Not uncommon to come across posts telling you, just how rich you would be if, you had bought Bitcoin 10 years ago. While the statements might sound interesting, they are quite useless in guiding your current investment plans. In this report, we talk about a parameter that should be, your guiding star to evaluate various cryptocurrencies.
Coming to the key factor that, allows any investment to yield profits – ROI (Return On Investment). The information will be crucial for most investors so, give it a close look. We will talk about things closer to our time, not history! The information could help, you review various cryptocurrencies.
Presume that you had invested $5,000 in these 3 cryptocurrencies around 01 Jan 2021. The approximate prices of each of these cryptos at that time, is mentioned in parenthesis. Bitcoin ($30,000) and ETH ($750).
Now if you had to evaluate, how much that $5,000 investment, would yield (around 26th Oct 2021), check the information below. Prices are closely approximated to actuals. The amounts mentioned below, include the initial $5,000 investment.
Bitcoin - $10,000
ETH - $26,000+
Now since you invested an equal amount ($5,000) in each of these cryptocurrencies, it would easy to determine the money that you make.
It is a fact that going solely by ROI (Return On Investment), to review a cryptocurrency would not be wise. Other factors like project (if any) depth, trading duration, price stability, etc ... should also feature in the review. Crypto media has grown rapidly in recent years, no secret that much of the content delivered is paid for. So do follow crypto media reports by all means but, make sure that you do not blindly rely on these reports.
The bottom line is that, the price of a cryptocurrency need not always, translate into high profits. The profit that you make by investing in cryptos, would relate to the ROI and not the price of the crypto.
Attraction of SOCTF (aka Stock of Ceres Trust Fund) Electronic Stocks
SOCTF is considered by experts to be a jewel in the financial industry in 2021, because it is not only supported by the Ceres Global group with more than 50 years in the jewelry and gem business, but it is also supported by Blockchain believers.
It can be said that this move of the Ceres Trust Fund is a very bold step, and also a step that promises to bring extremely positive results to the financial market in early 2021.
To be exact, with this strategic move, the Ceres Investment Trust is giving investors an opportunity to bring diamond value.
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