2022 was not the year of the cryptocurrency flag. Everything from Bitcoin to ether has lost its value and is now ether. So, of course, 2022 was the year I made a big “investment” in Bitcoin.
Well then. It was a stunt investment rather than a real investment. Towards the end of 2021, PayPal announced that it would offer a Bitcoin wallet. You can transfer PayPal funds to Bitcoin. I couldn’t resist.
So on January 1, 2022, I bought a whopping $ 50 worth of Bitcoin. As I documented, it wasn’t a smooth process. There was a fee and Bitcoin’s proud anonymity went out of the window to meet PayPal’s verification requirements. But still, I experienced it all. Dear reader, I did it for you.
But I was going to be rich in cryptocurrencies, so that’s okay. not really. After all, $ 50 can’t grow that much. In my case, it increased by -14% in a week. Yeah, it lost its value.
After 3 weeks I decreased by 28.11%. And that’s the last time I’ve updated you about how that investment was made.
As of today, my advance to bootstrap the road to billions of dollars in Bitcoin is just six months. So how do I do it? this. teeth. No. cute.
Yes, I’m 60.31% below where I started. Well, to be fair, I lost only $ 30.85. And since I’m getting quite a lot of good article content from now on, that’s fine for me. That was my intention. I will write another article at the end of 2022.
But what if I was a serious investor with the vision of taking care of crypto capitalism through the skull? If I had invested $ 500 instead of $ 50, I would have lost $ 300. If you invested $ 5,000 instead of $ 50, you would have lost $ 3,000. And if you invested $ 50,000 because you wanted to see a big return,Mind bottling“$ 30,000!
So yeah. Bitcoin. yay?
Also: Frankly: Don’t buy cryptocurrencies unless you’re ready to lose your shirt
You see, it can all turn around on the dime. After all, Bitcoin is fictitious fake money and is just one part of the blockchain. However, as mentioned in January, we don’t recommend betting money on Bitcoin (or any other cryptocurrency) unless it’s okay to lose your shirt.
Seriously, this is an unstable gambling. If you’re used to gambling and know exactly what you’re looking for, that’s one thing. But you need to be ready, willing, and able to lose your entire investment. If you can’t hit, don’t miss your chance.
And unless there’s really exciting Bitcoin news between now and in the meantime, see you right after the New Year in the final tally of this 2022 investment experiment.
Live long. And prosper.
So what about you? Did you make a crypto investment? Did I encourage or discourage you? Please let us know your thoughts in the comments below.
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Watch the video here: My Bitcoin “Investment”: Just 6 months later, how much profit or loss did I make?