Bitcoin Investment: Recently, a Redditor posted that if he had invested Rs 200 in Bitcoin in 2010, he would be worth Rs 1 billion today. The comment section got filled up with arguments in no time, and most people pointed out that investing in Bitcoin at that time was not as easy as it seems. Bitcoin mining in 2010 needed technical expertise, and mass trading platforms such as Binance or other applications weren’t there until 2015. Smartphones were yet to hit their peak, and individuals were just learning how to use apps such as WhatsApp and Facebook.
Netizens posted real-life anecdotes about how improbable it was that most individuals would have invested in Bitcoin during that time. One person explained that their acquaintance was presented with Bitcoin during 2009-2010 but had to spend Rs 1,000 since the merchant couldn’t sell at a profit on anything less. To put this into perspective, Rs 1,000 was no small amount at the time -anything but small.
Another reader remembered that a relative was being told to purchase Bitcoin at Rs 25,000-30,000 with an offer to receive 12 coins for the cost of 10. They let it pass due to not trusting and not knowing.
Most netizens would concur that musing over probable situations is not as helpful as learning from them. Exposure to new technology in early days, such as Bitcoin, tends to go unnoticed. One user related how, when in eighth grade, they had read about Bitcoin on a news app and had recommended it to their father — advice they were disapproved of then.
The consensus: rather than lamenting on possibilities lost, find cheap assets today that may appreciate in the future and invest intelligently. As much as Bitcoin’s growth has imagination, early adoption was exceptional and demanded knowledge, risk-taking ability, and at times plain luck.
If I had invested Rs 200 in Bitcoin in 2010, I would have Rs 1 billion today.
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