For example, if you invested in KuCoins when it was first launched in 2017, your returns could be in the hundreds or thousands, because the initial value of the asset was $0.732429.
Even though the asset has been highly volatile, those who have held it long-term have reaped incredible gains.
If you bought Kucoin a little bit earlier and held the asset through the ups and downs, you’d still see remarkable returns from your initial investment.
Thousands In Gains
Say you got into the game when a KuCoin was 73 cents, around November 2017. If you invested $100, you’d have been able to buy about 136 Kucoins.
Those 130 KuCoins would’ve been worth more than $1530, not accounting for compounding and assuming you bought and held the asset the entire time.
To be sure, that’s a long time to hold a highly volatile asset, meaning that the group of people who both invested in KuCoins that early and have largely held onto their investments is small.
Kucoins 1 Year Chart
And, though there are many stories of extreme gains from those invested in cryptocurrency, there are also many who have lost just as much money by buying and selling the choppy asset at the wrong time.