Timing is everything in trading. You need to know when to take your gains and when to protect yourself from losses. It isn’t easy – if it was, we’d all be doing it. As with most of the other things in life – some people “feel” it and others don’t.
Steve Wozniak, the legendary co-founder of Apple, seems to be one of those, who are “feeling” it. The Business Insider Nordic recently quoted Wozniak’s comments about his Bitcoin ownership. Wozniak explained that he bought BTC at around $700 to “experiment” with it.
“My goal was to travel to a place like Stockholm, and go to restaurants and hotels that only accept bitcoin, and only use bitcoin when I travel.”
Whatever experiments Wozniak conducted, were finished when BTC reached its all-time high of around $20k near the end of 2017:
“When it shot up high, I said I don’t want to be one of those people who watches and watches it and cares about the number. I don’t want that kind of care in my life […] Part of my happiness is not to have worries, so I sold it all and just got rid of it.”
Looking from a perspective of a 13 months-long bear market, we can congratulate him on recognising a perfect moment to cash-in.
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