There are people that are sure that the price of bitcoin will keep growing, 11 years ago and 11 years to come and beyond. But what people are not sure of is the exact price that bitcoin will get to in the period in view. So I don't believe it when some folks keep saying that they are not sure if bitcoin price will keep growing. As long as we keep seeing more adoption in bitcoin it is certain that the price will keep growing. And as you know bitcoin adoption is rapidly growing yearly. In as much as we don't know what the exact price will be in the future, but it is expected that bitcoin will do more of an upward trends than downward trend. So even if there are temporary downward trends along the line, it is also expected that bitcoin will rise back and keep making upper trends. The only way to find out if the price will keep growing or not is to invest and keep holding.

I don't see investing in real estate or children as a waste of resources. In some areas, property prices have appreciated to a large extent. Your children are your responsibility, so you would have to spend on them. Maybe he was right about wasting money on lavish weddings and other celebrations. The question about if he kept hodling can be answered only by the author of the post. But with the rate of uncertainties and FUD throughout these eleven years, I don't think many early adopters kept their coins to date.

You will be surprised that there are people who still believe that Bitcoin will crash and go to zero in the future. But if you have done your research, it will be obvious that investing in Bitcoin is a risk worth taking.

Look at his post , you will find the answer. That person said when he will be older he will be more conservative. So in his point of view he is passing his youth and most people do misteake in their youth life.

He didn't have any responsibility that moment, so he was living his life in his way. Think about it like putting your money in potential memecoin. You know for sure that this memecoin will give you a healthy return definitely so you put your investment. Thos who invest on memecoin don't actually invest smartly but put their faith blindly like this guy. Investing bitcoin in that era actually like it. No one knows that if bitcoin will be accepted vast people and will become like todays Bitcoin.

So it's more likely putting your faith blindly with all your savings. Well it's not like people don't do this type stuff, so it's kinda normal if you see at his point of view. But you will know that it's just madness to put all of the investment into one busket.

The guy has the luxury of failing since he said that he is still young, has a full-time job, and can recover the losses if his investment in Bitcoin goes wrong.  I wanted to see the follow-up information  in this because I am curious whether he keep on holding or cash-out the moment he see a good amount of profit.

If he holds on to it until now, or even if he cashes out 80% of his Bitcoin, the remaining 20% will still give him a wealthy life. This is taking risk at its best during his time and it paid off very handsomely!


But is he wrong with his decision?

It’s a huge investment, but the real challenge is if he was able to hold for this long.
Maybe he was tempted to sell when Bitcoin hit a major all-time high, like in 2017 when it reached $20k, a lot of people sold back then, so for sure he already made some profit.

As for me, I wasn’t here that early, but I had some early plans to never sell. However, as I watched how the market was growing, I got tempted and eventually cashed out some profits. So it really depends on the person.

I think only a few people were able to hold that long and still have a significant amount left from what they bought early on.

The important thing to grab from this story you shared is that he has a job already. That gives him the upper hand to see through many price ranges of Bitcoin(ups and downs) without longing to sell.

Those who have a good-paying job are the ones who can hodl Bitcoin for a long without being bothered by its price until when they are ready to sell. However, the hodl of Bitcoin for a long term has proven over again to be the best way to achieve financial freedom from Bitcoin investment.

He invested in bitcoin when most people had no confidence in bitcoin, 11 years ago, people never believed bitcoin will get to the current stage which we are today, and lots of people think bitcoin will end up crashing, but as we can see, bitcoin keeps on growing on a daily basis, and bitcoin awareness and adoption keeps on increasing.

We are not going to know maybe he is still holding the bitcoin which he bought years ago, or maybe he sold them, am sure he will be in the right position to answer that, but some people that bought bitcoin at the early stage of bitcoin ended up selling it so early, because most of them didn’t have much confidence in bitcoin, so as long as they were in little profits, they decided to sell, and some of the people that bought bitcoin at the early stage have lost access to their bitcoin.

Read the note twice and for me it looks like he knows what he is doing and he said people spend their earnings on houses, weddings, that is no use and he didn't want to be there and is willing to take the risk to change his life. And sure he did, a whale right now?

The guys must be chilling in his yacht right now, so we, where do we stand in the next 11 years?

we don't know whether he has been holding his bitcoins for the past 11 years or for some other reason he has sold some or all of them. but if it is true that he is still holding his bitcoins until today then he has made a very good profit from the risk he took, because at the time he made the post, the price of bitcoin was around $700 USD, and now the price of bitcoin is $93,000, just imagine how much money he made from the $50,000 USD he first invested.

but what he did was actually too risky to put his life savings on bitcoin, even though he understood the risks and was prepared if something went wrong, but it was still a pretty risky move and it was not a wise thing to do.

Purchasing Bitcoin eleven years ago is not a surprise package, he wasn't the first to risk his money to purchase Bitcoin at the time when it was considered heavily risky. We don't know his deed on his investment if only he can become active to share the end part of his journey, we can't speculate on someone else's life and how it was spent.

Him saying having children and giving them the best isn't going to give returns when the time comes, i dissociate myself from his reasoning, from my login children are the best gift to get from life they can't be matched with material things that is why even the poor gives birth not minding their condition, there is a part of happiness it brings to the soul. Nothing stops you from having children and spending on them, still giving your Bitcoin investment great targets.

OP, you can size your image to be more comfortable reading through.