In 2011, a junior student once asked on Zhihu, saying he had 6,000 yuan, and what good investment advice could he get?
Science fiction writer Zhang Jia responded: "Buy Bitcoin, keep your wallet file safe, and then forget that you had 6,000 yuan. Check back in five years."
The response was on December 21, 2011, when one BTC was priced at about 4 dollars, and 6,000 yuan could buy around 200.
Today, 13 years later, one BTC is priced at about $60,000, with 200 valued at $12 million, approximately 87 million RMB, close to a small goal.
In over ten years, turning 6,000 yuan into a small goal, I fear that even a feel-good story wouldn’t dare to write it this way.
The return on this investment easily outperforms Buffett, Soros, Simmons, and other investment gods!
Later, someone did find this student, but he claimed he had not bought BTC and said he had no regrets.
Missing out on a billion is not regrettable; this perspective is indeed possible!
I have heard countless similar stories:
"I once bought BTC years ago at xx price, but later sold them all."
"I once had xx BTC, but then I lost them all."
"I've heard about this thing for a long time and always thought it was a scam, so I didn't buy it."
……
If time could be turned back and you could travel back to more than a decade ago, you would surely buy in without hesitation.
But after all, we do not have the eye of God, and cannot predict the future.
Could it be that BTC, like many game currencies, has gone to zero?
After all, Bitcoin back then sounded so unreliable, much like a tulip bubble.
However, if you truly have extraordinary foresight and had invested heavily in BTC back then, could you really guarantee that you would still hold onto it until now?
Let's take a look at the example of the well-known 'Brother 480,000' in the cryptocurrency world.
Ten years ago, on January 28, 2014, a person posted online claiming that he had taken out his family's savings of 480,000 RMB accumulated over 7 or 8 years to buy 100 Bitcoins, intending to make a big profit. He was also humorously referred to as 'Brother 480,000' by netizens.
However, not long after, Bitcoin experienced a sharp decline, dropping from over 8,000 RMB to just over 2,000.
His mother-in-law quarreled with him over this, and his wife threatened him with divorce, forcing him to sell the coins in the middle of the night.
But he remained unmoved, even though the coin price kept falling. At one point, it dropped to less than 1,000 RMB.
Finally, in 2016, after enduring two years of hardship, the Bitcoin market warmed up, and the price rose to over 3,000. This elder brother could no longer hold on and sold all his coins, using the money to buy a house, disappearing from the internet thereafter.
However, just one year later, the price of Bitcoin broke through 140,000 RMB, and 100 Bitcoins were worth 14 million, while at the time he sold them, he only got back 300,000.
What’s even more regrettable is that these 100 Bitcoins are now worth 43 million RMB.
Another story from the same period is about Zhao Changpeng, whom everyone in the cryptocurrency world should know, the founder of a global largest exchange and once the richest Chinese person.
In 2013, Zhao Changpeng sold his house in Shanghai, almost at the same time as 'Brother 480,000', and used the money to buy BTC. However, soon Zhao Changpeng also encountered the same experience; the price of coins began to plummet, halving and then halving again.
Meanwhile, the housing prices in Shanghai during the same period have nearly doubled compared to when he sold, everyone can do the math on how much was lost in this back and forth.
But Zhao Changpeng remained unmoved, which is very similar to 'Brother 480,000'.
But the difference is that Zhao Changpeng has faith in Bitcoin, while Brother 480,000 only sees it as a speculative product that can make money.
And this also determined the gap between them in the end.
Of course, you could also say it’s a gap in understanding.
If the understanding is not in place, even if you tell someone the secrets of wealth, they will ultimately not get rich.
Bitcoin has been around since 2008, and during this time, it has faced countless government crackdowns and declarations of bubble bursts. It has been misunderstood by the world, mocked as a mirage, rat droppings, and Ponzi schemes, with countless experts and scholars telling you that it has no real value.
Similarly, each time Bitcoin transitions between bull and bear markets, the price drops by at least 80% or more.
Only those who can experience so many ups and downs and still hold firm are truly extraordinary.
So in the cryptocurrency world, people often joke, "Hodling coins is harder than being celibate!"
But in the end, Bitcoin did not disappoint every long-term holder.
As the saying goes:
This thing exists in consensus; there has been no shortage of criticism and suppression. Hold on to your beliefs and remain steadfast, do not waste your youth and your beloved.
Just like my personal experience, from losing 8 million to now having over 100 million, achieving financial freedom and a leap in class!
The journey in the cryptocurrency world is long and slow. If you are also a fellow traveler and need to learn methods and techniques with the help of others, you can follow and like to avoid getting lost!
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