#10 - Can N100K Bitcoin = N1 Million? [Updated]
This is an updated version of the previous email.
There were some “figure” mistakes in the previous email that have been corrected. This is an updated version with corrections in Bold. Thanks for your understanding.
Can N100K in Bitcoin today get to N1 million?
Here is a challenge I like you to do right now.
Close your eyes and imagine you wake tomorrow morning and the price of Bitcoin is $100,000.
Again, close your eyes and imagine you wake up tomorrow morning and the price of Bitcoin is $400,000.
Finally, close your eyes and imagine you wake up tomorrow and the price of Bitcoin is $4,000,000.
Okay. Good.
Now...how much will you make if you invest N100,000 in Bitcoin today?
Let's start from the first.
Bitcoin current price is $42,824.
Your first imagination of Bitcoin at $100,000, your money is up by 2.34%. Your investment became N233,514.
Your second imagination at $400,000, your money is up by 934%. Your investment became N934,055.
In your last imagination of Bitcoin at $4,000,000, your money is up by 9341%. Your investment became N4,000,000.
You wake up and you might think, I would have been able to buy and buy more if the price has been going up progressively over time than it just speed up like this.
Well, the price of Bitcoin doesn't go up progressively.
It is zig zag zag zig zig zig zig.
It is hard for the human mind to figure out such kind of price movements without thinking long term.
The problem with this kind of price movement is that most people will wake up tomorrow and see the price of Bitcoin hit those numbers you just imagined.
The only regret will be “I should have got in at this price”.
Have a great day.
To your continuous success this new week.
WAGMI