Author: dfmines

A lot of new investors believe that they have missed the opportunity on bitcoin. This is simply not true. Less than 10% of the world currently know about bitcoin. That leaves over 6 billion people in the world who do not know about bitcoin. So in actuality, the investors who are getting in now who think they missed the boat are in fact, early adopters. Related Reading | Bitcoin Price Breaks $45,000 For the First Time In Over 2 Months, Is $64,000 Possible Again? That aside, dollar-cost averaging (DCA) has become an increasingly popular way for people to invest in the market. Dollar-cost averaging is simply the art of spreading the investment over a period of time instead of buying everything in one fell swoop. Simply put, say an investor has $1,000 to invest into BTC, instead of buying BTC worth $1,000 at once, they could choose to spread out the buying over a period of time. Related Reading | Crypto Market Cap Inches Closer To $2 Trillion, What To Expect From The Market So said investor could decide that they want to buy the BTC in the span of 10 days. Buying $100 worth of BTC every day for 10 days. Or maybe buying $10 worth of BTC over 100 days. The idea behind it remains the same; spreading the investment out so the impact of volatility is reduced on said investment. How This Would Work Out In Bitcoin Bitcoin is at least a decade old at this point, so a lot has happened in the market. Given its tremendous growth, investors wish they had invested a large sum into the asset when it was still cheap. But what if you had put $10 every day into bitcoin for the last five years? How much would you have now? Related Reading | Bitcoin AT $46K, Will The Market See $50K Before The Next Bear Market? Well, if an investor had investor $10 a day for the past five years in BTC, the total amount spent would have come out a little over $18,300. But the amount in BTC would have been over $334,000. Leading to over 1,800% gains from investment. So a $300 a month investment would have come out to over $300,000 in returns after the initial investment is subtracted. Going even farther back than five years would lead to even more gains. And going back 10 years would have seen investments grow over 100,000% in just the last decade alone. Bitcoin Price Till Date Bitcoins were literally worth nothing when they first came out; $0. They were being given away for free. One could mine with an old laptop and have hundreds of bitcoins in no time. But as people began to see the usefulness of the technology, the price of the asset began to soar. Related Reading | Bitcoin Will Break Above $100,000 In Six Months, CEO Omar Chen This lead to BTC gaining value as time went on. More people began to use the asset. But it still was not well-known until the Silk Road bust. When federal agents busted the website in which BTC was the main currency for trading, everyone wanted to know what this currency was that could not be traced. The price mostly stayed flat following this until 2017, which is when one of the most notable bull markets took place. The price of BTC went surging from below $4,000 to $19,000 between April and December 2017, setting a new all-time high. BTC price has grown over 400,000% since inception | Source: BTCUSD on TradingView.com Back then, it seemed as if BTC had peaked and would crash back to zero. But four years later, BTC is still going strong, with $30,000 being viewed as the bottom for the cryptocurrency. This just goes to show how much more bitcoin can and will grow in the coming years. Featured image from The Week, chart from TradingView.com

A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global cryptocurrency exchange Binance to identify hackers […]

submitted by /u/TylerStewartYT [link] [comments]

I am making this post for one reason. To stop newbies who don't know about IOTA history from getting scammed by the IOTA ads from Linus Naumann who is a MOD of official IOTA sub. Look at this most recent post from Linus Naumann. You can look at every post in this sub made by…
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submitted by /u/kekknia [link] [comments]

Greetings folks, I'm from Lebanon where the minimum wage is now less then $40 due to hyperinflation. I'm one of the lucky ones to earn a salary of around $90 as a graphic designer, however I think there's a lot of opportunity in the crypto space to earn some supplementary income. Banks are dysfunctional here,…
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According to bybt.com liquidation data $400M got liquidated last 24hr Total of 72,000 traders If this is a start of a bull cycle, theses statistics will go up tremendously. submitted by /u/Mayday_97 [link] [comments]

It can be daunting to buy Crypto when it seems like it's already surged, I was looking at charts back in January that had months of growth and I was so nervous I was buying the top. TBH this sub is what convinced me there was still a way to go and once I saw…
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submitted by /u/czechrebel3 [link] [comments]