Comment on crypto investment

• huppakee@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

  1,000 x 365,000 = 1,000,000 every three years so as long as crypto market doesnt collapse you will die a multimillionaire. You’ll also live broke, but that’s just something you have to accept.

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  • Kazumara@discuss.tchncs.de ⁨3⁩ ⁨weeks⁩ ago

    1,000 x 365,000 = 1,000,000 every three years or so

    Something is amiss there. Your years seem about a thousand times too long

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    • huppakee@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

      Yes oops

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  • thermal_shock@lemmy.world ⁨3⁩ ⁨weeks⁩ ago

    Jesus, just take the 5% on the million and be happy lol.

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  • LifeInMultipleChoice@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

    I’ve reviewed my budget and decided this is doable. 1,000 rials a day till I die.

    If I live for 40 years more, and it doubles in value, I’ll have $695 when I die!

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    • huppakee@feddit.nl ⁨3⁩ ⁨weeks⁩ ago

      1,000 rials a day

      Somehow i assumed you were talking about dollars or euros. I have heard of this strategy (dollar cost averaging) by buying the same amount on a frequent basis. But i myself would be inclined to spread the risks too though. Best of luck accumulating that $695 though!

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      • LifeInMultipleChoice@lemmy.dbzer0.com ⁨3⁩ ⁨weeks⁩ ago

        Oh no I was talking about U.S. dollars, then I had to fix it to fit my budget of rice and beans haha

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