Post
Topic
Board Economics
Re: Want to Be a Millionaire? Two Main Rules of Bitcoin Investing
by
gabmen
on 01/01/2017, 10:49:06 UTC
When it comes to Bitcoin there are many reasons to believe that the cryptocurrency has the power to create wealth. Even small amounts of Bitcoin have made people incredibly wealthy. In December of 2015, The Guardian reported the case of Kristoffer Koch, a Norwegian who had purchased Bitcoin worth $26.60 in 2009. Koch acquired a total of 5000 Bitcoins for his investment, which at last year’s rate was worth $886,000.

A nice article that you should read : https://cointelegraph.com/news/want-to-be-a-millionaire-two-main-rules-of-bitcoin-investing

The guy' s a bit lucky i think, if it were true. 26.60 is pretty much a forgettable amount for investment and who would've known bitcoin's price would surge this high right? I don't think he even thought about what he bought and just left it until the price of btc became really significant. Perhaps one of the current alt coins right now are also destined to be priced like btc in the future, we'll never know