Official BGOL Crypto Currency Thread ★★★★★

An RnB Thug

El Capitan of The LOVE BOAT
Platinum Member
Register NOW

Particle is giving us an opportunity to physically own part of world renowned PAINTINGS via
NFT


https://www.particlecollection.com/?r=kIK2j


Own.
Collect.
Experience.
Collecting art has historically been a privilege of the select few. The elite collector community has traditionally shaped the course of the art market and art history.
Now, blockchain has created an opportunity for a game-changing paradigm shift. This shift will allow for the decentralization of traditional practices of art collecting, ownership, and enjoyment.


First Painting up is a Banksy "Love is in the air"
Bought for over 12 Million Dollars
Value goes up so does the part of the painting you own (nft) :yes:

66_Banksy_LoveIsInTheAirFlowerThrower_SprayPaint_Original_2006-b949fd7e1aec4dd1661404bd178b1f0a.jpg


You're Welcome
 

tpotda

Rising Star
Registered
this sounds like it still may be for whales?


Register NOW

Particle is giving us an opportunity to physically own part of world renowned PAINTINGS via
NFT


https://www.particlecollection.com/?r=kIK2j


Own.
Collect.
Experience.
Collecting art has historically been a privilege of the select few. The elite collector community has traditionally shaped the course of the art market and art history.
Now, blockchain has created an opportunity for a game-changing paradigm shift. This shift will allow for the decentralization of traditional practices of art collecting, ownership, and enjoyment.


First Painting up is a Banksy "Love is in the air"
Bought for over 12 Million Dollars
Value goes up so does the part of the painting you own (nft) :yes:

66_Banksy_LoveIsInTheAirFlowerThrower_SprayPaint_Original_2006-b949fd7e1aec4dd1661404bd178b1f0a.jpg


You're Welcome
 

Helico-pterFunk

Rising Star
BGOL Legend
“A lot of people are cynical about this kind of thing,” said Marc Andreessen, a venture capital investor at Andreessen Horowitz, in a discussion on the social media app Clubhouse this month. But people don’t buy things like sneakers, art or baseball cards for the value of their materials, he and his partner, Ben Horowitz, explained. They buy them for their aesthetics and design.






 

DjMorpheus

Rising Star
BGOL Investor
Got quite a few gaming metaverse coins I want to buy but....really don't wanna pay 500 in gas fees to buy $300 worth of coins.

So this might be the answer.

Cook finance crypto indexes

Invest in multiple coins as a index negating a lot of them high ass fees. Just found it. Anybody heard of this or use it?


https://www.cook.finance/#indexes
 

An RnB Thug

El Capitan of The LOVE BOAT
Platinum Member
Register NOW

Particle is giving us an opportunity to physically own part of world renowned PAINTINGS via
NFT


https://www.particlecollection.com/?r=kIK2j


Own.
Collect.
Experience.
Collecting art has historically been a privilege of the select few. The elite collector community has traditionally shaped the course of the art market and art history.
Now, blockchain has created an opportunity for a game-changing paradigm shift. This shift will allow for the decentralization of traditional practices of art collecting, ownership, and enjoyment.


First Painting up is a Banksy "Love is in the air"
Bought for over 12 Million Dollars
Value goes up so does the part of the painting you own (nft) :yes:

66_Banksy_LoveIsInTheAirFlowerThrower_SprayPaint_Original_2006-b949fd7e1aec4dd1661404bd178b1f0a.jpg


You're Welcome

Nobody registered yet :confused:
Ya'll play around
 

gene cisco

Not A BGOL Eunuch
BGOL Investor
Yo, while you cats out here picking up this money and switching tax brackets, the power-that-be will push there divisive narratives to the bots. Between the clean energy shit, censorship-resistance, and sound money aspect, crypto is the enemy of the cool kids. The rich will FUD the bots right out of gains. It's funny watching narratives play out when you can see them coming. The alt-right/republican crypto narrative is the ultimate play for regulators/MSM(tech) censorship to help get support for the toughest regulations.

It's breadcrumbs right now though.

Also, :lol: @ them even mentioning folks don't know how the blockchain is being watched. Why do they think the big push among those types for Monero, mixers, and other safeguards. They been talking about this for YEARS. Damn right they trolling.



Bitcoin Adoption Among Far-Right Extremists Leaves Its Mark on the Blockchain
Blockchain sleuthing firm Elliptic has been tracking numerical hate signals left by alt-right groups.

Bitcoin as a means of payment among far-right extremists is growing in popularity, according to cryptocurrency analytics firm Elliptic, which is tracking traces left on the blockchain by such groups. :hmm:
A flight to censorship-resistant crypto by far-right actors has been driven in recent years by large internet platforms like PayPal blocking extremists, with deplatforming efforts starting in earnest following Charlottesville’s bloody “Unite the Right” rally in August 2017.

Some prominent far-right extremists have even gone as far as declaring that bitcoin is now the currency of the alt-right. This matters because domestic terrorism in the U.S. associated with such groups is on the rise.

It turns out many right-wing extremists actually want to leave their mark on the blockchain. No doubt beguiled by the immutability of bitcoin transactions, wallets belonging to alt-right enthusiasts can often be identified by amounts including hate symbol “1488″ – 0.001488 BTC is about $50 at today’s prices.
It’s like leaving a swastika on the blockchain, explains Elliptic co-founder Tom Robinson, since the number “14″ is numerical shorthand for the white supremacist slogan known as the “14 Words” and “88″ maps to “H,” the eighth letter of the alphabet, signaling “Heil Hitler.”
The proportion of bitcoin transactions that contain the number 1488 was about 30,000 times larger than for your average wallet, Elliptic said in a blog post published today.
“We looked into whether we can use that model to proactively identify new far-right extremist wallets,” Robinson told CoinDesk in an interview. “We were able to identify about 100 new wallets that were then found to be linked to far-right extremist activity.”
JGE3KWRM5JB47PMMYSNOI3KOXI.png

Blockchain records of bitcoin transactions to known far-right extremist groups. (Elliptic)

The payments and fundraising activity that Elliptic has mapped amounts to some $8.9 million. In the case of one extremist, 47% of all payments received were for amounts containing “1488,” Robinson said.

“I’m not sure whether alt-right groups realized that they were allowing this activity to be monitored and identified in the blockchain, to the extent that we’re now doing,” :hmm: .... :lol:. Robinson said of the public nature of the Bitcoin blockchain. “But I do think there’s a sort of, ‘Look at me, look what I’m doing’ kind of aspect of this that they like.” :smh:(no shit).
 

playahaitian

Rising Star
Certified Pussy Poster
What Would Happen If You Bought $100 of Bitcoin Every Month For a Year?

Nick Nolan

Nov 19·6 min read





Here’s how much you’d have after a year.
The first time I bought cryptocurrency was in November 2017. It was a craze that I didn’t fully understand. I remember sitting at lunch with 8–10 friends talking about Ethereum, Bitcoin, and Litecoin.
I had no idea how any of it worked, but I remember looking at the price charts.
The price of one Bitcoin had gone from around $1,000 at the beginning of 2017 to over $10,000 by November. Ethereum had similarly impressive gains, moving from $10 per coin in January to $400 in November. Litecoin had gone from $4 to $70 per coin.
2017 Bitcoin & Ethereum Price Charts from CoinMarketCap
At that time, I didn’t have a ton of extra cash, and I didn’t understand crypto at all, so I bought around $50 of Ethereum and $25 of Litecoin. Bitcoin seemed too expensive for me.
After a month I forgot I had it.
Six months ago I figured out that I had made a Coinbase account and figured out how to log back in. I had around $120 from the $75 I invested 3 1/2 years ago.
I could’ve had a lot more if I continued investing in 2018, 2019, and 2020. But I don’t want to get stuck on coulda, woulda, shoulda’s.
I’d rather focus on the future and making smart investments.
Since crypto can still be volatile compared to stocks and bonds, the best thing you can do is spread out your investments and leave them alone. I have a friend that makes a lot of money day trading Bitcoin, but they also spend all day studying and making educated trades.
I would not recommend investing in something you don’t understand.
Spend 15-20 hours learning about crypto, the Blockchain, and Bitcoin before you open your wallet.
I decided to see how much you’d have if you bought $100 worth of Bitcoin every month for a year. $50 on the 1st and $50 on the 15th.
Since the price of Bitcoin moves up and down every day, this won’t be an exact number, but an accurate estimate. I’m getting these prices from Coinbase, and I’ll also include the $2 fee that Coinbase charges to buy Bitcoin with cash.
I’ll start with November 1st 2020 and go from there until October 15th 2021. You’d make a total of 24 investments and buy $1.200 worth of Bitcoin over a year:
November 1st 2020
1 BTC = $13,737.11
$48 of Bitcoin = 0.0034941 BTC
Total Bitcoin = 0.0034941 BTC
Total Invested = $50
Total worth = $48
November 15th 2020
1 BTC = $15,955.59
$48 of Bitcoin = 0.0030083 BTC
Total Bitcoin = 0.0065023 BTC
Total Invested = $100
Total worth = $103.75
December 1st 2020
1 BTC = $18,778.45
$48 of Bitcoin = 0.0025561 BTC
Total Bitcoin = 0.0090584 BTC
Total Invested = $150
Total worth = $170.10
December 15th 2020
1 BTC = 19,443.19
$48 of Bitcoin = 0.0024687 BTC
Total Bitcoin = 0.0115271 BTC
Total Invested = $200
Total worth = $224.12
January 1st 2021
1 BTC = $29,413.29
$48 of Bitcoin = 0.0016319 BTC
Total Bitcoin = 0.013159 BTC
Total Invested = $250
Total worth = $387.05
January 15th 2021
1 BTC = $36,754.60
$48 of Bitcoin = 0.0013059 BTC
Total Bitcoin = 0.0144649 BTC
Total Invested = $300
Total worth = $531.65
February 1st 2021
1 BTC = $33,534.39
$48 of Bitcoin = 0.0014313 BTC
Total Bitcoin = 0.0158962 BTC
Total Invested = $350
Total worth = $533.07
February 15th 2021
1 BTC = $47,935.66
$48 of Bitcoin = 0.0010013 BTC
Total Bitcoin = 0.0168975 BTC
Total Invested = $400
Total worth = $809.99
March 1st 2021
1 BTC = $49,635.30
$48 of Bitcoin = 0.000967 BTC
Total Bitcoin = 0.0178645 BTC
Total Invested = $450
Total worth = $886.71
March 15th 2021
1 BTC = 55,629.08
$48 of Bitcoin = 0.0008628 BTC
Total Bitcoin = 0.0187273 BTC
Total Invested = $500
Total worth = $1041.78
April 1st 2021
1 BTC = $58,726.47
$48 of Bitcoin = 0.0008173 BTC
Total Bitcoin = 0.0195446 BTC
Total Invested = $550
Total worth = $1147.78
April 15th 2021
1 BTC = $63,229.04
$48 of Bitcoin = 0.0007591 BTC
Total Bitcoin = 0.0203037 BTC
Total Invested = $600
Total worth = $1283.78
May 1st 2021
1 BTC = $57,859.28
$48 of Bitcoin = 0.0008296 BTC
Total Bitcoin = 0.0211333 BTC
Total Invested = $650
Total worth = $1222.75
May 15th 2021
1 BTC = $46,771.01
$48 of Bitcoin = 0.0010262 BTC
Total Bitcoin = 0.0221595 BTC
Total Invested = $700
Total worth = $1036.42
June 1st 2021
1 BTC = $36,684.99
$48 of Bitcoin = 0.0013084 BTC
Total Bitcoin = 0.0234679 BTC
Total Invested = $750
Total worth = $860.92
June 15th 2021
1 BTC = $40,158.06
$48 of Bitcoin = 0.0011952 BTC
Total Bitcoin = 0.0246631 BTC
Total Invested = $800
Total worth = $990.42
July 1st 2021
1 BTC = $33,510.93
$48 of Bitcoin = 0.0014323 BTC
Total Bitcoin = 0.0260954 BTC
Total Invested = $850
Total worth = $874.48
July 15th 2021
1 BTC = $31,872.49
$48 of Bitcoin = 0.001506 BTC
Total Bitcoin = 0.0276014 BTC
Total Invested = $900
Total worth = $879.72
August 1st 2021
1 BTC = $39,859.18
$48 of Bitcoin = 0.0012042 BTC
Total Bitcoin = 0.0288056 BTC
Total Invested = $950
Total worth = $1148.16
August 15th 2021
1 BTC = $47,014.38
$48 of Bitcoin = 0.0010209 BTC
Total Bitcoin = 0.0298265 BTC
Total Invested = $1,000
Total worth = $1402.27
September 1st 2021
1 BTC = $48,834.27
$48 of Bitcoin = 0.0009829 BTC
Total Bitcoin = 0.0308094 BTC
Total Invested = $1,050
Total worth = $1504.55
September 15th 2021
1 BTC = $48,144.03
$48 of Bitcoin = 0.000997 BTC
Total Bitcoin = 0.0318064 BTC
Total Invested = $1,100
Total worth = $1531.28
October 1st 2021
1 BTC = $48,165.76
$48 of Bitcoin = 0.0009966 BTC
Total Bitcoin = 0.032803 BTC
Total Invested = $1,150
Total worth = $1579.98
October 15th 2021
1 BTC = $61,690.32
$48 of Bitcoin = 0.0007781 BTC
Total Bitcoin = 0.0335811 BTC
Total Invested = $1,200
Total worth = $2071.63
What it’d be worth today
I’m writing this on November 19th, so if you left your $1,200 investment sit, it’d be worth about $1944. That’s a gain of $744, or a 62% increase, without taking a big risk.
Of course, the price of Bitcoin will continue moving up and down.
That’s why I believe continuous smaller investments are a safe way to grow. If you look back on the numbers, there was only one time where the total worth was less than the amount invested.
Of course, investing in anything involves some inherent risk. And again, I don’t recommend investing in anything you don’t have some understanding of.
I don’t invent any money in Bitcoin that I’m not willing to lose. If Bitcoin dropped to $0 tomorrow, I’d definitely be disappointed, but it wouldn’t ruin my life or my financial wellbeing.
I also believe the numbers above are good proof that the price of Bitcoin is going to continue trending upwards for the foreseeable future. Some months it will drop, but the overall trend is upwards.
If you want to begin buying some Bitcoin and other cryptocurrencies, I’d recommend using Coinbase. You can receive $10 of Bitcoin for free, set up recurring investments, and get other coins for free.
I’ve earned $41 of crypto through Coinbase Learn & Earn. Basically, you’ll watch some short videos or slideshows that teach you about different cryptocurrencies, and get $3–5 of the coin you learn about.
Screenshot from Coinbase
And I can go earn $3 of a new coin called MLN, so I’ll have a total of $44 of free crypto later today.
You can join Coinbase here: https://www.coinbase.com/join/nolan_s4c
 

xxxbishopxxx

Rising Star
BGOL Investor
What Would Happen If You Bought $100 of Bitcoin Every Month For a Year?
Nick Nolan
Nov 19·6 min read





Here’s how much you’d have after a year.
The first time I bought cryptocurrency was in November 2017. It was a craze that I didn’t fully understand. I remember sitting at lunch with 8–10 friends talking about Ethereum, Bitcoin, and Litecoin.
I had no idea how any of it worked, but I remember looking at the price charts.
The price of one Bitcoin had gone from around $1,000 at the beginning of 2017 to over $10,000 by November. Ethereum had similarly impressive gains, moving from $10 per coin in January to $400 in November. Litecoin had gone from $4 to $70 per coin.
2017 Bitcoin & Ethereum Price Charts from CoinMarketCap
At that time, I didn’t have a ton of extra cash, and I didn’t understand crypto at all, so I bought around $50 of Ethereum and $25 of Litecoin. Bitcoin seemed too expensive for me.
After a month I forgot I had it.
Six months ago I figured out that I had made a Coinbase account and figured out how to log back in. I had around $120 from the $75 I invested 3 1/2 years ago.
I could’ve had a lot more if I continued investing in 2018, 2019, and 2020. But I don’t want to get stuck on coulda, woulda, shoulda’s.
I’d rather focus on the future and making smart investments.
Since crypto can still be volatile compared to stocks and bonds, the best thing you can do is spread out your investments and leave them alone. I have a friend that makes a lot of money day trading Bitcoin, but they also spend all day studying and making educated trades.
I would not recommend investing in something you don’t understand.
Spend 15-20 hours learning about crypto, the Blockchain, and Bitcoin before you open your wallet.
I decided to see how much you’d have if you bought $100 worth of Bitcoin every month for a year. $50 on the 1st and $50 on the 15th.
Since the price of Bitcoin moves up and down every day, this won’t be an exact number, but an accurate estimate. I’m getting these prices from Coinbase, and I’ll also include the $2 fee that Coinbase charges to buy Bitcoin with cash.
I’ll start with November 1st 2020 and go from there until October 15th 2021. You’d make a total of 24 investments and buy $1.200 worth of Bitcoin over a year:
November 1st 2020
1 BTC = $13,737.11
$48 of Bitcoin = 0.0034941 BTC
Total Bitcoin = 0.0034941 BTC
Total Invested = $50
Total worth = $48
November 15th 2020
1 BTC = $15,955.59
$48 of Bitcoin = 0.0030083 BTC
Total Bitcoin = 0.0065023 BTC
Total Invested = $100
Total worth = $103.75
December 1st 2020
1 BTC = $18,778.45
$48 of Bitcoin = 0.0025561 BTC
Total Bitcoin = 0.0090584 BTC
Total Invested = $150
Total worth = $170.10
December 15th 2020
1 BTC = 19,443.19
$48 of Bitcoin = 0.0024687 BTC
Total Bitcoin = 0.0115271 BTC
Total Invested = $200
Total worth = $224.12
January 1st 2021
1 BTC = $29,413.29
$48 of Bitcoin = 0.0016319 BTC
Total Bitcoin = 0.013159 BTC
Total Invested = $250
Total worth = $387.05
January 15th 2021
1 BTC = $36,754.60
$48 of Bitcoin = 0.0013059 BTC
Total Bitcoin = 0.0144649 BTC
Total Invested = $300
Total worth = $531.65
February 1st 2021
1 BTC = $33,534.39
$48 of Bitcoin = 0.0014313 BTC
Total Bitcoin = 0.0158962 BTC
Total Invested = $350
Total worth = $533.07
February 15th 2021
1 BTC = $47,935.66
$48 of Bitcoin = 0.0010013 BTC
Total Bitcoin = 0.0168975 BTC
Total Invested = $400
Total worth = $809.99
March 1st 2021
1 BTC = $49,635.30
$48 of Bitcoin = 0.000967 BTC
Total Bitcoin = 0.0178645 BTC
Total Invested = $450
Total worth = $886.71
March 15th 2021
1 BTC = 55,629.08
$48 of Bitcoin = 0.0008628 BTC
Total Bitcoin = 0.0187273 BTC
Total Invested = $500
Total worth = $1041.78
April 1st 2021
1 BTC = $58,726.47
$48 of Bitcoin = 0.0008173 BTC
Total Bitcoin = 0.0195446 BTC
Total Invested = $550
Total worth = $1147.78
April 15th 2021
1 BTC = $63,229.04
$48 of Bitcoin = 0.0007591 BTC
Total Bitcoin = 0.0203037 BTC
Total Invested = $600
Total worth = $1283.78
May 1st 2021
1 BTC = $57,859.28
$48 of Bitcoin = 0.0008296 BTC
Total Bitcoin = 0.0211333 BTC
Total Invested = $650
Total worth = $1222.75
May 15th 2021
1 BTC = $46,771.01
$48 of Bitcoin = 0.0010262 BTC
Total Bitcoin = 0.0221595 BTC
Total Invested = $700
Total worth = $1036.42
June 1st 2021
1 BTC = $36,684.99
$48 of Bitcoin = 0.0013084 BTC
Total Bitcoin = 0.0234679 BTC
Total Invested = $750
Total worth = $860.92
June 15th 2021
1 BTC = $40,158.06
$48 of Bitcoin = 0.0011952 BTC
Total Bitcoin = 0.0246631 BTC
Total Invested = $800
Total worth = $990.42
July 1st 2021
1 BTC = $33,510.93
$48 of Bitcoin = 0.0014323 BTC
Total Bitcoin = 0.0260954 BTC
Total Invested = $850
Total worth = $874.48
July 15th 2021
1 BTC = $31,872.49
$48 of Bitcoin = 0.001506 BTC
Total Bitcoin = 0.0276014 BTC
Total Invested = $900
Total worth = $879.72
August 1st 2021
1 BTC = $39,859.18
$48 of Bitcoin = 0.0012042 BTC
Total Bitcoin = 0.0288056 BTC
Total Invested = $950
Total worth = $1148.16
August 15th 2021
1 BTC = $47,014.38
$48 of Bitcoin = 0.0010209 BTC
Total Bitcoin = 0.0298265 BTC
Total Invested = $1,000
Total worth = $1402.27
September 1st 2021
1 BTC = $48,834.27
$48 of Bitcoin = 0.0009829 BTC
Total Bitcoin = 0.0308094 BTC
Total Invested = $1,050
Total worth = $1504.55
September 15th 2021
1 BTC = $48,144.03
$48 of Bitcoin = 0.000997 BTC
Total Bitcoin = 0.0318064 BTC
Total Invested = $1,100
Total worth = $1531.28
October 1st 2021
1 BTC = $48,165.76
$48 of Bitcoin = 0.0009966 BTC
Total Bitcoin = 0.032803 BTC
Total Invested = $1,150
Total worth = $1579.98
October 15th 2021
1 BTC = $61,690.32
$48 of Bitcoin = 0.0007781 BTC
Total Bitcoin = 0.0335811 BTC
Total Invested = $1,200
Total worth = $2071.63
What it’d be worth today
I’m writing this on November 19th, so if you left your $1,200 investment sit, it’d be worth about $1944. That’s a gain of $744, or a 62% increase, without taking a big risk.
Of course, the price of Bitcoin will continue moving up and down.
That’s why I believe continuous smaller investments are a safe way to grow. If you look back on the numbers, there was only one time where the total worth was less than the amount invested.
Of course, investing in anything involves some inherent risk. And again, I don’t recommend investing in anything you don’t have some understanding of.
I don’t invent any money in Bitcoin that I’m not willing to lose. If Bitcoin dropped to $0 tomorrow, I’d definitely be disappointed, but it wouldn’t ruin my life or my financial wellbeing.
I also believe the numbers above are good proof that the price of Bitcoin is going to continue trending upwards for the foreseeable future. Some months it will drop, but the overall trend is upwards.
If you want to begin buying some Bitcoin and other cryptocurrencies, I’d recommend using Coinbase. You can receive $10 of Bitcoin for free, set up recurring investments, and get other coins for free.
I’ve earned $41 of crypto through Coinbase Learn & Earn. Basically, you’ll watch some short videos or slideshows that teach you about different cryptocurrencies, and get $3–5 of the coin you learn about.
Screenshot from Coinbase
And I can go earn $3 of a new coin called MLN, so I’ll have a total of $44 of free crypto later today.
You can join Coinbase here: https://www.coinbase.com/join/nolan_s4c
been trying to explain this to my cousin since 2017.
 

RoomService

Dinner is now being served.
BGOL Investor
What Would Happen If You Bought $100 of Bitcoin Every Month For a Year?
Nick Nolan
Nov 19·6 min read





Here’s how much you’d have after a year.
The first time I bought cryptocurrency was in November 2017. It was a craze that I didn’t fully understand. I remember sitting at lunch with 8–10 friends talking about Ethereum, Bitcoin, and Litecoin.
I had no idea how any of it worked, but I remember looking at the price charts.
The price of one Bitcoin had gone from around $1,000 at the beginning of 2017 to over $10,000 by November. Ethereum had similarly impressive gains, moving from $10 per coin in January to $400 in November. Litecoin had gone from $4 to $70 per coin.
2017 Bitcoin & Ethereum Price Charts from CoinMarketCap
At that time, I didn’t have a ton of extra cash, and I didn’t understand crypto at all, so I bought around $50 of Ethereum and $25 of Litecoin. Bitcoin seemed too expensive for me.
After a month I forgot I had it.
Six months ago I figured out that I had made a Coinbase account and figured out how to log back in. I had around $120 from the $75 I invested 3 1/2 years ago.
I could’ve had a lot more if I continued investing in 2018, 2019, and 2020. But I don’t want to get stuck on coulda, woulda, shoulda’s.
I’d rather focus on the future and making smart investments.
Since crypto can still be volatile compared to stocks and bonds, the best thing you can do is spread out your investments and leave them alone. I have a friend that makes a lot of money day trading Bitcoin, but they also spend all day studying and making educated trades.
I would not recommend investing in something you don’t understand.
Spend 15-20 hours learning about crypto, the Blockchain, and Bitcoin before you open your wallet.
I decided to see how much you’d have if you bought $100 worth of Bitcoin every month for a year. $50 on the 1st and $50 on the 15th.
Since the price of Bitcoin moves up and down every day, this won’t be an exact number, but an accurate estimate. I’m getting these prices from Coinbase, and I’ll also include the $2 fee that Coinbase charges to buy Bitcoin with cash.
I’ll start with November 1st 2020 and go from there until October 15th 2021. You’d make a total of 24 investments and buy $1.200 worth of Bitcoin over a year:
November 1st 2020
1 BTC = $13,737.11
$48 of Bitcoin = 0.0034941 BTC
Total Bitcoin = 0.0034941 BTC
Total Invested = $50
Total worth = $48
November 15th 2020
1 BTC = $15,955.59
$48 of Bitcoin = 0.0030083 BTC
Total Bitcoin = 0.0065023 BTC
Total Invested = $100
Total worth = $103.75
December 1st 2020
1 BTC = $18,778.45
$48 of Bitcoin = 0.0025561 BTC
Total Bitcoin = 0.0090584 BTC
Total Invested = $150
Total worth = $170.10
December 15th 2020
1 BTC = 19,443.19
$48 of Bitcoin = 0.0024687 BTC
Total Bitcoin = 0.0115271 BTC
Total Invested = $200
Total worth = $224.12
January 1st 2021
1 BTC = $29,413.29
$48 of Bitcoin = 0.0016319 BTC
Total Bitcoin = 0.013159 BTC
Total Invested = $250
Total worth = $387.05
January 15th 2021
1 BTC = $36,754.60
$48 of Bitcoin = 0.0013059 BTC
Total Bitcoin = 0.0144649 BTC
Total Invested = $300
Total worth = $531.65
February 1st 2021
1 BTC = $33,534.39
$48 of Bitcoin = 0.0014313 BTC
Total Bitcoin = 0.0158962 BTC
Total Invested = $350
Total worth = $533.07
February 15th 2021
1 BTC = $47,935.66
$48 of Bitcoin = 0.0010013 BTC
Total Bitcoin = 0.0168975 BTC
Total Invested = $400
Total worth = $809.99
March 1st 2021
1 BTC = $49,635.30
$48 of Bitcoin = 0.000967 BTC
Total Bitcoin = 0.0178645 BTC
Total Invested = $450
Total worth = $886.71
March 15th 2021
1 BTC = 55,629.08
$48 of Bitcoin = 0.0008628 BTC
Total Bitcoin = 0.0187273 BTC
Total Invested = $500
Total worth = $1041.78
April 1st 2021
1 BTC = $58,726.47
$48 of Bitcoin = 0.0008173 BTC
Total Bitcoin = 0.0195446 BTC
Total Invested = $550
Total worth = $1147.78
April 15th 2021
1 BTC = $63,229.04
$48 of Bitcoin = 0.0007591 BTC
Total Bitcoin = 0.0203037 BTC
Total Invested = $600
Total worth = $1283.78
May 1st 2021
1 BTC = $57,859.28
$48 of Bitcoin = 0.0008296 BTC
Total Bitcoin = 0.0211333 BTC
Total Invested = $650
Total worth = $1222.75
May 15th 2021
1 BTC = $46,771.01
$48 of Bitcoin = 0.0010262 BTC
Total Bitcoin = 0.0221595 BTC
Total Invested = $700
Total worth = $1036.42
June 1st 2021
1 BTC = $36,684.99
$48 of Bitcoin = 0.0013084 BTC
Total Bitcoin = 0.0234679 BTC
Total Invested = $750
Total worth = $860.92
June 15th 2021
1 BTC = $40,158.06
$48 of Bitcoin = 0.0011952 BTC
Total Bitcoin = 0.0246631 BTC
Total Invested = $800
Total worth = $990.42
July 1st 2021
1 BTC = $33,510.93
$48 of Bitcoin = 0.0014323 BTC
Total Bitcoin = 0.0260954 BTC
Total Invested = $850
Total worth = $874.48
July 15th 2021
1 BTC = $31,872.49
$48 of Bitcoin = 0.001506 BTC
Total Bitcoin = 0.0276014 BTC
Total Invested = $900
Total worth = $879.72
August 1st 2021
1 BTC = $39,859.18
$48 of Bitcoin = 0.0012042 BTC
Total Bitcoin = 0.0288056 BTC
Total Invested = $950
Total worth = $1148.16
August 15th 2021
1 BTC = $47,014.38
$48 of Bitcoin = 0.0010209 BTC
Total Bitcoin = 0.0298265 BTC
Total Invested = $1,000
Total worth = $1402.27
September 1st 2021
1 BTC = $48,834.27
$48 of Bitcoin = 0.0009829 BTC
Total Bitcoin = 0.0308094 BTC
Total Invested = $1,050
Total worth = $1504.55
September 15th 2021
1 BTC = $48,144.03
$48 of Bitcoin = 0.000997 BTC
Total Bitcoin = 0.0318064 BTC
Total Invested = $1,100
Total worth = $1531.28
October 1st 2021
1 BTC = $48,165.76
$48 of Bitcoin = 0.0009966 BTC
Total Bitcoin = 0.032803 BTC
Total Invested = $1,150
Total worth = $1579.98
October 15th 2021
1 BTC = $61,690.32
$48 of Bitcoin = 0.0007781 BTC
Total Bitcoin = 0.0335811 BTC
Total Invested = $1,200
Total worth = $2071.63
What it’d be worth today
I’m writing this on November 19th, so if you left your $1,200 investment sit, it’d be worth about $1944. That’s a gain of $744, or a 62% increase, without taking a big risk.
Of course, the price of Bitcoin will continue moving up and down.
That’s why I believe continuous smaller investments are a safe way to grow. If you look back on the numbers, there was only one time where the total worth was less than the amount invested.
Of course, investing in anything involves some inherent risk. And again, I don’t recommend investing in anything you don’t have some understanding of.
I don’t invent any money in Bitcoin that I’m not willing to lose. If Bitcoin dropped to $0 tomorrow, I’d definitely be disappointed, but it wouldn’t ruin my life or my financial wellbeing.
I also believe the numbers above are good proof that the price of Bitcoin is going to continue trending upwards for the foreseeable future. Some months it will drop, but the overall trend is upwards.
If you want to begin buying some Bitcoin and other cryptocurrencies, I’d recommend using Coinbase. You can receive $10 of Bitcoin for free, set up recurring investments, and get other coins for free.
I’ve earned $41 of crypto through Coinbase Learn & Earn. Basically, you’ll watch some short videos or slideshows that teach you about different cryptocurrencies, and get $3–5 of the coin you learn about.
Screenshot from Coinbase
And I can go earn $3 of a new coin called MLN, so I’ll have a total of $44 of free crypto later today.
You can join Coinbase here: https://www.coinbase.com/join/nolan_s4c
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