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[AudraMiller]

There was a time nine years ago, when the news about crypto and bitcoin was always taking a backseat and to be hones there were not many people that were entirely interested in these digital currencies. Many were skeptical about it and many more were even staying away from it entirely because of the low and practically non existent value that it had.

In 2011 he price of a single bitcoin in South Africa was roughly ZAR 650. This would mean that in order to purchase a house that has a value of one million south African rands, the buyer would have to fork out 1500 bitcoin. A large amount which is considered to be that of a whale today.

But let us look at the price change now. 9 years later and now you can buy a 1.4 million rand house for just 6 bitcoin.

This in my opinion shows the true value of the long term effects that this currency can have if it is kept for a sufficient amount of time and if people resist the urge to sell at every turn. Do you think that we can see another increase in price and value like this as we have seen over the last 9 years?

 

[Josemendez]

There was a time nine years ago, when the news about crypto and bitcoin was always taking a backseat and to be hones there were not many people that were entirely interested in these digital currencies. Many were skeptical about it and many more were even staying away from it entirely because of the low and practically non existent value that it had.

In 2011 he price of a single bitcoin in South Africa was roughly ZAR 650. This would mean that in order to purchase a house that has a value of one million south African rands, the buyer would have to fork out 1500 bitcoin. A large amount which is considered to be that of a whale today.

But let us look at the price change now. 9 years later and now you can buy a 1.4 million rand house for just 6 bitcoin.

This in my opinion shows the true value of the long term effects that this currency can have if it is kept for a sufficient amount of time and if people resist the urge to sell at every turn. Do you think that we can see another increase in price and value like this as we have seen over the last 9 years?

In some low tier countries , the worth of just one bitcoin is tremendous and can buy a whole lot of things. This is a sign that bitcoin is the future of cryptocurrency .

 

[SCAMEXPOSER]

The fact is that the bitcoin is a great asset that will continue to rise regardless and the best to make out of bitcoin is to keep it for a longer time when the price will be higher.

 

[Salina]

There was a time nine years ago, when the news about crypto and bitcoin was always taking a backseat and to be hones there were not many people that were entirely interested in these digital currencies. Many were skeptical about it and many more were even staying away from it entirely because of the low and practically non existent value that it had.

In 2011 he price of a single bitcoin in South Africa was roughly ZAR 650. This would mean that in order to purchase a house that has a value of one million south African rands, the buyer would have to fork out 1500 bitcoin. A large amount which is considered to be that of a whale today.

But let us look at the price change now. 9 years later and now you can buy a 1.4 million rand house for just 6 bitcoin.

This in my opinion shows the true value of the long term effects that this currency can have if it is kept for a sufficient amount of time and if people resist the urge to sell at every turn. Do you think that we can see another increase in price and value like this as we have seen over the last 9 years?

Yes, may be it surely.. Because it's price is going up day by day ,it is not looking stable so hopefully it will be on peak of success after 9 years.

 

[SCAMEXPOSER]

Yes, may be it surely.. Because it's price is going up day by day ,it is not looking stable so hopefully it will be on peak of success after 9 years.

Stability in the price of bitcoin is disastrous because many people will be loosing and fluctuations is what makes people embrace it the. More.

 

[Niftyicon]

Bitcoin has indeed utilized those nine years to grow in price and gain more popularity. Here, even 2bitcoin will buy you a choice home.

 

[Wisdom01]

This shows how the price of bitcoin to the extent that the its having a large distance gap compared to the former price ,am really impressed i hope it increases further

 

[Brain]

You are right about the value that will keep rising as the years roll by. I'm beginning to store mine to re resist the urge of selling. I'm believing more in it now

 

[Josemendez]

Stability in the price of bitcoin is disastrous because many people will be loosing and fluctuations is what makes people embrace it the. More.

If cryptocurrency started as stable coins , believe me most people won't venture into it because there is no gain in such investment that is stable

 

[highspeed]

Well, with optimism, my answer could be yes.
Calculating today the average of $ 15,000 worth for 1 Bitcoin, it would mean that buying a house there would be the equivalent of a cost of about $ 90,000.
Thank you.

 

[SCAMEXPOSER]

If cryptocurrency started as stable coins , believe me most people won't venture into it because there is no gain in such investment that is stable

People that will use it are people engage in international trade for easy way to transacts and forex dealers will also engage it

 

[Josemendez]

People that will use it are people engage in international trade for easy way to transacts and forex dealers will also engage it

This is quite true but investors will not likely invest much in it as they won't be able to earn much from the the investment due to stability .

 

[bitforex22]

This is quite true but investors will not likely invest much in it as they won't be able to earn much from the the investment due to stability .

you are right, investors always look for anything they can get on when it's just starting , good projects like hex have made very people lots of revenue and rare projects so key is finding a good project

 

[Wisdom01]

You are right about the value that will keep rising as the years roll by. I'm beginning to store mine to re resist the urge of selling. I'm believing more in it now

Sure that is what more people are doing because its appreciating in price , so some people will rather invest in bitcoin than invest in land and building

 

[Brain]

Sure that is what more people are doing because its appreciating in price , so some people will rather invest in bitcoin than invest in land and building

Yeah bitcoin is like the new gold now, that we can interest in for future use. I'm seeimg the value rising more and more but then again investing in lands and property isn't a bad idea

 

[SCAMEXPOSER]

Yeah bitcoin is like the new gold now, that we can interest in for future use. I'm seeimg the value rising more and more but then again investing in lands and property isn't a bad idea

Probably it is the high value of bitcoin that makes it easier for those having it now to buy very comfortable houses with 6 bitcoin which is estate investment.

 

[Wisdom01]

Yeah bitcoin is like the new gold now, that we can interest in for future use. I'm seeimg the value rising more and more but then again investing in lands and property isn't a bad idea

Yeah its not that bad but considering the post i think its more better to invest in bitcoin than in land , but you can balance it if you want to

 

[Josemendez]

you are right, investors always look for anything they can get on when it's just starting , good projects like hex have made very people lots of revenue and rare projects so key is finding a good project

I agree with you that finding the right investment is the key to a successful earning from investment and this is the major challenge facing investment .

 

[highspeed]

Exactly. For those who had at least over than $ 15,000 available now, even to be able to buy even just one.

 

[Wisdom01]

I think these days bitcoin value is now appreciating than some asset and as more people now investing in it so its a good investment