Sometimes it's quite ironic that many of those who came early because they saw something in Bitcoin were also those who sell early probably because their sense of foresight proved to be shortsighted.
It is. But I doubt anyone (not even Satoshi) could have imagined that bitcoin would be worth thousands of dollars one day back in the days when it was still trading for a few bucks. The network's features, the way the blockchain works, and the problems it was set out to solve are just one side of the coin. Those things were there when bitcoin was worth $6, just like they were there when it exploded to $60.000. The speculative price or the "
premium on top", like franky likes to call it, is not something that can be predicted.
Yeah, those speculative prices are probably beyond prediction. But aren't those also somehow implied very early on when Satoshi himself/herself/themselves, for example, acknowledged the possibility that Bitcoin could get really "huge" and that "6.8 billion people" would only be sharing a maximum of 21 millions coins? Or when Satoshi somehow advised to "get some in case it catches on?" Or perhaps when Hal somehow imagined the possibility that each coin could reach as high as $10 million?
I mean, would you be selling or abandon or forget your coins if you already saw Bitcoin's potential right from the start? Or even probably shared Satoshi or Hal's vision of Bitcoin's potential scenario in the future?
Or perhaps those who came early had doubts of Bitcoin's future that they're very much willing to dump their coins as soon as the price hit half a dollar each? Or perhaps some of them, though running Bitcoin, aren't really serious or didn't really see the potential of Bitcoin that they didn't care about their coins.
It's funny because I read a few times it really doesn't matter too much who Satoshi actually is. Bitcoin is out there now and it already has had an impact on society and economy and will continue to do so even more in the next decade.
However, this is one of the super interesting thoughts, what does he think now, what did he think when he created it. If he is indeed the kind of genious that he has been praised to be, I agree and he probably saw the potential for BTC to reach 1M per coin or even more.
So, if that is the case, and if he was mostly ideologically driven, not monetarily, it would also make sense to abandon / not touch his coins, keys for so long. Maybe he even destroyed his priv keys on purpose.