Bitcoin is the king of cryptocurrencies. Since its inception, BTC has come a long way. BTC’s whitepaper was launched in 2008. Satoshi Nakamoto mined the first block on the Bitcoin blockchain on January 3, 2009.
Initially, the price of BTC was $0. It was used as a mainstream currency for a commercial transaction on May 22, 2010. It was when Laszlo Hanyecz, a programmer, paid 10,000 BTC for two pizzas.
Bitcoin hit its all-time high and crossed $111 in 2013. A BTC enthusiast who goes by the name Isaac Miller dropped a video of the milestone event. The video shows his excitement and belief that he vested in BTC in 2013 when it broke $100.
If Miller held BTC from 2013 with a decent investment, he would definitely be a millionaire.
The urge to sell too early
There is a common tendency among people to act vague in certain markets. Especially during a condition when the price of an asset hits an all-time high, they tend to sell too soon. This happens when people hold losers for long and sell winners too soon. This human nature is branded as the disposition effect.
But the ideal thing to do is to cut losses and hold onto winners. The tendency to sell is in a fear that the gains will be short-lived and to bag the quick profits.
Did Isaac Miller HODL his BTC?
Now, let us get to the million-dollar question. Did Miller hold his Bitcoin? Yes, indeed. It has been 9 years since he dropped the video. To answer everyone’s question, he drops a video to confirm his stance on crypto.
“I’ve HODLed, I’ve bought more. And I’ve HODLed again.”
He expresses his belief in cryptocurrency in his video that he has been buying Bitcoin every week and HODLing it.