If you’ve reached this article, it means you’re one of those thousands and millions across the world who are being inspired or at least affect by the amount of returns people have made doing cryptocurrency trading over time. We’ve heard of crypto tokens doing 10,000% and 30,000% returns and despite its volatility factor, crypto trading has been hundreds of people into billionaires overnight!
Over the last few months, cryptocurrency trading from India has increased manifold which means we’re seeing a lot of new crypto trading exchanges pop-up as well. But today, we’re here to put things into perspective for you. We want to tell you what an investment in crypto as little as Rs.10,000 could’ve fetched you had you kept it for 1, 3, and 5 years respectively. Trust us, you’ll be amazed at the results!
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We talk about results made from the stock market and how people have saved for their children’s college fees through mutual funds and investments in gold. For those playing the long-term game, fixed deposits have been the way to go. However, let’s not forget what massive gains have been seen in the crypto trading market. Today, we’ll explain that based on research done by leading crypto exchange, Zebpay.
Following results as of the prices as recorded on 31st March 2020: Had you held Rs.10,000 worth of Bitcoin, your 1-year return would’ve been ₹17,589. Your 3-year return would’ve been ₹66,987. Your 5-year return would’ve been ₹2,29,824. These are outstanding returns and this isn’t even the best of it as someone who invested the same amount in Ethereum would’ve earned as much as ₹11,93,341!
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That’s as much as 11,833% gains and not many products would’ve allowed such massive gains over such a period. At the same time and period based on Nifty aggregated total returns, you would’ve earned 1.01% in equity returns, 52% in bank FDs based on SBI historic FD rates for that period, and 91% in gold investments based on annual average gold rates. See below:
All in all, what we’re trying to say is that there’s so much to gain from being in the crypto trading market so if you haven’t already dipped your feet here, consider doing so now. The time is right considering recent dips. Fr all updates on crypto news in India and around the world, stay tuned to ReadScoops.com…
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