Cryptocurrency Investing – ROI If You Bought On Mar 13 Sell-Off


Crypto witnessed a major bloodbath on March 13 last month, which saw the values of most crypto-assets plummet to double digit percentage losses. The massive sell-off was caused by COVID19 virus induced financial uncertainty and turmoil, across the world and all asset classes. The fear and anxiety was apparent amongst traders and investors alike, who moved on rapidly to exit their positions and reduce their exposure. The cryptocurrency investing landscape was no different. As the crisis unfolded, future contracts were liquidated setting off cascading effect, further pushing down the prices and total loss of capital for many people. It wasn’t really the best time to invest, if you ask most people. However, as the famed Chinese strategist and philosopher Sun Tzu notes, in the midst of chaos lies opportunity. So if you kept your cool, were unfazed by the crisis and actually invested on March 13 when every single crypto-asset suffered massive losses. Here’s how much you would have made if you invested $1000 in the top five crypto by market capitalization and five randomly selected assets with growth potential on March 13 and held the tokens until April 29 – a brief 1.5 months period.

  • Data Taken From Coinmarketcap, Values Rounded Off

Cryptocurrency Investing – Bitcoin $1000 Investment

If you invested $1000 in the world’s premier crypto asset Bitcoin on March 13, you would have gotten 0.243 BTC, which would have made you a profit of $1117 on April 29.

Bitcoin (BTC) Price on March 13: $4107
Bitcoin (BTC) Price on April 29: $8696
Profit Percentage: 111.75%

Cryptocurrency Investing – Ethereum $1000 Investment

If you invested $1000 in the leading smart contract blockchain Ethereum on March 13, you would have gotten 10.526 ETH, which would have made you a profit of $1274 on April 29.

Ethereum (ETH) Price on March 13: $95
Ethereum (ETH) Price on April 29: $216
Profit Percentage: 127.35%

Cryptocurrency Investing – Ripple $1000 Investment

If you invested $1000 in Ripple on March 13, you would have gotten 8695 XRP, which would have made you a profit of $965 on April 29.

Ripple (XRP) Price on March 13: $0.115
Ripple (XRP) Price on April 29: $0.226
Profit Percentage: 96.51%

Cryptocurrency Investing – Bitcoin Cash $1000 Investment

If you invested $1000 in Bitcoin Cash on March 13, you would have gotten 7.194 BCH, which would have made you a profit of $841 on April 29.

Bitcoin Cash (BCH) Price on March 13: $139
Bitcoin Cash (BCH) Price on April 29: $256
Profit Percentage: 84.17%

Cryptocurrency Investing – Bitcoin SV $1000 Investment

If you invested $1000 in Bitcoin SV on March 13, you would have gotten 11.363 BSV, which would have made you a profit of $1352 on April 29.

Bitcoin SV (BSV) Price On March 13: $88
Bitcoin SV (BSV) Price On April 29: $207
Profit Percentage: 135%

Cryptocurrency Investing – Binance Coin $1000 Investment

If you invested $1000 in Binance Coin on March 13, you would have gotten 143 BNB, which would have made you a profit of $1431 on April 29.

Binance Coin (BNB) Price On March 13: $7
Binance Coin (BNB) Price On April 29: $17
Profit Percentage: 143.1%

Cryptocurrency Investment – Tezos $1000 Investment

If you invested $1000 in Tezos on March 13, you would have gotten 1000 XTZ, which would have made you a profit of $2000 on April 29.

Tezos (XTZ) Price On March 13: $1
Tezos (XTZ) Price On April 29: $3
Profit Percentage: 200%

Cryptocurrency Investment – Chainlink $1000 Investment

If you invested $1000 in Chainlink on March 13, you would have gotten 666 LINK, which would have made you a profit of $1530 on April 29.

Chainlink (LINK) Price on March 13: $1.5
Chainlink (LINK) Price On April 29: $3.8
Profit Percentage: 153%

Cryptocurrency Investment – Dash $1000 Investment

If you invested $1000 in Dash on March 13, you would have gotten 28.5 DASH, which would have made you a profit of $1422 on April 29.

Dash (DASH) Price On March 13: $35
Dash (DASH) Price On April 29: $85
Profit Percentage: 142.25%

Cryptocurrency Investing – Kyber Network Crystals $1000 Investment

If you invested $1000 in Dash on March 13, you would have gotten 3448 KNC, which would have made you a profit of $1275 on April 29.

Kyber Network Crystals (KNC) Price On March 13: $0.29
Kyber Network Crystals (KNC) Price On April 29: $0.66
Profit Percentage: 127.57%

Investment Lesson – Buy When There’s Blood

So, if you invested a reasonable amount of a thousand dollars into any of those (or actually most reputed) cryptocurrencies, you would have easily double or even tripled your invested amount. Also you would have gotten a great entry point for your investments, if you planned to HODL it for a long time. This is called contrarian investment ideology, to do opposite of what others are doing. Actually, the point of maximum financial opportunity comes when the fear and turmoil in the market is at its maximum point. It is often very rewarding financially, when most others are giving in to despair and capitulating.

It is often said that hindsight is 20/20 and its definitely easier to examine and form opinions about things, when they have already happened. However, buy when there’s blood is a valid and time tested investment advice. You can get a fire sale and massive discount on your favorite crypto-assets, if you can keep calm and look at things in perspective, when most people are panicking. After all, a bad market doesn’t mean that a fundamentally good asset has lost value, only its price for now and the market always recovers, even if it takes sometime.

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