Have you imagined being able to travel back in time when BITCOIN just started? I always think hindsight is a wonderful thing.
In 2011, buying 250 BTC at the price of $0.30 is only for a total of $75.
As per Wikipedia, in that same year, the value of one bitcoin rapidly rose from about US$0.30 to US$32 and then again return to US$2.
Today the Bitcoin price is $5774.68 per BTC. So to do the simple math , 250 BTC at $5774.68 is a massive amount of $1,443,670.
Isn’t it awesome if you have bought BTC in 2011? Today, your $75 worth of Bitcoin and 6 years of patience could worth around $1.5 million US dollars.
Why am I sharing this little research to you Dear Monspace family and friends?
Because it is crystal clear, that some Monspace members ended up too anxious and too impatient. We almost forgot that it just recently entered ICO on the 10th of October. We keep a rallying cry for the price to rise sky-high. However, if we are to be more logical, we should understand that it won’t happen in a very short period of time.
Some members of the community, for some time after, massively dump the coin and jump too soon trading to get some few dollars.
I was a firm believer before that the best place to store your money is with Gold, the next day they say invest in traditional businesses, then someone told me just keep it as a money. And then back in 2016 here comes Bitcoin, Stocks, Real Estates and more and more Cryptocurrencies. It is confusing what to do.
So on this beautiful Saturday morning, as I am enjoying a glass of milk, munching some overly sweet TimTam Black Forest biscuits, I stare out the window and listen to my gut feelings.
I think, just like me, it is important to make one final decision where to bet and build our assets before the end of this year.
My gut instinct is telling me to HODL MSD. Build a room for digital assets. Think about Bitcoin, if you and I had bought it from the start, we are definitely the richer version of ourselves this year.
It is certain that the Cryptocurrency market would remain unstable. It can be full of changes and chaos. But focusing on the day to day fluctuations means engaging yourself to overthink and before you can stop yourself, you get emotional about it counting a possible loss. And yes, it will be a complete loss to sell while the price is unimpressively low.
In my opinion, this cryptocurrency era is a long way to go. The second wave of wealth revolution is only about to happen and develop further.
5 to 25 years from now, the MSD we buy today for $0.10 or less will be, in some instances worth $100+. KEEP CALM. Focus in helping to grow the cryptocurrency community where you placed your best bet. Do not get overly consumed of the trends and fads of ICO and computer servers making decisions.
Buy thousands of MSD today while the price is low and come back after a year or more. Give enough time for the currency to develop its global value. Let Monspace explores the global economy and MSD be a SHOOTING STAR in the world of cryptocurrency by the passing of time.