In the cryptocurrency circle, there is a person whose name is mentioned by countless people, and he is "Brother 480,000". He bought 100 bitcoins with 480,000, and live-streamed on Baidu Bitcoin Post Bar, but he sold out before the dawn of his fortune, missing out on tens of millions or even hundreds of millions of dollars. His story is not only a tragedy, but also an inspirational and educational drama. This article will review the experience and mental journey of this legendary figure, as well as his influence and inspiration on the cryptocurrency circle from the following aspects.
1. The starting point of 480,000 brother
The real name of 480,000 brother is unknown, but some of his background information can be inferred based on his comments on the forum. He is an ordinary office worker with a loving wife and a lovely daughter. He and his wife have saved money for seven or eight years to buy a house. He is interested in Bitcoin, but does not have much knowledge and experience. He is an impulsive and persistent person with a gambler's mentality and courage.
Brother 480,000 bought Bitcoin on January 28, 2014. At that time, the price of Bitcoin was about 4,800 yuan. He used the 480,000 yuan that he and his wife had saved for seven or eight years to buy 100 Bitcoins, and posted a post on Baidu Bitcoin Forum with the title "I bought 100 Bitcoins with 480,000 yuan". He said in the post: "I don't know if this is the right decision, but I believe Bitcoin will have great room for development. I want to turn the down payment into full payment, and even earn money for a car. I will broadcast my cryptocurrency trading process here, and everyone is welcome to follow and guide me."
This post quickly attracted the attention and discussion of other users in the forum. Some supported him, some opposed him, some encouraged him, and some laughed at him. Some said he was a warrior, some said he was a fool, some said he was a leek, and some said he was a whale. In short, Brother 480,000 became one of the hottest topics in the forum.
2. The process of 480,000 brothers
After 480,000 started live streaming, he began his long and tortuous journey of cryptocurrency trading. In the process, he experienced the ups and downs of the Bitcoin market, as well as changes and challenges in his own mentality. He was happy and sad; he persisted and wavered; he made profits and lost money. The following are some representative remarks he made in the forum:
• February 7, 2014: “Bitcoin has fallen sharply today, from more than 5,600 to more than 4,800. I still don’t plan to sell it, I believe it will go back up.” (The highest price of the day was 5,636 yuan, and the lowest price was 4,800 yuan)
• February 12, 2014: "Bitcoin rose a little bit today, from more than 4,500 to more than 4,700. I still don't plan to sell it, I believe it will rise further." (The highest price of the day was 4,720 yuan, and the lowest price was 4,500 yuan)
• February 15, 2014: "Bitcoin fell a little bit today, from more than 4,700 to more than 4,600. I still don't plan to sell it, I believe it will rebound." (The highest price of the day was 4,719 yuan, and the lowest price was 4,600 yuan)
• February 22, 2014: "Bitcoin has risen a lot today, from more than 4,600 to more than 5,000. I still don't plan to sell it, I believe it will rise even higher." (The highest price of the day was 5,028 yuan, and the lowest price was 4,601 yuan)
• February 25, 2014: "Bitcoin has fallen a lot today, from more than 5,000 to more than 4,000. I still don't plan to sell it, I believe it will stop falling." (The highest price of the day was 5,019 yuan, and the lowest price was 4,000 yuan)
• March 3, 2014: “Bitcoin has risen a lot today, from over 4,000 to over 4,400. I still don’t plan to sell it, I believe it will break through 5,000.” (The highest price of the day was 4,439 yuan, and the lowest price was 4,001 yuan)
• March 4, 2014: “Bitcoin rose even more today, from over 4,400 to over 4,900. I still don’t plan to sell it, I believe it will break through 6,000.” (The highest price of the day was 4,919 yuan, and the lowest price was 4,438 yuan)
• April 4, 2014: "Bitcoin fell a little bit today, from more than 4,900 to more than 4,800. I still don't plan to sell it, I believe it will break through 7,000." (The highest price of the day was 4,918 yuan, and the lowest price was 4,801 yuan)
• April 26, 2014: “Bitcoin fell a lot today, from more than 4,800 to more than 4,200. I have no confidence anymore, I feel like a failure.” (The highest price of the day was 4,801 yuan, the lowest price was 4,201 yuan)
From these remarks, we can see that Brother 480,000 has always maintained an optimistic attitude and a firm belief in the process of speculating in cryptocurrencies. He believes that the price of Bitcoin is only a temporary fluctuation, not a long-term trend. He believes that the price of Bitcoin will continue to rise, not continue to fall. He believes that his investment will pay off, rather than end in vain. He has never given up on his goals and dreams.
However, in the process, he also encountered many difficulties and challenges. He not only had to face market changes and risks, but also family pressure and doubts. He not only had to endure the shrinkage and loss of assets, but also psychological torment and torture. He not only had to endure the ridicule and sarcasm of the outside world, but also the contradictions and entanglements in his heart.
Brother 480,000 also revealed some of his personal situations in the forum. He said that he did not tell his wife that he bought Bitcoin, but lied that he saved the money. He said that every time he saw the price of Bitcoin fall, he felt like he was going to collapse. He said that every time he heard his wife say that she wanted to buy a house, he felt like he was going to die. He said that every time he saw his daughter's cute smile, he felt like he was going to cry.
In the process of speculating in cryptocurrencies, Brother 480,000 did not get the support and understanding of his family, but brought a lot of pain and trouble to his family. His wife never knew that he used the house payment to buy Bitcoin, but was deceived and concealed by him. His daughter has never had a stable and warm home, but was ignored and neglected by him. His parents have never had a son who is at ease and reassured, but have been dragged down and worried by him. Brother 480,000 also lamented in the forum that he felt sorry for his family. He said that he wanted to give his family a good life, but pushed his family into the abyss.
*The story is reprinted from