20/11/2023
You can't be rich with cryptocurrency?
One of the reoccurring things you'll see from crypto enthusiasts, service providers, and holders is that it ain't too late to get started with crypto especially , and that's true, but just how true is it?
If you're into crypto, how much will someone make if they put $5K into Bitcoin today in say 3 years?
Let's break it down to $5000 = 0.13 BTC right now, which is an impossible amount for an average African to start with.
But If you invest $5,000 into Bitcoin today at the current price of $37,191 and the price of Bitcoin reaches $100,000 in 3 years, here's a simple calculation to estimate your potential profit:
Investment Amount: $5,000
Bitcoin Price Increase: $100,000 - $37,191 = $62,809
Potential Profit = Investment Amount x Bitcoin Price Increase
Potential Profit = $5,000 x $62,809 = $314,045 π
Therefore, if Bitcoin reaches $100,000 in 3 years, your potential profit from a $5,000 investment could be approximately $314,045. However, please remember that this is a hypothetical calculation and the actual outcome may vary based on market conditions and other factors.
Someone check if my math is correct abeg πππ
But there are other ways to get rich with other than Bitcoin. These are called and some of them are responsible for most of the crypto multimillionaires you see and hear about.
Here are 5 ways to earn crypto, even Bitcoin without buying it with your money
β Join crypto airdrops and faucets
β Complete online tasks
β Crypto mining
β Offer services and get paid in crypto
β Launch your cryptocurrency π
What do you think, what was your first cryptocurrency, or which cryptocurrency would you want to own first?