If You Had 5,000 BTC in 2010

Today, BTC is back to 64-65k. In 2010 or early 2011, when BTC was less than $1, it was possible to obtain 5,000 BTC by spending $5,000. Alternatively, if you were involved in mining in 2010, you could get 50 BTC for every block mined, and 5,000 BTC by mining 100 blocks.

If you had 5,000 BTC in 2010, then with the arrival of the super bull market in June 2011, the price peaked at $30, resulting in a sudden increase in value from $5,000 to $150,000.Just the day before, you may have thought this was just play money. Did you consider selling it for a profit? Most people would do.

After it reached its peak, it rapidly fell to about $20, and I sold 90%, which was 4500 BTC, for a profit of 90,000 dollars. The input-output ratio was 17x (90,000 - 5,000). I was wise enough to leave 10% of my position, which was 500 BTC, for the market. As a result, the market plummeted very quickly. In just six months, BTC fell back to 2 knives.

As time passed, by the end of 2013, BTC had skyrocketed to $1,200 US instead of dying. The 500 BTC that you had almost forgotten about was now worth $600,000 US dollars!

However, the market soon plummeted, and it dropped back down to about $1,000. To avoid losses, you quickly sold 450 BTC by transferring them to an exchange, making a profit of 450,000 knots. You retained 50 BTC.

The market once again performs as expected and falls to around 200 knots by the end of 2014. The remaining 50 BTC have decreased to $10k.

By the end of 2017, BTC has risen to almost 20,000 knives. This time, 45 BTC were sold for a profit of 800,000 knives, leaving 5 BTC.

At the end of 2018, BTC fell back to $3,000, causing the 5 BTC to decrease to $15,000.

Let's keep those 5 BTC as a souvenir. It may seem crazy and unbelievable that in just a few years, BTC has gone from being worth less than $1 US to almost $20,000 at its highest.

You may still be familiar with the product life cycle theory, which states that any product will go through four stages: introduction, growth, maturity, and demise.

However, as of 2021, BTC has risen to $60,000 per unit, indicating that it is not dying but rather growing. You have decided to sell all of your BTC due to a significant double top in 2021, indicating a major cycle top and an imminent reversal into the demise phase.

You sold 4.5 BTC for approximately $50,000, resulting in a profit of $225,000.

By 2024, when BTC reaches its all-time high of $75,000, you, once the owner of 5,000 BTC, are left with only 0.5 BTC.

If you have held onto 5,000 BTC until now, it is currently worth approximately $320 million (at the current price of 64k).

Some people often say they heard of BTC early. However, even if you were sent back in time to the early days of BTC, you may not have been able to act on what you heard. Whether it is possible to hold through a full cycle, including the panic of the bear market, the temptation of the bull market, hacking, theft, expert's downbeat, and countries' suppression, remains to be seen.

Some people dislike bear markets because they lose money. This is a common mindset in the fiat currency standard. However, in the world of Bitcoin, 1 BTC is always equal to 1 BTC. Due to the price drop, there are more opportunities to increase one's position at a lower cost. Even with fiat currency standard thinking, many retail investors tend to hold onto their investments, refusing to sell at a loss. However, once the price returned to its former high, the bull market began and then slightly increased. Those who had been trapped for a long time began to take profits and 'escape from the sky'.

Therefore, the bull market is the main reason for the reduction in the amount of coins, which is important to be cautious.