"48 Million Brother"'s story begins with Bitcoin!❗️❗️❗️
On January 28, 2014, a user with the online name "Encounter in Notting Hill" posted in the Bitcoin forum that he invested 480,000 RMB, which was his family's savings for buying a house, to purchase about 100 Bitcoins, hoping to profit. This action earned him the title of "48 Million Brother" in the online community.
Soon after, due to a series of negative news, including several governments not recognizing Bitcoin as a legal currency and issues with some trading platforms, the price of Bitcoin plummeted from about 8,000 RMB to over 2,000 RMB, causing "48 Million Brother" to suffer significant paper losses. Other members in the forum criticized and mocked his decision extensively.
Despite the pressure, "48 Million Brother" still believed in the future of Bitcoin and continued to share his feelings and life status. However, in early 2016, when the price of Bitcoin rose to around 3,000 RMB, he ultimately decided to sell his Bitcoins to purchase property, at which point his initial investment had shrunk to about 300,000 RMB. After that, "48 Million Brother" no longer appeared in the public eye.
This story has become a widely known example within the Bitcoin community, reflecting both the high risks and high rewards that the cryptocurrency market can bring, as well as the psychological challenges faced by individual investors when confronted with drastic market fluctuations. More importantly, it reveals a fact: even maintaining faith in the toughest times does not guarantee seizing subsequent greater opportunities—such as the Bitcoin bull market in 2017, when the price reached historic highs.
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