So in the end, I was early. But my fear of government intervention cost me the opportunity to achieve wealth beyond my wildest dreams. I see things differently now. I take risks.
That is a good way of thinking, instead of sulking because you have missed a huge opportunity, you choose to take action and face your fears. Although you missed being a pioneer who accumulated Bitcoin due to fear, it is still not too late for the market of Bitcoin is still booming. Bitcoin is relatively a very young industry with just a decade and a half presence in the market so it is not too late for your action, Bitcoin mining has been intended for more than a century and we are just 15+ years from the starting point so you still have lots of time to use your skill to earn and accumulate Bitcoin.
I still think very few holders from the early days have held on until now, maybe one or two who have thousands of bitcoins or simply forgot they exist. But think about it: you saw the coin at $0.01, and when it reached $100, $1,000, or even $10,000, its really hard not to sell and just go live your life. Being able to fulfill short-term dreams is very tempting when you witness a price explosion like Bitcoin had. Even people who came later, who bought Bitcoin at $1,000, seeing it now at $100,000 is something that could easily make someone sell.
There is no wrong in taking profit, if that is the person's target price then it is fine since I believe they are happy with the profit. But smart people do sell and re-accumulate when the price of Bitcoin is cheaper. So whether they sold it early for profit or not, what matters is to repurchase BTC when the price is much lower if one wanted to take advantage of the Bitcoin market fluctuation.
