It is a bubble, bubble, bubble….they chorused. It will bust, bust, bust….they prophesied.
You took the bait, I took the bait. You kept your hands crossed. I kept my hands tucked into my pocket.
In 2009 when it first came, Bitcoin was only $0. Then in 2010 when exchanges started to trade in it, it went only as high as $0.38, the highest for that year.
Yes. You read it right, just $0.38! It never reached $1.
Had you bought $100 worth of Bitcoin then, even if only for a test ride, how much would be in your wallet now? What would you be now, if not a billionaire?
In the year 2011, the market value of bitcoin was as low as 30 cents per Bitcoin. Had you bought $100 worth of bitcoin then, you would have received averagely 333.33 Bitcoins as your first purchase.
Absorbing all shocks that played into its value, but finally trading at $4.72 by the close of 2011, your $100 investment would have turned into a whooping $1,573.32.
By December 2012, your $1,573.32 turned $100 investment, trading by the close of 2012 at $13.51, would have appreciated into $4,503.29 gold mine, and by 2013, it would have been worth $4,503.29….and so on and so on
What is the point? Simple, Bitcoin is the future. While you are listening to those Christening it a bubble, and prophesying its inevitable bust, enthusiasts are thriving and becoming millionares.
So will the value of Bitcoin keep rising? Is it too late to buy into it? The answer is No. A fat NO.
Ronnie Moas, the Founder and Director of Standpoint Research, and the man who foresaw Bitcoins incredible rise this year of 2017, now says Bitcoin’s price could hit as high as $400,000 one day.
“The end-game on bitcoin is that it will hit $300,000 to $400,000 in my opinion, and it will be the most valuable currency in the world,” Moas said, as quoted by CNBC.
Fantasy? Maybe, but that was what Bitcoin detractors said in 2010, in 2012, in 2013, in 2014 and even now. That is what they will say in 2018, despite Bitcoin continuing to surge forward in value, and indeed, now entering and dominating the mainstream financial nexus.
The good news, nonetheless, is that few people are listening to them now, as more and more people, more and more institutions and more and more government’s buy into the Bitcoin boom.
While you remain chain bound in the delimitations of fear, risk takers are gathering daily harvest.
First the world distrusted it. But then it started to consider it. Then it was forced to accept it. Now it is beginning to Love it.
I don’t know about you, but for me i am liberated. Bitcoin is the future. Invest in it now.
