The following is an excerpt from Mihăiță Bamburic | June 12, 2017 | Betanews.com |
The price of Bitcoin this year has served as a constant reminder that I should take chances more often. When I wanted to invest a small amount -- but didn't -- it cost less than $30. On January 1, it was trading for over $1,000. On May 20, it broke the $2,000 mark for the first time.
And, today, the price of Bitcoin breaks another record, trading past $3,000 for the first time. It is a huge increase in less than half a year, and an astronomical increase compared to when I should have invested -- I wish I didn't know math for a second, because the price of Bitcoin today is 100 times higher. Ouch!
The price of Bitcoin hasn't evolved without some crazy fluctuations along the way though. For instance, in December 2013, Bitcoin broke the $1,000 mark for the first time, and a year later it was worth less than $450. That would have scared investors, but even if you bought Bitcoin for $30 and sold for $450 you would still have made a huge profit.
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