Dan Held argues against the notion that early Bitcoiners were just lucky
@danheld: Dan Held on Bitcoiners' perseverance
Dan Held, a noted figure in the cryptocurrency community, challenges the commonly held belief that early investors in Bitcoin were merely fortunate.
In a recent tweet, Held underscores the difficulty of 'HODLing' Bitcoin, which he describes as maintaining one's investment despite significant volatility: 'Who else from the mainstream financial world could HODL onto an asset that swings up 10-40x then down 80%… multiple times!' He argues that such perseverance goes beyond mere luck, requiring considerable resolve and faith in the potential of cryptocurrency. Held’s statement invites further discussion about the nature of investing in volatile markets.
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In the previous news, author Dan Held spoke about Ethereum's challenges as it struggles between being sound money and an effective smart contract platform, noting the declining ETH/BTC value.
