By email you receive a link and login details to the trading platform where your bitcoins are being held. She or he encourages you to make a surprisingly modest initial investment to purchase 250 worth of bitcoin. A short while later you receive a phone call from your investment manager.
Successfully mining just one bitcoin block and holding onto it since 2010 would mean you have 450 000 worth of bitcoin in your wallet in 2020. Bitcoin mining began as a well paid hobby for early adopters who had the chance to earn 50 btc every 10 minutes mining from their bedrooms. Such phenomenal returns have caused many to ask how they can get in.
Bitcoin had an incredible 2017 after increasing in value more 20 times from below 1 000 dollars to a peak of just under 20 000. Now right after both investors buy bitcoin drops to 3 000 in the next month. However investor a buys it all at once while investor b buys it in chunks of 2 000 over 5 months.
Investor a and investor b both want to buy 10 000 worth of bitcoin and the current bitcoin price is 5 000. Reuters the infrastructure around bitcoin is improving making it easier to use which could also partly explain the rise. The cryptocurrency is currently worth close to 9 000 per bitcoin photo.
However with all the controversies associated with bitcoin you may wonder if investing in the cryptocurrency is all worth it. It s known for being a peer to peer network that enables users to make online financial transactions easier cheaper and faster. Historically bitcoin is the first cryptocurrency founded in 2009.
A speculative cult currency like bitcoin is only valuable when you cash it out to a real currency like the us dollar and use it to buy something useful like a nice house or a business. Today the bitcoin mining difficulty has squeezed individual miners from the market despite the high value of a single coin and the scene is dominated by mining syndicates which see.
