What’s up with Bitcoin? Why should I buy Bitcoin today? Is it too late to buy Bitcoin? It’s never too late to buy Bitcoin. Like real estate and index funds, the best time to buy was yesterday. The next best time to buy is today. Look at this forum post from July 2010. This person is lamenting that they “missed the bus” because they “have only 600 bitcoins”.
The farther in the future you are, the more compelling this will be. I’m writing this in the Summer of 2021 and Bitcoin’s price has ranged between $30k and $40k. So, in just 11 years (from 2010 to 2021) those 600 bitcoins would’ve gone from being worth $48 to $24,000,000 (yes, $24 million).
The current price of Bitcoin: Please enter CoinGecko Free Api Key to get this plugin works.
The Price of Bitcoin Goes Up
Over time, the price of Bitcoin has historically gone up. While that’s no guarantee that it will in the future, it’s still worth looking at Bitcoin’s price history. If you had bought only $50 worth of Bitcoin just 1 year ago, it would be worth $152 today. If you had bought $50 worth of Bitcoin 5 years ago, that small amount would be worth $3,246 today!
Over only 3 years, you could’ve turned $500 (the cost of a flat screen TV, or PS5) into $5,940. And $1,000 of Bitcoin from 2016 would be worth $64,924 in 2021! See the table of how much Bitcoin would be worth between 2016 and 2021.
| Years ago/Amt | $50 | $100 | $500 | $1,000 | $3,000 |
|---|---|---|---|---|---|
| 1 year | $152 | $304 | $1,522 | $3,044 | $9,131 |
| 2 years | $293 | $586 | $2,930 | $5,860 | $17,580 |
| 3 years | $594 | $1,188 | $5,940 | $11,880 | $35,639 |
| 4 years | $1,108 | $2,216 | $11,081 | $22,163 | $66,488 |
| 5 years | $3,246 | $6,492 | $32,462 | $64,924 | $194,771 |
There’s no guarantee that Bitcoin’s value will continue to increase the same way that it has for the past decade. But, seeing that just $50 became worth $3,246 in 5 years, do you want to take the chance of NOT owning Bitcoin?
An Easy Way to Buy Bitcoin
One easy way to buy Bitcoin is through Swan Bitcoin. It’s a secure, online exchange that only offers Bitcoin. There’s no way to get distracted by the millions of other cryptocurrencies. You don’t want to “miss the bus” like the forum user who “only had 600 bitcoins.” If you buy Bitcoin, make sure you wait at least 4 years before selling. If history tells us anything, it’s that patience pays with Bitcoin.
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