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Reading: Bitcoin and Kings Day: What If You Had Accepted Bitcoin 5 Years Ago
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Bitcoin and Kings Day: What If You Had Accepted Bitcoin 5 Years Ago
Cryptodetective > Blog > News > Bitcoin and Kings Day: What If You Had Accepted Bitcoin 5 Years Ago
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Bitcoin and Kings Day: What If You Had Accepted Bitcoin 5 Years Ago

crypto
Last updated: 2023/05/04 at 6:43 AM
crypto Published May 4, 2023
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**What if You Had Invested Your Vrijmarkt Earnings in Bitcoin Seven Years Ago?**

If you had converted your Vrijmarkt earnings into Bitcoin (BTC) seven years ago, or even better, if you had accepted Bitcoin payments at the time, you would have made a fortune by now. Let’s speculate a bit on this topic and see what would have happened if you had taken these actions.

**Van Winst Op De Vrijmarkt Naar Bitcoin Fortuin**

Back in 2014, cryptocurrencies and Bitcoin were not as popular as they are today. However, just imagine for a moment that you had accepted Bitcoin payments for the items you sold on your Vrijmarkt stall. Assume you made €100 in Euro at the time. Not bad for a day at the market, right?

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During that time in 2014, Bitcoin was experiencing a considerable price hike, and as of 27th April 2014 (King’s Day), the value of Bitcoin stood at €405 per BTC. By investing that €100 in Bitcoin, you would have gotten 0.25 BTC in your wallet. A small amount it may have been at the time, but it is a different story today.

**The Current Value of Your Investment**

If you had saved that 0.25 BTC in a hardware wallet and refrained from selling it despite the rising prices over the years, you would be a rich person today. As of writing this article, 0.25 BTC is worth €6.500, which is an incredible return on investment. If you had sold it during the peak of Bitcoin’s recent bull run, you would have pocketed almost €15.000.

If you believe in a Bitcoin maximalist’s prediction that Bitcoin will be worth €1 million in ten years, then by holding onto your 0.25 BTC, you might be able to use it to buy a nice house in some part of the world.

In retrospect, you should have invested in Bitcoin seven years ago, but there is no need to regret it as you can still start today. Bitvavo, for instance, is currently giving away €10 to every new customer, making it easy and risk-free to try your hand at investing in cryptocurrencies. So instead of selling your possessions at the Vrijmarkt, visit Bitvavo and sign up for an account. Who knows? You might earn far more than €100 or €10, or even more than you thought was possible before.

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**Conclusion**

Seven years ago when Bitcoin was still struggling to make headways, making transactions in Bitcoin on a Vrijmarkt would have sounded like a pipe dream. However, if we had made this choice, we would have had an investment that continues to appreciate stunningly. Nonetheless, it is never too late to start investing, and today is an excellent time to start since the cryptocurrency market is growing and constantly changing. Whether you choose to gamble on a new coin or stick to Bitcoin, the world of cryptocurrency offers endless opportunities for a savvy investor.

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