2017 was quite big for Cryptocurrency. The biggest breakthrough so far. The market definitely reached some new heights.
The most popular CryptoCurrency currently is Bitcoin and If you would have invested in 2017 1. January $42 618.96 U.S Dollars and taken everything out in 2017 December 31. You would have earned your first million. That’s x23 times your investment. Was Bitcoin the most profitable CryptoCurrency you could have invested in 2017?
The best CryptoCurrency in 2017
From Investment perspective speaking, Bitcoin wasn’t the best investment, there were a lot better ones. Let’s take a look.
Turns out you only needed $135.71 U.S Dollars to earn your first million in 2017.
Source – Coinmarketcap
That’s insane, right?
Not really. Those are just facts. Numbers don’t lie. If you would have invested $1933.7 you would also have earned a million but from investment perspective…Verge was a goldmine.
Here’s another fun fact – Ethereum once was worth $0.49 US Dollars. At the beginning of 2018 Ethereum reached $1389 that’s x2800 of the investment. These are just a couple of examples. There are probably less well-known coins with bigger growth.
Speculating with cryptocurrency leads to such extreme fluctuations in price that it could be compared to a gambling in a casino.
Some early adopters of the bitcoin, who bought the cryptocurrency about five years ago for about $20 or even less, have become millionaires. But those who ventured a gamble in 2017, the year of crypto-hype, had to take on much more risk.
Top 5 cryptocurrencies in 2017
Will this kind of growth happen in 2018? Probably not. It will probably never happen again. To be honest you never know… I’m not advising you to do so, but if you ever plan to invest in any CryptoCurrency you should always do your own research. No matter if it’s Verge, NEO or Ripple. There’s a lot of FUD going on and a lot of people are trying to manipulate the market because it’s more beneficial if the price goes down for them. That’s why the only thing I’m advising is to do your own research. The market is very fragile, so don’t invest more than you can afford to lose.
Leave a comment below if you were lucky enough to withdraw your crypto in early 2018.
Let’s keep in mind that all the data is displayed in the chart is gathered from 1.January 2017 till 31. December 2017. In early 2018 most of the Cryptocurrencies came crashing down and are still crashing. So you had to be extremely lucky to Invest in the right time and withdraw at the right time. Turning all your gains into Fiat.
I’ve to mention that this is not a Financial Advice. I take no responsibility for your actions.
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