„His wealth in Bitcoin alone is 100 times greater than my entire net worth,“ says the „dumb“ twin.
Many of Bitcoin’s late adopters often lament that they missed the opportunity to buy coins when the price was below $1,000, $100 or even $1. However, one Redditor says his own situation is even worse as he’s forced to compare his „foolish“ decision to invest in silver with his twin brother’s much wiser decision to support Bitcoin.
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The story, which may be false because the source is a disposable account called „TheDumbTwin,“ claims that the two brothers each received an inheritance of $100,000 in 2013 but took drastically different financial paths.
„I have been a silver beetle, and I argued that silver was, in my opinion, the best alternative investment to stocks and bonds,“ said the Redditor.
„He just heard about Bitcoin and was adamant that the return could be exponential. I had argued enigmatically against Bitcoin, saying that it was pure speculation and that it would be a total loss of money.
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TheDumbTwin stated that despite his reproaches, his brother invested approximately USD 50,000 in Bitcoin (BTC) when the price was USD 100 (the cryptoactive remained below USD 200 until the end of October 2013), which means that his brother could have bought about 500 BTC. With Bitcoin recently surpassing the 2017 record high, the currencies would be worth USD 9.6 million today.
The twin claims that his brother’s investments are currently valued at more than USD 10 million, while the USD 30,000 he chose to invest in silver has been devalued by USD 26,000. In January 2013, silver was worth more than USD 30 per ounce, while today the precious metal is worth approximately USD 24 per ounce.
„Your wealth in Bitcoin alone is 100 times greater than my entire net worth,“ he said.
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Although the story cannot be independently verified, the concept of missed opportunities is something that bitcoiners are very familiar with, since cryptoactive is a short distance away from reaching $20,000 for the first time in three years. The redditors were quick to express their thoughts and advice:
„Almost every day of your life you miss an investment opportunity that could make you millions,“ said jackgundy.
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„Never put all your eggs in the same basket,“ said spatialsilver.88 „You didn’t have to choose between silver and cryptomoney. You could have invested in both.
Unlike the more popular crypto twins Tyler and Cameron Winklevoss whose wealth seems to have increased as a whole since they founded Gemini together, the „dumb“ twin claims that he „can’t get his head around“ why he didn’t take the same financial path as his brother.
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„I try to be grateful for what I have, and I try to be grateful because I know a lot of other people in the world have a much worse time,“ he said. „But I don’t know if I’ll ever get over it.
The redditor „folkwoodswest“ summed it up best with a quote attributed to US President Theodore Roosevelt:
„Comparison is the thief of joy.