{"id":51324,"date":"2021-12-31T09:55:41","date_gmt":"2021-12-31T01:55:41","guid":{"rendered":"https:\/\/www.imoney.my\/articles\/?p=51324"},"modified":"2021-12-31T17:37:06","modified_gmt":"2021-12-31T09:37:06","slug":"result-5-years-crypto-investments","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/result-5-years-crypto-investments","title":{"rendered":"If You Invested In Crypto 5 Years Ago, Are You Rich Now?"},"content":{"rendered":"

It has been a record-breaking year for Bitcoin with all-time highs, crossing USD$68,525 on November 9 followed by a recent plunge.<\/p>\n

My first ever investment in crypto was in September 2016. That\u2019s five years ago now, and a >100x gain. (If only I\u2019d invested more! I was scared back then, so I started with just a bit of money.)<\/p>\n

I\u2019m happy, but this isn\u2019t a victory parade. In fact, in the crypto world I\u2019m a boomer with mediocre gains. No kidding \u2014 if you tell a hardcore crypto bro I\u2019ve been in crypto since 2016 and still haven\u2019t reached financial freedom, he might say I\u2019m \u201cngmi.\u201d<\/p>\n

Maybe that\u2019s the story of my life. Taking reasonable risks to get some nice wins, but nothing that\u2019s gonna show up in the news. My lifestyle\u2019s stayed the same \u2014 you\u2019re never gonna see me flexing with a lambo. I was always a fan of getting rich slowly, but somehow crypto found its way into my life and is just speeding it up a little.<\/p>\n

Now if you\u2019ll let this boomer reminisce a bit, here are 10 lessons I\u2019ve learned from crypto investing over the last half-decade.<\/p>\n

<\/span>1. Bitcoin is alive and well<\/span><\/h2>\n

Bitcoin Obituaries tracks that Bitcoin has been declared \u201cdead\u201d by notable people 432 times now.<\/p>\n

The oldest death was in 2010, when Bitcoin was USD 0.23. China has also famously \u201cbanned Bitcoin\u201d six times now. The newest obituary was by JPMorgan CEO Jamie Dimon on 12th October 2021, when Bitcoin was USD 57,485.<\/p>\n

At what price will sceptics admit they\u2019re wrong? USD 75K? USD 150K? People have been calling Bitcoin a tulip bubble<\/a> for a decade now.<\/p>\n

Of course, it\u2019s not all about the price. Look beyond the hype and here\u2019s what\u2019s been happening over the past couple of months:<\/p>\n