Investing in Bitcoin has been very lucrative in the recent years. Since the time Bitcoin was invented, it has given the world a new currency to utilise.
Bitcoin is a digital currency with a limited supply of 21 Million Bitcoins that will ever exist throughout the end of time. In the last 3 years Bitcoin has gained mainstream media’s attention. Today, It is also used as a medium of transaction for small and medium size business and is being used in many countries as a medium of exchange.
Bitcoin’s Price Action!
In the early 2010s the price of 1 Bitcoin was less than $0.1 and as of today it is $11684. It had reached closed to $20k in 2018. Those who invested in Bitcoin in the early 2010s are either Bitcoin billionaires or millionaires.
It's expensive?
Inorder to define cost, we need to understand the Demand and Supply of Bitcoin. As of today, the volume of Bitcoin transacted in terms of USD is over $20 Billion. And Bitcoin’s average turnover has topped $18 Billion daily. This helps us to show the current demand for Bitcoin.
Supply?
There are currently 18.47 Million BTC in circulation and there can only be 21 Million BTC in existence till the end of time. With limited supply and increasing demand for the digital currency, it’s bound to go up in price. And there are Billions of people on the planet.
With reference to the Fiat currency, (USD, EURO etc) more than 21 Million Bitcoins cannot be printed. Neither can the government control the Bitcoin. Which means, BTC is a currency which is not bound to any power, it’s owned by the people.
How Can BTC Make You A Millionaire!
As I mentioned, if you had invested in Bitcoin in 2010, you’d be rich!
But let’s focus on our future — Shall we?
Bitcoin is one of the most volition trading instrument with β1+. But this volatility is what gives us the perfect opportunity to invest and make our way to Million dollar.
Here’s how: As you may be aware of the concept of Systematic Investment Plan, it helps to average our your buying price. So by utilising this model, we can start investing in Bitcoin.
Let’s assume you had started investing $100 every week in Bitcoin for the last 5 years, your total Investment would be $26k. And your returns? Well!! You would have averaged 39.1% CAGR…! This return is way better than any other instruments out there.
You can find the results below:
Just by investing $100 every week, you’d have made $130’838 (11.26 BTC) till today. A total of 403% returned in Bitcoin in the last 5 years by SIP.
And as we know, Bitcoin is limited and demand has been surging, the price of Bitcoin will continue to rise. By using the sip model, even when Bitcoin falls, you continue to buy it without any hesitation. You will be shocked to see how much you make.
$100 weekly is definately not much! Compounding is the 8th wonder of the world. Don’t miss out on the opportunity.
The data above is of just 5 years. But if you continue to SIP in Bitcoin for next 10 years, you will surely be a Millionaire.
How To SIP?
US citizens have option to buy Bitcoin Bitcoin from Coinbase. And similarly, You can Also use Binance to buy Bitcoins. You have many options to buy Bitcoins as of today. It wasn’t the same back in 2014. So cherris the moment.
To Keep In Mind:
- Keep your investment game high.
- Never stop your SIP.
- Never miss your SIP.
- Never fear short term negative returns.
- Invest before you spend.
- Spread the word.
Screenshots are royalty free, owned by the Author.
Same has been posted on Medium & Ininvestment
Posted Using LeoFinance
Congratulations @steem-bond! You received a personal badge!
Wait until the end of Power Up Day to find out the size of your Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Do not miss the last post from @hivebuzz:
Congratulations @steem-bond! You received a personal badge!
Participate in the next Power Up Day and try to power-up more HIVE to get a bigger Power-Bee.
May the Hive Power be with you!
You can view your badges on your board and compare yourself to others in the Ranking
Do not miss the last post from @hivebuzz: