Tesla Short Shorts now available for purchase. Price is $69.420

[ponyo]

It went to about $20K, and then tanked HARD to around $3K. It's crawled back to around 11K now.

Personally, I would have rather sold some at $20K than be caught holding the bag when the price dropped over 75%.

With your paper hands, no way you would've made it close to holding til $20k. You would've sold it all at the first sign of profit when bitcoin was worth $1 or $2. People looking from the outside have no idea what kind of mental strength is required to have diamond hands and not sell or get shaken out when prices start moving up and down by large amount. Not too many people here know what it's like to make or lose a million dollars in a single day. Or even hundreds of thousand dollars a day. And how severely it fucks with your mind. The pressure to sell and to cut losses or lock in the profit is unreal. Most people are too weak mentally to be able to cope and deal with it. Which is why they sell.

 

[ultimatebob]

With your paper hands, no way you would've made it close to holding til $20k. You would've sold it all at the first sign of profit when bitcoin was worth $1 or $2. People looking from the outside have no idea what kind of mental strength is required to have diamond hands and not sell or get shaken out when prices start moving up and down by large amount. Not too many people here know what it's like to make or lose a million dollars in a single day. Or even hundreds of thousand dollars a day. And how severely it fucks with your mind. The pressure to sell and to cut losses or lock in the profit is unreal. Most people are too weak mentally to be able to cope.

I never had a meaningful amount of Bitcoin (I think that I had about 2/3rd's of 1 coin at the time when you could still mine it with a video card), and I sold it back when they were about $75 each. I bought a fancy flashlight with it... which I often referred to as my "$15,000 flashlight" until it broke. Piece of junk.

I'm along for the ride on TSLA, though. I already sold half of my stake after doubling my money, so I'm not going to lose a dime of my retirement fund money no matter which way it goes. But, yeah, I'm expecting the bubble to burst soon and for the price to go to a more sane valuation before going back up.