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Why I Despise the ‘If You Had Invested in Bitcoin’ Argument | by The Blockchain Chronicles | The Dark Side | Aug, 2024

1 year ago
in Altcoin
Reading Time: 2 mins read
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For non-Medium members, click on right here to learn this story without spending a dime!👌

Few tales seize the creativeness fairly just like the meteoric rise of Bitcoin. The thought typically goes like this…

“In case you had invested $1,000 in Bitcoin in 2012, you’d be a millionaire as we speak!”

Certainly, it’s a compelling thought, however like many issues that appear too good to be true, this narrative oversimplifies the complexities concerned in buying and selling and funding.

To really grasp the total context and implications, one should discover the nuances of Bitcoin’s journey, market volatility, and the broader crypto panorama.

The Sensationalized Crypto Paradise Story

Think about it’s 2012, and BTC is lounging on the seashore, buying and selling at a chill $10-$13 per coin.

You resolve to dive in and make investments $1,000, scooping a straightforward 100 BTC!

Quick ahead to as we speak, and Bitcoin has ridden the waves to a jaw-dropping $73,750.07 in March 2024.

At its peak, these 100 Bitcoins can be price a staggering $7,375,007! Sure, you learn that proper, seven…



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