A crypto trader, Techdev, recently claimed that early Bitcoin investors likely lack the conviction needed to hold their investments over a decade through market volatility. The trader refuted the notion that someone who had invested $100 in Bitcoin back in 2010 could today be a billionaire, citing the severe price corrections the cryptocurrency has faced over the years. Techdev pointed out that only individuals with a strong belief in Bitcoin could have resisted selling during its numerous downturns. The post sparked a significant reaction within the crypto community, especially as Bitcoin reached an all-time high of $123,100 in July. Many commenters shared personal stories of having spent large amounts of Bitcoin on purchases or losing access to their wallets. Crypto entrepreneur Anthony Pompliano echoed Techdev's sentiments, emphasizing that while many believe they would have held onto their investments, the reality is that maintaining long-term holdings through such fluctuations is difficult. In summary, while Bitcoin has seen impressive long-term growth, substantial discipline and conviction are required to hold these assets through challenging market conditions.

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