Wozniak Sold his BTC at the height of the bull run - page 2.

Yaunfitda

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Quote from: Peashooter on January 30, 2019, 09:15:36 AM

Quote from: Samyalson on January 29, 2019, 03:01:21 PM

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/

It actually depends on the person and nothing is wrong with it since its his choice, our opinion doesn't matter because at the end he will be the one who will make the choice. Most of us are stress by just looking at the price, no one can determine when it will rise so its frustrating but if you have long patience then you can easily handle things like this and if you your own strategy when things like this happens.

Right, everyone has the right to do with their bitcoin anyways, whether it's Steve or an average Joe like the rest of us. He also doesn't need to prove it.

Also remember that he reported losing 7 BTC to a scammer, https://www.ccn.com/apple-co-founder-steve-wozniak-lost-7-btc-to-scam-artist-with-stolen-credit-card/. So maybe he really dumps it to cover what he has lost.

ralle14

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Quote from: avikz on January 29, 2019, 03:23:16 PM

It's not just Wozniak only, a lot of commoners like us have sold their holding at the peak of its price and booked their profit.

True, I did sell my Bitcoins when the price was at the $15k~ and for the price to fall down that sharp we can easily tell that it's not just him that dumped.

Quote from: dewildance on January 29, 2019, 03:31:43 PM

I think he is lying to us. I don't believe his words. Why did he announce that he already sold his Bitcoin when its ATH?

At least, he could be honest with us.

It's his past experience that's why he's sharing it to us. If he sold his Bitcoin now would you believe that he'd do it? Even if he's honest people would still doubt him. Anyone can share their experience but you can't convince every single person.

cryptjh

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Quote from: gentlemand on January 29, 2019, 04:51:20 PM

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.

I'm also surprise to see so many people sold right at the peak. My guess are that he sold in the first 5 weeks after we got to the all time high, and that would have give him a very nice profit also.

Peashooter

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Quote from: Samyalson on January 29, 2019, 03:01:21 PM

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/

It actually depends on the person and nothing is wrong with it since its his choice, our opinion doesn't matter because at the end he will be the one who will make the choice. Most of us are stress by just looking at the price, no one can determine when it will rise so its frustrating but if you have long patience then you can easily handle things like this and if you your own strategy when things like this happens.

Herbert2020

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this news like many other news that we have read about Steve Wozniak is most probably pure bullshit. and looking at the source of this news, the site is known for posting a lot of bullshit clickbaits and OP is known for shilling for them. so my assumption is going to be pure bullshit news unless proven otherwise.

the thing is, for the past 2 years the media has been using Wozniak as a source of fake news. we have heard things from him losing all his bitcoins to thieves, to him being a whale and accumulating bitcoin. the reality is that he only showed interest in bitcoin and claimed he owns some bitcoin and sold some in 2017 when price started rising from $900, probably sold around $2000-$5000. nothing else.

peter0425

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What's the point though? I mean obviously, anyone with the right mindset could easily dump their coins at the dump, so Wozniak is no exceptions. Maybe the questions is did he bought it back? Specially at the current price levels, it's too inviting specially if you have lots of money to spare and understand the risk in being in crypto.

fortunecrypto

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Quote from: Samyalson on January 29, 2019, 03:01:21 PM

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 guy is so lucky to have sold it at the right time he has more than $1900 profit for every bitcoin he purchased at the $700 price, while others are crying for not selling at that peak, he can now enjoy his profit but I'm pretty sure he is also buying now, for future profit again.

gentlemand

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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.

Yoo

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What do you mean by insider ? Have you ever gotten information from insider ? does anyone know about an insider and have found it ?

Steve Wozniak sells all his Bitcoin because he feels pressured and wants to live a stress free life and doesn't need to worry about the price. That's the reason he sells all the Bitcoin he has. And incidentally he has sold Bitcoin at the highest price.

coinwizard_

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He appears to be a better judge of bitcoin than tommy lee or john mcafee. I bet after this he will get significantly more followers on this twitter account. When he says buy now, the whole crypto community will follow suit

HiDevin

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so.. hru?

He most likely sold near all time high, but not at all time high because with the amount of bitcoin he had ( assuming he was a whale ) he probably crashed the price down to 10-14k by selling it all.
All the people was just speculate the price on being higher but no one was actually buying bitcoin at the time, which made the price fall.
There isn't really insider info for bitcoin, it's probably a group of whales banded together to pump and dump the coin but that's just a consipracy

sunsilk

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Too many of these well known folks sold at the height of all time high. I don't know if they really had an insider info(is there's any?), there's also an incident that Charlie Lee sold at the height when he sold most of his Litecoin's because of some issues but that means he dumped.

Quote from: dewildance on January 29, 2019, 03:31:43 PM

I think he is lying to us. I don't believe his words. Why did he announce that he already sold his Bitcoin when its ATH?

At least, he could be honest with us.

Lying or not we can't remove the reality that many of them sold at the days of all time high's. That's how the market works, when they are already on the profit why would they won't take profit with it?

100bitcoin

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Quote from: Samyalson on January 29, 2019, 03:01:21 PM

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/

LoLz. There is no insider. Everything is out in the open.

dewildance

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Quote from: Samyalson on January 29, 2019, 03:01:21 PM

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 think he is lying to us. I don't believe his words. Why did he announce that he already sold his Bitcoin when its ATH?

At least, he could be honest with us.

mahibul49

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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.

avikz

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Quote from: Samyalson on January 29, 2019, 03:01:21 PM

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/

It's not just Wozniak only, a lot of commoners like us have sold their holding at the peak of its price and booked their profit. Insider information is only valid for companies or entities with centralized framework. What kind of insider information you are referring to?

If a very known face says that bitcoin will reach 25k by the end of 2019, will you consider it as an insider information or should it be considered as a speculation?

romero121

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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.

cryptomaster420

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He basically reiterated "be greedy when others are fearful and fearful when people are greedy".
Instead of becoming fearful, he became annoyed at the constant price following.
But he did the Buffet thing, so yeah, he made the right call, good on him.

Samyalson

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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/

Topic: Wozniak Sold his BTC at the height of the bull run - page 2. (Read 469 times)