The road not taken: Jealous brother claims twin earned $10M in Bitcoin
The road non taken: Jealous brother claims twin earned $10M in Bitcoin
"His wealth in Bitcoin solitary is more than 100 times greater than my entire net worth," the "impaired" twin claims.
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Many belatedly adopters of Bitcoin oftentimes lament the fact they missed out on the hazard to buy coins when the price was nether $1,000, $100, or even $1. However, one Redditor says his ain situation is fifty-fifty worse as he'due south forced to compare his "dumb" decision to invest in silver confronting his twin blood brother's much wiser decision to back Bitcoin.
The story — which may be apocryphal given the source is a throwaway account named "TheDumbTwin" — claims the two brothers each received a $100,000 inheritance in 2013 but took drastically unlike financial paths.
"I've been a silver problems, and I argued that silver was, IMO, the best alternative investment to stocks and bonds," said the Redditor.
"He had just learned about Bitcoin and was adamant that the return could be exponential. I had vehemently argued against Bitcoin, saying that information technology was pure speculation and would be a full waste of money."
TheDumbTwin claimed that despite his protests, his brother invested roughly $50,000 in Bitcoin (BTC) when the price was $100 (the crypto asset stayed beneath $200 until late October 2013) significant he may have purchased effectually 500 BTC. With Bitcoin recently topping the 2017 (erstwhile) all-time high the coins would be worth roughly $9.6 one thousand thousand today.
The twin claims his brother's investments are at present valued at more than than $ten one thousand thousand, while the $30,000 he chose to put into silver has dropped to $26,000 in value. In January 2013, silver was worth more than $30 per ounce, while today the precious metal is roughly $24 per ounce.
"His wealth in Bitcoin alone is more than than 100 times greater than my unabridged internet worth," he said.
"He had just learned near Bitcoin and was adamant that the return could exist exponential. I had vehemently argued confronting Bitcoin, saying that it was pure speculation and would be a full waste product of money."
While the story cannot be independently verified, the concept of missed opportunities is one which Bitcoiners are familiar with, given the crypto nugget is within hitting distance of $20,000 for the first time in three years. Redditors were quick to offering their thoughts and communication:
"Pretty much every single day of your life, yous miss out on an investment opportunity that could make yous millions," said jackgundy.
"Never put all of your eggs in 1 basket," said spatialsilver88. "You didn't have to cull betwixt silver and crypto. Yous could have washed both."
Unlike well-known twins in the crypto space like Tyler and Cameron Winklevoss whose wealth appears to have risen in tandem given they founded Gemini together, the "dumb" twin claims he "can't get over the overwhelming idea" of why he didn't take the same financial path as his brother.
"I try to be thankful for what I do have, and I try to be thankful since I know that many other people in the world accept it way worse," he said. "Simply I don't know if I'll ever get over it."
Redditor folkwoodswest, summed it upwards best with a quote attributed to U.S. President Theodore Roosevelt:
"Comparison is the thief of joy."
Source: https://cointelegraph.com/news/the-road-not-taken-jealous-brother-claims-twin-earned-10m-in-bitcoin
Posted by: bullingtonnoweat.blogspot.com
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