Yes, I had a friend who tried to persuade me that Bitcoin was a good investment about 5 years ago... and I actually had some money then that I could have invested... but, I didn't... and now it is worth THOUSANDS of dollars.
I have never wished more for a time machine...
Yeah at $10 could have made 400x your money. $1000 at that point would net you over $400,000! Millionaires gallore have been made
I know what you mean about the time machine!
haha, I told my friends 2-3 years ago, but they didn't buy it. Now they go pale when I tell them the price of bitcoin!
Well you're onto it now its not too late; glad you're on steemit too! steem could be the train that takes crypto mainstream (one of them) via just writing and sharing
All these coins are still intheir infancy so if you buy $10 of bitcoin today you will still - over 3 to 5 years - see a much bigger return than from any bank. Sure not inthe 'instant millionaire' league but still decent money for just HODLing!
That wouldn't be the case with BTC. It's too old and too clunky. It has $8 transaction fees which are more than 100 times higher while being even 100 times or even slower. Basically BTC is a 10,000 times less efficient coin. It simply doesn't have a future.
Longer term I'd agree - over your arbitrary 'less than $5 billion dollar market cap by end of 2020' timeline though, no, not IMO likely
3 years is long time in crypto. It's a high growth high volatility market. Crypto is pure tech and innovation. Just look at the Moore's law. Just look at how much technology can change and advance in 3 years. Blockchain space is getting into the mainstream which will become a catalyst for everything. Just look at BTC from 3 years ago and now. Look at how far things have come. I can say the same about Dash, Maidsafe and a whole lot of coins including ETH which weren't even a thing 3 years ago.
3 years is a long long time.