People that succeed in every investment, make's the highest Risk that ordinary people on a good day won't.
Success in every investment needs you to do your due diligence before investing , and I think that's one of the things the CEO have done.
Today the success he has attained in Bitcoin today can only be imagined, however the good thing is, as at when the opportunity came, he had the money to invest. This story also exalt us to avoid people of small minds around us as they could discourage us from attaining a height we are supposed to in the future.
Topic: Bitcoin whales took high risks, while studying price movement in the past - page 2. (Read 252 times)
July 07, 2023, 12:53:52 PM
July 07, 2023, 12:49:13 PM
Going by the storyline, it's obvious the CEO has a foresight. He must have done his research very well to have invested in BTC confidently as at that time 2013.
When we wants to make certain decisions in life mostly those that would affect our future we need not seek validations from third parties but rather be independent in making decisions particularly financial decisions like this cause their views can be discouraging and frustrating which is exactly what the CEO associates were trying to do but good for him he gave a deaf ears.
When we wants to make certain decisions in life mostly those that would affect our future we need not seek validations from third parties but rather be independent in making decisions particularly financial decisions like this cause their views can be discouraging and frustrating which is exactly what the CEO associates were trying to do but good for him he gave a deaf ears.
July 07, 2023, 11:37:07 AM
It is interesting to read this. A shame that more people weren’t sounding this alarm back then. It does sort of show why the market went so crazy so suddenly. I think we may see one final adoption wave to push up the price like that when spot ETFs are introduced to the market, which will push early buys like this into the stratosphere.
July 07, 2023, 11:15:20 AM
he didn't care about what his associates take on his decision, after doing his research he didn't hesitate about investing into bitcoin, he was sure that bitcoin will give him a good return. I've read many members complaining about being discouraged by closed friends or associates, it signifies that the person carried a low quality research on bitcoin.
It's always good to get other people's opinion but at the same time, who are these people? What type of knowledge do they have? If you want to buy bitcoin and then you change your mind because your friend, who by the way does nothing with his life, tells you not to do it because once he read that criminals use it and that is enough to make you change your mind, well, maybe at the end you didn't do your research at all otherwise you would just buy. 
July 07, 2023, 10:02:49 AM
What astonished me in his message was how careless he was when mentioning his willingness to acquire 30 000 BTC in person. It seems that people that days where not so much concerned about privacy and paid zero attention to the potential " $5 dollar wrench attack".
It is hard to expect that such kind of messaging could appear these days, especially when people have witnessed breath-taking heights of Bitcoin.
It is hard to expect that such kind of messaging could appear these days, especially when people have witnessed breath-taking heights of Bitcoin.
July 07, 2023, 09:54:15 AM
Investing in value when something has no value is a high-risk investment and is considered a risk if you do not have a convincing reason to invest and you diversify your investments so that the loss of that investment does not affect your investment portfolio, but capital is cowardly and nothing will take such a bold risk.
To simplify it for you, the price of Monero is 151.52EUR, so if you have 50,000 Euros, will you invest in Monero, After all the bad news about that CEXs have removed it and that the countries do not want it? This is exactly what was happening to Bitcoin in 2013, everyone thought it was a currency of the dark web and you had to do something illegal to buy it.
When a new technology is born, it faces with many uncertainties, challenges to survive and it is hard to believe that it will grow up and exist with time.To simplify it for you, the price of Monero is 151.52EUR, so if you have 50,000 Euros, will you invest in Monero, After all the bad news about that CEXs have removed it and that the countries do not want it? This is exactly what was happening to Bitcoin in 2013, everyone thought it was a currency of the dark web and you had to do something illegal to buy it.
Especially Bitcoin relates to finance so it is attacked more by news, fud and even with higher levels of attack, governmental attacks. It is hard to control your minds if in 2013, you woke up and read news like China wanted to ban Bitcoin mining next month. Nowadays we know it is fud as it has been used many times and Bitcoin was not die, Bitcoin mining still exists in China but in 2013, such fud would like a bomb to kill mentally weak investors.
Many top altcoins were dead and if I did similar investment like Dan, I already lost money in those top dead altcoins.
https://coinmarketcap.com/historical/
July 07, 2023, 09:23:42 AM
Investing in value when something has no value is a high-risk investment and is considered a risk if you do not have a convincing reason to invest and you diversify your investments so that the loss of that investment does not affect your investment portfolio, but capital is cowardly and nothing will take such a bold risk.
To simplify it for you, the price of Monero is 151.52EUR, so if you have 50,000 Euros, will you invest in Monero, After all the bad news about that CEXs have removed it and that the countries do not want it? This is exactly what was happening to Bitcoin in 2013, everyone thought it was a currency of the dark web and you had to do something illegal to buy it.
To simplify it for you, the price of Monero is 151.52EUR, so if you have 50,000 Euros, will you invest in Monero, After all the bad news about that CEXs have removed it and that the countries do not want it? This is exactly what was happening to Bitcoin in 2013, everyone thought it was a currency of the dark web and you had to do something illegal to buy it.
July 07, 2023, 08:50:35 AM
In 2013, Bitcoin was more easily dead than in 2023 but it was stronger and less likely dead than in 2010 or 2011. Dan Morehead took risk with his investment too but he was brave with that decision. You can call he is smart too but that decision is surely not zero risk.
I searched to see how much his wealth is now but could not get that information. I also wondered that the capital he used to by those bitcoins in 2013 accounts for how many percent of his all capital in that year. I guesed he did not use all his capital in 2013 to buy bitcoins.
I searched to see how much his wealth is now but could not get that information. I also wondered that the capital he used to by those bitcoins in 2013 accounts for how many percent of his all capital in that year. I guesed he did not use all his capital in 2013 to buy bitcoins.
July 07, 2023, 08:47:22 AM
This is really a big leap of faith. It's like you're the only one walking in the darkness without knowing when you'll see the light. I think we're also like him but we're not as big as him of course. Buying bitcoin certain is a risk and that decision can be influenced by the people that surrounds you. Just like him, there were for sure people that have discouraged him that it's a crazy decision. And like us, we're probably in the same situation where even our family don't believe us with what we've discovered and that's bitcoin. That's it, this is another encouragement for those that are thinking back forward whether they should buy or not. But the key thing here is still all about research and knowing what you're about to buy.
July 07, 2023, 08:46:07 AM
~snip~
That’s the courage he had which we don’t see in any investors these days.
That’s the courage he had which we don’t see in any investors these days.
I would disagree with that statement, because Saylor has bought more than 150 000 BTC since 2020, and I'm sure there are a lot of those who do it without such data appearing in public. I think it's more courageous to buy BTC worth a few billion today than to invest $2 million 10 years ago.
July 07, 2023, 08:43:37 AM
Usually, ordinary people like you and me do not have that capacity or the tools at our hand to be making a big, strong and unchangeable decision on matters of cryptocurrency specially Bitcoin. This is the reason why, early people who got into Bitcoin never imagined that one day BTC will be reaching the prices that it got into now. I myself sold my BTC at $3000 but this was to personal needs...but I also lost some due to scam-type Ponzi schemes which adopted BTC as one of their payment schemes. People who received BTC via faucets when Bitcoin was just starting were very lucky but then again many of them sold what they got when the price started to rise up. Well, this is human nature, anyway.
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July 07, 2023, 08:40:33 AM
This indeed is very encouraging if I should say at the least, those who knew about bitcoin in it's early days were so opportuned, but it's rather unfortunate that not very many of them seized or used the opportunity judiciously to their financial advantage, many a times, I still regret not being opportuned to buy bitcoin in late 2015 when I first discovered it, simply because I had not the financial means, and besides, who even thought that bitcoin will grow to become as expensive as it is today?
The truth, like op have said, we all have the opportunity to invest in bitcoin, though we cant really compare the bitcoin of today to the bitcoin of the good old days, but then, bitcoin remains the only true and most trusted crypto currency, that alone should mean alot to those who understands.
The truth, like op have said, we all have the opportunity to invest in bitcoin, though we cant really compare the bitcoin of today to the bitcoin of the good old days, but then, bitcoin remains the only true and most trusted crypto currency, that alone should mean alot to those who understands.
July 07, 2023, 08:25:42 AM
Dan was really good man. He had it straight and wanted everyone to be involved because he saw great opportunities in the Bitcoin already. I can see already how he might have been in his cabin, looking at the bitcoin prices and seeing it’s price is too high (at that time) but yet he went into it anyhow. That’s the courage he had which we don’t see in any investors these days.
If there is any opportunity today then it’s just anytime now. The more we wait the more we are going to miss it all the time. Whether it is Dan’s $65 per bitcoin back in time or whether it is $30k in today’s date it’s anyway matches the economic growth.
Just keep buying guys and HODL.
If there is any opportunity today then it’s just anytime now. The more we wait the more we are going to miss it all the time. Whether it is Dan’s $65 per bitcoin back in time or whether it is $30k in today’s date it’s anyway matches the economic growth.
Just keep buying guys and HODL.
July 07, 2023, 08:24:08 AM
Who said the life of a whale is easy? Either it is a Bitcoin whale or an ocean whale. Both have to face difficulties to become a whale. Amid that, many news outlets had indicated a connection between them. The point is, everyone was once a trader or just an enthusiast in BTC and to become a whale they definitely had to sacrifice a big mindset which is set by friends' and families' points and statements.
But you mention high risk in the title while around 2013 the future of BTC was clear and I do not know how much knowledge does this person had at that time. But, without knowledge, no one could become a whale. Means to say, the risk factor might not be that high for this person. Well it's just an assumption.
But you mention high risk in the title while around 2013 the future of BTC was clear and I do not know how much knowledge does this person had at that time. But, without knowledge, no one could become a whale. Means to say, the risk factor might not be that high for this person. Well it's just an assumption.
July 07, 2023, 08:15:32 AM
I think the people around him would think he was crazy with his 2 million worth of bitcoin purchases. Especially in 2013, at that time bitcoin was not as popular as it is now. He really is a big man. I honestly don't know if his investment is due to his deep understanding of bitcoin or speculation. But whatever the reason behind the purchase, he was successful with his investment
Maybe if I was in that year and holding that much money, I wouldn't have had the courage to make the decision to buy that much bitcoin. But if for example he is a rich person, maybe he deliberately divides his asset instruments into various sectors, one of the digital financial sectors he chooses is bitcoin. If bitcoin failed, maybe his name was lost in history, but bitcoin succeeded, he made a huge profit and his name went down in history. But whatever it was, he was a great guy, made big decisions and he succeeded in his own way
Maybe if I was in that year and holding that much money, I wouldn't have had the courage to make the decision to buy that much bitcoin. But if for example he is a rich person, maybe he deliberately divides his asset instruments into various sectors, one of the digital financial sectors he chooses is bitcoin. If bitcoin failed, maybe his name was lost in history, but bitcoin succeeded, he made a huge profit and his name went down in history. But whatever it was, he was a great guy, made big decisions and he succeeded in his own way
July 07, 2023, 07:50:52 AM
There's an obvious influence I don't understand. It's like everyone pretends to know about BTC and throws tips and tricks around as if they're experts but in reality they know nothing. It's weird and sketchy at the very least. This influence is present I think in most circles of friends but I'll never understand why.
If there's something I learned in this life.. it's that you should sometimes shut up and mind your own business. If you don't, you might be influenced into making the wrong choices or convinced by others that what you're doing won't have positive results. This guy included - I can't imagine how many people around Dan told him he'd destroy his wealth by purchasing BTC worth $2m. It's still happening in my life, I only chose to say nothing about it and mind my own business instead.
If there's something I learned in this life.. it's that you should sometimes shut up and mind your own business. If you don't, you might be influenced into making the wrong choices or convinced by others that what you're doing won't have positive results. This guy included - I can't imagine how many people around Dan told him he'd destroy his wealth by purchasing BTC worth $2m. It's still happening in my life, I only chose to say nothing about it and mind my own business instead.
July 07, 2023, 07:49:52 AM
We cannot compare the efforts used in the early days by those who adopted bitcoin during such period to this our own present era where things have been made more simplified, despite there's high and increasing cyber theft as of that time, they still find more means to trust the network system of a decentralized digital currency and chose to accept bitcoin, things were at the early stage then when there were no easy communication access to learning about bitcoin, BIPs and some other implementations aren't fully understood on how to come in, there's no much awareness on the bitcoin protocols, security and privacy but yet some still survived althrough till date, what I don't really know is how they ensure this steady speculation even when there might not have been enough indications discovered enough to use then, but they still have better opportunities to invest early, hodl and risk their investment without a proper speculation maybe.
July 07, 2023, 07:47:22 AM
You are right OP, to buy bitcoin is a personal thing to do after you have made up your mind to invest. Anyone who is waiting for a third party to tell him or her when to invest doesn't understand what bitcoin is or doesn't have the knowledge of bitcoin. Bitcoin investment is something that you must believe in before you can take a the bold step to invest. People that are ignorant or that are lazy to make research on their own are the people that needs influencers or friends or the government to buy bitcoin before they will reluctantly to a move. The first time that I heard about bitcoin was they time that I started picking interest on buying bitcoin.
July 07, 2023, 07:24:02 AM
Investing on bitcoin, doesn't require much third party validations, if they don't understand how it works, their response can destabilize your moves and ideas. Below is a CEO that purchased 30,000 bitcoin at the rate of 65$ approximately 2million dollars worth of bitcoin in 2013. I read his mail closely and understood, he didn't care about what his associates take on his decision, after doing his research he didn't hesitate about investing into bitcoin, he was sure that bitcoin will give him a good return. I've read many members complaining about being discouraged by closed friends or associates, it signifies that the person carried a low quality research on bitcoin. I don't know how the responses of his associates ended up, but he took the step with or without them. If you wish to be like them act like them.
Photo Credit RIZZO
Photo Credit RIZZO
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