Regretting not Investing in Bitcoin: How Small Purchases Can Lead to Big Losses
‘Bitcoin or Shit’ Index: The Cost of Missed Bitcoin Opportunities
Have you ever found yourself regretting purchases you made in the past? It’s not uncommon for many people to experience this feeling. Surprisingly, even with seemingly “unnecessary expenses,” you might be missing out on more than you realize. In fact, neglecting potential investments like Bitcoin could leave you less financially secure than you initially thought.
Bitcoinorshit.com, a humorous website, keeps track of how much money you would have had if you had invested in Bitcoin (BTC) instead of buying the latest gadgets. As you land on the website, the page boldly states, “If you bought bitcoin instead of fuckin stupid shit, you’d have $$$$.”
Missed Opportunities in Gaming: The Nintendo Wii U Example
On November 18, 2012, Nintendo released the Wii U console. Unfortunately, the sales of this gaming device paled in comparison to Nintendo’s other consoles. The console was priced at around 260 euros at launch. If, on the day of its release, you had invested that money in Bitcoin, you would have owned approximately 24 BTC. With the Bitcoin price sitting at just 11 euros at that time, those 24 BTC would have been worth around 735,000 euros today.
Not much of a gamer? Not to worry. You may be someone who frequently upgrades their phone. If you had wanted the latest iPhone when it was introduced on September 20, 2013, you would have purchased the iPhone 5. The 32 GB model at that time cost around 759 euros. With that amount, you could have bought a whopping 84 bitcoin on September 14, 2012. If you had patiently held onto those bitcoins, they would now be worth a staggering 2.26 million euros.
A Twist on Bitcoin Pizza Day
We recently celebrated “Bitcoin Pizza Day” on May 22, which marks the anniversary of a programmer offering 10,000 BTC for two pizzas. At the time, those bitcoins were only worth about $41, but today they would be valued at nearly $299 million or 269 million euros. Ouch.
As with all our articles, we do not provide financial advice, so take this information with a grain of salt. However, it does highlight the fact that being mindful of your spending habits and refraining from purchasing items you might not even want could lead to significant financial gains, even with small amounts of money. That is, of course, if your investments go well.
Tags: Bitcoin, Investing, Planning