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You're Reading:Is It Too Late For Crypto?

Is It Too Late For Crypto?

by Tasos

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Oct 1, 2021

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Is it too late for crypto?

Actually, this question is the same old question that is repeating itself throughout history.

Is it too late for…?

So, you’re thinking of investing in crypto but you don’t know if there is still potential for profits and financial gains.

You don’t know if this whole cryptocurrency “thing” is just a bubble or a strategy that works.

You don’t know what is going to happen in the future.

You see, I was in your position back in 2015 when I invested in bitcoin for the first time ever. I too thought that the crypto scene was only an illusion, a dream that was too good to be true.

Let’s dive right in! 

Is It Too Late For Crypto?

Is It Too Late For Anything?

I know people that started their own businesses at the age of 60.

I know women that became mothers at the age of 65.

So, basically, nothing is impossible as long as there is “will”.

But if you’re asking me “is it too late to chat with Mr. X?” and Mr. X is dead by now, then probably I will answer, yes, it’s too late for that.

Anything is possible as long as we want it and we are committed to doing whatever it takes to accomplish our goals.

Of course, we can’t predict the future, we can’t go back in time, at least not yet. 

%

My ROI with bitcoin since 2015

%

My ROI with doge since 2016

I Was Sceptical Too

In a previous article a few days ago, I shared my experience with crypto.

When I was thinking of ways to expand my business horizons online, at some point I came across bitcoin.

There were bitcoin fans, sceptical people, and those who believed that this was just another big-scale economic scam or fraud of some kind.

As a light investor, I do invest occasionally in stocks. I rarely make any move, I only buy and wait.

Besides, this is not my field, nor do I have the time to devote myself.

When I started digging information about bitcoin, the idea of a decentralized system invisible by the authorities and tax organizations, seemed like an illusion.

But people started using bitcoin more and more.

I once had a client paying me in bitcoin.

This is when I changed my mind and decided to invest a few hundred dollars.

%

How many people have faith in digital assets, according to a 2021 survey of over 60,000 users worldwide

How many new coins appear in the market every day as of 2021

If I Only Knew

Bitcoin was doing very well and it gave birth to a series of other digital coins and currencies during the next years.

As of September 2021, there are over 6,500 crypto coins, you don’t know which one to choose.

Eventually, I watched my bitcoin wallet grow, and right now I got a 5x ROI.

Not only was I lucky with bitcoin, but I also got a 100x ROI with doge. But my investment was minimal. In fact, it was not even an investment, I received a 3600 doge payment from a company.

At that time, this was equivalent to $8 and today it’s around $800.

Not bad for someone with no extensive knowledge.

But what if I had invested $5,000?

What if I had invested $50,000?

And I can go on and on like everyone does.

The thing is…if I had invested $5,000 or $50,000 or $500,000, then things might not be the same as they are right now.

What do I mean?

Do you think that your decision to invest a certain amount of money does not affect the world around you?

What if I had invested $50,000 instead of a few hundred dollars? Then probably my father, who was following my actions would had invested $50,000 too instead of investing a few hundred himself.

Then, he might have shared the news with a friend and then maybe his friend would have invested $50,000 himself.

Then my father’s friend might have shared the news with another friend, and this person would have repeated the cycle.

Do you see my point?

Our decisions and actions affect other people’s decisions to some degree.

I mean, if I had invested $50,000 back then, maybe now I would not get 5x ROI.

The number of blockchain.com wallets at the end of March 2021.

%

How much bitcoin has gained between 2012, and March 2021

I’m Not Looking Back

I’m mature enough to not fall into the same old trap again.

What if I had done that, this, that, what if this did not happen and so on.

This is a cycle of paranoia. It can only give you pain.

Set yourself free and look forward. Follow your dreams like I do.

I had invested a few hundred in bitcoin and I got 5x ROI. You know what, I’m going to celebrate it.

I would not have gotten 5x ROI if I had invested $50,000. I know it because I know how lucky I am.

I am sceptical by nature, I do not take rash decisions, I calculate everything. I do take risks but I set some limits.

These limits keep me sane and in control.

Lack Of Knowledge

But the factor that influenced my investing decision back then the most, was a lack of specialized knowledge. 

I was just a crypto newbie, I did not know who to follow, who to trust.

I was reading articles, browsing the web, watching videos, a book here and there, but I could not find a true mentor.

And so, I decided to invest a few hundred and watch what happens.

The experiment was successful, now what?

The total cryptocurrency market cap in TRILLIONS of dollars

Bitcoin's total market capitalization in TRILLIONS of dollars

The Crypto Industry Is Booming

Thousands of people are making millions of dollars every year with bitcoin.

I know a couple of them personally but they don’t share their secrets.

Here are few interesting statistics:

According to finance Research and TechJury, the confidence for cryptocurrency as of January 2021 is almost 100%.  In a 2021 survey of over 60,000 users worldwide, 97% of them confessed their faith in digital assets.

According to the same resource, there are about 900 new coins in the market every day as of 2021.

According to Statista, blockchain.com wallets reached over 70 million wallet users at the end of March 2021.

According to Statista again, Bitcoin’s popularity surged in 2020 and 2021 due to growing price levels, but nevertheless, it wasn’t the most traded cryptocurrency on online exchanges. Based on 24-hour trading volume, it was the much lesser-known Tether that took that position – ahead of Bitcoin. The two virtual coins were the only ones to reach over 100 billion U.S. dollars, with Ethereum following by around one half this amount.

According to YoungAndTheInvested, between 2012, and March 2021, bitcoin has gained 254,445%.

According to the same resource, the total cryptocurrency market cap is $2.16 trillion, or equivalent to the 8th largest economy globally.

According to the same resource, bitcoin’s total market capitalization is over $1 trillion.

Top Crypto-Experts Share Their Wisdom

If you’re sceptical like me, and you believe that crypto is just another shiny object, wait until you see this.

On October 12, the biggest minds in the crypto world are sharing their insights, stories, expertise, experience, thoughts, and wisdom.

I wish there was an event like this in 2015 when I decided to invest only a few hundred dollars.

You’ll find answers to critical questions you have.

You’ll get to know how to invest, when to invest, how much to invest, what to invest in, what coins to buy and sell, and so much more.

You’ll get to know the dark side of crypto so you can put your money in the right opportunities.

You’ll get to know what to do when crypto goes down.

You’ll get to avoid traps and mistakes rookies make.

These are top experts in their respective fields with vast experience and a proven track record.

Crypto Revealed 2021 Documentary Starting October 12 – Full Review and Exclusive Bonus

Why This Event?

So why dedicating my time to watch this documentary instead of every other documentary?

Hmmm… a decent question that needs to be answered.

I trust the producers. I’ve watched around 5 documentaries and I was taking notes like crazy.

In many cases, their guests are well-known entrepreneurs that I follow for years and wholeheartedly recommend to my circle.

In the case I come across a guest that I don’t know, I always learn something new.

For me, Revealed Films has a proven record of quality productions.

I feel that this time, it’s going to be even better.

Because the topic is so hot. So timely.

Let’s synchronize in this and watch this event distraction-free.

Prepare to take notes! I am taking notes, and I’ll be reporting each time with a blog post.

Why am I taking those notes? 

It’s finally my time to learn how to level up my pathetic up until now investing strategy. The waiter. So fascinating that you write a book.

Feel free to bookmark this page.

Do you have a vision?

What are you going to do? Are you going to take some risks in order to discover what the world of crypto hides? Or are you just going to watch things as I did back in 2015? I know, I invested a bit but I should have done more.

I’m not here to tell you what to do, or if it’s too late or not. Sorry, I won’t. I just shared my story.

Whatever your decision is, I want to congratulate you just for researching it.

This means a lot!

That’s it, another article has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time.

Tasos Perte Tzortzis

Tasos Perte Tzortzis

Marketing Consultant, Creator of the "7 Ideals" Methodology

Although doing traditional business offline since 1992, I fell in love with online marketing in late 2014 and have helped hundreds of brands sell more of their products and services. Founder of WebMarketSupport, Muvimag, SummerDream.

I enjoy reading, arts, science, chess, coffee, swimming, Audi, and playing with my kids.

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