I would like to share with you a tale of two young individuals around this time.
They were very much alike, these two individuals. Both had been involved in blockchain early on. Both had a deep understanding of the technology behind blockchain. And both, as most tech enthusiasts are, were extremely optimistic about blockchain's future.
Just recently (now 7 years later), I came across both of them.
They were still very much alike. Both were happily married. Both had children. And both, it turned out, were still passionate about blockchain.
But there was a difference. One of the men is still working and running his digital marketing business. The other is retired, doing what he loves and his net worth is over $75 Million.
Have you ever wondered what makes this kind of difference in people's lives? It isn't intelligence or talent or working longer hours. It isn't that one person wants success and the other doesn't.
The difference is in how you react in times of doubt.
You see, after reading that Wired article on November 23, 2011, the first man held on to his BTC and did not sell it.
But the second man did something different.
He doubled-down. He bought the same amount of BTC in USD that he already held in his portfolio.
As a result, at the beginning of this past year, he was worth just north of $75 million dollars.
What made the difference?
It was simply this: the first individual saw doubt in a bear market and didn't do anything. The second individual saw opportunity and bought an undervalued asset.
We are now in a very similar time as the 2011 blockchain-asset bear market.
Nearly every blockchain-related publication paints a grim picture of its future. Nearly every publication introduces fear, uncertainty and doubt around blockchain.
Yet those who are smart are doubling down because the price is so under-valued right now.
The smart people know what's around the corner in the space. There is going to be an upcoming wave of new blockchain applications over the next year.