Those who bought Bitcoin in 2011 and held today are already smiling because the collected Bitcoin at giveaway prices and are rich as we speak.
What makes you think that there are some folks who bought bitcoin in 2011 and held it till today? Anytime you're giving a reference about those earlier investors make sure you have witnessed one, Not just making exaggeration. Because is obvious that you're just exaggerating, you're not really sure about what you're actually talking about. And I'm still having a doubt about that, though most of those earlier investors can be patient enough to HODL thier bitcoin for long term, let's say for like 4 to 5 circles if possible.
You seem to be the person who is in denial, ejikeme24.
Of course, there are various bitcoin investors who started investing into bitcoin in 2009, 2010, 2011, 2012 and various points thereafter. Some have held large portions of their coins, and others have no, yet it is not difficult to conjecture about scenarios in which guys were able to accumulate a lot of bitcoin in some of those earlier years, even though surely with the passage of time, bitcoin adoption became more and more, so the ones who had mostly held onto their bitcoin may well have had been exceptions rather than any kind of rule, and surely some of the earliest of bitcoin adopters might not admit exactly how many coins they held or how many coins they sold, but there are early adopters who actually exist, in spite your request for more specific proof in regards to their actual existence.
Surely, I might agree with any point that you might want to make in regards to the futility of fantasizing about longer term bitcoiners, especially since we cannot turn back the clock and go back and buy bitcoin for ourselves at those earlier times.
I frequently likely to remind folks about the value of mostly accumulating their BTC and holding onto their coins, and sometimes it can be helpful when talking with other forum members who are giving advice about trading rather than investing, and if they have a forum registration date that is more than one or two cycles, then we might be able to ask them if whatever they had been doing had been able to beat a straight forward DCA investment approach, since of course, if some of the guys had been accumulating bitcoin since those earlier days, even going back to 2012, they would have had accumulated a lot of bitcoin for even relatively low prices, since we can see that
at the beginning of 2012, the BTC price was ONLY around $5 for both the 200-WMA and also for the spot price... so buying even only 1,000 bitcoin would have had cost only right around $5k.Most definitely. There are indeed early Bitcoin adopters who may have accumulated Bitcoin way back in the days, and it’s possible that a lot of them are still HODLing even up till now. You know what’s really interesting to think about? It’s about how different their experiences back then might actually have been compared to newer investors.
You’re also not wrong about the challenge of having to verify the actually existence of these early investors, since most of them may not actually be willing to share their stories or to what extent they’ve been able to accumulate their Bitcoins, and in this case, it becomes pretty difficult to verify or even learn from their experiences.
As far as Bitcoin investment is concerned, it’s very much clear that the most effective and valuable strategy remains HODLing unto the coin for the long term. And the best help you can offer to others would be to remind or tell them about the importance of long term HODLing and how helpful it can be, especially when the discussion or comparison of trading and Investing comes up, because that’s the point where a lot of enthusiasts lose sight of what truly matters and start chasing shadows all in the name of of making quick profits.
Your idea of interacting and asking more experienced forum members about their investment approaches is also very spot on. It can be a great avenue to learn about their experience and their strategies, as well as how they compare to a straightforward DCA strategy. A very interesting way of gaining more knowledge and new insights too.
When we try to look back at the early of Bitcoin, we’ll have no doubt that accumulating Bitcoin at low prices could have potential been a big game changer for its investors. And it could’ve cost even way little to buy and accumulate smaller chunks of Bitcoin way back in 2012, and holding into it would’ve also led to a much more significant price increase overtime.