[petercooper]

I probably should've taken the time to mine some back when my friends were doing it and tried convincing me too. Ah well.

The thing I keep telling myself is if I'd mined even 1000 bitcoins (which was viable at the time I first learnt about it) I'd have totally sold out at $10.. there is zero chance I would have made it to $1000 :-D

[bbarn]

I sold my 200 at 40. Something for nothing, right?

/facepalm

[abledon]

not sure if not ever mining/buying, or doing the above would be more frustrating haha

[coryfklein]

It doesn't have to be all or nothing. The proper strategy would be to sell a percentage at $10.

In fact, if you started in 2011 with 1000 BTC and every year you sold 50% then today you'd have (by my rough calculations):

8 BTC (worth about $50k)

$160k USD

Of course it's not the millions you'd have if you just held each time, but for many that is a life changing amount of money and you would have obtained it in a responsible manner that doesn't just rely on the value of Bitcoin shooting to the moon.