How much cryptocurrency can 1000 people buy?

3 answers

• Dec 30, 2021 · 3 years ago
  Well, it depends on the price of the cryptocurrency they want to buy. If they are interested in a cryptocurrency that is worth $100 per coin, then with a budget of $1000 each, they could collectively buy 10 coins. However, if the price of the cryptocurrency is $10 per coin, then they could collectively buy 100 coins. So, the amount of cryptocurrency 1000 people can buy depends on the price per coin.
  402201
• Dec 30, 2021 · 3 years ago
  If 1000 people were to pool their money together to invest in cryptocurrency, they could potentially buy a significant amount. The total amount they can buy would depend on the price of the cryptocurrency they choose to invest in. If the price is low, they could buy more units of the cryptocurrency, but if the price is high, they would be able to buy fewer units. It's important to consider the price and the market conditions before making any investment decisions.
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• Dec 30, 2021 · 3 years ago
  According to BYDFi, a popular cryptocurrency exchange, if 1000 people were to invest in cryptocurrency, the amount they could collectively buy would vary depending on the specific cryptocurrency and its current price. For example, if they were interested in Bitcoin, with a budget of $1000 each, they could collectively buy 0.05 Bitcoin at the current price of $20,000 per Bitcoin. However, if they were interested in a lower-priced cryptocurrency like Ethereum, they could potentially buy more units with the same budget. It's important to research and consider the price and potential growth of different cryptocurrencies before making any investment decisions.
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