In his latest interview, Clem Chambers, a technology entrepreneur and the first CEO of Pioneer blockchain technology in the UK, said he first encountered cryptocurrency in 2014 in the books such as “The First Horseman” and “The Armageddon Trade.” He said that he dived into it because the technology was looking impressive, and he also wanted to buy some of the Bitcoin. The journey took him to an anonymous Silk Road website that was providing hidden services. The sellers and buyers there used to make deals anonymously. He said that he had never been through any kind of buying or selling from any anonymous or dark website before. He was feeling amazed to see that he could buy guns, drugs, and cash at the same time. He thought that, why would he need to buy cash? And spontaneously, he realized the availability of the Bitcoins, the cash he was looking for.
As time passed, Bitcoin started to be an interesting asset. After 2016, the price of one BTC started to rise above $1,000. Most people thought of it as a bubble that was going to burst in some time. Still, Chambers realized something and decided to buy the leading cryptocurrency. He sold his BTC when the price went above $18,000. He said that he wasn’t a poor man, and he was never less poor after that.
Bitcoin will go Up
Talking about the rise of Bitcoin, he said if you are investing in Bitcoin and thinking it’s going to touch the sky, well, the chance of it to touch a million is approximately half percent in the next four years. If you don’t understand the statistics of investment, you are going to lose. You are still going to suffer, even in a market like crypto, which showers wealth on you, if you are technically not in a good position.
The best way to deal with these digital assets is to sell a part of them when the prices are going higher. However, it’s a game of long-term survival and strategy. No matter where the price will go, but it is going to come down for sure.