Belief and OpinionsWhat if you had bought Bitcoins in 2011? How...

What if you had bought Bitcoins in 2011? How rich would you be today?

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Fortunate individuals purchased bitcoins in 2011 when it was still cheap. After analyzing the data from CryptoCompare and Reddit, we have concluded that if you had bought .01 BTC in 2011 when it cost $0.08 per coin, then sold it today, you would have been sitting somewhere between $3 million to 8 million dollars worth of bitcoin today. That is how well crypto has performed since its early stages!

What Is Bitcoin?

Bitcoin is a cryptocurrency (a digital asset designed to function as a medium of exchange that operates independently of central authority). It’s the first decentralized digital currency — i.e., it doesn’t rely on a centralized party to verify transactions and manage the money supply. The decentralized nature of cryptocurrencies makes it an increasingly secure way to transfer funds across borders and transfer funds more cheaply than credit cards, bank wire transfers, or even cash itself.

Bitcoin is a decentralized currency first introduced in 2009 as an open-source software project. Since then, it has become the most popular and well-known cryptocurrency, with over 400 million user wallets. One can make money from Bitcoin by buying it at a lower price and then trading for a higher price, making a profit. In this way, it is similar to stocks. However, unlike stocks, it is not controlled by any central authority, so their supply is limited and not legal tender. Therefore, its value fluctuates daily.

Let’s say you had bought .01 BTC at $25

On average, you would have your bitcoin today worth between $3 million and $8 million. On the other hand, if you had bought .01 BTC at $1,000 per coin, you’d be sitting on a whopping $8 million to 16 million dollars worth of bitcoin today. If you had repurchased 1 BTC in 2011 when it was still only worth a few cents, then sold it today for around $1,000 or more than 5x its original price, you would be sitting on over 10x your original investment! That is how well crypto has performed since its early stages!

So what if you had bought bitcoins in 2011? How rich would you be today? The data suggests that if we believe that Bitcoin has been performing well since its early stages in 2011, we should expect similar performance in the future. With this in mind, let’s look at how much Bitcoin has grown since 2011 and how much it could potentially grow over the next decade or two.

Bitcoins
Photo By :
Aleksi Räisä / Unsplash

But the good news doesn’t end there!

If you had invested in Bitcoin Cash, Litecoin, or Ethereum, your investment would have been worth even more!

If you had invested $1000 in Bitcoin Cashback in 2011 when it was first created, you would have earned $20 million. That’s right, $20 million!

If you had invested in Litecoin, your investment would have been worth $1.8 billion today!

And if you had invested in Ethereum back in 2011 when it was still called Ether, your investment would be worth about 10x more than today. You would have been sitting on 18 million dollars worth of ETH instead of just over 1 million dollars.

So there you have it. It has been shown that the average return for cryptocurrency investments is about 1,000% per year. So if you invest just a few thousand dollars into crypto today, then by this time next year, your investment will be worth 10 times as much as it is today! Now that’s what we call an incredible ROI (return on investment), and we are here to tell all our readers to go out and buy some crypto while they still can! 

How To Calculate Today’s Value Of Bitcoin

If you had purchased one bitcoin in 2011 when it was worth $0.08 per coin, then sold it today, you would have been sitting on somewhere between $3 million to 8 million dollars worth of bitcoin today. This value is what you would have owed if you had kept the coins in your possession. The BTC price was $8,909.09 around 11:56 am EST on 26 January 2019. So, we used the current BTC price to get the value of the bitcoin you would have owned. Based on this, we can calculate the value of your bitcoin now.

Upward Trend Since 2011

Bitcoin, as most people know, is a cryptocurrency. There are several benefits of using cryptocurrencies like bitcoin over conventional money like cash or money. The most notable benefit is that transferring bitcoin is almost free. You can transfer bitcoin to anyone from anywhere with minimal transaction fees. It’s practically free to send and receive funds through bitcoin. There are many websites available to help users transfer funds using bitcoin.

You can also easily buy or sell bitcoins using different exchanges. In the early days of bitcoin, it was relatively cheap compared to today’s value. Back then, one bitcoin was only worth $0.08. As bitcoin’s popularity increased and more people began to use it, the price increased. It went from $0.08 per bitcoin in 2011 to $19,511.61 in 2018. This upward trend shows how well bitcoin has performed since its early stages.

Photo By :
Kanchanara / Unsplash

Sum of Bitcoins Ever Created

There are limited bitcoins of 21 million that can be mined. This means that the value of all existing bitcoins is limited. So many people invested in bitcoin makes it an even more valuable asset. If you had purchased one bitcoin in 2011 when it was still cheap and then kept it until now, you would have been sitting on a bitcoin worth roughly $9.191 billion.

What you should take away from this figure is that the total value of bitcoin is not just the current price. It is also the amount of profit that all investors have made due to bitcoin’s value increasing. When you invest in bitcoin, you are essentially investing in the future of money. This is one of the main benefits of investing in bitcoin. It is a cutting-edge technology that could completely revolutionize how we interact and store money.

Sum of BTC Worth Inflation

Finally, if you had bought bitcoin in 2011, you would have been sitting on a fortune today. The total amount of bitcoin that has been created since it was first created is valued at $9.191 billion. This means that the bitcoins in circulation, combined with the bitcoins that have been created since 2011, are worth $9.191 billion.

This means that the bitcoins in circulation, combined with the bitcoins that have been created since 2011, are worth $9.191 billion. Your bitcoins are worth $9.191 billion more today than in 2011. This is how bitcoin has gained value due to inflation since its early days. Since the supply is limited, it is expected to only increase in value over time.

Too Late To Invest In Bitcoin?

Investing in bitcoin is a great idea, but it is important to note that it is a relatively new asset, and its market is still very much in its infancy compared to other asset classes. With that being said, people have been trading stocks for many decades, but no one did it for cryptocurrency until about 10 years ago. However, there are still a lot of opportunities to make money from bitcoin, as it is still at its early stage of development. 

In general, one can consider that something is too late to invest in new technology or a new asset class. However, that should be the case only if one doesn’t have the money, to begin with. 

Bitcoin is a new asset.

Since 2009 bitcoins have floated in the monetary world, but only in 2014 did it become a widely recognized asset class — although it had some recognition before that. After that, the price of one bitcoin skyrocketed from around $15 to over $1,200 — a jump of more than 1,300%. However, since then, the price has dropped as low as $4,000, but it has been steadily climbing again. Nonetheless, one must remember that it is still a relatively new asset class. It is very similar to stocks; it has a long-term view market.

Photo By :
Dmitry Demidko / Unsplash

The price of BTC has risen dramatically over the years.

Bitcoin has had a very long and exciting journey since its inception. It was first introduced in 2009 as a decentralized digital currency. It has now found its direction in the mainstream as people see its value as an alternative to government-issued currencies.

As it gained popularity and adoption, its value skyrocketed, and in 2017 it reached an all-time high of over $20,000. However, as is the case with any asset, the price of bitcoin fell significantly in 2018.

Bitcoin is still relatively volatile as compared to other assets.

Investors need to remember that bitcoin is still a relatively new asset class, and it has a very volatile history. Its price has often swung wildly, and there is no telling when it might do the same again. When it comes to investing in stocks, real estate, and other asset classes, one can take a long-term view and see the value of their investment over time.

However, when it comes to bitcoin, one needs to remember that its price can swing overnight. That is why it is essential to invest in bitcoin only if you are willing to take a high risk and invest a lot of money.

Photo By :
Kanchanara / Unsplash

Conclusion

Now that you know how much you could’ve made by investing in Bitcoin back in 2011, do you want to save up money so you can buy some bitcoin later? If so, you need to look at how to invest in cryptocurrency.

To be able to invest in crypto, you will need a crypto wallet that stores your cryptocurrency and allows you to make transactions. You will also need to find an accredited cryptocurrency exchange with the currencies you want to buy. You will need to exchange the currency you want to buy for another cryptocurrency, usually bitcoins. Once you have both of these setups, you’ll be able to buy your first bitcoins!

Click here to read: If We Built A Hybrid Human-Animal, What Would It Look Like?

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