Admit it, you have asked yourself ‘what if I invested $100 in Bitcoin in 2013?’
Whether you got your answer or not, the truth is that taking a chance on Bitcoin early on would give you the best gains. And while 2013 is 5 years ago, it was still a time when Bitcoin was popular and when many people knew about it.
Plus, it goes without saying that putting a $100 bill aside in a digital currency won’t make (most of the people) poorer or richer. So, what would have happened if you have done that in 2013?
According to CoinMarketCap (the official cryptocurrency market cap website), the value of Bitcoins was volatile in 2013. That said, the price per Bitcoin (BTC) wasn’t the same all year round. For example, in May 2013, one Bitcoin had a price of $113, while in November it had a price of $230 and in December – a price of around $700.
(Answering ‘what if I invested $100 in Bitcoin in 2013?’)
- So, if you invested $100 in Bitcoin in May 2013, you would have nearly $8,000 right now.
- Similarly, if you invested $100 in Bitcoin in November, you would have around $4,000 right now.
- Lastly, if you invested $100 in Bitcoin in late December, you would have close to $2,000 right now.
As you can see, investing in Bitcoin (BTC) early is important – and was the case for many years. However, it is worth noting that Bitcoin got up to $20,000 in December 2017 – to later on sink to $6,000 in February 2018.
Therefore, the general rule for buying Bitcoin is…
Only buy Bitcoin if you are ready to lose that money and can live with that fact. This is what the ‘investor mindset’ is all about and how you can afford to lose – or win big gains.
So, instead of asking yourself ‘what if I invested in Bitcoin in 2013?’, think about the following…
Are you ready to invest in Bitcoin now?
Let us know in the comments!
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