Consider the journey of a single bitcoin: In early 2013, one bitcoin was valued around $13. By December 2017, it reached an all-time high of over $19,000. As of late 2023, its value has stabilized but still stands at around $20,000. This example highlights the dramatic changes and potential returns one can see with Bitcoin investments over different periods.
Understanding the value of 13 bitcoins involves recognizing not just their current worth but also the historical context and future potential. Whether you're looking to invest or simply interested in the financial markets, Bitcoin remains a fascinating and complex asset class.
How can I start investing in Bitcoin?
To start investing in Bitcoin, begin by choosing a reputable cryptocurrency exchange or wallet service. Familiarize yourself with basic trading platforms and security measures before making any purchases. Always keep your investments secure and consider consulting financial advisors if needed.
Account $10,000, risk 1% → $100 risk per trade. Entry $50, stop $48 → $2 risk/share → 50 shares. Target $54 (2R). If stopped, −$100; if target hits, +$200 (before costs).
Use an amount you can afford to lose while learning a repeatable process.
Decide a fixed risk % per trade, then divide by the price distance to your stop.
Match your timeframe: DAIly/weekly for swing; weekly/monthly for long-term.
Thesis, entry/exit, risk (R), emotions, result, next improvement.