I was a lucky man who bought a single bitcoin back when it was $800. In just a short time it has gone up to $11,000. Nice profit, huh?
Forecasts set it to hit $150,000 in two years. Very nice for my early retirement. I don’t need it to retire but an extra $150,000 would be some seriously nice padding.
I also bought 19 Litecoins at $50.00 each. Now they are up to $100. I don’t expect Litecoin to be as meteoric as Bitcoin but more is better. I’ve already doubled my money in one month.
There are two schools of thought on Bitcoin:
1. It is a bubble that is going to pop soon.
2. It is the future.
People in the “Bubble” camp are either the media looking to make up some news for you to click on, or those who wish they bought it when it was cheap and are now very sad and bitter.
Those of us who are owners are more in the line of future awesomeness.
Personally, I don’t know. I’m certainly hoping for the awesomeness. I don’t see where it is a bubble. It is just going to become more and more scarce as mining becomes more difficult and more companies are adopting it. With scarcity comes value. Some are predicting it to be worth 1 million. 🙂
At most, I have only $800 invested in Bitcoin so there’s not much to lose and all to gain.
It’s not too late for you either. Surely you can’t afford to buy a whole Bitcoin at $11,000. I wouldn’t either. You don’t have to buy a whole coin. You can still buy any amount you want. If you had purchased $500 worth on Friday, you would have made $100 by Monday as it went up 20% over the weekend. It’s not getting any cheaper so you better hurry!
Go to coinbase.com. Sign up. Buy Bitcoin and/or Litecoin. Profit.
Get in on the ride! It certainly is fun.