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February 06, 2016, 02:26:07 PM |
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It's funny to see how some people don't read the thread and go straight into an ignorant reply, talking as if OP had posted this just yesterday. As for what had happened, back in 2011 when the price was at $20 people would have been inclined to sell. Imagine at this time if the price went up to $500, or $600. We would be inclined to sell our Bitcoins, just as much as OP. However, since the community now has developed, our views on Bitcoins are a bit more concrete and the number of people with bearish interests has dwindled since its time in 2011. Suffice to say, a smaller majority of people had high hopes back then, but of course, they weren't in the 1000s range.
Suppose the price does reach $1000 again. Would you sell, like OP? Or would you continue holding? If you had a lot of faith in Bitcoin, you would hold the coins, but I'm assuming that most would sell at least some of their coins. OP's decision wasn't that hard to understand.
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