Bitcoin News

Story: Buying Bitcoin Early Wouldn’t Have Made You Rich Today, Says Crypto Trader

By Steven Anderson

1 / 15

“Most Would’ve Sold Long Ago”. In a viral post on X (formerly Twitter), Techdev challenged the common belief that anyone who…

2 / 15

The Real Challenge: Holding Through Fear. Bitcoin has recorded an astonishing compound annual growth rate (CAGR) of over 100% since 2010,…

3 / 15

"Diamond Hands" Are Rare. In crypto slang, people who hold through massive price crashes without selling are known as having…

4 / 15

Consistency Is the Real Skill. Erick Pinos, head of ecosystem at Nibiru Chain, added that being a long-term investor is a daily…

5 / 15

Some Got Lucky by Forgetting. Interestingly, some early Bitcoin holders only became rich because they forgot about their holdings.

6 / 15

The Bigger Lesson. The main takeaway from Techdev’s message is clear: It’s easy to say you would’ve held Bitcoin all…

7 / 15

Final Thoughts. Yes, buying Bitcoin in 2010 could’ve made you rich — on paper.

8 / 15

We’ve all heard it before: “If I had bought $100 worth of Bitcoin in 2010, I’d be a billionaire today.” But according to a well-known crypto trader, it’s not that simple.

9 / 15

A trader known online as Techdev says very few people would have actually had the patience and conviction to hold onto their Bitcoin through all the ups and downs over the past…

10 / 15

In a viral post on X (formerly Twitter), Techdev challenged the common belief that anyone who bought Bitcoin early and held it would be rich now.

11 / 15

He pointed out that Bitcoin has gone through brutal price crashes—not once, but many times. He gave examples of Bitcoin rising to the equivalent of millions, only to crash by…

12 / 15

Imagine watching your investment grow to the value of $1.7 million, only to see it fall to $170,000. Then it might rise to $110 million, only to crash again to $18 million.

13 / 15

But as Techdev and others pointed out, holding through fear, doubt, and financial crashes is not easy.

14 / 15

Crypto entrepreneur Anthony Pompliano echoed the sentiment in a reply:

15 / 15

“Everyone thinks they would have held Bitcoin from pennies to billions of dollars. Easier said than done.”

The Currency Analytics

Want the full story?