Speculating on a Bitcoin Centimillionaire’s Story

There is no way for me to verify the veracity of the story behind the Reddit post above. From my perspective, it requires an extraordinary tenacity and discipline to resist the temptation to sell BTC when the price of the token rises by more than 10,000%. Generally, most of us would have sold it. The story appears too good to be true, especially since it's being shared at a time when BTC reached $116,000 and above.

If it is really true that the guy bought BTC in 2012, what about if he was able to position himself when the price touched its floor price at $50.00? That would mean he could have bought 1,000 BTC. If he is still a holder of such a huge quantity of BTC, he would be classified as a centimillionaire, for a multimillionaire still sounds too modest.

Just speculating. A good exercise of the mind for me. I am not sure if my computation is accurate. An increase from $50.00 to $116,000 in percentage terms is a growth of 231,900%.

Posted using SoMee