2026-01-10 20:32:35

Imagine if we hadn't been in such a rush to sell back then. In 2017, the Bulgarian government sold off 213,500 bitcoins in one go. At that time, Bitcoin wasn't well regarded; who would have thought?

And now? Based on today's prices, those coins could have paid off the entire country's national debt long ago. Almost a perfect solution to a debt crisis just slipped away. 💸

This isn't just idle talk, but a very real issue: how high the opportunity cost and decision-making cost of asset timing can be. From a national asset management perspective, this case is a classic—early misjudgment of an emerging asset class directly translated into astronomical opportunity costs.

In plain terms, the history of Bitcoin is a story about patience and perception.

BTC0,54%

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ForkTrooper

· 01-12 04:10

Bulgaria's recent move is truly a textbook-level "loss." Thinking about it now, I feel sorry for them. If only I had known to hold, what a pity. This is what we call the cost of cognition. Who could have imagined it back then, right?

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DisillusiionOracle

· 01-11 11:46

The operation in Bulgaria's Napo is truly a textbook-level cautionary tale; I should have just HODL'ed if I had known earlier.

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GateUser-1a2ed0b9

· 01-10 21:02

210,000 coins, how much are they worth now? That's why I say the government doesn't understand cryptocurrency.

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DarkPoolWatcher

· 01-10 20:59

Bulgaria's move this time is truly brilliant; over 210,000 Bitcoins are gone just like that. At the current price, it would definitely be a turnaround. If I had known earlier, I would have hodled, but unfortunately no one can predict the future, right? This is why people in the crypto circle always talk about "compound interest over time." The opportunity cost of missing out is terrifying to consider. Really, sometimes government-level decision-making mistakes have a bigger impact than retail investors losing money. Honestly, who really believed in Bitcoin in 2017? Back then, it was all skepticism. But that's why we're still here now; some people just can't wait. This case could be used as a textbook example in an MBA course—an outright cautionary tale.

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FloorSweeper

· 01-10 20:57

lmao bulgaria really pulled the ultimate paper hands move... imagine selling 213k btc at market bottom thinking you're being smart. that's not just missing the trade, that's missing the entire cycle. institutional level weak signals right there.

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BlockchainDecoder

· 01-10 20:54

According to research, the sale in Bulgaria is indeed a textbook-level case of a decision-making mistake. From an asset allocation perspective, their core error was not in selling, but in their lack of understanding of emerging asset classes—this has been extensively discussed in Taleb's Black Swan theory.

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DeepRabbitHole

· 01-10 20:37

The 210,000 in Bulgaria is really incredible. It hurts just thinking about it now.

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