Bitcoin Forum

Let's start with $100:

https://i.imgur.com/UXvORc9.jpg

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Now on May 15, 2012 the price of Bitcoin was $5. This was one of the last days the the Bitcoin price was at this level:

https://i.imgur.com/YPFQiNy.png

Our $100 is now 20 Bitcoin.

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On June 17, 2013 MegaCoin opened on Cryptsy for 0.00001250 MEC/BTC. Our 20 Bitcoin would then be 1600000 MEC.

Then on November 25, 2013 the highest selling price of MEC was 0.00238000

This 1600000 MEC converted back to BTC would then bring us to: 3808 BTC

https://www.cryptsy.com/markets/view/45

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Now if that 3808 BTC was sold on BitStamp on December 4, 2013 at a price of $1100 USD/BTC that would leave us with:

$4,188,800

Now let's visualize that same $100 from the beginning, again as $4M:

https://i.imgur.com/zRcZEtx.jpg

https://i.imgur.com/zRcZEtx.jpg

https://i.imgur.com/zRcZEtx.jpg

https://i.imgur.com/zRcZEtx.jpg

It's crazy what the crypto world is capable of  :o

Or you can buy a lottery ticket and totally convert $5 into $4mil too.

At least you're aware of how unrealistic this is. I wonder if anyone can improve upon your math and figure out a way for "potential profit if you made perfect trades" to be even higher.

if you mined in 2009 or 2010 then you wouldn't even have to spend a dollar

Good post OP. Eye opening stuff.

I wonder if anyone took a similar route and made some substantial dough?

Hindsight 20/20 as i doubt anyone had the foresight or good fortune to do this. Interesting nonetheless.

but... was there enough volume to convert 1600000 MEC to 3808 BTC? ;)

Good point, theoretically it would be impossible to sell so many MEC without a huge spike in the value.
Therefore the best possible crypto investment is... impossible :)

You can't predict if it was possible to do this investment in history because buying those coins would have affected the market. If someone bought 1600000 MEC at the beginning the market would have been much bigger (more publicity) and MEC would have been changed forever from that point on, the the selling price might have been even higher.

Good point! The chances of finding some obscure coin at the right time when it is being pumped and selling it at the right time too, are almost a good as winning a lottery. The btc itself was certainly a good investment for those who kept it from 2010 until 2013.

what are you trying to say with this,,i dont get it. This is an illussion nowadays

If you trusted BTC and trusted MEC you could make a 40,000% ROI.

Crypto currencies volatility is really sick. I wonder if there are any volatility products to bet on, like the SP500's VIX.

The point is, everything can happen any time with another road of altcoin. But mankind have created time, so nobody knows, where the price will move. I think the best way is to invest at coins when there's still value of low amount of satoshis and hold them for a good period of time.

hehe yeah my first thoughts. Maybe you could have sold 3808 BTC worth of litecoin for a decent rate having bought in cheap.  Crypto is wild.