Did you know that investing in Bitcoin and Ethereum could make you a millionaire?
Imagine you wake up one day, and you have $886,000 in your bank account. You didn’t put any blood, sweat, and tears to earn them nor did you receive an inheritance from an unknown family member. You’ve just made a small investment that ballooned into a fortune over time.
That’s what happened to a man from Oslo.
Back in 2009, Christopher Koch learned about Bitcoin while working on a thesis paper about encryption. The entire system fascinated him, so he decided to invest $27 for 5,000 Bitcoins.
Koch quickly forgot about the investment until four years later when Bitcoin started popping up in the news. So, he checked his encrypted wallet only to discover that he was sitting on an $886,000 nest egg.
Unfortunately, not all of us are as lucky as Koch. But, that doesn’t mean you can’t possibly become a millionaire by investing in virtual currency. You just need to understand how they work so that you can maximize your profits.
This comprehensive guide will teach you everything you need to know about why you should invest in Bitcoin, Ethereum, and other altcoins and how to do it.
I will be direct and let you know that I am not a financial advisor and invest in cryptocurrencies at your own risk. I myself, have personally invested $10,500 in cryptocurrencies four months ago, and it has grown to be worth about $15,000 in that timespan. This included a $2,500 investment in Ethereum that I sold off after a month and a half, at a value of $5,500. The growth of my portfolio has slowed down the last month or so as Bitcoin deals with scalability issues (Segwit), that I won’t address here, as this is a post targeted for beginners.
Let’s dive right in, shall we?
Table of Contents
- The Hype Around Bitcoin and Ethereum (Ether)
- What is Bitcoin?
- What is Ethereum?
- Bitcoin vs. Ether
- Why Bitcoin and Ethereum Matter?
- Why Bitcoin, Ethereum, and Cryptocurrencies Could Make You a Millionaire?
- How to Start Investing in Bitcoin, Ethereum, and Other Cryptocurrencies
- Useful Resources to Learn More About Bitcoin, Ethereum, and Cryptocurrencies