The best crypto trades people have ever made
While investing in cryptocurrencies can be risky, there have been some incredible trades that have made people a fortune.
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Cryptocurrencies have exploded in popularity in recent years, with some of the most popular currencies like Bitcoin, Ethereum, and Dogecoin experiencing massive price surges. While investing in cryptocurrencies can be risky, there have been some incredible trades that have made people a fortune. Here are some of the best crypto trades people have taken in history.
1. The pizza trade
In 2010, a man named Laszlo Hanyecz made history by using 10,000 bitcoins to purchase two pizzas. At the time, the bitcoins were worth just a few cents each, but today they would be worth over $550 million. While this trade may not have made Hanyecz an instant millionaire, it did lay the foundation for the crypto industry and showed that cryptocurrencies could be used as a means of payment.
2. The $15 investment
In 2013, a Norwegian man named Kristoffer Koch invested just $15 in bitcoin. At the time, he didn't think much of it and forgot about his investment. Four years later, when he remembered his investment, he was shocked to find that it had grown to over $850,000. Koch's story shows that even small investments in cryptocurrencies can lead to huge returns.
3. The Ethereum trade
In 2017, a man named Kristoffer Hansen invested $5,000 in Ethereum when the currency was trading at just $0.40 per coin. Less than a year later, he sold his coins for over $1 million, making a profit of over 20,000%. Hansen's trade shows that investing in lesser-known cryptocurrencies can lead to huge returns if you get in early.
4. The Dogecoin trade
In early 2021, Dogecoin was trading at just a fraction of a cent per coin. However, in late January, the price of the currency began to skyrocket after a series of tweets from Elon Musk. One man, named Glauber Contessoto, invested his life savings of $250,000 in Dogecoin and was able to turn it into over $2 million in just two months. Contessoto's trade shows that taking a risk on a low-priced currency can pay off if you time it right.
5. The Ripple trade
In 2017, a man named Xiangling bought 40,000 Ripple coins for just $300. Over the next few months, the price of Ripple began to surge, and by the end of the year, Xiangling's investment had grown to over $2.3 million. Xiangling's story shows that investing in lesser-known currencies can be a smart move if you do your research and find a currency with a strong potential for growth.
6. The Bitcoin trade
In 2011, a man named Jered Kenna bought 30,000 bitcoins for just $0.20 each. Over the next few years, the price of bitcoin began to soar, and by 2013, Kenna's investment had grown to over $100 million. While Kenna's trade is certainly one of the most successful in crypto history, it also shows that sometimes the best investments are the ones you make early on and hold onto for the long term.
7. The Litecoin trade
In 2011, a man named Lee bought 500 Litecoin coins for just $30. Over the next few years, the price of Litecoin began to rise, and by the end of 2013, Lee's investment had grown to over $50,000. While this may not be the biggest return on investment on this list, Lee's trade shows that sometimes the best investments are the ones you make when a currency is undervalued.
In conclusion, these are just a few examples of some of the best crypto trades people have taken in.
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