Bitcoin whales took high risks, while studying price movement in the past

Accardo

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Quote from: topbitcoin on July 07, 2023, 02:54:39 PM

Quote from: Lucius on July 07, 2023, 08:46:07 AM

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Bitcoin whales took high risks, while studying price movement in the past

Don't be fooled by someone having the courage to risk $2 million like it was all they had, because such people were rich long before Bitcoin existed - so he only risked what he could have allowed himself to lose. The man in question has worked for Goldman Sachs for 25 years and obviously knew how to recognize the opportunity for a good profit, and such people do not fall under the influence of other people who might advise them that something is a bad investment.

This situation must be understood correctly so as not to misinterpret, because he is not a poor person from the village who then buys Bitcoin when he knows him, or a worker with a freelance salary that is only enough to buy food in one month, then they save and invest it into BTC Or selling the land then invested into Bitcoin over his courage, it is a wrong scenario in understanding the situation.
$ 2 million dollars in 2013 is not a little money, if converted to the dollars today the value must be greatly increased, especially the value of inflation needs to be added, I do not know that person, but I am sure that that person is not an ordinary person, and he is a rich person.
And yes, he must have spent money to buy Bitcoin without feeling afraid of losing his money.

In 2013 two million dollars is worth about 2.6million in 2023, that 2million dollars bought him 30,000 bitcoin worth 1950000000 USD in 2021; rate 65,000, remember 2013 recorded all time low in bitcoin price. If you look at the email you'll understand he knew it was an all time low yet he invested on bitcoin. He saw it as an opportunity to purchase and hold bitcoin, if it dropped half of what it used to sell in the previous year. That means he can take it as a great time to buy it very cheap, fully sure that the price will bounce back and hit another all time high. In today's experience, if bitcoin which sold for more than 65k per one dropped down to 20k, it's a great time to purchase bitcoin as it can hit that price and bypass it again.

Dr.Bitcoin_Strange

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Quote from: Accardo on 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.

Well, you may be right in your opinion, but I also think that that man who invested 1,950,000 on 30,000 may not really be 100% sure that he will make a profit; he definitely might have took that risk with some level of uncertainty. Also, before someone would want to invest such an amount of money, they would definitely have more than that. Anyway, it's just what I think. If he has about $20,000,000 or $10 million, then investing such an amount should not have been a big risk to him.
Yeah, you are right about not paying attention to some discouragement we get from friends or associates. It's always wise for someone to carry out their personal research before they can decide whether to agree with what someone is telling them or not.

Cheers 🥂, Dr.Bitcoin_Strange 👺👺

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It reminds me of the story of each of us, when we are about 5 years old we aspire to be some great thing, but over time life gives us the answer that it does come true. like it or not, but the case with bitcoin right now are people who bought it early whether really many people can keep it until now and i know not many people can do that, investing now is also different from circumstances at that time. Putting a large amount of money into something that is not only trust but has their own assessment, and the risk in the case OP mentioned I suspect from the beginning they will also accept and face it, we all understand the fact that out of 100 people only a few are qualified to lead, like success comes to the few and the majority continue to achieve it.

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Quote from: hugeblack on July 07, 2023, 09:23:42 AM

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.

I would disagree that everyone had such an opinion in 2013 when it comes to Bitcoin, because let's remember that back then there was Mt.Gox based in Japan and that many even famous people traded Bitcoin, and it is known that Tim Draper lost as much as 40 000 BTC when that CEX get hacked.

The Silk Road case may have changed the minds of many at the time, but then, as today, most illegal activities are associated with fiat currencies, whether it is the US dollar, the euro or some other currency. What has definitely changed when it comes to the broad masses is the fact that after 2017 there was a realization that Bitcoin is not something that will just disappear, and that of course you can earn a lot of money if you invest in it.

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Quote from: btc_angela on July 08, 2023, 04:44:07 AM

Quote from: PX-Z on July 07, 2023, 05:40:18 PM

If i knew bitcoin that time with enough money to spare i will probably do the same. But unfortunately, i'm still a student only online gaming and friends are my only hobbies so there's no way i will get introduced on such technology unless someone do it, but nah.

Yes, there are so many opportunities for us to buy before, that is if we have the money or even know bitcoin that time. But the good thing is that it's not too late for us. Sure, those early birds are might have been lucky as they can buy cheap bitcoin and then just wait for the right time to sell.

But still for us, we have been in the market, for me, I've been here since 2017, so it's not that far that I might even make money as well as I have been in 2 bull runs already. And as we grow mature here, the more we know that we will going to achieved something big in terms of financials.

When we look back, we will definitely have the same regrets, and will definitely think why at that time we did not do everything possible to buy more bitcoin, because surely we will be able to get something big from our sacrifice at that time. But bitcoin investment is not just like that, after all, even if we feel late, we are still experiencing tremendous benefits at this point.
We will also definitely think if we have to borrow a large amount at that time we will definitely do it and we will not care about being said to be crazy for buying bitcoin (by people who don't know).

But now I am very grateful for what I did, because there are not many people who realize the potential of bitcoin around me.

btc_angela

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Quote from: PX-Z on July 07, 2023, 05:40:18 PM

If i knew bitcoin that time with enough money to spare i will probably do the same. But unfortunately, i'm still a student only online gaming and friends are my only hobbies so there's no way i will get introduced on such technology unless someone do it, but nah.

Yes, there are so many opportunities for us to buy before, that is if we have the money or even know bitcoin that time. But the good thing is that it's not too late for us. Sure, those early birds are might have been lucky as they can buy cheap bitcoin and then just wait for the right time to sell.

But still for us, we have been in the market, for me, I've been here since 2017, so it's not that far that I might even make money as well as I have been in 2 bull runs already. And as we grow mature here, the more we know that we will going to achieved something big in terms of financials.

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Quote from: jrrsparkles on July 07, 2023, 03:27:04 PM

Obviously they took the chances as early as possible even that time they are ready to spend 2 million but even after 10 years the 2 million capital is highly a non achievable goal for most people which means they had more money than what they risked is the key, ofcourse they made money and turned millions in billions with the growth of Bitcoin over the decade. Rich people can afford to lose money while for an average it can be fatal that is the reason for the extra caution however without risk we can't turn around anything not just in crypto it applies to everything.

Yes you're right. We must be careful when investing. All investments carry risks, and crypto investments are high-risk investment instruments. For ordinary people who don't have much money, I think investing all their money in bitcoins is a very dangerous risk.

I also think that the person doesn't just invest in bitcoins, he should have other investments so that if bitcoins fail he still has other assets. But apparently bitcoin was so successful that what it did went down in history. I think a lot of people have invested in crypto, and a lot of people have failed. So, we still have to be careful in investing, dividing the investment into many sectors may be a good choice.

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Quote from: PX-Z on July 07, 2023, 05:40:18 PM

If i knew bitcoin that time with enough money to spare i will probably do the same. But unfortunately, i'm still a student only online gaming and friends are my only hobbies so there's no way i will get introduced on such technology unless someone do it, but nah.

If you have all the money at the time you might not feel the need to invest, what many don't get is that Bitcoin is very risky to invest in when it's value was very lower compared to today's value.

It's very easy to believe that Bitcoin could fail at the time because the adoption was slower and there are so much fear in the market back then, Bitcoin was easily compared to past Bubbles that have happened before, many expected the same to happen to Bitcoin.

This is why I always believe that the early Bitcoin investors, particularly the whales are the real OGs, it's like believing in something that shows no sign of surviving in the future, it's a tough decisions they all made.

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This could look irresponsible to people who lack the guts to take risks. And yet, is it really? Not according to me. The asset in question has continually demonstrated its value and resiliency over time.

Contrary to popular belief, success actually comes from defying the odds. Only those who are willing to reject conventional knowledge can actually profit from bitcoin since it is not a fad but a revolution. The conventional banking system has, lets face it, reached its limits in this day and age, and Bitcoin provides a viable substitute.

Its time to cut through the cynicism and doubters' clamour. Making independent judgements after careful investigation and taking the less-trodden path is not only wise, it gives you more power. The only regret you'll have is not becoming involved sooner. I say this to people who are on the sidelines, stifled by the fear of the unknown or influenced by misinformed friends and associates.

Nwada001

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A lot of people had great opportunities back then when Bitcoin was really worth less, but most people used the opportunity wisely, while others ignored it because they never expected to see Bitcoin where it is today. Investing your funds in something is something one really needs to give a rethink, especially for those who are struggling to get it. Investment decisions are not always easy for them to make compared to how millionaires don't even give it a rethink before pushing in millions.

There were a lot of us here in the forum back then, and even if we were given the chance, most of us would not have been able to make the right decision because of the unforseen future. Especially for me, I could have given it a rethink over and over again before I could spare some funds to invest in something I don't really know much about. All thanks to the current exposure and the potential, we can now see clearly and hope those chances were never missed.

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Quote from: Accardo on 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.

This is true for all the decisions you are making in life. Others can dissuade you from making the right choices, because they give advises about something that they don't know well. But also people good be giving good advice, and you can be the one to chose to ignore it, thinking that you know better.

A wise person can make better decisions by knowing the limitations of their skills and knowledge, and knowing to whose advice to listen. But wisdom only comes with experience and analysis of past actions.

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If i knew bitcoin that time with enough money to spare i will probably do the same. But unfortunately, i'm still a student only online gaming and friends are my only hobbies so there's no way i will get introduced on such technology unless someone do it, but nah.

The Cryptovator

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The email is truly captivating. Its contents are unfamiliar to me, and I find it remarkable that in 2013 they made the bold choice to invest such a significant amount. These individuals, being astute from the outset, recognized the immense potential of Bitcoin's future. This foresight is precisely what led them to attain whale status. It is crucial to bear in mind that when investing in Bitcoin, one should rely on their own judgment and not be unduly swayed by external influences.

panganib999

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There certainly was a margin of risk and a fuck ton of uncertainty back in the days, after all bitcoin at one point in its life cycle was dirt cheap with no hope of ever increasing in value. Back then when you tell the common crypto bro that bitcoin's going to reach $30,000 in value you might get punched in the face just for how ridiculous your statement is, nowadays we're even looking for $100000. No hate though, I'm just saying that way back then things were a little casual in the industry and not a single person here who's been with bitcoin since day 1 thought of holding bitcoin til kingdom come and it reaches stupid values. All they really had going for them is the hope that it reaches a dollar next year or so.

jrrsparkles

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Obviously they took the chances as early as possible even that time they are ready to spend 2 million but even after 10 years the 2 million capital is highly a non achievable goal for most people which means they had more money than what they risked is the key, ofcourse they made money and turned millions in billions with the growth of Bitcoin over the decade. Rich people can afford to lose money while for an average it can be fatal that is the reason for the extra caution however without risk we can't turn around anything not just in crypto it applies to everything.

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Quote from: Accardo on 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.

Sure, maybe he understands bitcoin that early, or maybe he is risking, or seeing the potential of bitcoin in the future. That's why he advises everyone (but we don't know if they follow him or not).

But in this case, it really paid off for the CEO, and maybe that is also the reason why he become a CEO, because he thinks out of the box and then give good advise to someone. Me did believed in bitcoin back then, and for sure, he will continue to become one of the biggest whale up to now.

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Quote from: Lucius on July 07, 2023, 08:46:07 AM

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Bitcoin whales took high risks, while studying price movement in the past

Don't be fooled by someone having the courage to risk $2 million like it was all they had, because such people were rich long before Bitcoin existed - so he only risked what he could have allowed himself to lose. The man in question has worked for Goldman Sachs for 25 years and obviously knew how to recognize the opportunity for a good profit, and such people do not fall under the influence of other people who might advise them that something is a bad investment.

This situation must be understood correctly so as not to misinterpret, because he is not a poor person from the village who then buys Bitcoin when he knows him, or a worker with a freelance salary that is only enough to buy food in one month, then they save and invest it into BTC Or selling the land then invested into Bitcoin over his courage, it is a wrong scenario in understanding the situation.
$ 2 million dollars in 2013 is not a little money, if converted to the dollars today the value must be greatly increased, especially the value of inflation needs to be added, I do not know that person, but I am sure that that person is not an ordinary person, and he is a rich person.
And yes, he must have spent money to buy Bitcoin without feeling afraid of losing his money.

usekevin

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The bitcoin doesn’t need any investigation to inverse as like other cryptocurrencies,Bitcoin is the base for all the crypto currency.So bitcoin will not get away from the market in a short period.The bitcoin price was vary at different dimensions,So ups and down.But the market still need huge demand for the bitcoin.Mostly the people who get knowledge from others will do check of this bitcoin as the first asset to inverse their money.Whales play huge role in the circulation of bitcoin in the market.

Wimex

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At that time everything was in full swing and many did not know it, it was something totally new and the risk could be said to be taken as of a higher range, it was not known if this asset would be as effective, so it meant walking the tightrope and trust that the other side would be reached, it was obvious that many would oppose and give advice so that they do not make this type of investment, but even so, the decision that several people made, without taking into account the negative comments, brought them a reward very big…….this for me, gave a quite influential reflection, where in order to be successful in this life, it is best to take your own risks and let things happen, either for better or for worse, because if you let yourself Influencing others would miss out on significant opportunities, like what perhaps happened to the CEO's colleagues. The situation with bitcoin may currently be in another scenario, but it continues to have strength and promises profitability.

Cryptomultiplier

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You know it's quite of importance to note that while making such kind of move, an alternative source of income is already certain.
That is, the C.E.O in your story must have had sufficient deposit of cash besides the already invested one in BTC.
Quite frankly I agree he is a visionaire and am sure his whale move yielded profit.

For other whales who have such huge investment of BTC and is being advised against selling by their friends, it is maybe they would have nothing to fall back on incase all doesn't go as planned. It could also be because they aren't knowledgeable enough to do so.

Spaceman1000$

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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.

Lida93

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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.

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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.

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Quote from: Accardo on July 07, 2023, 07:24:02 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.

satscraper

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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.

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Quote from: hugeblack on 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.

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.

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/

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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.

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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.

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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.

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Quote from: Flexystar on July 07, 2023, 08:25:42 AM

~snip~
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.

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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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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.

Flexystar

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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.

Faisal2202

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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.

komisariatku

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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

20kevin20

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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.

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stead.builders

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.

Sim_card

hero member

Activity: 560

Merit: 511

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.

Accardo

hero member

Activity: 1274

Merit: 561

Leading Crypto Sports Betting & Casino Platform

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

Topic: Bitcoin whales took high risks, while studying price movement in the past (Read 252 times)