I once hopped cryptocurrency was going to end capitalism, democratize the financial system and help redistributing wealth.
Instead it became yet another stock to gamble on.
I bought €10 bucks of dogecoin all the way back in 2013. Thats the only time i ever did annything remotely close to ”investing”
I still have them and while i initially dreamed of using them to buy a gaming pc, i am a working adult now and the novelty of the coin is worth more then that. Regardless no tech store accepts doge as currency.
I never cared about any other crypto, if the point is to sell them for classical money then what is the point of it.
The price has remained a stable price of 1 Doge = 1 Doge regardless of Elon trying to wreck the system so i remain very happy with my purchase.
All investments are gambles basically. For example, I chose to do the “safe thing” a few years back to “invest” some of my savings into an index fund (stock market diversification basically). This is commonly expected to yield about 5% return on investment over time, historically.
What actually happened is that my Gamble lost about 40% of its value over the past couple years. I’d have been far better off just putting those savings into a good savings account.
Wow, a volatile currency backed by nothing has large swings in value and if you pick the right date range you can tell any story you want? That’s pretty amazing.
Bitcoin is currently at $57,000 and it’s up 144% in the last year. Haters gonna hate
Make sure you keep your money in bitcoin so when it crashes we can all laugh at you. Again.
Sure, no problem, have been doing that since 2013.
Right now I’m up over 400% on my bitcoin, it’s by far my best performing investment. Come back to this comment in 6 months and see where it’s at.
I once hopped cryptocurrency was going to end capitalism, democratize the financial system and help redistributing wealth. Instead it became yet another stock to gamble on.
Yeah, and it’s easy to tell who are the bitter people who took a known gamble and lost. Gotta blame someone/something.
In case your referring to me, full disclosure.
I bought €10 bucks of dogecoin all the way back in 2013. Thats the only time i ever did annything remotely close to ”investing”
I still have them and while i initially dreamed of using them to buy a gaming pc, i am a working adult now and the novelty of the coin is worth more then that. Regardless no tech store accepts doge as currency.
I never cared about any other crypto, if the point is to sell them for classical money then what is the point of it.
The price has remained a stable price of 1 Doge = 1 Doge regardless of Elon trying to wreck the system so i remain very happy with my purchase.
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Oh I will.
popcorn.gif
I was a couple months off, but I wanted to let you know that bitcoin hit a new all time high.
Haha, I also came back to check on the popcorn guy.
How’s that popcorn tasting?
@remindme@mstdn.social 545 days
You were right. It is fun to eat popcorn while watching your investment increase in value by an additional 50% in a 9 month period of time. 🍿🤓
Gonna try this out
@remindme@mstdn.social 180 days
There’s a RemindMe bot on Lemmy?! Now I’ve gotta try this out.
@remindme@mstdn.social 24 hours
@remindme@mstdn.social 180 days
If i recall correctly, the stock to flow model predicts that this cycle should peak in late 2025.
FTFY
All investments are gambles basically. For example, I chose to do the “safe thing” a few years back to “invest” some of my savings into an index fund (stock market diversification basically). This is commonly expected to yield about 5% return on investment over time, historically.
What actually happened is that my Gamble lost about 40% of its value over the past couple years. I’d have been far better off just putting those savings into a good savings account.
Wow, a volatile currency backed by nothing has large swings in value and if you pick the right date range you can tell any story you want? That’s pretty amazing.
Spoken like a true moron with zero insight.
Ransoms gotta get paid
Surely this time it won’t crash and burn right?
Yeah, it always crashes. So what, then I’m only up 10000%, not 20000%.
Haha, you guys really live in an alternative universe, don’t you?
Not sure which point you’re trying to make.
The point I am trying to make is fully explained on this website:
https://www.web3isgoinggreat.com/
Yeah, you don’t even understand that Bitcoin isn’t web3.
You’re right