Ever had a case where you wished you had bought something in the past that eventually went up significantly in value? Perhaps a plot in a low-value district which is now worth ten times more? Does that ring a bell? With so many amazing stories surfacing like Kristoffer Koch, Erik Finman, and Jay Smith*, it seems the enormous rise of Bitcoin has been officially making ordinary people who invested in Bitcoin into millionaires.
Monday marked the seventh anniversary of what is said to be the first recorded instance of Bitcoins being used in a real-world transaction. Over the course of seven years, Bitcoin’s value has multiplied 879,999 times. If an investor had decided to spend five dollars on about 2,000 Bitcoins back then, that stake would be worth $4.4 million today. With $1,200 spent on some 480,000 Bitcoins, the investor would be worth at least $1.1 billion today.
At first, Bitcoin didn’t really catch on, and it was solely the domain of the early adopters. There were very few businesses which accepted Bitcoin as a payment method, and it was something which was almost frowned upon by most governments. As more and more businesses and governments accepted Bitcoin, it gradually went up in value, more and more people were starting to embrace the idea of a decentralized currency, and as more people jumped on board, the price began to rise. Since the beginning of the year 2017, the value of Bitcoin spiked after gaining legitimacy in countries like Japan.
The main advantage of Bitcoin is that it is decentralized – meaning, there’s no central bank or government which controls it. This freedom is one of the reasons why Investors have come to see the currency as something of a safe-haven-asset in a problematic geopolitical world — and there’s been plenty of that in recent months in Europe, Russia, Brazil and the United States. There is also an additional advantage in Bitcoin – there is a mathematical limitation to the number of Bitcoins that can be created, which means – no printing money, so the rules of economy work perfectly. Where there is a limited supply of something, and the demand goes up, the price goes up along with it.
Wences Casares has been called Bitcoin’s “patient zero” by the Silicon Valley elite. He introduced Reid Hoffman and countless other luminaries to Bitcoin at gatherings of the rich and famous such as Sun Valley.
The Argentinian-born Casares has founded an internet service provider, a video game company, and a bank, plus he sits on the board of PayPal, but it’s Bitcoin that Casares says he’s dedicating the rest of his life to, and he now runs a startup called Xapo that stores Bitcoin. At a dinner organized by the cryptocurrency policy group Coin Center in New York last night, Casares delivered the keynote speech, including some advice about how to get into Bitcoin.
The formula, according to Casares? Take 1% or less of what you own, invest in Bitcoin with it.“You either lose one percent of your net worth, which most people can take, or you make millions.” he told a room of cryptocurrency advocates at the Westin in Times Square.
Casares pegs the odds of Bitcoin failing completely and going to zero dollars at 20%. “If it fails, it will be worthless,” he says. “If it succeeds, in five to seven years a single Bitcoin will be worth more than a million dollars.” He puts the chances of success at greater than 50%.
Casares has an interesting reply for those people who believe they have already “missed out” on the Bitcoin train and are afraid that they are joining too late. He said even those who bought Bitcoin at high prices as recently as a month ago have done “spectacularly well”.
But it’s not just Bitcoin making the headlines, the crypto-currency market is spearheaded by another crypto-currency called “Ethereum” and if you haven’t heard this name yet hear this: Its price grew over 5400% in the last 6 months alone. In fact, the price of Ethereum grew from $7 in the beginning of 2017 to a high of over $400 in June 2017, and there are very good reasons for it. While Bitcoin is mostly used for consumer payment transactions, Ethereum has been adopted by the corporate world. In fact, Ethereum has already been embraced by companies such as Microsoft, Intel, Toyota, J.P Morgan, as well as many other companies which are all official members of The Ethereum Enterprise Alliance (EEA). This corporate acceptance adds a lot to the legitimacy of Ethereum as a currency, and also makes it the perfect “companion” to your crypto-currency investment portfolio.
With all the headlines about Bitcoin, Ethereum, and other crypto-currencies, maybe you’re thinking to get in on the game, but you’re not sure where to start. Don’t worry, you’re not the only one – Until just recently, Bitcoin investors had to deal with complicated “wallets” that took hours to setup, alpha-numeric codes sent to your email, and complicated installations of mining software.
Fortunately, there are now easier, more secure and fully regulated ways to invest in Bitcoin, and we at CryptMarkets have put together easy step-by-step guides that will show you how with just a few clicks of a button, you too can become a Bitcoin investor.
Click this link to register a free account with MaxCFD.
MaxCFD is a reliable platform and a brand you can trust. There are endless reviews about MaxCFD worldwide, and people are very happy with their services. It is much safer to buy Bitcoins with a regulated brand like MaxCFD than any other service.
Make the minimum deposit of £ $ € 200 or more, depending on the amount you wish to invest.
Once you’ve made your deposit, click the “CFD” button like the arrow shows below, a search bar will open, simply search for the word “Bitcoin,” and select it.
Now that you have come to the “Bitcoin” screen, put the amount you wish to invest in the Stop Loss / Investment field (marked with a red arrow), this is the amount you will invest in Bitcoin. Set the “Take Profit” field to the amount of profit you want to make, assuming the Bitcoin price rises as expected, for example, in the image below we invested €500, and as soon as the Bitcoin we’ve bought is worth €150,000 – we will sell it back for cash. But of course, feel free to set it according to your own personal financial goals.
Click the “Apply” button, and you’re done.
You are now part of the Bitcoin community. If the price of the cryptocurrencies you have invested in rises – you can withdraw your money from MaxCFD as cash… whenever you want. Think about this – the most you can lose in the deal above is your initial deposit, but if you invest in Bitcoin for example, the profit you can make can be as high as $200,000 if the value of Bitcoin rises as expected. As an example, if you were to buy Bitcoin 6 years ago, your $250 investment would now be worth over $2,000,000. So how much will you have this time next year?