Regretting you haven’t bought Bitcoin 8 years ago?  It’s not too late.

Regretting you haven’t bought Bitcoin 8 years ago?  It’s not too late.

Crypto news Technology
February 2, 2018 by Super System
411
Bitcoin Fair investment

Regretting you haven’t bought Bitcoin 8 years ago?  Investing $5 back then would have made you more than $4.4 today.  It’s not too late.

Have you ever imagined what would have happened if you would have bought that low-cost property years ago, and by that becoming filthy rich? Perhaps that cheap apartment, which is now worth twenty times than it used to. You are not alone. 87% of all people look back and blame themselves for the opportunity they missed. It’s just how we are. On the other hand, success stories surround us. Regular, hard-working people like Peter Saddington, Edward Skupien, and Eddy Zillan took the right decision in the right moment, and now they are millionaires.  Ordinary people, like me and you, invested in Bitcoin, and now are rich as hell.

This week, 8 years ago, the first transaction of Bitcoin has been recorded. The first time Bitcoin was used as real currency. Since then, Bitcoin’s value skyrocketed and multiplied by 880,000 times. If you bought $5 worth of Bitcoin back then, you would have bought with your money about 2,000 Bitcoins. Today that investment would have made you more than $4.4 million. If you would have bought Bitcoin for $1,200, today you would be a Billionaire, yes you read correctly, you would have more than $1,000,000,000 For marly $1,200.

At the time, Bitcoin was not considered as anything worthwhile.  Back then it didn’t really catch on, and only a few had it. There were very few business which accepted bitcoin as a payment method, and it was something which financial institutes such as banks did not even consider legit.

Edward Skupien – Bitcoin billionaire.

bitcoin good investment

In the last years more and more businesses, financial institutes, and even governments started to accept Bitcoin, and its value gradually grew. Bitcoin started making headlines, making it more attractive for investors. More and more people were starting to embrace the idea of a decentralized currency, and the price began to rise. Since the beginning of 2017, Bitcoin’s price spiked, as countries like Japan started giving it legitimacy.

One of the main advantages of Bitcoin is that it is decentralized. Which means that there is no central bank or government which controls it. This is one of the main reasons why investors are finding Bitcoin as a safe-haven asset in a problematic geopolitical world. You can hold it anywhere, and no one can stop you from using it. Another advantage Bitcoin investors look upon is that there is a mathematical limitation to the number of Bitcoins available. Which means, no one can print more of it. When the supply is limited, while demand goes up, the price goes up as well.

At the time, Bitcoin was not considered as anything worthwhile.  Back then it didn’t really catch on, and only a few had it. There were very few business which accepted bitcoin as a payment method, and it was something which financial institutes such as banks did not even consider legit.

bitcoin good investment 2 - Bill Gates

In the last years more and more businesses, financial institutes, and even governments started to accept Bitcoin, and its value gradually grew. Bitcoin started making headlines, making it more attractive for investors. More and more people were starting to embrace the idea of a decentralized currency, and the price began to rise. Since the beginning of 2017, Bitcoin’s price spiked, as countries like Japan started giving it legitimacy.

One of the main advantages of Bitcoin is that it is decentralized. Which means that there is no central bank or government which controls it. This is one of the main reasons why investors are finding Bitcoin as a safe-haven asset in a problematic geopolitical world. You can hold it anywhere, and no one can stop you from using it. Another advantage Bitcoin investors look upon is that there is a mathematical limitation to the number of Bitcoins available. Which means, no one can print more of it. When the supply is limited, while demand goes up, the price goes up as well.

Wences Casares or “patient zero of the Bitcoin” as the Silicon Valley elite call him, explains what is the formula for making money in Bitcoin.

According to Casares, all you need to do is to take %1 or less of what you own and invest in bitcoin. Forget about that initial investment for at least five years. Ideally in the next decade, “you either lose one percent of your net worth, which most people can take, or you make millions”.  He told a room of cryptocurrency advocates at the Westin in Times Square.

Casares thinks that the chances of Bitcoin to fall and go to zero stands at around %20, On the other hand, he says that the chance bitcoin will reach $1,000,000 in the next seven years is more than %50.

People today believe they have missed their chance to invest in bitcoin, that they missed the train and are afraid that it is too late to join and make profits of Bitcoin. Casares answer to those people is simple – he is saying that anyone who bought bitcoin and held it for more than a few months, even at “high” prices, just a few months ago, have done “spectacularly well” by simply buying Bitcoin and holding it tight. Just buy Bitcoin and hold. The future might be very generous for the ones who have a bit of patience.