Topic: Wozniak Sold his BTC at the height of the bull run (Read 457 times)
Smart people sold all their bitcoin when it reached 20.000$ to others who were stupid enough to buy in such a bad period. Everyone thought that is the great rise of bitcoin to 50.000$ but that's the difference between an investor and a newbie, they know when is the right time to retreat and save your profit.
Well thats good for him and he was lucky. One thing I observed about people who refused to sell theirs was that they were greedy waiting for bitcoin to pump more higher. Wozinak was satisfied with what he had from his bitcoin and sold it off. You think he had inside information, well you definitely can't proove that. Let's just say he did the right thing selling at the price he did and today he is not regretting anything. Greed sometimes can make us loose money and Wozniak wasnt greedy.
Majority of investors before 2017 were not expecting the boom that happened at the final quarter of that year, and very fee planned for it or had an exit strategy at that high value.
It's down to luck that at the time he pulled out Bitcoin was at it's peak, many held on for far too long, and ended up panic selling once it dropped, further hastening the crash.
It's down to luck that at the time he pulled out Bitcoin was at it's peak, many held on for far too long, and ended up panic selling once it dropped, further hastening the crash.
I don't know is he had an insider info, maybe he's just knowing that the bubble will popped very soon. That's why he sold his coins, we never know what is the reason though lol. The thing is, what a good move from him, sold his coins at the top price.
Everyone is speculating by the words that he sold when the price of bitcoin was at an all time high valuation, we all know that the price of bitcoin was below $700 a couple of years back and anyone who sold bitcoin beyond a couple of thousand dollars would say that they sold when the price was at an all time high valuation, there is nothing concrete to prove that he sold when the market started to fall after the rally, i have not seen any interview in which he claims that he sold the coins when the price reached the pinnacle. 
Lucky guy, selling at peak makes him a winner, most of us were not able to sell because of greed, but smart people can always make it at the right timing.
Bought at $700 range, so he really made a lot of profit on his decision, I'm wondering if he has the interest to buy now at the current price?
Bought at $700 range, so he really made a lot of profit on his decision, I'm wondering if he has the interest to buy now at the current price?
Lol . why are you happy with him ? Didnt you know that we are the ones that will suffer because the price of bitcoin will greatly dump after he sold his coins . i dont know if he intented it do because he want to manipulate the entire crypto market or maybe he only sells because he already reach his targeted profit but rest assure that he can still buy again at the dips because this is the only way that a value can recover ..
Apple's Wozniak said he sold all his BTC when it hit $20k because he didn't want the constant stress of watching the price movement.
The cynic in me feels he maybe had access to insider info
https://cryptomenow.com/wozniak-part-of-my-happiness-is-to-live-without-worries-sold-his-bitcoins-at-the-peak/
I don't know is he had an insider info, maybe he's just knowing that the bubble will popped very soon. That's why he sold his coins, we never know what is the reason though lol. The thing is, what a good move from him, sold his coins at the top price. The cynic in me feels he maybe had access to insider info
https://cryptomenow.com/wozniak-part-of-my-happiness-is-to-live-without-worries-sold-his-bitcoins-at-the-peak/
He can say what he wants but this decision wasn't random and the cause definetely wasn't the stress because of the constant stress of price monitoring. There was some another hidden agenda. That is why I don't pay attention to such news and I don't think they are actually relevant, they just confuse users and make them do stupid decisions.
It is just a logical decision in my opinion. I sold almost 50% of my coins during the ATH, because I wanted to get back my initial investment capital to eliminate all the risk of losing everything, if the experiment failed. The 50% that I sold, eliminated all the risk that I had with my investment and even gave me a huge profit.
Wozz should not have sold 100% of his investment, but only enough to reach a ROI.
Wozz should not have sold 100% of his investment, but only enough to reach a ROI.
"during ATH" usually refers to the time close to $20k or at least from $15k up. to get your initial investment back by only selling 50% suggests you only started buying when price was between $8k and $10k!!! if that is true then why did you wait that long to invest in bitcoin in first place considering you are an old member?
regarding Wozniac I have seen news sites twist his words so many times that unless I hear him clearly state what he has done with his coins I wouldn't believe what I read on these news sites!
Lucky guy, selling at peak makes him a winner, most of us were not able to sell because of greed, but smart people can always make it at the right timing.
Bought at $700 range, so he really made a lot of profit on his decision, I'm wondering if he has the interest to buy now at the current price?
Bought at $700 range, so he really made a lot of profit on his decision, I'm wondering if he has the interest to buy now at the current price?
It is just a logical decision in my opinion. I sold almost 50% of my coins during the ATH, because I wanted to get back my initial investment capital to eliminate all the risk of losing everything, if the experiment failed. The 50% that I sold, eliminated all the risk that I had with my investment and even gave me a huge profit.
Wozz should not have sold 100% of his investment, but only enough to reach a ROI.
Wozz should not have sold 100% of his investment, but only enough to reach a ROI.
i think he made right thing.we had the opportunity but we didnt try but definately he will buy bitcoin again and there are many big person like him also didnt sell btc at peak.just i can say btc will make new ATH just hold.
What else is there to think about. We already clearly see that selling Bitcoin for $ 19,000-20000 was very reasonable. Since, I think, investors learn from their mistakes or those of others, later on, as soon as the price of Bitcoin starts to grow for a certain time, it will immediately fall, as many will already try to fix their profits this time. In this regard, in the near future we should not expect too much growth in the cryptocurrency market, as it was at the end of 2017.
What insider info? The fall at 20000 wasn't started by some news an insider could have. There were no negative news at the time. I also don't think that he sold exactly at 20000. In most exchanges the price never reached that price. On Bitstamp the peak was at 19600. The level where the price was just below the top at 18000 can also be considered top and I think most people who now way they sold at the top have in mind everything at and above 17000 dollars.
Apple's Wozniak said he sold all his BTC when it hit $20k because he didn't want the constant stress of watching the price movement.
The cynic in me feels he maybe had access to insider info
https://cryptomenow.com/wozniak-part-of-my-happiness-is-to-live-without-worries-sold-his-bitcoins-at-the-peak/
Insider info on what? Some people expected the price to fall, others didn't. Or is it another conspiracy about the whales agreeing to sell at a certain point of time to dump everyone else? The guy did the right thing, congrats to them. He simply followed the 'buy low, sell high' rule. I didn't, and I lost a lot because of it. I though that the transaction fees were too high, so I did not benefit from great prices and kept watching them falling and falling... Now I made some decisions on how much I sell on regular basis to have something out of it and how much I hold until the price climbs back up. I used to be like Wozniak, not worrying about prices, because I was regularly selling everything I got, and was happy to have what I had. The bull market made me greedy and I got my lesson. The cynic in me feels he maybe had access to insider info
https://cryptomenow.com/wozniak-part-of-my-happiness-is-to-live-without-worries-sold-his-bitcoins-at-the-peak/
What he has done is the right thing. We've missed the opportunity expecting very big growth. By that time the price speculations were to reach $25000-$40000, finally everything happened downwards. Now we're waiting for next bull run while Wozniak will be investing back with the profit earned selling at the peak value of bitcoin.
Assuming that news is true (another article says he disposed years before the ath) by now he have probably invested the money and earned a profit and already have enough to buy in again, if he chooses to.
Why on earth would he be stressed out, he is already a millionaire many times over. At that point extra money doesn't matter, it just becomes numbers on a screen like a video game score. The people that were really affected were those that have a job that depends on crypto prices to stay high.
For one thing, I will never believe that people like Wozniak would tell their real intentions behind their actions, especially to general public. He had millions reasons of his own none of which he is going to share with you and me.
I think he thought of everything in advance, because the person is smart, first bought at a good price, and sold at an even better one, and rested, and got rid of his worries, and now he will probably buy again, because the price for purchases is not at all bad.
My reaction to his proclamation is - prove it.
That's the stupid thing about price peaks. People obsess over them for years afterwards bemoaning how only if they'd sold. It becomes lodged in their mind as if it was some type of platform for everyone in the world to make an orderly exit from if only they could've been bothered to.
When you actually look at the peak it lasts for a few minutes and the volume is 0.000000001% of the weeks before and after.
That's the stupid thing about price peaks. People obsess over them for years afterwards bemoaning how only if they'd sold. It becomes lodged in their mind as if it was some type of platform for everyone in the world to make an orderly exit from if only they could've been bothered to.
When you actually look at the peak it lasts for a few minutes and the volume is 0.000000001% of the weeks before and after.
Exactly my thoughts. I'm pretty sure Wozniak is not just your typical amateur "investor", but what are the actual chances that he actually sold at the very very peak? I mean, it's really possible for him to sold somewhere at the top, but specifically the very top? Now that's questionable; because what are the chances? I was frequently refreshing the prices that day, and I didn't even catch a glimpse of $20k. I'm pretty sure there's a good chance that he claims to have sold at the very peak just for his ego.
Apple's Wozniak said he sold all his BTC when it hit $20k because he didn't want the constant stress of watching the price movement.
The cynic in me feels he maybe had access to insider info
https://cryptomenow.com/wozniak-part-of-my-happiness-is-to-live-without-worries-sold-his-bitcoins-at-the-peak/
The cynic in me feels he maybe had access to insider info
https://cryptomenow.com/wozniak-part-of-my-happiness-is-to-live-without-worries-sold-his-bitcoins-at-the-peak/
Probably his analysis and greed management skill is awesome. There are so many traders who have sold there BTC when it was high and there are many who bought at all time high and are still holding. The information is open to all it is all about the market reading skills.
I think people like Wozniak won't leave bitcoin alone, and when bitcoin gets cheaper, he'll buy it again. When he bought bitcoin, I think he did it for a reason ! He saw this as a great potential for the growth and development of this technology.
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