The number of people who think and say that Bitcoin, which broke a new record by seeing 50 thousand dollars today, is the "future of money", has increased.
On the other hand, the rapid increase in energy spent in one year to generate digital money with special computers and processors is not good for the environment.
In addition, Bitcoin has made many people money, and many have suffered great losses due to the fluctuations in value.
So while investing in this field, it is possible to rise and to hit the bottom ...
'I took a vacation in Iceland with my Bitcoin earnings'
-James Saye, Technology consultant
'I first invested in Bitcoin in 2017. I started out with around ? 500, shying away from investing too much.
At a time when he was rising, I made ? 2,500 and had a nice vacation in Iceland with it. Iceland is a beautiful but expensive country. Bitcoin earnings have helped me a lot.
I bought it once again in 2018 when it was low in value and I still have it, but I also do not regret cashing my earnings on time.'said
'Part of my retirement plan'
-Heather Delaney, founder of Gallium Ventures PR agency
'I'm considered a "quiet" crypto-investor. I started with 5 pounds and gradually increased my investment in a controlled manner. I saw this as a long term strategy. This is why the sudden ups and downs don't worry me much.
Considering the money I invested in Bitcoin and my current earnings, I can say that my money has appreciated by 585.41 percent.
I've never withdrawn this money. However, during the ups and downs of the market, I have converted to other currencies.
I know other people are doing exciting things with these investments, but it's part of my retirement plan for me. 'said
'He couldn't get even a penny back'
-David Stubley, founder of 7 Elements cybersecurity firm
We had a client whose Bitcoin account was taken over by scammers and all money was withdrawn. He was planning to use this money for the deposit of his house.
Receiving the warning that suspicious transactions were made on his account, this person decided to check his account. He clicked on the posted link, but that link was owned by scammers. With this application, which is an exact copy of the truth, its password was seized.
There were 84 bitcoins, the fraudsters transferred 83 of them to their accounts. The value of the money he lost at the time of this incident in 2017 was 475 thousand dollars.
When the money was traced using blockchain technology, it turned out that the stolen money went through many other accounts, eventually reaching a $ 15 million account.
The fraudsters could not be identified, but these accounts were frozen and at least access to the stolen money could be blocked.
The stolen money could be worth $ 2.8 million today.
'I bought Bentley with what I earned'
-Javed Khan, Independent investor
'My Bitcoin adventure didn't start with the purpose of investment. Originally this was a means of transferring money. I did not want to wait for the approval of the banks and I chose an easier way.
In 2018, I realized that while transferring money, I could leave some Bitcoin in my account and watch its value rise. Seeing him gain value surprised me too.
In January 2020, I cashed my earnings in Bitcoin and bought myself a Bentley car in Dubai, where I live. While I was in the gallery, I shot a video and sent it to my mom. My mother was proud and cried while watching this.
I only invest as much money in Bitcoin as I can afford to lose. My biggest loss is in transaction fees.
I think the best time to buy Bitcoin is when no one talks about it. Wait for it to deflate. ' said
'I was left with the puffy electricity bills'
-Rohan Muscat, Project manager and electrical engineer
'I met Bitcoin in 2010, but because I am a hardware enthusiast, I wanted to mine it. I bought a pair of video cards for this in late 2016 and things went well.
A start-up firm I consulted gave me some Horizon State (a type of cryptocurrency) as payment. In 2017, these and my investments totaled 40,000 Australian dollars.
I have taken steps to grow mining a little more. At first it was paying for itself, but later I went into a big decline. My electricity bill was about 500-600 Australian dollars a month because mining causes a serious electricity consumption.
Eventually I sold my mining equipment and I hold about 2,000 Australian dollars in cryptocurrency.
I could have done more if I followed the work harder, but the stress and risks of this ruined me. So I chose not to take risks. ' said
'Bitcoin helped me buy a house'
-Daniel Crocker, Craftsman
'I was doing an internship at a technology company in 2012. Usually at lunch we would talk about how to get rich. At a time when no one had heard of Bitcoin, we worked on it for a few weeks and invested in Bitcoin.
This joint venture didn't last long, but fortunately I held my share.
Last summer I sold them and paid half of my home deposit with them. I still hold some in my hand, but I'll be patient. This is not an investment that I want to tie my future to.
I know people who do even more, but I feel lucky that much. ' said
And that was all thanks for reading
