In 2018, BTC fell 82% to $3,000, but he bought 5 BTC

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18 Jan 2024

At the regular meeting at the beginning of the month, I listened to the big boss’s sharing on the crypto market and was filled with emotion.
The big boss has been working in the Internet for 20 years and has come into contact with many industry leaders, including Li Lin and Du Jun in the currency circle. At that time, they were still called him eldest brother.
When Huobi was first established in 2013, they came to our company for promotion. At that time, the company organized an Internet conference, and Huobi also sponsored BTC and distributed 500 vouchers worth 0.1 BTC at the venue.
It’s just that most people didn’t participate, and the coupons they got were thrown away as advertisements.
After that, the encryption market continued to develop, and Huobi once became the world’s top trading platform. Li Lin became a big boss in the currency circle, and he no longer had any in-depth communication with my big boss.
At that time, the company’s business was pretty good, so we didn’t take the time to pay attention to the emerging encryption market; we looked down on it, didn’t study it, and naturally we couldn’t understand it.
Later, he paid attention again in 2018, and it had missed the 5-year golden period; when he entered the market again in 2021, he became a new wave of leeks.
BTC price fluctuations over the past 10 years
The big boss also has a friend who didn’t make much money by doing the Internet at that time. It was not until a few years ago that he started to build mining machines and caught the last wave of market prices. Then he started to hoard BTC.
Now he has 400 BTC in his wallet, which is worth hundreds of millions. Rich man.
This friend doesn’t invest much now and earns millions every day. Look at the landscape, spend time with his family, pay attention to the latest trends, wait until the price rises again and then sell some, he will be a winner in life.
The big boss lamented that he had heard about blockchain in 2013, but had not invested in it. Now he can only envy others.
When his friend recommended BTC to him, he was still questioning what BTC was, what its value was, and what means whitepaper;
And his friend said that BTC has been upgraded to 2.0 and 3.0. Are you still worried about this? Put it in first and then think about it.
BTC current price is $35,000
There is a group friend who started paying attention to the encryption market after listening to a friend’s introduction in 2018.
That year, the price of BTC fell to US$3,000, so he bought 5 BTC with his friends and kept them in a cold wallet until now.
Although this friend didn’t understand it in depth, he was an activist. He bought BTC instead of other altcoins, and he was able to hold on to it.
At the end of the last bull market, many people chose the EOS and no longer believed in cryptocurrencies.
According to the exchange rate in 2018, he invested $20,000 at that time, and he was someone who dared to invest! The current BTC price is 35k, which has increased 11 times to $175,000.
No operation, just making money.
He said that he was a novice and wanted to ask me for advice on how to play web3, but the 5 BTC in his wallet already showed his strength.
In 2018, the price of BTC dropped from 17,000 to 3,000, a drop of 82%.
There is another group member who currently holds ten BTC, with a single cost of 37k.
Last year, the real estate recession started and the real economy went down, so he switched to the crypto market. Now he hold BTC. Although he am trapped, he was still a little lucky. Because the current liquidity of the house is not as good as BTC, he feel relieved instantly.
Another offline friend, the economy was good in the past two years, and he invested in two houses. He did not expect the market to change so quickly. Now he cannot sell them, and he is stuck and has to pay off the mortgage. Comparatively, it is sad.
BTC from 16k to 35k in 2023
When Xiaomi was still very prosperous, Lei Jun once said that if you stand on the wind, even a pig can take off.
Those who are more powerful do not necessarily have stronger technical abilities, but they did something at that time, and then there was a fork in their lives.
Look at the friends who are working together around us. In five years, someone will definitely stand out. It’s just in which aspect he works harder today, or which track he chooses, or he insists on doing something.
What we can grasp now is the present moment, expand our knowledge, do not exclude new things, understand first before drawing conclusions, and opportunities are also contained therein.
Put your time in a valuable place, try first and then get the results. If you go in the right direction, you will become the winner and the story. If you go in the wrong direction, you will just experience and talk about it.
The above is just my personal opinion, no investment advice. I am CryptoLola, and I am paying attention to the encryption market and web3.

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