Crypto veterans all know 'Brother 480,000'. This guy did something drastic: In January 2014, he took the 480,000 he and his wife saved for seven or eight years to buy a house and bought 100 Bitcoins (about 4,800 yuan each at that time).
He also started a thread on Baidu's Bitcoin forum to live stream, titled 'I bought 100 Bitcoins for 480,000', saying he wanted to 'turn the down payment into full payment and earn some money for a car.'
The post became popular, and the forum users reacted explosively: some called him a warrior, some cursed him as a fool, others said he was a leek, and some called him a whale.
The days of suffering have begun:
The price of coins went on a roller coaster: Just a few days after buying, Bitcoin started to jump up and down. Today it rose to over 5,000, and tomorrow it dropped back to over 4,000. He updated in the post: 'It dropped today, but I believe it will come back... It rose a bit today, but I believe it can go higher... It dropped again today, but I'm still not selling...' You can see he was holding on, firmly believing that Bitcoin would surge.
Family pressure is immense: Worse still, he didn't dare to tell his wife that the money was used to buy coins, instead telling her it was saved. Every time his wife brought up buying a house, he felt like he was 'going to die'; looking at his daughter made him 'want to cry'. He felt guilty toward his family, under immense pressure.
The collapse before dawn:
At the end of April 2014, Bitcoin fell to over 4,200 again. After nearly four months of holding on, he finally couldn't take it anymore and said in a post: 'I have no confidence, I feel like I have failed.' Then, on May 6, the posts suddenly stopped, and he disappeared.
The most heartbreaking ending:
Brother 480,000 never appeared again. No one knows why he disappeared—was it a liquidation? Did his wife find out? Or something else? But one thing is certain: he sold at Bitcoin's historical bottom!
Not long after he disappeared, Bitcoin slowly began to climb out of the deep pit. Years later, a monumental bull market arrived, with prices soaring to tens of thousands, hundreds of thousands of dollars…
Let's do the math:
The 100 coins he bought for 480,000.
If he really could 'hold on' as he said, even if he held until the end of the 2017 bull market (nearly 20,000 dollars each), it would be worth nearly 14 million yuan.
If he held until the peak in 2021 (nearly 70,000 dollars each), it would be worth nearly 50 million yuan.
If he held until now (assuming 60,000 dollars), it would also be worth over 40 million yuan.
Unfortunately, there are no 'ifs'.
He sold 100 coins, bought with his family's hope, at the lowest point. He missed the chance to change the fate of several generations and became the most famous tragic figure in the crypto world, 'falling before dawn.'
The story of Brother 480,000 is very cruel, but also very real. It tells you:
Holding on is so difficult: The plummet of real money, combined with the pressures of life, can drive a person insane. It's not just about shouting 'faith' to endure.
The information gap is deadly: At that time, he didn't understand the crypto world well; it felt more like a gamble. Lack of awareness made it impossible to hold.
Investing spare money is a hard rule: Using emergency fund, house money, or retirement savings as all-in will definitely lead to a mental breakdown. Under pressure, it's impossible to make rational decisions.
A lonely journey: Family doesn't support or even know; bearing it alone makes it easier to collapse.
The biggest cost is 'missing out': Liquidation is painful, but it's even more painful to sell off future billions because you couldn't withstand the fluctuations right before a super bull market.
Brother 480,000's story has no miraculous turnaround. It is the choice made by an ordinary person under huge temptation and pressure, and the irreparable regret brought by that choice. Every time Bitcoin crashes or surges, someone thinks of him: What if he hadn't sold back then? How would things be now?
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