Just a trivia for everyone, if you invested $10,000 in December 2016, you already have $250,000 in your pockets when you sold all your Bitcoin in its highest price last December 2017? Why? Because Bitcoin experienced an unbelievable surge in price last December 2017 for reaching $20,089 per coin one time compared to just around $800 in December 2016. What more to the whales who can afford to splash hundreds of thousands to millions of dollars? Also, I wonder what are the earnings of the earliest adopters when Bitcoin was just around $1 - $10?
Alternative coins aka “altcoins” rode the trend last year. The two most famous altcoins are Ethereum and Litecoin. Just like Bitcoin, they also experienced sudden surge in price that’s why they also got attention.
Below is the historical snapshot of the top coins based from the Coin Market Cap website, in December 2016 and December 2017. As you can see below after a year, all coins increased significantly their price especially the most famous cryptocurrencies mainly Bitcoin, Ethereum, and Litecoin.
The most famous cryptocurrency Bitcoin was launched in 2009 by Satoshi Nakamoto. No one knows who he is because many believe it’s just a pseudonym. It can pertain to a single person or a group of people who developed Bitcoin. This 2018, Bitcoin is on its 9th year in circulation and we managed to compile some memorable stories regarding Bitcoin, some successful ones and some that are cringe-worthy.
The first major purchase of Bitcoin was from Laszlo Hanyecz. On May 22, 2010, Hanyecz traded 10,000 Bitcoin worth $41 during that time for two boxes of Papa John’s Pizza. It’s considered as one of the most viral and legendary in the world of crypto because if he had just held his Bitcoin, it’s now worth $88 million at current $8,763.85 price. We can consider that his lunch was the most expensive lunch ever recorded.
You may have a chance to see this screenshot of a tweet from Greg Schoen in May 2011 when you’re active in Facebook groups and other forums. He said that he sold his 1,700 Bitcoin for $0.30 each. Although he already gained profit from selling his Bitcoin after purchasing it for just $0.06, he then regretted his action because Bitcoin went to $8.00 during his post. He bought all his 1,700 Bitcoin for just $102 before. He then sold all his Bitcoin for $510. He regretted not selling his Bitcoin for $13,600. If he only held his Bitcoin until now, he already have $15 million at current prices.
The Winklevoss twin brothers were schoolmates of Mark Zuckerberg during his days in Harvard. In 2004, they sued the founder of Facebook, claiming he stole their ConnectU idea to create the popular social networking site and received $65 million after the verdict of the court. In April 2013, the Winklevoss twins bought $11 million worth of Bitcoin priced at $120 a coin. Their Bitcoin grew to be worth more than $1 billion in December 2017 as the price of one coin surpassed $11,000. Talking about perseverance, winning a case, having lots of money invested to Bitcoin, and mix it with a huge amount of luck, they were instant billionaires because of what transpired.
Last for the Bitcoin stories, we shouldn’t forget the best success story, Satoshi Nakamoto himself. Many believe that Satoshi Nakamoto owns around 1 million Bitcoin. Since he is the one who developed and launched Bitcoin, it’s just normal for him to own that amount as a pre-mined coin before launching the blockchain to the public. Again, Satoshi Nakamoto is just a pseudonym so nobody knows if he’s just a single entity or a group of developers hiding their true identity so no one can treat them as Santa Claus during Christmas. As of this writing, 1 million Bitcoin is worth $8.8 billion. That’s a lot of money for an individual or a group while still being unknown to the world.
Since we’re talking about success stories of Bitcoin from its low prices up to now, XYO Network is giving us a very good opportunity with their Initial Coin Offering (ICO) that is set to end on May 20. XYO Network plans to be the first solution for all your location tracking needs. It can be used for emergencies, to prevent car theft, mapping and surveying, law enforcement, keeping watch on your elders, hiking and backpacking, solo travels, hunting and fishing, and even tracking your pets. XYO Network will benefit users, businesses, and institutions because the location tracking will be verified by connected users and gadgets around the world using their proof of origin and proof of location systems that are trustless, reliable, and decentralized because it will be built on top of blockchain technology.
Bitcoin started only around $0.10 per coin in 2009 so in the world of cryptocurrencies, your best bet is to join early especially during ICOs because after the ICO and the crypto launches to the exchange, their price can multiply twice or even up to ten times in months or even just weeks.
The following is the summary of the ICO of XYO Network:
Name: XYO Network
Category: Location Tracking
Token name: XYO
Price: Around $0.006 to $0.007 per token (100,000 XYO until 33,333 XYO per Ethereum when nearing the hard cap)
Maximum Supply: 100 billion
As you can see, XYO Network has 100 billion of maximum token supply but based from the website, their projected XYO supply is 24 billion because all unsold tokens will be burned. The main reason Bitcoin’s price surged last year because the circulating supply is nearing its maximum supply. The maximum supply of Bitcoin is only 21,000,000 and they just passed the 17 million mark. With the finite supply of XYO Network, I’m sure the price of XYO will surely increase in the future.
Let’s compare it to other currently trading cryptocurrencies around the same supply:
Name: Ripple
Category: Payment
Token name: XRP
Price: $0.663568
Circulating Supply: 39,189,968,239
Total Supply: 99,992,233,977
Name: Cardano
Category: Platform
Token name: ADA
Price: $0.238743
Circulating Supply: 25,927,070,538
Total Supply: 31,112,483,74
Name: Stellar
Category: Platform
Token name: XLM
Price: $0.309689
Circulating Supply: 18,576,976,903
Total Supply: 103,946,502,380
We listed three different cryptocurrencies that are currently trading. Ripple is the next most famous payment cryptocurrency next to Bitcoin because last year, it created a buzz because most banks like in Japan wanted to adopt them. I heard that they are now partnering with Mitsubishi in early stages for their payment system. Its total supply is almost the same of the maximum supply of XYO Network but because unsold tokens will be burned, the maximum supply of XYO Network will just be around the circulating supply of Ripple. Cardano and Stellar are both platforms like Ethereum where decentralized applications can be built on top of them. The circulating supply of Cardano is around the projected token supply of XYO Network while the total supply of Stellar is just a little above the maximum token supply of XYO Network.
When you’ll check the Coin Market Cap website, Ripple was just $0.006028 and Stellar was just $0.001711 in May 18, 2016. On the other hand, Cardano was just $0.024970 in October 1, 2017. At current prices, Ripple already yielded 11,000% and Stellar already yielded 18,000% in 2 years. Cardano already yielded 1,000% since it entered Coin Market Cap in October 2017. Since XYO Network claims to be bigger than Bitcoin and Ethereum because location tracking is a real world application, we never know what the price of XYO may be in the future.
For more info about XYO Network and its underlying technology, just visit their website at https://xyo.network/ and start by reading their white paper.
Disclaimer: This is not an investment advice. Invest at your own risk. Invest only the amount you can afford to lose.
-----
Website: https://xyo.network/
Whitepaper: https://xyo.network/whitepaper/
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=3040825.0
Facebook: https://www.facebook.com/xyonetwork
Twitter: https://twitter.com/XYOracleNetwork
Telegram: https://t.me/xyonetwork