Bitcoin-This is a question I answered on Quora about Bitcoin!
Do you know anyone who has become a US dollar millionaire due to early investing and/or mining in Bitcoin? What made you decide to invest? Was it the concept that initially attracted your attention?
Yes, He’s worth $3,000,000 today at $10,000 a coin.
A friend of mine bought 1,000 bitcoins for about $100 that’s $100,000 in 2013. It went up to $300 a few months later, that’s $300,000. His parents hounded him to take some profit, so he reluctantly sold 700 coins and made about $140,000. in 2013. He said he would never sell the other 300 even if it went to zero. It hung in a range going up to $1,000 for 4 years, but now. His 300 coins are worth about $3,000,000 today. Wow!
Why did he buy?
Why did he buy? He read a lot about it, he believed in the potential. He kept telling me to buy some. I didn’t! I could have bought a few but didn’t have much money then. There is a limited amount of bitcoins, there will never be more. Bitcoin is the gold standard of cryptocurrency. When he bought it, it was not being accepted by everyone, but he felt it was only a matter of time. he was right.
He told me it could go to nothing, or be tremendously successful. He felt it was the future he said he was taking a chance. I recently asked him, “Are you going to sell part of your bitcoins?”
He said, “Nope, I am in it for the long haul.”
The Old fashion Way To Get Rich
If you missed buying bitcoin cheap, there is another way to get rich.