Post
Topic
Board Bitcoin Discussion
Re: Bitcoin can change lives
by
m2017
on 14/10/2023, 14:01:30 UTC
In 2010, one Bitcoin was just $0.20, and buying 5,000 Bitcoin would cost only $1000.
Compare that price as of then to today's price $27k plus,  you would be obviously filthy rich.
So you mean if I invest $1000 in Bitcoin right now, in the next thirteen years Bitcoin price will reach $135,000,000 or 5,000x times higher?

This kind convincing strategy is really bullshit, if people want to change their life, they need to learn a high paying skill instead of investing small amount of money and hoping the investment will increase really really high.
Investments in bitcoin will indeed grow, but not 5000 times. The time when investing bitcoin small sums made people rich will never return or be repeated. The increase in profitability, if you observe the graph of changes in the price of a bitcoin over a decade and a half, has been declining. Bitcoin can't increase in price indefinitely and undoubtedly, at one point, a plateau will come when the price fluctuates in a certain corridor, therefore, waiting for $135,000,000 is really bullshit.

OP’s statements are more like “pink dreams” and a naive expectation that all financial problems can be solved by “investing a couple of bucks in btc”. It doesn't happen that way. @Solosanz is right that life can't be changed by such “easy” actions. Serious changes will begin only after overcoming “difficulties” in the form of mastering new professions and specialties.