Would you invest in BTC if you have $1 million or $10,000?

There are stories in the crypto market from time to time, which may be true or bragging.

Two days ago, various communities were discussing a rich dad. They found a BTC wallet purchased in 2015. At that time, he bought 4,000 BTC. According to today’s price, it is 270 million US dollars, which is already a billionaire.

In 2015, the lowest price of BTC was 210 US dollars and the highest was 500 US dollars. If you buy at the lowest point, you will have invested 840,000 US dollars;

Investing 840,000 US dollars in the crypto market at one time is not something that ordinary dads can do.

Sure enough, it is still someone else’s rich dad!

A wallet holding 4,000 BTC

The next day, it was confirmed that 4,000 BTC was just a joke. There are indeed wallets with similar assets on the chain. They were all created around 2011, not this rich dad.

Of course, this is also a beautiful wish of everyone. Hold the currency and wait for the perfect result of the full moon.

This wallet address with a balance of 4,000 BTC was marked in 2020. The secret key was lost. There is only the wallet file. Anyone can import the wallet to display the balance, but there is no transfer operation permission.

For the entire cryptocurrency, as long as the wallet mnemonic or private key is lost, the wallet will be lost forever and cannot be found. Even if Satoshi Nakamoto reappears, he can’t do anything.

This is the decentralized and tamper-proof characteristics of the Bitcoin network.

BTC wallet top100 addresses

The total amount of BTC is 21 million, and the current circulation is only more than 19 million;

Some wallets that have lost their secret keys and forgotten their mnemonics will have their balances permanently sealed on the chain and cannot be opened.

The Bitcoin wallet mnemonic consists of 12 or 24 words, and the vocabulary has a total of 2048 words. If you want to manually match and find the correct mnemonic to open the wallet, the possibility is one of 2048 to the 12th or 24th power, both of which are infinite numbers.

Some training or businesses that claim to be able to match mnemonics and open a certain wallet are basically scams. It is impossible to find the wallet mnemonic manually.

The total amount of BTC is limited. Some people use BTC as a way to preserve value and store wealth. BTC seems expensive at any time.

Current price of BTC is $68,000

Recently, two friends joined the crypto market and prepared $1 million and $10,000 to enter the market respectively.

The friend with $1 million plans to invest 40% in ETH and SOL respectively, and the remaining 20% ​​in PEPE, and then uninstall the account and see how much is left after a year;

Asked why not consider BTC, the answer is because BTC is too expensive.

The friend with $10,000 plans to play MEME, hoping to encounter a chance of 10x or 100x;

Asked why not choose BTC, he said BTC is too expensive, even if it doubles, it will be at most 2x or 3x. It is too difficult to rely on BTC to turn $10,000 into $100,000.

At any time, there are people who think BTC is too expensive, whether it is $10k 5 years ago or $68k now;

It is impossible to predict the price today next year, but at least it will not return to zero all at once.

There are many ways to pursue balance growth. Some people choose BTC, while others give up BTC. No one can say which way is better. They are all based on different cognitions, investment habits and available funds.

Tokens with various MEME concepts

Buffett once said that few people are willing to become rich slowly, and most people just want to make quick profits.

Most people are unlikely to encounter the opportunity to get rich overnight, but the cost of trial and error may be zeroed overnight;

Very few people can make a fortune through MEME or contracts and leave smoothly. Most people make money by luck, but lose it by strength in the end.

For example, the top 100 richest list of BTC wallets. Some people’s early behavior made him on the list today. What can we do today to make it a topic in 5 or 10 years?

Is it to get rich slowly or to get rich overnight?

Sometimes slow is fast, and the wealth that everyone can earn in their lifetime is also destined;

Earn what you can earn, without excessive fomo, and maybe you can outperform most projects by holding BTC.

The above is just a personal opinion, no investment advice. I’m CryptoLola and I’m following the crypto market and web3.

Would you invest in BTC if you have $1 million or $10,000? was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.