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Recently, a rumor in the crypto world has attracted widespread follow: someone has stored 10,000 Bitcoins in each Wallet, totaling 80,000, and has held them ever since. This news inevitably makes one ponder, what kind of person could have acquired such a quantity at the dawn of Bitcoin and maintained unwavering faith for more than a decade?
Since 2011, Bitcoin has experienced countless ups and downs. During this time, holders have faced not only the challenges of market fluctuations but also various challenges in life. Imagine if you owned 80,000 Bitcoins; after experiencing multiple rounds of severe price volatility, could you still hold on until now?
In real life, I have a friend who bought more than 50 Bitcoins in 2016, with an average price of about 500 dollars at that time. However, when the price doubled, he sold them all. The reason is simple: he urgently needed funds and was uncertain about the future of crypto assets, worried that the price would drop. Now, whenever he thinks of this matter, he is filled with regret.
This real-life example shows us that holding Crypto Assets for the long term requires strong willpower and firm belief in the future. That legendary holder of 80,000 Bits must be a very special individual. They may have a deep understanding of Bitcoin's technology and philosophy, and they may also possess sufficient financial strength to withstand the pressure from market fluctuations.
Regardless, this story provides us with a perspective to think about: how important it is to stick to our own judgment and beliefs in the investment world. At the same time, it also reminds us that when making significant investment decisions, we need to comprehensively consider our own financial situation, risk tolerance, and the long-term outlook of the projects we invest in.
For ordinary investors, this legendary story may be difficult to replicate, but we can learn valuable lessons from it: maintain rationality, conduct thorough research, and clarify your investment goals and strategies. In a highly volatile market like Crypto Assets, these principles are particularly important.