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One of the most controversial investment vehicles of the past 10 years. crypto assetsIn recent years it has made some people rich but driven others to suicide. As
One of the most controversial investment vehicles of the past 10 years. crypto assetsIn recent years it has made some people rich but driven others to suicide. As such, people’s Bitcoin (BTC), their attitude towards cryptoassets is not clear. On the last point we got to, while some are still against crypto assets, some are arguing that these investment tools are the future.
Agree If you invested 100 TL when Bitcoin first came outHow would your investment change over the years? In this content, we are going to look for the answer to this question. The stats you see are guaranteed to swallow your tongue…
Before moving on to our content, let’s explain exactly what we’re going to do. First of all, Bitcoin was listed on an exchange. first date will return, we will determine how many dollars 100 TL will be made with the exchange rate of that day. Next, we’ll identify the days when Bitcoin is at its highest and lowest periodically, and we’ll look at how our initial investments changed during those days.
The last part of the content states that the investment made on day one counts from the day this content is written (30th of April) we will determine how much value it achieves. To make it more understandable, quarter gold We will also reduce it. Let’s see if Gold or Bitcoin is going to win.
Bitcoin was sold for the first time in history on a website called BitcoinMarket. March 17, 2010 The website, which was open to everyone, cost 1 BTC at the time. $0.003 was appraising. We know it sounds like a joke, but it’s not. Bitcoin, where we are talking about tens of thousands of dollars today, was only worth 3 per thousand of 1 dollar on March 17, 2010.
*Source: TradingView
During our checks, on March 17, 2010, $1 1.51 TL We have come to the conclusion that it is (good old days). According to this; With the 100 TL we had, we would have gotten $66 under the terms of that day (not counting the fraction). On the same day, as the price of 1 quarter gold 87 TL was flat. That would be a quarter gold and 13 TL would be left.
Let’s get to the main point: if we converted our 100 TL to dollars on March 17, 2010 and then bought BTC on BitcoinMarket, we would have exactly what we had. 22 thousand pieces, yes you are right, there would be 22,000 BTC. All the excitement of the content is already gone. 🙁
BTC, which entered the market on March 17, 2010, even if you’re so worthless continued to rise. In this context; October 10, 2010 was a historic day for cryptocurrency. Because 1 BTC went down in history as $0.1 that day.
The Turkish Lira, on the other hand, appreciated against the dollar, the day’s parity was $1.41. However, this was not a problem. Because a Turk who bought 22 thousand BTC on March 17, 2010, on October 11, 2010 your $2,200 was the owner. That would yield 3,102 TL. With this money a car could be bought, even if it was bad in those years.
For those wondering, let’s say; On October 11, 2010, a quarter of gold was 98 TL. While gold counts, BTC investor screamed with joy.
Medium-term investment times were very profitable for Bitcoin during those years. Because if the calendars show February 9, 2011, 1 bitcoin 1 dollar it had become. In other words, the person who invested $66 a year ago had $22,000 in money.
The dollar exchange rate rose to 1.58 and the profit of the investing citizen increased even more. The money in the hands of our investor, 34 thousand 760 TLhas achieved. A quarter of gold traded for just 110 TL.
BTC, which saw $1 in February 2011, fell to the $0.67 level several months later. However, this was not so important for our fictional investor. Only Loss of profit situation had arisen.
BTC price jumps occurred at much higher rates at that time. Calendars June 2, 2011Bitcoin, which saw the $10 level for the first time in history when it was shown, brought in $220,000 for its investor, who made 22,000 purchases on the first day of its release.
At that time, quarter gold was trading at 125 TL, while the dollar-TL parity was around 1.58. Investor money 347 thousand 600 TLHe had reached . Maybe he was in a position to buy a house. Just days after that, on June 8, 2011, 1 BTC reached the $30 level. Investors celebrated…
Bitcoin seemed to have vowed not to leave investors calm. just a few months ago 30 dollars Bitcoin, which rose to the level of , fell to $2 on November 18, 2011.
Our investor still had profit but lost profit in a bottomless pit Had rotated. The investor, who had $44,000 (TL80,520) left that day, probably thought he was going through the worst days of his life.
November 18, 2011 went down in history as Bitcoin’s first collapse. This, of course, takes time to recover. On June 8, 2011, Bitcoin was unable to reach its price of $30 until February 25, 2013. While the dollar is trading at 1.8 levels, the quarter’s gold price is 146 TL was flat.
Despite everything, the investment of 100 TL that the investor made a few years ago, from now on. 1 million 188 thousand TLhas achieved. Our investor was now a millionaire!
BTC reached $30 in February 2013 and appreciated almost 8 times in April 2013 and Levels up to $230 rose. However, from April 10, 2013, that painful process started again. BTC, which fell to the USD 70 level in July, did not see the USD 230 level until October 2013. This date is for Bitcoin it was a new rally.
The day of the Bitcoin investor did not keep up, but no matter what, the faces were smiling. The BTC price, which was below $100 a while ago, was on November 27, 2013. $1,000 reaches. 22 thousand Bitcoins purchased in 2010 were worth $22 million on November 27, 2013.
Our fictional investor in Turkey stopped calling money money. 1 dollar has reached the level of 2 TL, the money in hand 44 million TLhad risen to . The quarter gold price at that time was 128 TL.
November 2013, for Bitcoin investors it was a historic turning point. Bitcoin, which has worse prices at the end of almost every month than the previous month, bottomed twice in January 2015 and August 2015. Fortunately, a new upward wave started after that and February 2017In, Bitcoin was able to see the $1,000 level again.
So much so that this cryptocurrency was now on the agenda of economists and the neighborhood supermarket. Because Bitcoin for the first time in history It had reached the $20,000 level. In the meantime; The one who was most happy about this was our fictional investor. 22,000 Bitcoins equaled $440 million on December 17, 2017. 1 dollar rose to 3.8 TL.
Our investor had now become a TL billionaire. money in pocket, 1.7 billion TL (billion) level. Quarter gold traded around 250 TL.
in 2017 ATH (all time high) unfortunately followed by dark days. When he first saw the $20,000 level, Bitcoin fell so much that in January 2019, the $3,500 levels started talking.
Of course, many people were injured in the process. Those who invested their wealth in Bitcoin and did so even with debt were literally helpless. At the time, the news was coming from Bitcoin. suicides we heard. Bitcoin’s return to its previous ATH level was possible in November 2020.
The $20,000 level in November 2020 ignited the bullish pit for Bitcoin. April 2021 up to 65 thousand dollars Bitcoin, which rose, fell to $30 thousand on June 1, 2021. This drop was the lowest level before an increase above 100 percent.
BTC, which has made unprecedented moves, will be released on November 10, 2021. Even your $69k came up with it. The investor, who bought 22 thousand BTC for 100 TL in 2010, had the best day of his life that day. The money in the hands of our investor has reached the level of $1.5 billion.
Dollar TL parity had risen to 10. investor, 15 billion TLwas the owner. On the same day, quarter gold traded at 938 TL.
No increase is permanent. The best example of this was seen between November 2021 and November 2022. Bitcoin started falling in November 2021 and bottomed out in November 2022, 16 thousand dollars saw the level. Our investors’ money fell from $1.5 billion to $352 million.
But this time the dollar-TL parity was a mess. The price rose to 18.60 levels. Investment, 6.5 billion TLIt went to…
Our fictional investor, who bought 22 thousand BTC for $66 on March 17, 2010, today $638 million owner. This amount corresponds to approximately 12.4 billion TL. The current price of a quarter of gold is about 2,300 TL. According to this;
What do you think of this situation? Don’t forget to share your ideas with us.
Remark: Crypto assets are high-risk investment vehicles. Therefore, you should be careful when making your investment. This content should not be considered investment advice.
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Source: Web Tekno
Jason Root is a blockchain enthusiast and author at Div Bracket. He provides comprehensive coverage of the latest developments in the world of blockchain, offering readers a unique perspective on the industry and its potential for revolutionizing various industries.
