When it comes to investing, only one rule rules and applies. Often, what is comfortable is never profitable. In its beginning days, a lot of people looked at Bitcoin with such skepticism because they were convinced that a decentralized peer to peer currency would never, in a lifetime amount to much. Well, they were wrong, really long. I don’t think there is a person who lives daily with the burden of regret more than a person who had a golden opportunity to invest in Bitcoin but just let it slide. Anywhere, to break your heart a little bit, here is where you would be if you had just spared a $100 to purchase bitcoins. NB. The prices are estimates, didn’t have a calculator
When 2011 began, the bitcoin was valued at $0.3 per coin. Yes, it was that cheap and amazingly affordable. Using your $100 to purchase your bitcoin, you would have gotten a total of 333.3 bitcoins in your wallet. In 2011, the Bitcoin was highly volatile, it reached the price of $31 by mid-year that year which means your investment would have swelled to a whopping $10 000. Nevertheless, as I said, the Bitcoin was highly volatile throughout 2011 which caused it to close the year valued at $4 which would have reduced your investment to $1500
In 2012, particularly the first four months until May, the overall price of Bitcoin stayed below $5 which means your initial $100 investments would have stayed between $1400 and $1700. Nevertheless, from May to December 2012, the overall price appreciated to close off the year at $13 which meant your investment would have been $4503 by the end of 2012.
2013, the bitcoin begain by taking a hit but I won’t mention the price because it’s really insignificant as compared to what followed. Before I go on to speak on the prices, we can say 2013 was Bitcoin’s toughest year to date as some exchanges were hacked which had a large influence on market price. Nevertheless, Bitcoin received acclaim in China when Baidu started accepting it and this resulted in Bitcoin taking a bullish trend reaching a high of $1 140. Now looking at your 333.33 Bitcoins you purchased with $100, it means your investment would have been standing at around $300 000 by the end of 2013.
In 2914, not a lot happened. It’s only that the Bitcoin took a hard hit in price that saw it ending the year valued at $305 which would have depreciated your investment to $105 000.
In 2015, the prices didn’t vary much. The only difference is that the Bitcoin gained and closed off trading at $400 which would have placed your total investment at about $130 000
2016 saw the bitcoin achieving establishing an upward trend on its price to close at a high of $638 placing your initial investment at $250 000.
I don’t have much to say about 2017 except that you would have ended the year with $4 000 000 in the pocket of you had purchased $100 worth of Bitcoin back in 2011.
But before you give up hope, I have to remind you that it’s not too late to invest in Bitcoin. It’s likely to be valued at $1000 000 in five years. So, right now, even if it’s valued slightly above $12000, it’s still really affordable. Get investing.