Sometimes it is best to look back to get a perspective of things. Regarding crypto, “what if” scenarios are pretty common, but they are usually full of regrets. That’s because they make many people realize how much gains they missed by not investing earlier.
Perhaps one of the most popular regrets from crypto “What if” is the guy who dismissed Bitcoin as a worthless investment in 2011. He tweeted how lucky he was to have stayed off the Bitcoin mess after it collapsed to a low of $2. Years later, someone jokingly asked if the guy was still alive, and he replied that he was still alive but dead inside.
That said, “What Ifs” are still a powerful way to help contextualize the market and find potential opportunities for future Investment. Below are four well-known cryptocurrencies and how they performed over the last 3 years.
The Four Cryptocurrencies:
Three years ago, Bitcoin was already an established cryptocurrency and was gaining in adoption. Pricewise, Bitcoin was deep in a bear market, though. After the market peak of 2017 that saw Bitcoin test a high of $20k, by the end of 2018, it had crashed to lows of $3100.
However, in February 2019, which is three ago, Bitcoin had started to make a recovery. In specifics, Bitcoin was trading at $4100 in February 2019, up from a low of $3100 a few months earlier.
Essentially, if you could go back in time and invest $1000 in Bitcoin back in 2019, you would have got yourself 0.24 BTC. At today’s prices of $38,000, your current Bitcoin value would be $9,268.29. Your Investment would have given you a net profit of $8,268.29 today.
That’s an incredible return on investment, one that is unmatched by most stocks or commodity investments in the same period.
Read Our Bitcoin (BTC) Price Predictions here.
Ethereum was founded in 2015 and has come a long way. Ethereum was trading at under a dollar back then, yet as of its most recent all-time highs in 2021, Ethereum was trading at $4800. That an increase in value of over 95,000%.
Ethereum’s massive explosion in value can be linked to its smart contracts. While Bitcoin brought out the capabilities of blockchain in decentralizing money, Ethereum showed that blockchain technology could be used to decentralize virtually anything through smart contracts.
Over the last 3 years, Ethereum’s smart contracts have found a particularly strong use case in DeFi, and NFTs. Despite its strengths, Ethereum is volatile, pretty much like all other cryptocurrencies. Back in 2017, Ethereum was trading at $1500, but like the rest of the market, crashed all through 2018 testing lows of $90 by the end of the year.
However, by early 2019, Ethereum was starting to bounce back. Three years ago, Ethereum was making a comeback and was bouncing off its 2018 lows to trade at $108.
This means if you had invested $1000 in Ethereum at the time, you would have received 9.25 Ethereum. At current prices of, this Investment would be worth $25000. Essentially, you would have made a profit of 2400%.
That’s an impressive return, one that is unmatched by stocks or commodities in the same time frame. It shows how powerful cryptocurrencies are in turning even tiny amounts of money into significant wealth.
Read Our Ethereum (ETH) Price Predictions here.
Shiba Inu had not been created three years ago. However, if you had known about it just a year later, you would easily be among the top creme of society in wealth. Shiba Inu came into the picture in August 2020 and was meant to ride the meme-coin fever that was gripping the crypto market at the time. It went on to rally by over 48,000,000% by late 2021.
For context on what this means, if you had invested $2 in Shiba Inu in 2020, you would have made a million dollars by 2021. Extrapolating on the same means that, if you had invested $1000 in Shiba Inu in 2020, you would be worth over $500 million today.
There are very few people globally who are worth such an amount, which means you would now be among the wealthiest people in the world from an investment of just $1000.
Read Our Shiba Inu (SHIB) Price Predictions here.
Solana is one of the world’s largest cryptocurrencies by market cap. It has also emerged as one of the biggest platform blockchains in the market, with a large and growing ecosystem of DeFi and NFTs.
Interestingly, Solana did not exist three years ago and only became a thing in 2020. However, if you had invested $1000 in Solana when it launched in 2020 when it was trading at $0.78, you would have received 1,282 SOL. At today’s price, this Investment would be worth $115,205.128. That’s an increase of over 41,000%.
Read Our Solana Price Predictions here.
Finding Buying Opportunities In The present
Clearly, if you can go back in time, you could easily have made millions from the crypto market. Unfortunately, time travel technology has not been invented yet. Rather than focus on the past, it is more pragmatic to start scouting for similar investment opportunities today. If you can identify the next Bitcoin, Ethereum, Shiba Inu, or Solana today, you could be smiling all the way to the bank in the next 3 to 5 years.
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eToro – The Best Platform To Buy Cryptocurrencies
Virtual currencies are highly volatile. Your capital is at risk.