Comment on crypto investment

Eyekaytee@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

• Empricorn@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

  This isn’t the argument you think it is. A boring, S&P 500 index fund investment was also about $4000 at the time. Now it’s $6359:

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  Etherium? Not even back up to that same $4000…

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  • Eyekaytee@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

    brah i had ethereum when it was $100, i could have $500,000 right now but i sold because i thought a fkin pandemic would cause a recession and stocks to drop 🫠

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    • zewm@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

      Nice hands. Are they made of paper?

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      • Eyekaytee@aussie.zone ⁨3⁩ ⁨weeks⁩ ago

        😀 😭

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      • Vanilla_PuddinFudge@infosec.pub ⁨3⁩ ⁨weeks⁩ ago

        lemmy openly talking about cryoto

        bearish as fuck

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  • rumba@lemmy.zip ⁨3⁩ ⁨weeks⁩ ago

    think it is. A boring, S&P 500 index fund investment was also about $4000 at the time

    The problem with that index fund is it’s slowly going up and to the right, more or less.

    That Etherium is going from < 1500 to > 3800 every 4-6 months.

    Hands off, long term investing funds are good where it’s at if we don’t crash the economy, but there is some cash to be made in crypto if you have spare change lying around.

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  • brucethemoose@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Crypto is super volatile, like perpetual RNG volatile, which is a little more out-of-the-way in the stock market.

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• WiseWater@piefed.world ⁨3⁩ ⁨weeks⁩ ago

  So they really did fix it for their mom! That's a nice kid!

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