In his situation, he's the MEME.
But to be honest, if I had Bitcoin during 2011, I don't believe that I would have the same conviction in HODLing Bitcoin as I have now. The biggest exchange was a website domain registered for Magic The Gathering cards, no one accepted it or was interested in it outside of the community, and was the Silk Road already online? The Silk Road might be the only service that might make smarter HODLers say, "This is going somewhere". But I'm the stupid one.
hehe yeah, he is funny though as he is just regretting for $8 while he could earn billions. But one gets as much as he has in his fortune (idk either you believe in fortune or not but i have this belief). Well, what can one do to change fortune is to make pray (yeah i am religious too). I did not realize before how difficult it was to trust on BTC due to less adoption and bad uses as you mentioned Silk Road and according to my knowledge it's been shut down due to illegal buying and selling.
Anyone who held Bitcoin from 2011 till date deserve standing ovation. It takes a great deal of courage, patience and faith to hold Bitcoin that long. Nevertheless, it is not still late to buy and hold. Perhaps, ten years from now, those who fail to join might be wishing they had joined in 2023 when Bitcoin was $29k.
Exactly, most of the people still holding back to enter into market just because they are afraid that BTC will lose its value like less than $25k or $20k. But overall, i think if one has long term plans to hold the BTC then they should not worry about these small dumps because in the long run BTC is going to touch $100k easily even i read a news where
Fundstrat stated that BTC might touch $180k easily if all the ETFs got accepted but just some time ago.
I also heard the news that all ETFs proposal are delayed further not just one all of them which made me think that if they are being delayed all to gather then i think they could be approved altogether too. Which is a good sign though despite of the fake BTC supply in the market. Because it will still increase BTC price.