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In 2013, China's government declared Bitcoin to be illegal, and Bitcoin crashed from $1,200 to $425. I figured that it would be impossible for Bitcoin to succeed if China outlawed it, so I sold my Bitcoins at $425. I think I was the low trade. Now Bitcoin is at more than ten times that level. Let that story inform your decision making now.

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Why would anyone base their decision off one anecdotal piece of evidence from a rando on HN?

P.S. I sold the 10 bitcoins I mined at $5 (got a $50 amazon gift card). Woulda, coulda, shoulda, e.g., "I should have bought AAPL at $XX".. etc. I don't lose any sleep over those type of situations anymore.

Low trade was $220, and I think that price was late 2015. There was plenty of time to get back in.

There might have been plenty of time, but no apparent reason at the time. You can be perfectly rational and wrong.

The moral of the story is not whether I sold at the low or when the low was, or whether there was time to get back in, or when I did get back in. The moral of the story is that one nation's policy is not sufficient to derail bitcoin.

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