I have to admit: The first time, I heard this story, I couldn't believe it was true. Even though there is a lot of controversy in India about crypto currencies, in July 2017, the Indian Altcoin Rupee got introduced to investors.
In the first couple of months, it did nothing at all, with an average price of around 0,4 USD and fluctuations in price of +/- 10%, it wasn't even an interesting coin.
Nevertheless, on September 26th, its big day had come - 2800% in one day! People turned millionaires. Everyone who didn't sell that day nevertheless very soon lost again hundreds of thousands of dollars.
While most crypto currencies only really peak once or twice over around 1-2 years, the Rupee coin peaked 3 TIMES in only a matter of 5 months. If you would have bought and sold at the right times and if you would have invested only 1000 USD in the beginning, you might be a multi billionaire today (3x a gain of 2000%+).
Will it peak again soon? Who knows?! At least, I am invested!
Best,
Leon Chaudhari
HELP ME REACH 1000 FOLLOWERS
Follow me on Steemit: https://steemit.com/@leonchaudhari
Facebook: https://www.facebook.com/leonchaudhari
Twitter: https://twitter.com/LeonChaudhari
GET MY VIDEO COURSES HERE: https://www.myteachinghero.com/
Good Story ! Let's see whether the rupee interspersed in the long term
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks! I invested 200 USD - let's see how it does :)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
saludos amigo tienes mi voto espero contar con el suyo, gracias. https://steemit.com/deportes/@davidjose28/de-rappel-con-mis-amigos
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Nice info!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thats quite a piece of info Leon.. but its good to mention that the Reserve Bank of India has banned banks in India from allowing consumers to Buy Cryptocurrency due to high risk of speculation and possibilities of money laundering since january .
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit