I think I speak for all of us when I pass say, “if only I knew about Bitcoin back in 2010!” Or, “If only I knew about Ether back in 2015!” We all want to find that one magic coin that will turn our simple dollars into tens of thousands, or hundreds of thousands, or…dare I say, millions. There is no question that crypto’s are gaining Steem :). But the question is which coin and when to sell? Not to mention the question is if you buy enough of the supply out right will it go anywhere? Let’s take a no so distant example from the past. Chaincoin. PS- sorry for the low res.
So back on Nov. 1 2016, Chain coin was 1/100 of a penny, with a max supply of 23,000,000. But it wasn’t going to stay at that price forever. On June 7th 2016 an announcement was made that a Master node was going to be installed. At that time, Chaincoin was much higher, at 11 cents.
Had you decided to sell at that point, and invested only $1 USD back on November, you would have turned your humble dollar into $1100. But as we know now, it didn’t stop there. A little more than a month later, Chaincoin did what every crypto enthusiast dreams of. It went to the moon. Peeking out at $6.82 cents on July 14th.
Now for that ever so fun math. Taking the same $1 USD which got you 10,000 Chaincoin, is now worth $68,200. Not bad for a 9 month investment right? Granted it has come back down to 1.15 at the time of writing this, but that $1 USD would still be $11,500, still not a bad return if you missed the peek. But do not discourage, as this coin is likely far from over. And remember that correction in the markets where Bitcoin was below $2,000 a while ago? Well this was a safe haven, and even gain while others seems to crash before our very eyes. Did I invest? I wish…but regardless, this is the kind of hope well run on. So let’s from you guys, what coins do you hope could go to the moon? And who knows, maybe we can get a favorite coin to go to the moon just by community popularity! My personal favorite right now is bytecoin as it is accessible, can be mined with a simple PC and has come out with some updates recently with more soon. Dogecoin is fun too :) But who knows, maybe mooncoin? Or something entirely new.