Btc to the Future: Bitcoin price in 2013 verses 2021
I started a bitcoin blog in March 2013: https://bitcoingazillionaire.wordpress.com/
Back then, I was buying bitcoin and wanted to share "how to" information about this curious invention -- so others could learn how to do the same. But never really dedicated the time to develop the site, as I had two other businesses (and another bitcoin site) taking up my time. So what was the price of bitcoin in March of 2013?
"Bitcoins now trade at $88.00 each, up from $47.00 on March 16, 2013, according to data from Mt. Gox, the currency's main trading exchange. That compares with just $0.05 per bitcoin in mid-July 2010, when Mt. Gox first started tracking prices." (Mar 28, 2013--Bitcoin prices surges as post-Cyprus bailout)
As I write the price is over $3,500.00, and many folks feel they missed out. I don't think so. I was still buying more when it recently dipped down below $3,200.
Riddle me this. If you bought and held $500 worth on March 16 at $47 each and then another $500 worth on March 28 at $88 each, the $1,000 you put into "savings" could be cashed out today for $57,120. Yep, up over 5,700% in the last 4 years. But then...
If bitcoin did that again over the next 4 years, the price of bitcoin would be $200,000... each. So, buying five BTC today for $17,500 and holding until 2021 would make you a bitcoin millionaire... unless of course you're already a bitcoin gazillionaire.
Imagine gambling just $1,000 back in 2013 where you're now sitting on $57,120 worth of bitcoin today. And then 4 years from now having $3,255,000... from only a $1,000 stake? Amazing. Let's not even discuss those anonymous folks that bought and held bitcoin for $0.05 or less each.
Look. You need to do some bitcoin research and decide if and how much bitcoin you're going to sock away for retirement, perhaps even an early retirement. When you delve into the economics behind all this, it won't be so mysterious and you can make some smart, common sense decisions. Whether you're a newbie or a pro, start here and watch this excellent video: