BITCOIN: $1k invested in 2010 is now worth $9m ..!!
$9m BITCOIN INVESTMENT
If you had invested $1,000 in BITCOIN in 2010 you would have been able to have purchased 10,000 Bitcoins.
Today that very same 10,000 Bitcoins are now worth a cool $9,000,000..!!
Some say that BITCOIN is nearing the top, personally I see that it hasn't even scratched the surface of reaching a true valuation.
I am asked constantly where I think BITCOIN is heading and I simply say, $1,000, $2,000, $3,000, $5,000, $10,000, $50,000, $100,000, $1,000,000 .... simply pick your number..!!
Valuing BITCOIN you are in essence valuing BLOCKCHAIN against the CORRUPT and RIGGED Global Financial System that is now on the verge of collapse.
I am also asked which area of the Global Financial System is most vulnerable and at risk and simply say, "all of it..!!"
The Global Financial System is on the brink of a catastrophic Systemic Failure as it experiences Leveraged Forces that it simply was not designed to take.
These Leveraged Forces are in the form of DERIVATIVES, DEBT and PENSIONS that are now so highly indebted that they are actually WORTHLESS..!!
It is the pure fraudulent mechanism of the System that is keeping the System alive.
BITCOIN is $900 not because it is worth $900, it is $900 because the Global Financial System is actually a NEGATIVE BURDEN that is LOOSING VALUE..!!
2016 was a great year for BITCOIN but 2017 will be even better..!!
Thanks for reading.
Stephen
I remember when I first heard of Bitcoin and it was sub-one dollar. I thought it was a fad. Wow, was I wrong.
My first investment in Bitcoin was in the hundreds earlier this year.
I have heard estimates of $1,000, $10,000, and even $1 to $5 million. Given the number of people on the planet and the upper limit of the number of BTC, one or more of those targets may be hit.
For now, I am going with the target of $1,000 per BTC then a pull-back to the $800 range before a renewed push higher.
Thanks for your post!!
Steem on,
Mike
"I remember when I first heard of Bitcoin and it was sub-one dollar. I thought it was a fad. Wow, was I wrong."
In 2022 people will be saying the same thing about STEEMIT..!! Stephen
I hope I don't have to wait to 2022. At the speed things are moving (accelerating even) it should be much sooner.
Steem on,
Mike
Have you haver by any chance margin trade bitcoin? @stephenkendal @etcmike?
I Invest a little bit in BTC each month. I do not trade it, meaning buy and sell BTC from BTC to USD and vice versa.
Interesting Opinion! I think so like-wise but there is a lot opportunity for Bitcoin so there increase in price should be of not surprise. Many say it go be pass 2000$. Time can only tell as it's a speculative Market! But recent spike increases show Support for Bitcoin is strong, but remember there are alt-coins ;) Steem is way cooler than holding Bitcoin for speculative gain. There will always be value for STEEM thats for sure! Merry Christmas, please keep on steeming @etcmike @stephenkendal ! together we can support Steemit!
When BTC reaches $1k USD, I may buy STEEM with a portion of my BTC holdings. Once BTC reaches $1k I expect a pull-back to the $800 USD area. That is when I will make more purchases of BTC. Then hold for the upleg that pushes BTC through the thousands to its next level in the $2k area and beyond.
To date I am only an investor. I accumulate BTC then use a portion of that to buy STEEM. As I prepare for retirement, I see a benefit in holding BTC and STEEM as a means of diversifying out of fiat. After I retire I will be reversing the flow from STEEM to BTC to USD.
I view crypto-currencies as another way of diversifying my portfolio in addition to stocks, bonds, real estate, gold, and silver. At this time crypto-currencies represent a small percentage of my overall portfolio. That could very well change if BTC takes off next year (2017).
Have a very Merry Christmas!
Steem on,
Mike
It sounds interesting, i was planning to do so at around 1k usd as well. The price of STEEM is just right to buy ! Always good to hear from you! Have wonderful holiday my friend! Feel free to visit Penang here in Malaysia where i run a Guest House, would like to meet the friendly Steemians out there!
This is so true. Well put.
"Valuing BITCOIN you are in essence valuing BLOCKCHAIN against the CORRUPT and RIGGED Global Financial System that is now on the verge of collapse."
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Another good article of yours, Stephen. I had to quote you in my take on explaining crypto to the newcomers, here: Bitcoin thermometer. Merry Christmas, and keep up the good work!
Thanks. Merry christmas. Stephen
In 6 years we will look back and say something similar.
What is everyone's Gut Feel on ETH as well?
:( missed out but there are plenty new opportunities out there! Remeber watching video where bitcoin was used to pay for a bitcoin. Turns out the pizza was worth over thousand dollars now! This is insane !
I feel sad today for spending BTC on Silkroad in 2013, coul been milionair now :p
But it stil not to late to join this train, it would ewer only be 21 milion coins tottal, think about that is even far away from 1 coin each.
100 000 each are not a bad guess.
Shared on twitter to give STEEMIT a little Christmas Cheer..!! Stephen
https://twitter.com/StephenPKendal/status/812394427704573952
Disclaimer: I am just a bot trying to be helpful.