So great would be your fortune if you had bet on Bitcoin from the beginning

in #bitcoin7 years ago

With a decade of trajectory behind it and a value that rises irregularly but constantly, the Bitcoin is still seen by many with suspicion as an investment value . If it happens with stock exchanges and even with those shares that some banks give away to their customers when opening an account, a decentralized currency and related to speculation and cyber attacks would not be less.

However, the cryptomoneda created by the person (or persons) refugee after the pseudonym Satoshi Nakamoto has proven to be a profitable upward value that has already provided plentiful benefits to those who bought bitcoins with the intention of increasing their heritage. "Those of us who thought that Bitcoin could be used to buy things made us wrong," acknowledges the blockbuster technology expert of the Barrabés Group , Alberto Gomez Toribio , to HojaDeRouter.com . "For a number of reasons, Bitcoin is evolving into something more like a value reserve element ."

The reasons are many and varied, but before analyzing the possible reasons, it is worth measuring the size of that train that has already lost the vast majority of people who did not decide to bet on Bitcoin. To open the mouth, just check how much is valued the cryptodivisa today . At the time of writing these lines, a bitcoin is worth a whopping 2,175.44 euros .

It all started at the end of 2009. Although the origin of Bitcoin dates back to months before with the document signed by Nakamoto , it was not until then that someone was encouraged to establish the first type of change. It was New Liberty Standard , which promoted the first purchase service of bitcoines based on the cost of electricity needed to generate one of these young digital coins . That first rate was set at 1,309.03 bitcoins for each US dollar, which at that time was exchanged for about 70 euro cents. The increase is obvious.

With this data you can draw two possible scenarios. On the one hand, that of a pioneer who mined bitcoins in the early bars of cryptodivisa and, on the other hand, that of a shrewd investor (if it is ahead of his time) who bought bitcoines for fun, as an experiment . In both cases, today they would have a current account of the most succulent.

The first block chains obtained had a reward of 50 bitcoins . That figure, which is reduced by half every 4 years (approximately) and is now in the 12 bitcohes and half released every ten minutes, would be the one that would have taken our alleged miner of 2009 thanks to a standard CPU. That was an unrepeatable moment: to date, the supply is lower and the hardware used for Bitcoin mining on farms is far superior (and consumes much more ).

In this case, the accounts are quite simple to do: a visionary who tried to mine bitcoines and leave it after obtaining its first block, could have conserved 50 units of the cryptodivisa. A few months later, he would not have been able to sell them for more than 3 cents, which, at that time, did not exceed 2 cents. However, the time has been quite generous with this miner, who has not only kept his 50 bitcoins, but has decided to sell them today. For this operation, will enter 108,772 euros .

However, those who already launched in October 2009 to buy their first bitcoines and keep them almost eight later are even more than congratulations. Assuming that this imaginary investor (although there are, there are) bet on the creation of Nakamoto with that first rate of exchange stipulated by New Liberty Standard, it is possible to imagine that, for very few dollars, buy thousands of bitcoines. Do you smell the cryptomillionaire?

They were times of abundance: in a single day, the block chain gave rise to thousands of bitcoines . So, if for a dollar (70 cents of euro of the time) were obtained more than 1,300 bitcoines, why not invest some innocent 3 euros in that new world of the criptomonedas? Exactly, the same thing that cost the ONCE Cuponazo one January 2010 , with a similar probability that the story had a happy ending. But go if it was in the case of cryptodivisa.

Those 3 euros equaled little more than 4 dollars. An insignificant figure that served to buy 5,497 bitcoines previously mined by others. A bargain, a game, an experiment. Preserved to date (unlikely, in fact), these bitcoins would be valued at almost 12 million euros . Calculating the profit from the sale is simple: once the three euros initially invested are discounted, you would only have to reserve a good pinch for the Treasury, which will claim part of the sale in the declaration of the following year .

"It is very similar to the sale of shares," explains Gómez Toribio. Given that the bitcoins have been preserved for about a decade, fixed rates would be applied which would make our investor have to pay about 3 million euros for that profitable sale of crypto-currencies. We are all treasury, including bitcoins. In short, the result of the profit would be about 9 million euros .

It was not until February 2011 that the exchange rate reached the dollar per bitcoin, which was still a juicy purchase at that time, although it required a much greater investment: reaching the bitcoins of our primeval investor seems unlikely (few In their right mind would have paid more than 5,000 euros for a cryptodivisa that had hardly lifted the flight in a year), but the buyer of 2011 would also have a good pinch today.

Why not bet with a few hundred euros for that extravagance called Bitcoin? By then, the euro had already surpassed the dollar, so with 200 euros (274 dollars of the time) would get 274 bitcoines. Saved for six long years, today could be on sale for the not insignificant figure of 596.070 euros. Something more than 150,000 euros for Treasury in the next declaration and those 200 euros initially invested would leave a profit of just over 400,000 euros . Nor is it bad in exchange for having bet on what seemed crazy more than a lustrum.

THE GROWTH OF 2017

Gómez Toribio points to several probable reasons for Bitcoin's rise in value in 2017, which has reached record highs for crypto-divya. Beyond the pure and hard speculation, the events that are expected for the next months have caused a similar situation (although multiplied) to which the actions of Apple stock in the hours before their desired 'keynotes' .

"In August, people who have installed Bitcoin software will check whether or not a new functionality is provided for in the code and, if activated , Bitcoin will be revalued, " explains blockchain technology expert '. Among other things, this new feature will allow the blocks to expand their ability to transfer information, "so that more transactions can be done per second." Bitcoin will be more efficient and, a priori, expected to increase its value even more.

However, the characteristic volatility of Bitcoin (in what has taken time to write this article has changed several times, and is now at 2,146 euros per bitcoin) makes any small detail make its value alter. In fact, Gómez Toribio also points out as responsible for the current price increase to the media WannaCry . "Not because people have paid, but because it has been on television, and when Bitcoin is on TV, there are people who buy simply because they want to try and make the illusion of being rich," he explains.

Who knows if, by investing thousands of euros in Bitcoin today, one could become a millionaire in a few years. "Every four or so, the issue is divided in half, and if there is a reduction in supply, the price will increase, " recalls Gómez Toribio. That yes, " without taking into account what can happen in terms of speculation, regulation and other aspects". Be that as it may, those who knew the creation of Nakamoto in his first bars could now be enjoying his fortune (or deeply regretting not having bought bitcoines).

FOLLOW ME, VOTE AND SHARE

Sort:  

nice post! :-)

Congratulations @boricuapr! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of comments received

Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

If you want to support the SteemitBoard project, your upvote for this notification is welcome!

Coin Marketplace

STEEM 0.19
TRX 0.14
JST 0.030
BTC 63569.77
ETH 3424.28
USDT 1.00
SBD 2.50