Have you ever thought to yourself, “If I’d have only invested in XYZ 5 years ago, I’d be a rich man (or woman) today”? I’m sure we all have. Hindsight’s 20/20 when looking at markets we “could” have invested in. If we only had a crystal ball and could see into the future, we could see what the next big thing would be and we could get into it today and find ourselves with loads of money tomorrow. Unfortunately, most of us don’t possess a crystal ball or power of precognition. We do possess, however, the ability to look at past trends and make educated guesses about future trends. One of these trends we can look at today is cryptocurrency. Cryptocurrency is still a fairly new concept, but we can look back on one particular cryptocurrency, the first crypto-coin, BitCoin and see that the rewards of having bought into that when it came out, would have been phenomenal.
Take the creator of Bitcoin, Satoshi Nakamoto, for instance. While nobody knows exactly who this enigmatic person is (the name is a pseudonym) we do know one thing: Satoshi is probably sitting on a stash of around one million bitcoins! At the current market values, that equates to more than 500 million dollars and could reach over a billion dollars, depending on how much the Bitcoins fluctuate over the next few years.
When Nakamoto first created Bitcoins, he wrote, “Instead of the supply changing to keep the value the same, the supply is predetermined and the value changes, as the number of users grows, the value per coin increases. It has the potential for a positive feedback loop; as users increase, the value goes up.”
This is exactly what has happened. The more people who are “getting on board” with Cryptocurrency, the greater the value of the currency. With BitCoin, that value has seen an increase of phenomenal proportions, but over the last year or so, it seems to have steadied itself to around $600 per coin. While it may see an increase, chances are it’s not going to go to $1000 again. Does that mean that you’ve “missed the boat” again?
Is it too late to get on board?
While it may be too late to see that payload with BitCoin, the good news is that new Cryptocurrencies are coming out every day! Of course, as with any other market, some have awesome potential while others (like the infamous DogeCoin) are duds. If you do, however, find a good startup cryptocurrency and get in on the ground level, you can literally make millions off of it in a few short years! It does depend on how much you are willing to invest, of course, but even a minimal investment can yield outstanding results ‘IF’ you find the right one.
There have been many examples of successful entrepreneurs who have found viable cryptocurrency markets and turned hundreds into hundreds of thousands or millions. Such examples as Dennison Bertram who got in at the ground level of the Terracoin or Sebastian Greenwood who helped grow OneCoin are not that uncommon. These people recognized the value in the respective cryptocurrencies and got in early, and there is no reason why you cannot do the same!
How can I get in on this?
If you check the current market values of the various cryptocurrencies available, you can browse through the various markets and make an educated decision on which ones may be winners. Of course, as with any market (especially one as volatile as cryptocurrency), you are taking a risk. You may see little to no return on your investment. On the other hand, you may see a tremendous return on your investment. One key component that may help you to succeed in cryptocurrency is diversification. Move your money around a little. Try putting a small amount of investment in several of the upcoming cryptocurrency markets and keep an eye on which ones seem to be growing quickly and which may be stagnating. You can then move your investments around until you find a winner.
Of course, you CAN invest in more standard markets like foreign exchange and stocks and bonds, and still make some money. But if you really want to play the game and see fantastic returns on minimal investments, you’ll find that with cryptocurrency, the sky’s the limit!