Hold or Sell? The Story of 20,000 Bitcoins for a Honda

In 2011, a Reddit user named “Bitcoin Billionaire” shared that he had mined 20,000 Bitcoins using his home computer. At the time, Bitcoins were not very valuable, so he found it quite funny to hoard so much, even joking that one day he would be rich enough to buy a yacht or at least a pizza.

However, instead of patiently waiting, a few months later he made an impulsive decision. When he saw the value of Bitcoin increase slightly, he decided to sell all 20,000 BTC to… buy a used Honda Civic! That’s right, all those Bitcoins for a used car. He was excited about the deal and felt like he got a bargain.

But if we rewind to the present, those 20,000 Bitcoins are now worth over half a billion dollars! What about that Honda Civic? It’s probably rusting away in a garage somewhere now. Lesson learned: Sometimes HODLing really does mean holding on until you get something better — or at least better than a used car!

#Write2Win #Write&Earn #Write2Learn $BTC