If you had bought $10 worth of Bitcoin in 2009, how much would you have right now?

If you had bought $10 worth of Bitcoin in 2009, how much would you have right now?

If you had bought $10 worth of Bitcoin in 2009, how much would you have now?

coindesk-bpi-chart If you had bought $10 worth of Bitcoin in 2009, how much would you have right now?

We always hear about Bitcoin millionaires who invested a couple of dollars back in 2009 and are now living the high life. There’s a popular story about a guy named Koch. He bought 5000 BTC for $27 in 2009. At this time, Bitcoin had just come out and it was fascinating to encryption enthusiasts.

So, if you bought 5000 BTC for $27, that puts the price of one bitcoin at $0.0054 in 2009. If you had bought $10 worth of Bitcoin then you would get around 1852 BTC. With the increase in value being exponential, the price is now over $2000. At the time of writing this article, the BTC price today is over $2510. Your investment of $10 in 2009 would now be worth just $500,000.

In January 2009, the first block was launched in order to allow for the mining process to begin. This led to the very basis of the giant currency we know today.

As Bitcoin grew and started to gain speed, people began using Bitcoins for exchange. There was a popular story on Reddit about a pizza that was bought in exchange for 10,000 bitcoins. At the time it was worth $25, it’s now the world’s most expensive pizza ever sold as it’s valued at just under £20mn. 

If you think that Bitcoin will keep climbing in price as Goldman Sachs believe, you can also buy bitcoins! The BTC price today is around $2510 and could rise to go over $4000 according to the bank’s best analysts.

Cex.io: The World’s Preferred Exchange

Cex.io is quite intuitive and easy to use. Beginners who are adventuring into the world of Bitcoin will find it’s very informative and reassuring. The website has a great customer service, for helping people with any issue, and it works pretty well surprisingly. 

The exchange offers a free online wallet for your bitcoins on the creation of a free account!

The website has been backed by several large investors, which proves that it’s a trustworthy website for your currency needs.

Cex.io provides several secure ways of depositing and withdrawing from your online wallet. Depending on your region, you will be able to use credit cards, bank transfers in order to deposit money. Once you create your account, it’s very easy to connect your bank account with the Cex.io, using a secure method so that your information is safe. You can then deposit money into your wallet and start buying Bitcoin!

Also, a 2-factor authentication is mandatory for all accounts. Therefore you need to connect your mobile phone while creating your account. A 2-factor authentication is essentially a text. You would receive the text on your phone. It should include a code that will be used to verify any transaction that you carry out on the website. That makes sure that a hacker cannot enter your online wallet and send your money to different accounts.

Cex.io has been the benchmark of good quality online exchanges, providing great security standards and several different coins. Overall, the website is pretty efficient and has great trading features too.

If you’re really interested into trading, check out our guide for a great investment technique for Bitcoin!

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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