“..The whale who bought bitcoin in 2011 and finally realized $9 billion in
profit a couple weeks ago caused an outpouring of people seriously entertaining
the thought, “if only I had put $100 in Bitcoin in 2010 to today I’d be a
billionaire too.” If you or anyone you know has done this, you must read this
post. It hammers home how you definitely wouldn’t have! That whale was an
outlier. - David S.
-----------------
“If I put $100 in Bitcoin in 2010 I’d have $2.8B now.”
No.
If you
bought $100 of Bitcoin in 2010 and watched it go to:
$1k →
$100k → $1.7M
and did
nothing
Then
watched $1.7M go to $170k
and
still did nothing
Then
watched $170k go to $110M
and
still did nothing
Then
watched $110M wither to $18M
and
still did nothing
Then
watched $18M surge to $390M
and
still did nothing
Then
watched $390M deteriorate to $85M
Then
watched $85M climb to $1.6B
and
still did nothing
Then
watched $1.6B shrink to $390M
and
still did nothing
Then
watched $390M surge to $2.8B
and then
for some reason finally decided to do something…
Then
yes, $100 in 2010 would be worth $2.8B today.
Source: https://x.com/TechDev_52/status/1952428468651651399
NB: Great returns are usually made in hindsight. Making historically colossal
profits is theoretically possible, but in practice, it is an extremely difficult
thing, owing to complex psychological issues. One of the factors which are mandatory
for long-term, unbelievably big profit is an unending patience, which is absent
in the DNA of majority of inhabitants of this planet. How many of us could have
bought Bitcoin since 2010 and held it until now, without selling part of it or
liquidating all, in the face of recent crashes, crypto winters, naysayers,
prophets of dooms and resistance from world leaders?
