Twin Brothers Each Got a $100K Inheritance. One Invested in Bitcoin, One Didn’t

Twin Brothers Each Got a $100K Inheritance. One Invested in Bitcoin, One Didn’t
фото показано с : blog.coinmarketcap.com

2020-12-3 17:57

It’s like the plot of a movie: twin brothers get an inheritance of $100,000 each… and then their lives take very different turns.

According to a Reddit user known as TheDumbTwin, this is exactly what happened to him back in 2013 after his uncle died of pancreatic cancer.

Both brothers decided to invest the money. While TheDumbTwin put most of their funds into stocks and silver, their sibling bought 500 Bitcoins… at a price of about $100 each. He wrote:

“My brother has never sold any of his Bitcoins. He’s never even traded them for other crypto currencies. His job pays him very well very, so he’s never really had liquidity issues. He has still 500+ coins.”

TheDumbTwin said his net worth is now less than the $100,000 he started out with — partially because of how the price of silver has fallen. His brother, we hear you ask? He’s now sitting on a fortune of more than $10 million.

“His wealth in Bitcoin alone is more than 100 times greater than my entire net worth. He’s going to retire soon. He will be selling his house… He plans to travel a lot with the wife and kids, and it seems like his life is set.”

Although TheDumbTwin said he was happy for his brother, he admitted that he struggles not to be jealous at times.

“I’ve stopped attending family events (him too), because I can’t get over the overwhelming thought of ‘hey, you should’ve done what your brother did’ at every waking moment. It’s extremely depressing. I try to be thankful for what I do have, and I try to be thankful since I know that many other people in the world have it way worse. But I don’t know if I’ll ever get over it.”

TheDumbTwin asked for advice from fellow Reddit users. One of them replied: “Your brother did a very stupid thing, but he got lucky. He gambled and won. Hey, good for him.”

Another pointed out that hindsight is a wonderful thing. “We all should have bought Amazon in 2000,” they wrote.

And attempting to reassure the original poster, this Reddit user added: “You did what you thought made sense at the time and hindsight is always 20/20. It might have just as easily worked out the other way where the Bitcoin might not have taken off and your bro would have nothing to show for his investment.”

It still must hurt, though.

Check out CoinMarketCap Alexandria!

We’ve got dozens of great features that cover every aspect of crypto and blockchain — including a new piece asking this: should you invest in Bitcoin or altcoins?

Subscribe to our newsletter

If you want to be the clever twin, stay ahead of the curve and subscribe to our daily newsletter for the latest crypto stories and analysis.

The post Twin Brothers Each Got a $100K Inheritance. One Invested in Bitcoin, One Didn’t appeared first on CoinMarketCap Blog.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Miner One token (MIO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MIO

one invested twin didn bitcoin each brothers

one invested → Результатов: 126


What is Polkadot? Blockchain interoperability explained

While many a blockchain project has been created so far to cover various areas of our daily existence, these projects are often times not as intertwined as we’d like them to be. This lack of connectivity between blockchain projects can be a real problem: say you invested money into one token and would like to […]The post What is Polkadot? Blockchain interoperability explained appeared first on CaptainAltcoin.

2020-2-20 15:55


Фото:

Pompliano Labelled ‘Crazy’ For His 50% Market Exposure to Bitcoin

Morgan Creek Digital co-founder Anthony Pompliano received a verbal beating for disclosing that 50% of his portfolio is in Bitcoin. Question is…is his lack of diversification a bad thing? Is Pomp Crazy?  Earlier this week, Anthony Pompliano participated in a CNBC Squawk Box panel which discussed macro-economics and its impact on Bitcoin price action.

2019-8-10 00:00


Фото:

Op Ed: Debunking Bitcoin Myths: ‘It’s a Ponzi Scheme’

The accusation that bitcoin is nothing more than a Ponzi scheme is perhaps the oldest, longest-standing criticism of the digital bearer asset. The basic idea is that there is nothing of value here and the entire purpose of bitcoin’s existence is to enrich Satoshi Nakamoto and the speculators who bought in for a few pennies or dollars in the early days by tricking others into buying in at a higher price.

2019-6-4 19:03


Hedge Fund Bitcoin Buying Spree Accelerated 2400% in Q1: Grayscale

By CCN: The bitcoin price enjoyed a wildly-bullish start to 2019, and the flagship cryptocurrency’s winning streak shows no signs of letting up anytime soon. Hedge Funds Headline 42% Increase in Grayscale Inflows While cryptocurrency remains a retail-dominated market, data from investment firm Grayscale reveals that institutional investors continue to ramp up their exposure to the asset class.

2019-5-14 20:20


Crypto MLM Promoter Says BitConnect Was Not The First Scam He Fell Victim to in the Space

One of the most popular BitConnect promoters said that he lost most of the money he invested in BitConnect and that it was not the first scam he fell victim. BitConnect was a scam crypto-related project that promised very larger returns for investors but that ultimately didn’t survive. Matos Says He Lost Money on BitConnect […]

2019-5-5 23:45


Warren Buffett Buys Amazon Stock; Will He Change His Mind On ‘Rat Poison’ Bitcoin?

By CCN. com: Berkshire Hathaway just bought its first Amazon shares, Berkshire founder and CEO Warren Buffett revealed to CNBC Thursday night. On the eve of an annual Berkshire shareholders meeting in Omaha, Buffett told CNBC that someone at Berkshire’s asset management desk just invested in some Amazon shares, but “it wasn’t me.

2019-5-3 10:19


Greatest Women’s Tennis Player of All Time Serena Williams’ New Venture Arm Invests in Coinbase

Coinbase, one of the most popular cryptocurrency exchanges in the market, has received support from Serena Williams and its company Serena Ventures. In a recent post published on Instagram, Williams published an image in which she shows the companies in which she has invested over the past five years. Serena Ventures Invests In Coinbase In […]

2019-4-21 19:56


Фото:

СМИ: ранние инвесторы Blockstack могут приумножить свои вложения более чем в 2000 раз

Знаменитый Гарвардский университет стал одним из инвесторов нью-йоркской блокчейн-компании Blockstack, напрямую инвестировав в проект до $10 млн. На это, в частности, обратил внимание CEO фонда управления цифровыми активами Morgan Creek Digital Энтони Помплиано.

2019-4-13 15:36


Фото:

Blizzard tweaks loot boxes in Heroes of the Storm amid gambling controversy

Players of Blizzard’s Heroes of the Storm noticed something in the latest patch notes: the developers were removing the ability to buy loot boxes with real money. Given the battle that game publishers are fighting with officials across the globe over loot boxes, it’s possible this is an sign of things to come — an experiment Blizzard is running with one of its smaller games that could prevent trouble for its bigger ones, and gauge how an invested community of gamers will respond.

2019-3-26 19:20


Фото:

‘Game-Changing’ Endothermic Mining Rigs Unveiled By Luxembourg Startup

OnMiners S. A. is launching a new generation of endothermic cryptocurrency mining rigs that promise high power but low energy consumption while reducing heat and noise generation. Lowering Mining Costs with Endothermic Chips New companies and new technologies are entering the crypto mining space with the aim of lowering costs and energy consumption.

2019-3-19 22:00


Christchurch Terrorist Invested and Profited from Crypto Scam Bitconnect

New Zealand has suffered one of its darkest days after a terrorist targeted several Christchurch mosques killing 49 people and seriously wounding 20 others. The alleged killer, a 28-year-old Australian man who according to reports says his name is Brenton Tarrant, claimed responsibility for the massacre, which he live-streamed as he gunned down Muslim worshippers.

2019-3-15 16:10