Only a few years ago bitcoin was worth only a fraction of it’s price today. I can personally remember when the cost was under $300. Even though $300 might sound like a high price for a cryptocurrency, it’s measly price compared to whatthey sell for now.
At the time of this writing, a single coin comes in at a whopping $10,579.88. Many don’t and can’t understand the appeal or logistics of investing into Bitcoin and other cryptocurrencies alike, such as: Ethereum, Litecoin, Ripple, etc but it isn’t really that hard to understand.
The trend throughout the conception of cryptpocurrencies has been an easy one to watch and predict. Simply put, the bigger companies are all showing growth. As to the smaller cryptocurrencies it’s harder to tell, but in likeness they will probably follow the same trend as the others.
Many ordinary people who saw the promise of Bitcoin’s success early on are now enjoying the fruits of their investment.
When the coins were first invented in 2009 by Satoshi Nakamoto, which is an alias for the unknown creator. Only a year after bitcoin was created in 2010, the coins we purchasable for as little as $0.08, and with them being worth over $10,000 now, it’s easy to see how people have made their money back exponentially.
As an example of this, a man who goes by the name Koch, bought 5,000 bitcoins for a meager $
27, which is now worth a staggering 886 thousand dollars.
Since the price of Bitcoin has skyrocketed, people are weary in becoming new investors due to fear of a drastic decrease in their worth or because a single coin costs so much, but it’s not too late invest in the cryptocurrency industry.
Crypto currencies like Iota, Cardano, and Vertcoin are still obscure enough to be invested in for relatively cheap, so don’t let the high prices you see deter you.