• Gigan@lemmy.world
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    8 months ago

    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.

    • webghost0101@sopuli.xyz
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      8 months ago

      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.

      • prole@sh.itjust.works
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        8 months ago

        Yeah, and it’s easy to tell who are the bitter people who took a known gamble and lost. Gotta blame someone/something.

        • webghost0101@sopuli.xyz
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          8 months ago

          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.

    • blandfordforever@lemm.ee
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      8 months ago

      If i recall correctly, the stock to flow model predicts that this cycle should peak in late 2025.

      • RaoulDook@lemmy.world
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        8 months ago

        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.