If you had bought Bitcoin for $ 1,000 10 years ago, how much money would you have today?

in #bitcoin3 years ago

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Of course, if you were not tempted to sell them by now, you would have so much money. The increase in the value of Bitcoin is an increase that should be mentioned in the entire foreign exchange market, writes lajmi.net. In just 12 years, cryptocurrency has been transformed from a currency with no monetary value, into a currency that has reached the value of over $ 60,000 in a very short time. And investors who took bitcoin in the early days of creation and kept it to this day, are getting dizzying profits.

But of course, we can not go back in time and change our actions. But what would have happened to your life if you had invested in a worthless currency 10 years ago? Well we have a simple example for you. Let’s say in May 2011, you decided to buy bitcoin worth $ 1,000. At that time the exchange value for bitcoin was $ 3.50, which means that with that amount of money you would be able to buy approximately 286 bitcoins. The value of bitcoin as of April 27, 2021 was $ 54,680. Let’s say you found the right broker, and you haven’t lost a bit.

That means today, you would have 286 bitcoins that would be worth $ 15.6 million today. Sure, most likely you would have been tempted to exchange currency once it hit the $ 100 value for the first time, but all this is an assumption, that if you would never exchange them. Most people who have traded currencies like bitcoin have sold most of the bitcoin they have had in the first rise in value, e.g. when bitcoin reached the value of $ 1,000 or $ 10,000. But those who did not make exchanges by betting with all that money, today have won much more. It would be nice to be one of them, right?

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