Two basic rules of investing in the Bitcoin
Who Wants to Be a Millionaire? This may possibly lead to almost everywhere cheerful chorus, "I am." The only question is, who can get a similar answer - "Who wants ice cream?" Stories from rags to riches inspiring things.
If we are talking about Bitcoin, there are many reasons to believe that cryptocurrency right to create prosperity. Even a small amount of Bitcoin has made people extremely rich. In December 2015 The Guardian reported case Krystaffera Koch, a Norwegian who bought $ 26.60 bitkeyna in 2009. Koch for his investment acquired a total of 5,000 Bitcoins, which is worth 886 thousand dollars last year.
Let's move on to today and Kristoffer investment will be worth $ 4749.550.
Let's stick to Mr. Koch and try to see if we can identify patterns, which you can also become a millionaire Bitcoin.
Keep all your coins
The first line of each investment - is buying and holding. Even the legendary Mr. According to The Guardian, Koch sold some of their holdings:
"Koch bought a fifth of its 5000 Bitcoins and created enough crowns to buy an apartment in Tøyen, one of the richest areas of the capital of Norway."
If we think of the Bitcoin, it is, at least, has doubled in comparison with January 2016 to December 2016. Who would not tempt earn part of the profit and quickly to earn money and spend it on a vacation or a dream home? to buy?
This is understandable, because people find it difficult to postpone the pursuit of happiness, if they can achieve this today. This is a big problem not only for investors in the Bitcoin, but also for everyone who owns the asset. It would be quite foolish to not make a profit once in a while, but you have to follow most of your the Bitcoin, if you want to profit from the currency.
Remember that Koch had forgotten Bitcoin, which he bought for almost six years ago. It is best to forget their belongings, as well as patience, if you want to make serious money.
Keep them safe
If you have a Bitcoin, do not forget to keep them safe.
Here are some ideas on how to do it. Remember that you should not leave their wealth to lie with others, for example, in exchange for hot purse. Save Bitcoin in the portfolio for which you manage private keys. In fact, investing in hardware purse.
Also make sure you have a reliable person who has access to your the Bitcoin, so if something happens to your capital base, at least, your heirs can benefit from this. These are the main things. Do not lose money and the greater the value of the Bitcoin gets, the greater the chance that you will become a victim of theft.
Let's go back to the case of Koch, who has forgotten their password and nearly lost access to all its fantastic wealth. Memorize your passwords for people and save your Bitcoin security.
How much you make Bitcoin Millionaire
This question, of course, difficult to answer. Bitcoin is very unstable, and you can earn or lose money if you invest today.
The second problem is that if you want to be a Millionaire: it would take two years? 10 years? 35 years? Will the dollar more valuable currency? That could buy a million dollars in the next 50 years?
Of course, we can base this on the hypothesis that everything will be normal and that in the coming decades can be a small amount of inflation, and that you will be fabulously rich, but unfortunately, there are no guarantees in life.
However, there are stories and stories to cheer up. In 2010, a computer programmer Laszlo, based in Florida, paid a whip for the pizza, which he found in the 10,000-bitcoin. Today, this pizza will cost about 9.52 million dollars.
Therefore ekspanentsyyny growth of Bitcoin is encouraging many people. According to Fran Strajnar BraveNewCoin.com: "There is a 50/50 probability that the BTC 100 will cost $ 1 million in 35 years." 100 BTC worth nearly 95 000 dollars. We can only say that the early believers made it easier and that the costs of the transfer of your participation in the Bitcoin only make it difficult to become a millionaire Bitcoin.
Adds Dominic Zynis, Wings.ai adviser "to the end of 2020 $ 100 billion would be $ 1 billion. I made this prediction in 2011".
The moral here is that everyone should have some impact cryptocurrency in particular Bitcoin. After all, if Mr. Koch did not believe in Bitkin not bought them in the first place, he would not earn money. Happy investing and, quoting from a cheap Hollywood movie, "the odds ever be in your favor."
