC and wasn&amp;#x27;t ultra bullish on cryptocurrency in general, I would slowly sell it off at a moderate rate sufficient to turn it into real USD denominated securities, while not flooding the market (basically pick some top-20 performing ETFs and mutual funds).&lt;p&gt;True believers and zealots will of course &amp;quot;HODL&amp;quot;.</text></item><item><author>fosk</author><text>Because they have 50,000 more. It was very easy to accumulate BTC in the early days. As usual, hindsight 20&amp;#x2F;20.</text></item><item><author>walrus01</author><text>At today&amp;#x27;s rate that is about $1.89 million of btc. Why would someone give away nearly $2m of btc as a publicity stunt?</text></item></parent_chain><comment><author>DesiLurker</author><text>my general thinking about such meteoric rise of, really, any security like btc&amp;#x2F;amzn&amp;#x2F;etc is that this is a cognitive mistake our mind does because of labels. the label amazon wasn&amp;#x27;t &amp;#x27;Amazon&amp;#x27; until it showed consistent growth &amp;amp; shrewd judgement over time. the mistake we make is take that mental object we see now and back project on the past while remorse turns off our analytical ability to see all the possible risks associated with it then.&lt;p&gt;I always remind myself that most public information is already priced into a stock &amp;amp; for every buyer of a stock there is a seller too.</text></comment>