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by jimmyvalmer 1957 days ago
> at one point would be just north of 100 million USD

What a fatuous remark! It's one thing to have junked a painting that turned out to be a Rembrandt, or let your one true love "get away."

It's another utterly banal thing to have closed a market position in a liquid commodity. Your having closed it in 2013 is just as unremarkable as your "losing out" on any number of bets you could make *today* which would result in 100M in profit a year or even an hour from now.

1 comments

This is a good way of looking at it. I had ample opportunity to buy GOOG and AMZN early on. After all, I had a brokerage account, and I followed those stocks. I bought LVS at the absolute bottom, but didn't hold. As for bitcoin, I was mining in 2011. But then I soon decided mining wasn't worthwhile. I could look at it like, so close but no cigar. But really, none of those decisions were wrong or stupid. Hindsight isn't just 20/20. It's useless.
The way you retrospect about past positions suggests a general misunderstanding of the nature of market exposure. Noobs like OP have an irrational notion that it's somehow a "feat" to have taken on a btc position as if only a chosen few were given the opportunity to do so. It's a lot like telling your buddies "There was this hot flight attendant, and I almost asked her out." Almost doing it = Not doing it.
I think his situation is I asked the hot flight attendant out and she said yes and she was the love of my life and I dumped her. And she just invited me to her wedding.