Many late Bitcoin users often regret missing the opportunity to buy coins when the price was under $ 1,000, $ 100, or even $ 1. However, Redditor says his situation is worse when he has to compare the “stupid” decision to invest in silver versus the wiser decision of his twin brother to back Bitcoin.
This story – which may have been fabricated from the source – is an unnecessary bill called “TheDumbTwin” – claims that both brothers inherited $ 100,000 in 2013 but took completely different financial paths.
“I was a silver entrepreneur and argued that silver is IMO, the best alternative investment for stocks and bonds,” Redditor said.
“He just learned about Bitcoin and was convinced that the return could be exponential. I vehemently objected to Bitcoin and said it was just speculation and it would be a waste of money.”
TheDumbTwin claimed that despite his objections, his brother invested about $ 50,000 in Bitcoin (BTC) at $ 100 (cryptocurrencies remained below $ 200 until the end of October 2013), which means that he probably bought around $ 500 Bitcoin … with Bitcoin Recently after breaking the record for 2017 (previous), the coins will be worth around $ 9.6 million today.
Gemini claims that his brother’s investments are now estimated at more than $ 10 million, and the $ 30,000 he decided to invest in silver has decreased to $ 26,000. In January 2013, silver was valued at over $ 30 an ounce, while the precious metal today is valued at around $ 24 an ounce.
He said, “His bitcoin wealth alone is more than 100 times my net worth.”
“He just learned about Bitcoin and was confident the income could be exponential. I vehemently objected to Bitcoin and said it was just speculation and it would be a waste of money.”
Although this story cannot be independently verified, the concept of missed opportunity is familiar to Bitcoins, given that cryptocurrencies are within reach of $ 20,000 for the first time in three years. Redditors were quick to share their thoughts and advice:
“Almost every day of your life, you miss an investment opportunity that can bring you millions,” said Jikjandi.
“Don’t put all of your eggs in one basket,” said spatialsilver88. “You didn’t have to choose between silver and cryptocurrencies. You could do both.”
Unlike the famous cryptocurrency twins like Tyler and Cameron Winklevoss, who seem to have increased their fortunes when they founded Gemini together, the “dumb” twin claims that he “can’t handle the prevailing idea” of why he’s “taking” the same financial path as his brother.
He said, “I try to be grateful for what I have, and I try to be grateful because I know many other people in the world are worse off.” “But I don’t know if I can get past that.”
Redditor Folkwoodswest summed up best is a quote from US President Theodore Roosevelt:
“Comparison is the thief of joy.”