A cautionary tale about why it is better to
Choose a HODL strategy
In February 2011 a StarCraft tournament was held in the US, with 56 players from all over the world taking part.
The prize for the first 4 places was $1000,
1st place was $500
2nd place was $250
3rd place was $150
4th place was $100
5-8 places was 25 BTC
25 Bitcoin were allocated for players who took 5-8 places.
At that time, the coin was worth only $1.65, meaning each player received a “consolation prize” equivalent to $41.25. If any of them had held Bitcoin until today, the prize would have been $1,500,000
