The chances that an early Bitcoin investor buys cryptocurrency while it was worth the hundred and that these assets until today to make a billionaire are extremely low, explains a cryptographic trader.
The merchant, known as Techdev, shot the idea that many traders could have kept Bitcoin (BTC) from his first days in a post X on Tuesday, which was seen almost 3.5 million times on the platform.
Most people would not have the conviction to hold
“If I put $ 100 in Bitcoin in 2010, I would now have $ 2.8 billion. No. “They wrote.
The position indicated the brutal Bitcoin corrections in the past 15 years, saying that only someone with a significant conviction could have maintained a bitcoin investment while watching them go from $ 1.7 million, and then fall to $ 170,000, to win $ 110 million, only to review it at $ 18 million.
Although the argument was previously advanced, the techdev post sparked reactions in the cryptography industry just a few weeks after Bitcoin reached a summit of $ 123,100 on July 14.
In the past 13 years, Bitcoin has recorded an annual growth rate made up of 102.79%, according to CURVO data.
While many people say they would be retired today if they had invested early in Bitcoin, many Crypto leaders agreed with Techdev’s point of view on reality that most would not have had the discipline to hold in the long term.
Those who do it are known as “diamond hands”, a cryptographic slang term for investors with high risk tolerance that holds great volatility.
Holding Bitcoin in the long term “easier to say than to do”
The cryptographic entrepreneur Anthony Poseliano echoes a similar feeling. “Everyone thinks that they would have kept the bitcoin of a few cents to billions of dollars,” he said in a post X. “Easier to say.”
Many commentators on the publication of Techdev have recalled that they have spent what would now be thousands or even millions of bitcoin on various purchases or losing access to the old Bitcoin wallets.
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The chief of the Nibiru chain ecosystem Erick Pinos said that an investor must “make a choice every day, not to sell for years”.
Other users argued that many billionaires of Bitcoin today were those who bought early and forgot their assets, returning to their wallets only when the assets started to obtain a wider adoption.
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This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
