NEWS AFFAIRS 7 : WHERE EVERY STORY HAS IT'S AFFAIR!
A person bought a digital currency called Dogecoin a long time ago when it was very cheap. They bought a bunch of it for about $146.87, and over time, they bought more, spending about $5,000 in total.
Between the years 2015 and 2023, the price of Dogecoin went up a lot, especially in 2021 when famous people talked about it. At one point, the $5,000 they spent on Dogecoin was worth over $4 million! But they didn’t sell it then.
In 2022 and 2023, the price of Dogecoin dropped a lot because most digital currencies were not doing well. Then, in October 2023, when Dogecoin started to go up again, the person sold all their Dogecoin for about $370,000.
But right after they sold it, the price of Dogecoin went up even more. If they had waited until now, they could have made an extra $450,000. If they had sold it at the highest price in 2024, they could have made almost $1.25 million!
Table:
| Year | Activity | Amount Spent | Amount Earned | Potential Profit Missed |
|---|---|---|---|---|
| Late 2013 | Started buying Dogecoin | $146.87 | 274,000 DOGE | |
| 2014 | Continued buying Dogecoin | ~$5,000 | – | |
| Early 2015 | Last purchase of Dogecoin | $195.61 | – | |
| 2021 | Dogecoin price peak | – | $4 million | |
| Oct 2023 | Sold all Dogecoin | – | $370,000 | |
| 2024 | Potential profit if held | – | – | $450,000 |
| 2024 | Potential profit at peak sale | – | – | $1.25 million |
This table shows the different actions taken by the person over the years, how much they spent, how much they earned, and the potential profits they missed out on by selling too early.
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