Ever had a case where you wished you had bought something in the past that eventually went up significantly in value? Perhaps a plot in a low-value district which is now worth ten times more? Does that ring a bell? With so many amazing stories surfacing like Kristoffer Koch, Erik Finman, and Jay Smith, it seems the enormous rise of Bitcoin has been officially making ordinary people who invested in Bitcoin into millionaires.
Monday marked the seventh anniversary of what is said to be the first recorded instance of Bitcoins being used in a real-world transaction. Over the course of seven years, Bitcoin's value has multiplied 879,999 times. If an investor had decided to spend five dollars on about 2,000 Bitcoins back then, that stake would be worth $4.4 million today. With $1,200 spent on some 480,000 Bitcoins, the investor would be worth at least $1.1 billion today. .
At first, Bitcoin didn’t really catch on, and it was solely the domain of the early adopters. There were very few businesses which accepted Bitcoin as a payment method, and it was something which was almost frowned upon by most governments. As more and more businesses and governments accepted Bitcoin, it gradually went up in value, more and more people were starting to embrace the idea of a decentralized currency, and as more people hopped on board, the price began to rise. Since the beginning of the year 2017, the value of Bitcoin spiked after gaining legitimacy in countries like Japan.
The main advantage of Bitcoin is that it is decentralized – meaning, there’s no central bank or government which controls it. This freedom is one of the reasons why Investors have come to see the currency as something of a safe-haven-asset in a problematic geopolitical world — and there's been plenty of that in recent months in Europe, Russia, Brazil and the United States. There is also an additional advantage in Bitcoin – there is a mathematical limitation to the number of Bitcoins that can be created, which means – no printing money, so the rules of economy work perfectly. Where there is a limited supply of something, and the demand goes up, the price goes up along with it.
What Are Experts Saying About Bitcoin?
Wences Casares has been called Bitcoin’s “patient zero” by the Silicon Valley elite. He got Bill Gates, Reid Hoffman, and countless other luminaries into Bitcoin at gatherings of the rich and famous such as Sun Valley.
The Argentinian-born Casares has founded an internet service provider, a video game company, and a bank, plus he sits on the board of PayPal, but it’s Bitcoin that Casares says he’s dedicating the rest of his life to, and he now runs a startup called Xapo that stores Bitcoin. At a dinner organized by the cryptocurrency policy group Coin Center in New York last night, Casares delivered the keynote speech, including some advice about how to get into Bitcoin. The formula, according to Casares? Take just 2% of what you have and put it in Bitcoin. “You either lose two 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 pegs the odds of Bitcoin failing completely and going to zero dollars at 20%. “If it fails, it will be worthless,” he says. “If it succeeds, in five to seven years a single Bitcoin will be worth more than a million dollars.” He puts the chances of success at greater than 50%. Casares has an interesting reply for those people who believe they have already “missed out” on the Bitcoin train and are afraid that they are joining too late. He said even those who bought Bitcoin at high prices as recently as a month ago have done “spectacularly well”.
We personally tested the system, here were the results:
But it’s not just Bitcoin making the headlines, the crypto-currency market is spearheaded by another crypto-currency called “Ethereum” and if you haven’t heard this name yet hear this: Its price grew over 5400% in the last 6 months alone. In fact, the price of Ethereum grew from $7 in the beginning of 2017 to a high of over $400 in June 2017, and there are very good reasons for it. While Bitcoin is mostly used for consumer payment transactions, Ethereum has been adopted by the corporate world. In fact, Ethereum has already been embraced by companies such as Microsoft, Intel, Toyota, J.P Morgan, as well as many other companies which are all official members of The Ethereum Enterprise Alliance (EEA). This corporate acceptance adds a lot to the legitimacy of Ethereum as a currency, and also makes it the perfect “companion” to your crypto-currency investment portfolio.
With all the headlines about Bitcoin, Ethereum, and other crypto-currencies, maybe you’re thinking to get in on the game, but you’re not sure where to start. Should you invest in Bitcoin? Perhaps Ethereum? We found a platform which makes it easy and safe for anyone to invest in any crypto currency. The good thing is that by joining this platform, you can also participate in an active social community of Bitcoin and Ethereum investors and exchange thoughts and ideas as the markets shift. So, if you’re not sure where to get started, here is a step-by-step guide:
So, what do you need to do if you want to invest in Bitcoin?
TRY Bitcoin Revolution FOR YOURSELF
Register a free account in Bitcoin Revolution. Why Bitcoin Revolution? It's a fully regulated platform and a brand you can trust. There are endless reviews about Bitcoin Revolution worldwide, and people are very happy with their services. It is much safer to buy Bitcoins with a regulated brand like Bitcoin Loop Hole than any other service.
It is important that you sign up for Bitcoin Revolution immediately, as we do not know how many openings will be available
You can fund your account via credit card or a bank transfer.
- Sign Up For A Free Account
- Deposit The Minimum $250
- After you have made your deposit, click on the button "Automatic trading", and that's it.
Congratulations! You are now part of the community. Think about this – the most you can lose in the deal above is $250, but the profit you can make can be as high as $200,000 if the value of Bitcoin rises as expected. If you were to make the same deal 6 years ago, that same $250 you just put in would be now worth over $2,000,000. So how much will you have this time next year?