A thousand dollars seems like a small amount. Many people have a similar “on the side” and often wonder what to do with it. Some keep the money, in anticipation of the so-called black hour, while others think about investment. The returns on such an amount can be rather small. Although, it turns out that it could be quite the opposite.
Small savings turned into millions
More than one person dreams of getting significantly rich, and in the shortest possible time. The high volatility of the cryptocurrency market is a magnet in this regard. It is easy to be greedy. However, it is not easy to endure the difficulties that accompany the bumpy road in achieving the goal. Early investors of Shiba Inu are a perfect example of this phenomenon. Buying SHIB while the coin was recording its beginnings was probably one of the best decisions of their lives. Investing a mere $1,000 at the time, today one can enjoy increases reaching the astronomical sum of 19 million. All this despite the fact that SHIB is currently trading nearly 88% below its All Time High.
The dramatic history of investing in SHIB
Today, looking back at SHIB’s early investors, everyone sees them as big winners. However, it’s worth remembering that they were initially described as big losers. After all, the rise in value of the Shiba Inu coin was not a sustainable movement. Huge holes were credited right at the beginning of the race. This is best illustrated by the numbers.
Let’s go back in time to August 1, 2020. Let’s assume that on that very day we make a SHIB purchase of $1,000. From then until the end of September, our portfolio experiences a real capitulation, causing it to final at just $1.96. This reflects the drop in the price of SHIB that took place from a level of $0.00000000051 to $0.000000000001. To make matters worse, this level was maintained until the end of the year. Certainly, many investors completely gave up here. However, those who survived the turbulence were rewarded generously.
The golden era of SHIB
The year 2021 changed everything. Shiba Inu suddenly became the leader of growth, turning more than one portfolio upside down. Already in January, an investment of $1,000, turned into a value exceeding $19,000. This was just the beginning, as each subsequent month brought further increases causing these portfolios to reach a return of $55.5 million in October 2021.
Despite the huge declines, today the returns on SHIB still remain huge. An investment of $1,000, yields a return of $19 million. This thus shows that it is worthwhile to be persistent, and that the hardships and suffering that accompany even the most severe declines can be rewarded.