Recently many people have been asking me to tell the story of Brother 480,000
Those who have been in the currency circle for a long time should know him. At that time, he was considered a legend in a certain BTC forum.
On January 28, 2014, Brother 480,000 opened a post on a certain Tieba for the first time.
At that time, the currency price was 4.8k. What the 480,000 brother wanted was to turn the down payment into the full payment and earn a car.
With the mentality of giving it a try, I scraped together all the 480,000 yuan my family had and bought 100 Bitcoins.
This is also the origin of Brother 480,000’s name.
On February 7, 2014, a week had passed since I bought the currency. On that day, the price of Bitcoin dropped from 5,636 yuan to 4,800 yuan.
Before the day's drop, Brother 480,000 was profitable, so a drop did not affect him.
On February 12th, Bitcoin hovered between 4500 and 4700, falling below the cost line of 80,000. He is still holding on.
On the 15th, his mentality was a little unbalanced and he did not dare to price it himself.
Why? Because Bitcoin plummeted that day, falling directly below 4,000. It probably scared Brother 480,000, so he didn’t look at the price for a long time. At the same time, he didn’t dare to tell his family because he couldn’t bear long-term losses and lied to his family. Said it was a big profit.
Until the 2nd, Bitcoin was plummeting again, approaching 3,000. It was obvious that Brother 480,000 was no longer calm.
But fortunately, Bitcoin started to rebound on the 26th, March 3rd and 4th. Brother 480,000 has been worried about it for so long and now he is used to it.
And this round of rebound is very strong. On the 4th, it directly reached 4900+. Many people are suggesting that Brother 480,000 can already exit the position, but Brother 480,000 has just tasted the sweetness, so he will definitely not sell it.
Until April, the situation took a big turn, and Bitcoin, which had been rising, suddenly fell to 3,000.
After all, Brother 480,000 couldn't stand it anymore and was worried about losing money again, so he withdrew from the market with another loss of 180,000. Because of his mentality, he finally missed the crazy rise of Bitcoin a year later.
Many years later, Brother 480,000 said,
If I had stabilized my mentality at that time, maybe everything would have been different...
