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If you had 5000 BTC in 2010, you would have witnessed a significant surge in value when the price skyrocketed to over $30 during the massive bull market in June 2011. Overnight, your assets, which were once worthless, multiplied by 30 times! Your initial investment of $5000 suddenly turned into $150,000! Just the day before, you might have thought of this thing as just a game currency. Now, would you resist the temptation to quickly sell and profit from it? Most people certainly couldn't resist the temptation to cash out and improve their lives.
After reaching the peak and rapidly declining to around $20, you sold off 90% of your holdings, 4500 BTC, for a profit of $90,000. With this profit, you bought the BMW car you had long dreamed of. The return on investment was 17 times. You were smart enough to even keep 10% of your holdings, 500 BTC, for the future.
As expected, the market quickly plummeted. By the end of 2011, in just six months, it had dropped back to $2. You were proud of yourself for selling early, or else you would have missed out on your beloved BMW car.
The remaining 500 BTC you had was now worth only $1000. It was insignificant to you, so you just left it there, forgotten.
Time flies. In late 2013, you suddenly saw reports in the media that BTC had not only survived but surged to $1200! The 500 BTC you had almost forgotten about was now worth $600,000!
You quickly rushed home, rummaged through your belongings, and found the book where you had copied the private key years ago from the depths of your closet. You updated the latest version of the client, entered the private key, and found that the 500 BTC was still there! You breathed a sigh of relief.
Seeing that the market was about to crash again, now back to around $1000, you quickly sold off 450 BTC on the exchange, making a profit of $450,000. You kept 50 BTC. With $450,000, you bought a summer house in the countryside.
As expected, the market crashed again by the end of 2014, falling back to around $200. The remaining 50 BTC you had was now only worth $10,000. It was negligible. You locked it away in a box again.
Time flew by. In late 2017, you once again heard explosive news from friends that BTC had soared to nearly $20,000! It was unbelievable!
You happened to want to upgrade your house. So you once again found your BTC. This time you sold 45 BTC, making a profit of $800,000. You were left with 5 BTC.
You moved into your new home.
Shortly after moving into the new house, by the end of 2018, BTC fell back to $3000. The 5 BTC shrank to $15,000.
You thanked BTC. With its help, you had improved your life several times!
As for those 5 BTC, you decided to keep them as a souvenir. Over the years, BTC had gone from less than $1 to nearly $20,000. It was crazy and unbelievable.
You were somewhat familiar with the product life cycle theory: every product goes through four stages - introduction, growth, maturity, and decline.
The explosion in 2011 was the introduction stage. The surge in 2013 was the growth stage. The surge in 2017, you thought, might be the maturity stage for BTC. So what comes next should be the decline stage, right?
You had already made too much profit from BTC early on. You didn't expect it to develop any further. You even felt it should start to decline.
So you once again put it out of your mind. Until 2021, when your wife asked if you still had some BTC — because she saw on TV that BTC had risen to $60,000 per coin!
It seemed that BTC was not declining but growing even more. You decided to sell all your BTC. Because you saw a big double top in 2021, it looked like this time it was really the top of the big cycle, and the next step was a complete reversal into decline.
In the end, you decided to keep 0.5 BTC as a tribute to Satoshi Nakamoto.
You sold 4.5 BTC for around $50,000 each, making a profit of $225,000. It was just enough to ease the pressure of your children's college tuition.
By 2024, when BTC returned to $60,000 and reached a historical high of $75,000, you, who once had 5000 BTC, now only had 0.5 BTC left.
If you had held onto those 5000 BTC until now, it would be worth about $320 million (based on the current price of $64k). But in reality, you only kept 0.5 BTC, worth $32,000.
You said you didn't feel regretful because over the years, with cars, houses, and children's expenses, you had benefited a lot from BTC.
But every time you thought back to the 5000 BTC you once held, your mind would suddenly go blank, not knowing what to think. |
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Post time 5-4-2024 17:34:49