4 years ago, the first cryptocurrency cost 60 thousand rubles. Having bought then 1 BTC, now the investor could fix a profit of more than 1 million rubles. And this was not the only opportunity to increase capital.
On November 6, Bitcoin set a new annual maximum at around $ 15,800. At the same time, the price of the cryptocurrency updated its historical maximum against the ruble, reaching 1.22 million rubles. This is 3.3% more expensive than in December 2017, when BTC quotes rose to $ 20,000. At the then dollar exchange rate of 58.8 rubles, the coin was worth almost 1.18 million rubles. Since then, the Russian currency has fallen in price against the American one to 77.4 rubles. per dollar, in connection with this, bitcoin in rubles has risen in price.
The editorial staff of topplabs.org calculated how much one could earn by buying one BTC at different points in its history and selling it on November 6, at the price peak of 2020.
At the beginning of 2017, the price of bitcoin was approaching the $ 1000 mark. Having bought then bitcoin and sold it on November 6, 2020, it was possible to earn $ 14,800. The capital gain in 4 years would have amounted to 1480%.
It was possible to increase capital even more by investing rubles in bitcoin. In January 2017, the dollar was worth 60.5 rubles. One bitcoin could then be bought for 60.5 thousand rubles. By selling the coin on November 6 for 1.22 million rubles, one could earn a profit of 1,159,500 rubles. In this case, the capital in rubles would have grown by 1815% in less than 4 years.
In 2017, Bitcoin has shown multiple growth. From January to December, the coin has risen in price 20 times, setting a historical maximum value of $ 20,000 on December 17th. By then buying 1 BTC and selling it on November 6, the investor would have recorded a loss of $ 4200. In this case, the initial contribution would decrease by 21%.
On the other hand, users who invested rubles in 2017 got the opportunity not only to sell assets at breakeven on November 6, but also to fix a small profit. Having bought 1 coin three years ago at the maximum rate, one could sell it now with a profit of 40 thousand rubles. The growth in ruble capital over this period would have amounted to 3.3%.
After hitting a record price at the end of 2017, Bitcoin began to fall in price. The coin was in a downtrend for over a year and fell to a low of $ 3200 on December 15, 2018. Having bought then 1 BTC, on November 6, it could have been realized with a profit of $ 12,600. The capital gain in 2 years could have amounted to almost 400%.
Since then, the ruble has weakened significantly. At the end of December 2017, the dollar was worth 62.5 rubles, and bitcoin – 200 thousand rubles. Having bought one coin 2 years ago and sold it on November 6, it was possible to fix a profit of 1.02 million rubles, thus increasing the ruble capital by 510%.
At the beginning of 2019, bitcoin entered a growth phase and at the end of June set an annual maximum of $ 14,000. Then the coin rate began to decline and by January 1, 2020 fell to $ 7,200. Having bought then 1 BTC, it was possible to earn $ 8600 by November 6. The capital gain in this case would be 120%.
At the beginning of this year, the dollar exchange rate was 61.9 rubles. Bitcoin at this price of the American currency was worth 445 thousand rubles. Users who purchased one coin on January 1 could sell it in November with a profit of 775 thousand rubles. The addition to the ruble capital in 10 months could reach 175%.
The 2020 crisis affected the financial markets, including the cryptocurrency one. On March 13, the price of bitcoin fell to $ 3800 amid falling stock indices. Having bought one BTC then, one could earn $ 12,000 by selling it at the maximum price in November. Capital gain in 7 months – 315%.
In March, the dollar rose significantly against the ruble – up to 73.9 rubles. At that time, bitcoin in Russian currency was worth 280 thousand rubles. From one coin purchased on March 13, you can earn 940 thousand rubles by November. In this case, the capital would have grown by 335%.