Cryptocurrencies are like magic for a few and there are magical experiences in the world of cryptocurrencies. A mere investment of $10 can make someone a millionaire while an investment of $100,000 can also make a person pauper. No set of shoes fits all in the cryptocurrency markets and each investor has a different tale to tell. Tales are aplenty in the Shiba Inu community where early investors have made life-changing gains.
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One such investor turned a simple $2,000 into approximately $1 billion during Shiba Inu’s early days. The money could have lasted not only a lifetime, but many generations to come. Not everybody gets an opportunity to make this much money and this investor was given a chance to become a billionaire on a platter.
Shiba Inu: $2,000 Investment Turns To $1 Billion
A Shiba Inu investor purchased $2,000 worth of SHIB tokens in 2020. He got to accumulate 25 trillion SHIB tokens for only $2,000 during Q3 of the same year. SHIB was trading with nine ‘zeroes’ during that time but unfortunately began declining in price after his purchase.
The dog-themed token dramatically slipped in price and began trading with 10 ‘zeroes’ in December 2020. The price dip made the investor panic and rethink his investments in Shiba Inu.
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As SHIB’s price failed to rise, the investor sold all his SHIB holdings for a loss and jumped SHIB. To be precise, he sold and took out $1,627 fearing his investment could fall further.
Little did he know that if he had held Shiba Inu for another 12 months instead of panic selling, his $2,000 investment could have ballooned to $1 billion.
SHIB skyrocketed in price a month after he sold his tokens as it jumped 67,000,000% (67 million percent). The investor took to YouTube explaining his ordeal of misery saying that he missed earning $1 billion due to panic selling.
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“I just got a message from a couple of mates and they told me that Shiba Inu has gone up 67 million percent since January. At that time I put $2,000 into it and I left it for a couple of weeks. It went down and I sold it for a loss.”
He added, “It turns out that would now be worth $1 billion if I hadn’t sold it.” The investor ended the video in a crying tone saying, “Now how to live with that?”