"I calculated how much a coin would be worth from a 1K investment now if it ever reaches back to its all time high." BAD IDEA!

If you buy a coin at 1 cent and sell at 10 cents, you made a 10x gain. This type of move happens quite often in crypto. If you put $1000 in bitcoin now and it goes back to all time high, you made a 3x gain. Both situations are likely to happen, with 19,000 + cryptos next time there is a bull run there will be penny coins that will 50-100x even, and I’m not talking about shit coins. These charts telling you that the past is indicative of future performance is not the whole picture anyway. You are forgetting things like fundamentals, utility and use case, plus external events and development and deployment of new technology like payment rails and mass adoption of web3.

/r/CryptoCurrency Thread