The best time to buy bitcoins!

You must have heard people saying: “It’s too late to buy bitcoins!’’ Or, “It’s too expensive already!’’ And the fact is that it’s true, it doesn’t seem to get any cheaper in terms of dollar price, but there is a reason why it’s value continuously accelerating right? For example, when first time I heard about Bitcoin it was 300 dollars, and I thought to myself: How on earth this bitcoin can worth 300 dollars, I just couldn’t believe it. At the time I had no clue what Bitcoin was and if I had to guess, I imagined that is a physical token of some sort. I didn’t do any research at the time, but next time I heard of Bitcoin about 2 years later when Wannarcy ransomware was all over the news, the price of Bitcoin was about 1700 dollars. In case is first time you hear about WannaCry, it was a cyber-attack, lasted 4 days back in May 2017, targeting computers running Microsoft windows operating systems, which eventually hit about 300,000 computers in more than 150 countries. The computers became unusable, and files were inaccessible, while the Cyber gang or hackers, asked for a ransom paid in bitcoin, for unlocking computers, so they can be usable again. Back to the Bitcoin price, I just couldn’t believe that is gone up again so much! I thought 300 dollars was already too much, but 1700, is definitely over the board. At this point I still didn’t buy any, but began to study and learn as much as possible about the technology by reading books, blogs, forum posts, watching video courses, presentations and documentaries. By the time I was confirmable to start investing, the price of Bitcoin was already 2400 dollars. In the other hand, you hear people they bought bitcoins in the early days like back in 2010, invested 20,000 dollars, when the price of a coin was about 20 cents, and they are now Bitcoin millionaire right? Well, I am not a Bitcoin millionaire, and being honest, those people had a nerve to do such thing, because they clearly didn’t understand much about Bitcoin, unless they were developers, or have close connections to Bitcoin Devs. But the fact is that Bitcoin had major bugs through years up until 2014, and the network was instable, and once the bugs were fixed and Bitcoin adoption began to rise, there was a scalability issue, as the adoption rate was too high for the network, which only got resolved in 2017 by implementing Segwit, known as segregated witness. Basically, if you started investing in the early days, when there was low adoption, no wallets, no merchants, various technical issues, like unstable network and major bugs, investing in Bitcoin was more like a gamble, or a long term bet. You might have heard about the Bitcoin pizza guy, or the story if the most expensive pizza? If you not familiar with the story, basically a Bitcoin programmer, named Laszlo Hanyecz, in May 2010, posted a request that he would like to buy pizza, and wants to pay with bitcoins. Eventually he managed to buy 2 pizzas for 10,000 bitcoins, which was the first recorded Bitcoin payment that was in exchange for goods. This is a very famous story ever since, and people quote all sort of figures that it was a 15 million, or 85 million dollars’ worth of pizza, and some people also says that he was stupid to spend 10,000 bitcoins on 2 pizzas. The reality is that the coins were nearly worthless at the time, didn’t worth not even a penny, so Laszlo said that he made a really good deal at the time, and he had no clue that the price would ever go up in value. If you want to look at the transaction where Laszlo spent 10.000 BTC-s for 2 pizzas on the 22nd of May 2010, visit the following link

 At the time they said that those 10000 bitcoins were worth about 41 dollars, and eventually the pizza merchant also sold his 10,000 bitcoins for 400 dollars, making 10x on his money. Yet, today those 10,000 bitcons worth $159,420,500. With these stories, I just want you to see that investing in Bitcoin never seem too late, and most people say that the best time to buy bitcoins is yesterday, but my advice is that you should only buy bitcoins once you feel comfortable doing so, and don’t let the price bother you, because in long term, the value will be increasing anyways. By the way, if you want to became a millionaire overnight, Bitcoin is not for you. Bitcoin, as an investment will appreciate its value, but in the long term and not overnight.