One of the most popular searches by crypto investors and dreamers alike is, “If you invested in Bitcoin 10 years ago, how much would it be worth today?” Admittedly, it’s a fun exercise and a reminder of the opportunities that exist in the market.
To play along with this simple example, you can use any Bitcoin return calculator.
Okay, here we go…
If you had invested $100 in Bitcoin on day one, you’d be a millionaire multiple times over.
If you had invested that same $100 in Bitcoin 10 years ago - say on July 17th, 2012 (when Bitcoin was trading at $8.50) - you would have made a profit of over $233,000.
On the other hand, if you had invested that same $100 in Bitcoin just last year (July 17th, 2021), you would have realized a loss of over $34. Timing is everything.
Why is this information important? Investing in anything includes risk. Cryptocurrency as an asset class is exciting and there are huge opportunities out there waiting to be taken advantage of, but there are losses out there to be had as well.
Whether you are a veteran investor in the crypto space, or you’re entirely new to the concept, you have to know that there have been some serious ups and downs in the values of the different crypto coins, tokens, NFTs, and many other facets of web3.
It pays to do your due diligence before you dive into any investment, so learning from experienced crypto traders and investors is a critical perspective you want to have. Our team of pros created Crypto For Mere Mortals for just this reason.
What does Crypto For Mere Mortals include?
You get live coaching with easy-to-understand concepts, and all the resources you’ll need to feel confident navigating the brave new world of crypto, the blockchain, web3, NFTs, DeFi, Dapp, DAO, and much more. Learn as you look over the shoulder of our experts and participate in live weekly Q&A sessions where you’re supported by a community that wants to see you thrive.
Knowledge is power, so put yourself in position to succeed. Forget the last 10 years. Learning the basics - or enhancing what you’ve already learned - is critical to your success over the next 10 years.
As we’ve already explained, there is risk with any investment and crypto certainly has risk. But there is also an opportunity there for the average person to make incredible gains not seen before in any of our lifetimes. Be smart, spread your investments out, and don’t invest more in crypto than you can lose.