Might he sell his 160BTC to test exchanges and buy it again, it was possible. But as we can see, Bitcoin had almost no value in its early days. In fact, those who have known Bitcoin before have never thought it could reach the price we have today, even Theymos. But everything that happens in the crypto market is a big surprise and even known personalities have no idea to reach the point of being talked about across the globe. We can really think that their decision is crazy but that just before because nobody can do that again and they are making history and it is a big help to compare from what it happen today and in the future.

Many of time that these events happens are when Bitcoin was not tro known so the value was less. Many of us did not know about Bitcoin them that is the story still hurt so many persons till now. Many of those that had Bitcoin then sold them or lost the private keys that is needed to have access to the fund. Time is what matters to us as a trader. Now that Bitcoin price is below $30k we might be thinking that the price is lesser and isntye current height that is why we just need to hold for long do that Bitcoin can add more value.

This is just an assumption, if they hadn't sold during those days the price of bitcoin might not be seen as high as now. Only after the bitcoin purchase it is believed to have value and people started it as payment here and there. It was the first real world transaction in the form of bitcoin. Everyone could've known about the importance, but none could've estimated the growth to be this high. In one of his interview he admitted

“If I had treated it as an investment, I might have held on a bit longer,” Mr Sturdivant admitted in 2018.

“I would never have thought that the same number of bitcoin would have a purchasing power on the order of real estate.”

Meet the crypto developer who spent $3.7 billion in Bitcoin on pizza

In economics there is a process called price discovery, and as the name implies it is the process in which the price of every asset is determined, and the only way to do this is by buying and selling the asset.

This is why bitcoin was 22k dollars a few days ago and now you can buy it for slightly less than 20k, the buyers and sellers are always trying to figure out the price of everything, and without those early adopters selling their coins this process would not have begun, after all it was speculated that bitcoin had value but without anyone being able to buy anything with it this could not be proven, only after those transactions took place people knew their coins had some monetary value which they could use if need it.

They did what they had to. Was it a coincidence? Think not. They did what they had to. They paved the road for us, and we are walking on it right now. It started with just 2 pizzas and now we are able to buy anything that we want with Bitcoin. Everything has its own purpose.


Indeed, I think the same. They still got their fair share in their hand, for sure.

I think it is more accurate to say that we can not predict the future but we can speculate what will be going to happen next.  Since it is established that no one can precisely predict the next price of Bitcoin but every one can speculate and say what they think will be the price of Bitcoin in the future.



I believe the early trade of bitcoin was never a bad decision.  Without these early trades, bitcoin will never start trading.  So are you saying that all these people who started trading Bitcoin at a price of less than a cent do not know the importance of Bitcoin?  I bet they know that Bitcoin being traded is way more important than thinking about the future price of it.


Definitely, a good thing for the Bitcoin economy because if no one dares to part with their BTC, trades will never happen and the Bitcoin economy won't grow like this.

Even though these three people may not have known it, they made Bitcoin history when they bought and sold the first things with it. The things they did helped Bitcoin grow into what it is now.

It's the top coin in crypto and it's trading volume is high compared to other coins in the market. Many investors anticipate investment in bitcoin and have contributes to their solid road map over the decades. It's not a fiat currency but it's a digital currency which can served multiple purposes at a time. It can't be duplicated like other coin, it ranges in value and pieces. Bitcoin have several purposes in the space and great beneficiary to the people who are awared about the existence of the solid project.

We can't predict how time will go. If we go back to their time, surely that was the best decision they made. But if we are basing on the present, we are really confused as to why they sold their Btc when it reached such a very high price. Sometimes we can think "what if". So now that we can't go back, it's better to focus today and how we can make our future beautiful. Our emotions sometimes make decisions for us, so we must be able to control our emotions so that the decision we make is right. Just like what happened to Btc currently, it just suddenly dumped, maybe you're so afraid that its price will drop so much that makes you think you'll just sell your investments. But if you have faith in Btc and have the right mindset, you will definitely not be affected by that dump. It's normal for a dump to happen, and it's also happened before for Btc, so there's nothing to be afraid of.