How much you could have made if you invested in Bitcoin
The price of Bitcoin has broken through the $4,000 mark, reaching $4,200 on 13 August.
How much you could have made if you invested in Bitcoin
How much you could have made if you invested in Bitcoin
The price of Bitcoin has broken through the $4,000 mark, reaching $4,200 on 13 August.
If "ifs" and "buts" were candy and nuts, we'd all have a merry Christmas.
It's surely interesting to see the overall growth of Bitcoin over the years, but yeah only a fool would've invested R50k in Bitcoin in 2013. And now, well the Bitcoin market looks too much like the Sirens of Greek mythology. They will lure you in with their sweet song, but the end is always the same. Bitcoin will grow, I have no doubt in my mind. But it will always have a ceiling it can't breach without more traditional financial instruments and, dare I say it, regulation. Without these, the currency will continue to be a plaything, never getting the true respect it, and the rest of the internet it seems, demands. Without more securitization, the big investment firms will not adopt the currency itself. No, what they will do is hedge the technology behind it to create a different crypto-financial instrument, something very similar to CDCs from before 2008, and bet big on that. That you will see growth from, growth they understand, and even better, and control. Shit, I despressed myself with that thought actually...the greedy bastards!!!
Yip, too true. Same has been done for Naspers and Capitec.Originally Posted by DieGrootHammer
T A N S T A A F L
Those, fools (if they held on to their coin) are rich now.
In 2015 the value of Bitcoin plummeted and lost 90% of all it's value. Any investor in the world has a far lower stop-loss than 90%. Bitcoin was close to obscurity and on the brink of being regulated to death and just completely lost to history. So yes, anyone that was investing in Bitcoin at this time were fools. They were gamblers, rebels and cowboy types. Their bet paid off for them this time, but it doesn't make them these genius savant investment gurus. There were no indication whatsoever that Bitcoin would increase this insanely in value. The growth and potential was only realised in the last few months.
Any honestly, the only way to distinguish between a foolish and a smart investor is the outcome of their bet. At the end of the day if all indicators are against you, but you still endure and it pays off, everyone thinks you are really clever and amazing. The truth it these things can, and usually does, go both ways.
Looking regressively like this you can pretty much look at any good company right now. What about Apple? their stock fell through the floor, the company was close to insolvency, and now they are the first or second most valued company in the world. You would've been a raving lunatic to invest in Apple stock then, yet if you did you would've been so rich.
Hindsight is 20/20.
I invested R1000 a couple of years back just in case. It's now worth a ton more! It was a gamble a though. It's money that I put in and didn't expect to get back.
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