I started investing small amounts in Bitcoin last September, right now my $175 is worth $2379

By John Miller

Monday the 11th of December, 2017

 

To be clear about this, the gross total I put in was $1,175.

I started out at $125 a fortnight for the first two months, but then I upped this to $200 a fortnight for the next month, and by the fourth month everything was going so well that I thought – why not $275?

Ordinarily I don’t pay much mind to it, only checking every fortnight on the exchange to make sure my money is growing, but it seems these days Bitcoin is in the news a lot.

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Including the news that matters, and thanks to an anon on 4chan whose thread was telling everyone to invest because of le massive spike, I decided to check out my investment.

At a quick glance it was obvious I could take out a grand and still have my remaining $175 be worth a staggering $2300 plus. So I decided to go for it.

Bingo bango – suddenly I had $1000 in my Exchange cash account and $2300 in Bitcoin. But how to get the $1000 to my bank account? You know, where it will be real money?

When I want to buy some Bitcoin I just use Bpay to get money into my Exchange cash account. All well and good for this Friday, when I’ll be putting another $275 into my Bitcoin savings plan. But of little use to me last Thursday night.

As it turns out, I needed to set up a linked banked account, and that took all of Friday for the Exchange to handle my request. I didn’t really mind, because I’m just going to save the money anyway in a boring low-return savings account, but it did have me checking the Bitcoin exchange a few times.

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I watched with interest as my remaining bit of coin went up a couple of hundred dollars in value to over 2500, at one stage.

By about eight o’clock on Friday night the Exchange had linked my bank account, and I sent my money off. So for the entire weekend the $1000 vanished. It takes one WORKING day to get from one place to the other, you see.

Over the course of the weekend, Bitcoin went off a little, and I peeked, against my better judgement. Good gravy, my $175 was only worth a little over $2100.

And finally, tonight my $1000 landed in my bank account. So I can say with a straight face that my $175 (net) investment since last September has grown to $2379 as of a few seconds ago. Wild fluctuations, mang.

I’m going to keep saving small amounts into Bitcoin, and I would recommend the same to anyone. It’s a great way for anyone who enjoys a bit of risk to make a great return.

But God only knows when this gravy train will derail, or if it will just keep defying logic and hurtling up towards infinity. My strategy it to only put in money that I saved in my budget by tightening my belt, and cashing out on the spikes while letting the magic pudding grow.

Feel free to steal it. So far my returns in Bitcoin have been ASTRONOMICAL ha ha

Also, disregard Fake News. They literally know FA about Bitcoin, and only exist to spout bullshit and distort reality. Salty Nocoiners, fkn LOL.

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Full disclosure: John Miller’s IRL name is Frank Faulkner. I’m an Aussie and when I’m not obsessing about Conservative politics or defending Trump I also enjoy various sports and Christian activities.

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