He holds more than 4,000 ETH, currently worth $12 million
This is a story about a friend of a friend.
This friend sold his house in 2015 and bought 50,000 ETH at a price of $2.9 per ETH. He invested $145,000 and converted all the money from the house into ETH.
Ethereum has been rising and falling, and once rose to more than $4,800. The current price is $3,000, which has increased by 1,034 times.
50,000 ETH is currently worth more than $150 million. If you get it now, you will be a billionaire.
At that time, Ethereum had risen tenfold, and selling the house was also a gamble. If you can get it now, you will have enjoyed huge wealth.
The subsequent story of this protagonist is unknown, and it is impossible to check the wallet balance, let alone listen to his detailed sharing of his experience in the crypto market for the past nine years, but he is indeed an ordinary person around him.
Another friend entered the crypto market in 2017 and bought 14,000 LTC at a price of about $4 per ETH. He sold it six times two months later and made his first pot of gold in the currency circle.
Later, LTC continued to rise, once rising to more than $400, more than 100 times the purchase cost. He regretted not getting it at the high point. If he sold it at the high point, it would be more than 5 million US dollars.
He made less money in the crypto market, but he also worked hard in other industries. The 6-fold return also allowed more funds to be invested in other businesses. He lost money, but gained growth.
In the crypto market, choosing the right target and holding it flat may be the most convenient way to get the most profit, but holding it is not easy.
Every cryptocurrency is rising and falling, and there is even a risk of zeroing at any time.
Who would have thought that BTC, which was initially mined for free, would rise from $0.05 to more than $61,000 now; ETH, which was crowdfunded and launched at the time, is now $3,000;
Even DOGE, which was given away for free at the time, and MEMEs such as SHIB, which had little value, soared out of the circle and became the wealth code of some people.
The current BTC price may not be at its peak, and many people are saying that BTC will rise to $100,000 or $200,000;
But many people are still unsure, and few dare to go all-in. Without sufficient belief support, it is too difficult to be a holder, and only a few people can become winners.
For example, the BTC price was still $65,000 yesterday, but it fell to $60,000 today. Other tokens fell even more, and it was not easy to hold on.
Pay attention to the wallet address of a group member, which contains more than 4,000 ETH. The wallet was created 4 years ago, and ETH has been in the wallet for a long time.
He did not sell at the high point of $4,800. Although the wallet balance has shrunk by one-third, the current value is more than $12 million, which is also an astronomical figure.
This friend now just looks at the mountains, the water, and the world, leisurely and free, lying flat and free of wealth, just that he is a firm holder. The crypto market has changed many people, and the investment at a certain time has brought uncertain returns.
Participating early and holding on for a long enough time may not necessarily make you a millionaire, but you will have more opportunities to accumulate wealth. However, some people will make money and some will lose money.
Some early participants lost all their contracts, even hundreds of millions, and went from wealth freedom to working people; some people who were able to hold on only took MEME and ended up with zero.
There is no unified way to play. People with good luck, vision and pattern will gain a lot.
Of course, we are not the group members mentioned above, that is just their story.
What we can do now is to look for opportunities in the present, find the target with great potential in the next 5 to 10 years, and find the goal of how to be a successful holder.
The result of holding on may also return to zero, which is full of huge uncertainty. I wish us all good luck.
The above is just my personal opinion, no investment advice. I am CryptoLola, I am paying attention to the crypto market and web3.
