⭐ Merited by JayJuanGee (1)
... bitcoin is currently $71k and 10x of bitcoin will amount to $710k which is not possible anytime soon.
We have seen many predictions about Bitcoin going wrong in the past. For you 710k is not possible anytime soon but there are people who think that Bitcoin will hit 1M $ very soon. I remain positive about Bitcoin future price as it's evident from historical data. Yet I refrain myself from making any prediction about Bitcoin future price.
In 2017, we saw Bitcoin jumping from 1000$ in Jan to 19k in Dec, all this happen in less then a year. May be in Jan 2017 people were saying that 10x increase in Bitcoin price not possible anytime soon. And then we saw Bitcoin at 3500$ in Dec 2018.
So If you invest $100 and expect it to hit $1k think of when btc price will increase to $710k and above, then your $100 will hit $1k. But with that being said the most important thing in bitcoin investment is to focus on continuous accumulation provides you have your discretion readily available.
100$ to 1000$ was given as an example in context of Bitcoin security. Even if 100$ grow to 300$ or 400$, one need to revise his security measures.
Let's assume you invested $100 every week 5years ago, you will be able to have accumulated approximately $45k worth of bitcoin in your portfolio by now .
I follow https://dcacryptocalculator.com/ for DCA calculations and according to that site 100$ per week for last five years will give you 89.67k $ worth of Bitcoins. Don't know which one of us is correct.
