Hello Friends,
I am new in cryptocurrency world. But as far as I understand so far, quantity is very important to make some one rich.
For example if someone purchase one Bitcoin for $5000 and hold it for years, how much well off he can be in future? Bitcoin may rise to $25k but still he wont be rich.
Even if a person bought only one bitcoin at 2009, he would still not be rich today with just one bitcoin. He will only have $5k. All the statistics that we see that will make some one millionaire it is only if some one had hundreds of bitocins!
So, is it good idea to spend $5000 to buy just one bitcoin or spend that money to buy thousands of other coin that has potential to grow? Which one has the potential to make some one millionaire at present considering Bitcoin price is almost out of reach $5k/bitcoin ?
Thanks
I like your thinking, however, you have understand that bitcoin can make you rich, it will depend on how much you are willing to invest into bitcoin. The are some people with thousands of btc.
But if you can afford only one bitcoin, then best thing to do will be to use that bitcoin to buy into altcoins, those altcoins you buy might make you have more bitcoin years later.