A few years ago – I set up a bitcoin wallet, but I didn’t really have $100 to spend on something that was probably going to be replaced by something else – I saw the value proposition of Bitcoin, but the interface and use was too clunky. I set up my antique shop to accept bitcoin but in 2013 – in a small coastal Oregon town – nobody was using Bitcoin, not even me. Ouch…
This morning I watched a screaming rally of Bitcoin from $16000 per coin to $19000 per coin. Yesterday, I watched it go from $12000 to $16000. In the past month, it’s gone from $5000 to $12000. This year it has gone from $1000 to the $19000+ I saw this morning. Yeah.
I was actually looking at bitcoin back when it was $13 per coin – I thought it was cool. At that point, $20 was a lot to me. That $20 would have been close to $60k this morning. You know, assuming that I sold it at the high before it dropped to $15k and now it is back to $17k.
Right now, looking at it – I can see that if I buy it at this price, I can possibly double or triple my money. Some people are saying that the bitcoin will ultimately be worth as much as $1 million dollars – and they aren’t crazy fringe people. So, can I really not afford the cost of a bitcoin? Actually, I can’t but a little itty bitty bit of a bitcoin? Like $100 worth? I can do that.
And, a more advanced coin, called Litecoin is no available – it’s faster, more agile for payments, and more secure.
In a few days, the news reports that mainstream futures exchanges are taking Bitcoin mainstream. Some people say that will make it boom further, others that it will cause it to bust. I don’t know.
I’ve bought my hundred dollars worth. It probably won’t make me rich – but stranger things have happened.
I bought at Coinbase Click the link and both you and I will get an extra $10 in bitcoin if you buy $100 worth. At coinbase you can buy Bitcoin, Litecoin, and Etherium. Bitcoin is the rollercoaster right now.
Have fun. I hope you get super rich.