Are Early Adopters rich?

[8rch7]

This is a dumb question to be honest with you op. The answer is obvious. If they somehow managed to HODL their BTC for a long period of time, they did become crazy rich. If not, they clearly didn't, but profited anyway.

One of the best examples of an early adopter who became rich in this manner is Erik Finman who became a millionaire through some really smart choices.

There are also some early adopters who forgot/lost their stash and recovered it later on which instantly made them rich.

Bitcoin was launched in 2009, bitcoin was the first crypto currency and became the most successful compared to other coins, most billionaires get rich by creating ecosystem products and services, they also keep bitcoins for a long time, they also get rich because of them. dare to take risks and recognize profitable opportunities and they dare to collect or mine in the early days and stay afloat, in my opinion there may be some people who become rich, maybe the rest does not exist, because most of us do not dare to take risks.

[amishmanish]

Yes most early adopters must would have made a handsome profit on Bitcoin. Bitcoin is still an evolving crypto, the gains anyone made depends on when they purchased the Bitcoin and how they managed it. Anyone who bought in dip and  then sold it at peak got profited. Money never stays with reckless people. While smart people make money when everyone else is losing. The key is to stay analytical and make wise moves and keep hodling even in dip and wait for then bull run.

[xSkylarx]

They can only be rich if they were able to buy a huge amount during its early years and still manage to hold at this point. I consider myself an early adopted since I saw bitcoin when it was just $200 but since I was just a student at that time, I have no capabilities to buy it. Though I manage to accumulate from bitcoin faucets during those times, I wasn't able to avoid spending it since I need some money to support my studies.

[pawanjain]

Isn't it quite simple that the ones who are still holding have become rich and the ones who sold early lost the opportunity.
At the same time, who are the early adopters really ? May be we are the early adopters too if bitcoin price crosses $1 million per coin in future.
So if we hold throughout then may be the people from future will call us the early adopters as well.
Strong hands will survive.

[DooMAD]

This is a dumb question to be honest with you op. The answer is obvious. If they somehow managed to HODL their BTC for a long period of time, they did become crazy rich. If not, they clearly didn't, but profited anyway.

But by the same token, there are enough early adopters who aren't rich to make a worthwhile distinction.  Anyone who automatically assumes a particular early adopter is rich could easily be making a mistake.  And if you assume all of them made a profit, you might also be mistaken.  Some may have lost everything by losing their private keys.  There's definitely no profit in that.  I know people who got into Bitcoin before I did and spent it all on the darkweb buying recreational substances.  They could have been rich, but they just had a few wild parties instead.   

Hindsight is a bitch.  Not everyone HODLed.  HEDL?  Whatever the accepted past tense for HODL is.

[Gosgosking]

I think early adopters of bitcoin benefited more because then bitcoin was not expensive like the way it is now.  Those who were able to hodl bitcoin had much profit, I think volatility,  the rate which bitcoin price increases was kind of fast. Then world inflation was not high and inflation was not affecting the market.

[freedomgo]

It depends if they managed to resist the temptation to sell or spend.  It's conceivable that many of the people who got in super early when BTC was <$1 may have assumed $10 or even $100 would be the highest it could ever go and sold the lot.  If they held, then yes, they're pretty rich.

Probably, if early adopters have tend to forgot their investments and only remember it today, then surely they'll gonna be instantly rich. But i doubt it as most of them have not expected for bitcoin price to go this far, and they just spend or sell it right away when they see small profits. So definitely, early adopters have become rich if they hold them even for 10 years, but for those who are quick enough to sell them, i think they must be regretting today, wishing they have not sell them earlier.

[GideonGono]

I think only few would have been lucky to resist the temptation on selling their Bitcoin when they gained a lot of profit on the earlier years.
I am curious on how many early adopters are still holding their early investment up to this moment.

[qwertyup23]

I just wonder: are Early Adopters rich?
We know AA, author of "Mastering Bitcoin" was once attacked because he did not made any fortune having BTC from early years, then people donated some BTC and he collected around 100BTC.
Hal F's wife sued "I am Satoshi guy" and they were talking about $ 3-digit mln, so they are not kind of people who wait every month for their wage.
What about others? Bitcoin Core developers? Forum admins or well-known old users? Are they crazy rich living in their own castles or did they lost their coins, sold for $10 because of mortgage loan or student's debt and today they must work 7-15 every day?

Well, you could say that there are some people who made a fortune HODLing majority of their BTCs at their designated wallets.

While majority of these people have sold their BTCs during the time when its price was relatively low, there are a quite few people that I know that HODLed their BTCs and until now, they have quite a few at their wallets. But imagine if you were one of those people who were fortunate enough to have lots of BTCs back in the days, chances are that you would probably sold them at a price around $100 when it first came out.

[Viscore]

Some are and some are not, most of the early adopters who sold btc at very cheap prices never thought it will be this expensive, take the case of the pizza guy for example, see the amount of btc spent for a pizza! if he had held them for the long term he would be very rich. it all depends on the trust each one of them had towards the tech, those who held and were determined to see what will become of btc and were able to withstand the high volatility are probably rich now. Aside from being an early adopter, it takes a lot of trust, determination, and patience to actually become very rich as an early btc invsetor.

That proves that long term hodling in crypto has always never been easy as there should be a lot of patience and determination before you can say you've overcome your struggles and you succeeded in it. The early adopters who eventually become rich today can prove it. That is why only few of them got rich and the rest still remain poor these days because they were never that determined to hold bitcoin for long. And they have never that strong faith in bitcoin which those early adopters who are now rich certainly have.

[fuguebtc]

It depends if they managed to resist the temptation to sell or spend.  It's conceivable that many of the people who got in super early when BTC was <$1 may have assumed $10 or even $100 would be the highest it could ever go and sold the lot.  If they held, then yes, they're pretty rich.

that's one of my regret as well, not believing in bitcoin to early, I always doubt the existence of bitcoin before. I always believe that earning money and using it online is kinda impossible, given that there's so much scam in the market now, if only I bought bitcoin that time? I could be rich rich now and I will no longer need many jobs just to support our finances.

It is the regret of thousands of people, more than just you, that bitcoin is as valuable as it is today. Bitcoin has never been expected to be so valuable in the past, bitcoin's value today is something that no one could have imagined. Early adopters when the value increased 10 times, 100 times they probably sold all of their bitcoins too, it is difficult to overcome the temptation with such a large profit. Unless you forgot your keys, you probably won't sell until today .

[Detritus]

A good Investor sets a limit/target of what they wat to archive from their investment and if their target is meet, they take out their profit and move on.  Some early investors made fortune 🔮 from Bitcoin when they thought they have made enough out of their investment.

If you read carefully, you will find out that Peter Saddington of Atlanta first heard about bitcoin back in 2011 and bought some for less than $3 per coin and when the price of bitcoin became around $7,500, the profit on those early investments became approximately 250,000%. "I’ve never seen anything like this,” said Peter Saddington.

When each Bitcoin was worth $12 in 2011, Erik Fineman borrowed $1000 from his grandmother and with the help of his brother at just the age of 11, he invested in bitcoin, at the end of 2013 when the value of Bitcoin became $1200, he made a fortune.
Early adopters are rich if they understand the rule of investment. To make an investment you must set the target you want to take your profit, just hold, hold and keep holding and your target is going to come.

https://medium.datadriveninvestor.com/5-people-who-became-because-of-bitcoin-and-their-stories-1925ef6934fe

[romero121]

Not all the early adopters are rich. Another thing, users who made their entry into the market at the right time were rich according to me. Most of the investors haven't made fortune out of bitcoin, but altcoins like ethereum have made them filthy rich. Even I was into cryptocurrency usage when the price of ethereum was $1, but I didn't made an entry to make millions by now.

[kawetsriyanto]

I just wonder: are Early Adopters rich?

It totally depends on how they manage their Bitcoin assets.
If they are holding their Bitcoin until it reaches ATH such as in 2013, 2017, or 2021. And, they sold their Bitcoin assets at the right time. So, they are probably rich men nowadays. Moreover, if they regularly bought at the bearish and sold at the bullrun in each 4 years cycle. I'm sure they are very rich already.

[Fatunad]

This is a dumb question to be honest with you op. The answer is obvious. If they somehow managed to HODL their BTC for a long period of time, they did become crazy rich. If not, they clearly didn't, but profited anyway.

One of the best examples of an early adopter who became rich in this manner is Erik Finman who became a millionaire through some really smart choices.

There are also some early adopters who forgot/lost their stash and recovered it later on which instantly made them rich.

Just some common sense right? If they do able to hold until this moment then they are very rich but if not then move on specially to those who had lost their harddrives and keys which
these people might be banging up their heads on the wall and end up on great frustration and regret that they should have give out importance into those keys or coins that they do have.
Early adopters does really have that opportunity on making themselves rich but if they are only able to hold for long time or even in short but profit is profit, right?
So this kind of question doesnt really need some complicated answers.

[Abiky]

Yes most early adopters must would have made a handsome profit on Bitcoin. Bitcoin is still an evolving crypto, the gains anyone made depends on when they purchased the Bitcoin and how they managed it. Anyone who bought in dip and  then sold it at peak got profited. Money never stays with reckless people. While smart people make money when everyone else is losing. The key is to stay analytical and make wise moves and keep hodling even in dip and wait for then bull run.

If you did "hodl" Bitcoin before the price surge, then it's probably you would've become rich by now. It all depends on your spending habits. Not everyone is lucky enough to become wealthy. As I've said before, some early adopters became rich because they bought Bitcoin when its was low in price and then sold it when it went all the way to the moon. But others simply lost everything as a result of scams, hacks, and/or theft.

I think it's still the perfect opportunity to become rich since crypto/Blockchain tech isn't fully mainstream yet. Adoption for Bitcoin and other coins increased lately, but there's still a large portion of the world's population that hasn't either heard or used Bitcoin before. The time is right to buy BTC before it hits the projected target of $1m per coin. No one knows what the future holds for Bitcoin, so we can only hope for the best. Just my thoughts

[posi]

Yes most early adopters must would have made a handsome profit on Bitcoin. Bitcoin is still an evolving crypto, the gains anyone made depends on when they purchased the Bitcoin and how they managed it. Anyone who bought in dip and  then sold it at peak got profited. Money never stays with reckless people. While smart people make money when everyone else is losing. The key is to stay analytical and make wise moves and keep hodling even in dip and wait for then bull run.

If you did "hodl" Bitcoin before the price surge, then it's probably you would've become rich by now. It all depends on your spending habits. Not everyone is lucky enough to become wealthy. As I've said before, some early adopters became rich because they bought Bitcoin when its was low in price and then sold it when it went all the way to the moon. But others simply lost everything as a result of scams, hacks, and/or theft.

I think it's still the perfect opportunity to become rich since crypto/Blockchain tech isn't fully mainstream yet. Adoption for Bitcoin and other coins increased lately, but there's still a large portion of the world's population that hasn't either heard or used Bitcoin before. The time is right to buy BTC before it hits the projected target of $1m per coin. No one knows what the future holds for Bitcoin, so we can only hope for the best. Just my thoughts

Bitcoin will hit $1 million for 1btc, that's a very high price. If we pass up the opportunity of not knowing about bitcoin as early as others, we have not completely lost the opportunity from now on. To be honest, the adoption and usage of bitcoin is increasing and more popular than previous years but looking at the world population density and the number of people knowing about bitcoin is still very low, so we still have a lot of opportunities with bitcoin. Let's not regret not knowing bitcoin early or ignoring it in the past, let's focus now, just collect a lot of bitcoins and hold for 5 years or 10 years, and we too can become should be rich.

[Jatiluhung]

I'm also curious and want to know. but I have faith that today they are very rich people. but most of them do not like to flaunt their wealth and they prefer to enjoy life in a calm and pleasant way.

[tbterryboy]

To be honest, it's not really our business whether they got rich or not by being an early adopter, but if it makes you sleep in peace OP, I believe that all of them are rich but they don't want you or anyone to know it so they live by their means or they slowly stream in the wealth to gradually live a luxurious life. It's crazy to think that early adopters wouldn't make money because by logic, they should have a lot of crypto since it's the cheapest.

Not all, remember the pizza guy? That is just the most known one, there are a million people like that, including myself, I may have not been here when it was just a few dollars or even cents, but I have been here since it was under 100 dollars and I can tell you that I never got rich, I am still working very hard for my salary every single day.

I am not upset about it neither weirdly enough, because without crypto my life would have been terrible and I feel like it could still yet be terrible any day now and keep being scared about it. So I can easily say that we are not all rich, but we are still happy to meet bitcoin no matter what our current finances look like.

[minairia3]

To be honest, it's not really our business whether they got rich or not by being an early adopter, but if it makes you sleep in peace OP, I believe that all of them are rich but they don't want you or anyone to know it so they live by their means or they slowly stream in the wealth to gradually live a luxurious life. It's crazy to think that early adopters wouldn't make money because by logic, they should have a lot of crypto since it's the cheapest.

Not all, remember the pizza guy? That is just the most known one, there are a million people like that, including myself, I may have not been here when it was just a few dollars or even cents, but I have been here since it was under 100 dollars and I can tell you that I never got rich, I am still working very hard for my salary every single day.

I am not upset about it neither weirdly enough, because without crypto my life would have been terrible and I feel like it could still yet be terrible any day now and keep being scared about it. So I can easily say that we are not all rich, but we are still happy to meet bitcoin no matter what our current finances look like.

We should be satisfied because we are still luckier than many others, many people are still not exposed and know bitcoin. Moreover, opportunities still abound for us, I see that with the current situation, the crypto industry is still early and still has a lot of opportunities. As long as we focus now, try to accumulate as much as we can and hold in the next few years, we still have a chance to become as rich as early adopters.