Hello my crypto friends.
Thought of sharing some information that may change your life.There may be newbies to crypto reading this post.This one is for you my friends.I like to share one of the best examples of the crypto world that If someone had held on to one of the crypto currency now he might have been filthy rich by now just relaxing.Can you guess the person and the crypto currency.
Some of you might guess.Yes the person is @jerrybanfield
and the crypto currency is the mighty Dash.
I am a big fan of Jerry and through watching one of his steemit videos I found steemit.So here is what he thought of doing on 14 March 2017.He had bought his dash masternode thats 1000 dash coins.He had bought his dash masternode in december 2016 for $11000 which one coin was around $11 per coin.On March 2017 one dash coin was about $70 and Jerry posted a video on steemit that he is thinking of selling his dash masternode.Please watch his video below.
for newbies you can use coinmarketcap to see past prices of all crypto currencies.
He was thinking of selling his dash masternode.So on 16 May 2017 he had sold his dash masternode for $85000 in which one dash coin for $85.He sold his dash masternode thinking the crypto currencies are in a bubble and soon be exploding.But he was wrong the crypto currencies were not in a bubble but it was just the begining.After selling his dash master node Jerry bought steem with $85000 and he thought steem will rise to $10 whch never happened.You can watch his video below.
So time passed and only after five months today on 1 December 2017 I happened to look at the price of dash coin on coinmarketcap.Wow Wow Wow Wow.
Even Jerry might not have even dreamed of it.The price of one dash coin is $789 and is still rising.Jerry sold his dash masternode for $85000 ,one dash coin for $85.If he had held on to his coins for just only just five months he could have sold his dash masternode for $789000.OMG he might have had his retirement fund right now.
So this is his steemit wallet where he has about 100700 steem tokens worth of $100700 as steem price is around one dollar today.He had made tremendous effort and time to earn these steem tokens.
So lets take a calculation.The dash masternode price now is $789000 and jerry has $100700 worth steem now.If he had held on to 1000 dash today he might have $789000-$100700=$688300 more in his portfolio.Thats why you shoud never sell which ever coins you have today.From one year now the cryptocurrency prices will be a one you cannot just imagine.
Lets take this as a lesson to remember and Hoddle your cryptos now.Thanks for reading my blog and hope you will like it.Resteem and also educate others and spread the word of cryptocurrency among your friends and family members.
A big thanks to Jerry Bandfield and all my friends.
follow me @sandunfernando
follow Jerry Banfield @jerrybanfield and learn quality content from him.
image credits:@jerrybanfields steemit blog and youtube channel and coinmarketcap