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by Itsdijital
2418 days ago
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The day after our company Christmas party in 2017 I had to take an uber the next morning to go pick up my car. I was anxious mess like I had been for the last 3 weeks riding the insane wave up on a mish mosh of alt coins. Phone clasped hard in my hand I couldn't go 5 minutes without checking the market. My uber driver, a middle aged black women cheering about her Christmas plans and whole family coming to visit, suddenly breaks off track and excitedly brings up bitcoin. Her and her husband got their account set up and were putting "all their money" into it. "I don't even know what the hell it is but people are making money left and right!" I told her that it was probably a terrible idea. The next day I liquidated all my holdings. I did miss the final run up, but I came out a lot better than most. |
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I remembered after breakfast I had some old stock options that were never worth much and some stock I had been buying via an employee stock plan.
I knew the company stock was doing well so I log in and find that day the stock had jumped a fair amount.
It occurred to me that "I'm never going to see a return like this any other time and I almost forgot this was even here"... so I sold it all.
The stock sold at a penny or two less than the all-time high that it would ever reach.
That was a few months before everything hit the fan with the mortgage crisis.
I like to tell that story about how calling a high or bottom in the market is pretty hard and the only time I ever did it it was because I took the day off on the right day.