Keeping records and history is a very important aspect in the crypto industry, as it helps us know the the event that took place in the past.
So many people, when you suggest investment in the crypto industry, they will tend to make excuses of market volatility and coin performance in 365 days without even doing there own research, what about some years back?
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.
I hope that this open the eyes of most newbie's the potential of Bitcoin, if you are already in the Bitcoin market just be happy because this market have a lot more to offer,
The most simple but effective way I use to navigate my way in the market is the DCA method I use, accormulate as much Bitcoin as possible because the bull run will definitely change the history of your finances if you position your self right and wait patiently for the bull run to come .
It's all about the risk one should take to change his/her life. Let's talk about the price of bitcoin in 2010, it was the earlier age of bitcoin, and no one trusted bitcoin easily because they didn't believe the prediction of Satoshi would be true one day and were not aware of the potential of bitcoin. Those who believed in Bitcoin at that time are now millioneries and we all know that history repeats itself. Today people again don't believe but a small one thinks that Bitcoin is a scam but they didn't take lessons from the past. After the coming halving price of bitcoin will be more than the last ATH and some experts predict that bitcoin this tīme will cross $100,000. So start the DCA strategy and buy a small portion of Bitcoin at every dump and hold it for the coming bull run.
Yes it's true, sometimes if someone wants to experience change or improvement in their life then they have to take a fairly or very risky path in any field, some succeed and some fail and I think it depends on each individual also on how they do it. Yes, if it's a matter of regret, to be honest, I also always remember 2010 where the price of bitcoin at that time was still very cheap and maybe my pocket money was bigger than one bitcoin, but well the problem is that in that era not many people knew about what bitcoin was including myself along with all its potential because at that time the world of investment was still not as well known as it is now.
Right and also on the other hand I can't imagine if at that time I had known bitcoin also with a little potential then maybe now I have at least at least 10 bitcoins and I will be one of the millionaires. Right, I agree with you, I also think like that, for those who now still don't believe in bitcoin I think they should know the journey and development of bitcoin in the last 10 years since 2010, and I think if only they see it then I'm sure most will believe in how the potential of bitcoin, it's hard to find a reason that bitcoin doesn't have any chance, and maybe only people who don't know will say that. Honestly for how high bitcoin will rise in the next ATH I don't know but certainly there is a guarantee that I think is quite convincing when you choose to start with long-term planning, you can start with a budget that does not interfere with your basic needs and certainly with money that you can be responsible for, then you can start allocating it using the DCA strategy once a week or maybe once a month, that's good especially for beginners.
Risk-taking drives advancement, especially in innovative, uncertain industries. With something as transformative as Bitcoin, lost chances are easy to regret. Bitcoin was obscure in 2010. Most were blissfully unaware of its potential. If you had today's knowledge, you would have jumped in. The paradox of innovation is that early adopters get the most benefits before most realise its genuine value.
People who've followed Bitcoin since its inception share your sentiment. Knowing its history is key to understanding its potential. The crypto-skeptics? Perhaps a full retrospective will change their mind. Bitcoin's ATH is hotly rumoured. Indeed, a long-term, measured approach like the DCA strategy is not just recommended but almost required for serious investors in this field.