I know that at the more Bitcoin is down more than 75% from its all-time high at $69k in November 2021 and we have been in a prolonged bear market since then. Now, that being said let us come back to my question "Imagine you bought 100 Bitcoins or more at $1 or less, and you just reminded your password you forget for 12 years, how happy and rich would you be now?"
In my opinion, I would be more than happy, I do not think there is any word in the dictionary to express the emotion I would have, because happiness is going to be a huge understatement because 100 Bitcoin at the all-time, and even now when it has dumped hard for more than a year, that is some life changing money or investment that could set you and your generation up for life, 100 Bitcoin at $69k price would be worth $6.9 million and with at the current moments it is worth almost $27k million, which in my books is still a lot of money, imagine Bitcoin bits $100k or a million dollar as most Bitcoin maximalist predict and we are hoping for to happen.
At $100k, 100 Bitcoins would be worth 10 million dollars and if or when Bitcoin hits a million per Bitcoin, that 100 Bitcoin would be 100 million dollars. Honestly speaking I would say that forgetting that password and remembering it after 12 years is the best gift the person has given to him or herself, and it might be the best thing that would happen to the person and how the person spends or invests the money is totally up to them, because it is their fund and they can whatever they like with it.
Now, let us not forget that not everyone who bought Bitcoin as low as $1 or less held their Bitcoin until Bitcoin price was above $100 or $1,000. I have seen many tweets of people regretting that they sold their Bitcoin at $10 or below and some others are regretting that they didn't buy Bitcoin back then because they ignore it thinking it was a scam, honestly, I do not blame them because I would have sold early too, because I did not know anything about Bitcoin and I thought it was a scam too back then, thank God I know better now.
Knowledge and Patience are key in Crypto investment, never forget that but at the same time, holding a coin long-term is for only coins with good utility not for meme coins that die off after the hype is gone, so be smart and trade wisely. I see a lot of people pumping money into all these meme coins popping up from every angle of the crypto space, hoping to hit the next 10000x token and make a huge profit from one of the many meme coins they have invested their money in, I would not lie and say that it is not possible because it sure is but what I am trying to sayings is that we should all be very careful going with the flow or with this hype because there are a lot of scammers out that are taking advantage of people greedy and hungry to hit the next 10000x token, to clean them out.
And at this point, it is hard to determine which meme coin token coming out that is not a scam because, to be honest with you I have lost count of meme tokens that have popped up from nowhere since Pepe blew up a few weeks ago, taking the crypto space by storm and now we have a lot of meme tokens like fefe which is supposed to be the pepe killer but has disappeared into thin air and no one is talking about it anymore but the token it is supposed to kill or takeover is still here, although it has dropped very well but it is still here regardless.
In addition to all I have said about meme coins, I must say that adding Ai or Arb or Pepe does not make the meme token not to be a scam or make it a good coin to invest but it will definitely and has been compelling enough to mislead or trick people to invest in the token even if we know it is not worth it and might probably be a scam. I know there is a lot of money to make from degen or meme coins buying the hype but to be honest with you guys reading this post I am not a fan of it because I have tried it sometime in the past and it went south and against me a lot, honestly they still give me some level of PTSD whenever I think about them or think about getting involved with another degen or meme coin project, because this meme coin projects can make you very rich and can still clean you out depending on the amount of money you invested into them, back then in my degen days, I think in 2020 or also I made 300% profit of my capital on safemoon meme token project I was happy but because of greed, I took both my capital and the 300% profit I have made to invest it into another meme token expecting the same result but I was unfortunate and that token rug pulled us and cleaned us all out, after pumping for a bit.
The truth is this I do not understand how degen works and I would have loved to learn it, but after that huge loss, I decided to stay away from it and learn how to trade Bitcoin and Altcoins with good utility that I know won't clean me out without me seeing it coming from a mile away, although no one can be 100% careful because look at what happened to FTX native token FTT and LUNA investors, last year was really brutal for them but that is a story for another day or another article.
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