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Don't remind me again today

Whale链上猎人

2025-12-01 09:34:28

Back in 2013, Bitcoin fell from $700 to $200, would you dare to hold on?

Most people have already cut their losses and exited the market. But Pavel Durov, the founder of Telegram, held on. He later said that Telegram has always been burning money for him, and that investment in Bitcoin, which was criticized by many at the time, ultimately became the lifeline supporting all his living expenses.

Sometimes, the tests that the market gives you are not to make you smart, but to see if you can endure.

BTC0.15%

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TokenVelocityTrauma

· 6h ago

To be honest, I almost couldn't hold on during the fall in 2013... But those who really make money are always the ones who can endure.

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YieldWhisperer

· 12-01 10:04

holding through a -70% drawdown isn't "hodling," it's just... not checking your portfolio for 11 years straight lol. the math checks out tho—dude literally needed the gains to fund telegram's cash burn. that's not diamond hands, that's desperation working in your favor. seen this exact narrative pattern before, ngl

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GasSavingMaster

· 12-01 10:04

To be honest, that wave of fall in 2013 was terrifying. I know several people who cut loss back then... they regretted it to death. This guy Durov is indeed tough; being able to remain unshaken under such public opinion bombardment is true faith, I guess. However, to be fair, most people simply don't have the capital to bet.

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New_Ser_Ngmi

· 12-01 10:04

Well... to put it simply, it's a psychological quality issue. Most people can't handle that kind of fall, and I can't either, haha.

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ExpectationFarmer

· 12-01 09:58

To be honest, most people simply can't hold on, and once their mindset collapses, they cut loss.

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OneBlockAtATime

· 12-01 09:37

This is why most people are poor, they panic at the first fall. Pavel really held it together, I admire him.

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WhaleWatcher

· 12-01 09:35

To be honest, I almost couldn't hold on during that wave in 2013 and felt like selling due to my nerves. Later, after seeing Durov's story, I realized that the ones who truly make money are not the smart ones, but those who can endure, persevere, and are not afraid of dying.

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