Early Bitcoin Investors: Who Stuck It Out?

I was thinking about early Bitcoin investors who went all in. You know, those bold folks who poured everything into BTC when it was just getting started and totally undervalued. And then they held onto it until 2021 when BTC hit the big milestone. Divided them by year and even color-coded groups based on this zodiac stuff. Figured out how many actually became millionaires or billionaires.

Interesting idea but kinda unrealistic, don’t you think? Really? Someone goes all-in in 2009? Unless they were worth practically nothing, it seems unlikely. The first BTC-USD traded for like next to nothing back then, so yeah, I doubt many did that.

For real! I don’t remember any talk about ‘investing in Bitcoin’ back in those early days. Most people just wanted to develop or mine it. That’s all.

Exactly! Some people cashed out with tiny profits, not realizing the price would explode. How would you even sort those folks? Just a fraction, maybe 0.01%.

I’m just gonna assume you made this all up. I’ve never seen this type of classification before, and some of it feels way too abstract to back up with facts. Honestly, how many bought Bitcoin in 2009 and are still holding? Some mined it, sure, but pure buyers just holding? Nah.

Your whole calculation seems off. I mean, many early investors probably forgot their keys or sold when Bitcoin first hit $50k. Only a few ever held onto it for the long haul.

I was just focused on the real hodlers. I mean, most people sold when BTC made them a profit. Being a hodler is not exactly normal behavior.

I don’t think anyone went fully all-in with BTC back in the day and didn’t sell before 2021. If you really did go all in, that’s not the same as selling your apartment or whatever. I know about some guys who went big early but they still sold before hitting 2021.

The names she mentioned? I haven’t found any references to them anywhere. Most early adopters would have sold by now. Got rich and likely came back to buy again.

Maybe not a lot of folks were buying back in 2009. 2011 felt like the year people really started jumping in when prices were around $30.

Using early investors as your motivation for accumulating more Bitcoin is cool. Focus on your journey. Everyone's got their own story and success rates.

Do we even need to distinguish between these early investors? I mean, all investors want profits, right? Some might be early, but they could have sold early too.

Yeah, the definition of ‘going all in’ here is key. It should mean investing everything you can afford, not selling your house or borrowing.

What I know is that investors are still making money off Bitcoin. The market fluctuates, and what seems like a bad price now could change.

In reality, most early adopters made a few bucks and bounced. The ones who stayed often were just hanging around to chat or troll. Few actually saw this as a serious investment.

Estimating the number of true hero hodlers is way harder than you’d think. I mean, how many BTC fans were there for each year? A rough count shows maybe 19 in 2009, then thousands more in later years.

Would 1 out of 100 of those accounts really go all in? Probably not. What about 1 in 1000? Nah, it’s more vague than that.

Being a holder is not easy! I get it, Bitcoin’s faced a ton of scrutiny and doubt over the years. But selling early doesn’t make you a fool.

Profit is profit, no matter how small. If you don’t sell, then you're just waiting for bigger gains. But sometimes, it’s smart to take profits when you can.

Back in the day, they were just casual users, like folks earning satoshis bit by bit. Profit wasn’t their main goal; they just wanted to use BTC.