crypto investment
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That's why you have to buy every day and never sell. Just throw 1,000 in every day for the rest of your life and it'll be fine.
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Easily fixed with a screenshot of a faked Elon tweet about Eth being so undervalued right now.
Drop that shit on r/wallstreetbets and sell about 30 minutes later.
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I had to check, I never knew Ethereum got that high. It's apparently at 3,600 right now. It passed 4000 twice, hasn't dropped to 1,000 after those but looked like it was at 1800 or something after the crash in 2021.
They had to buy at its absolute peak. Sheesh. Guess if they sell now they only lose like 10%.
4000 is what I sold at. Easiest money I ever made.
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Hold it. Crypto is senseless. It’ll climb again.
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I think she bought the wrong stuff never heard of etherim
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Taco, you say?
Ritzcoin?
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That's why you have to buy every day and never sell. Just throw 1,000 in every day for the rest of your life and it'll be fine.
wrote last edited by [email protected]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.Edit: there are 365 days in a year, not 365,000. My mind went like 1,000 x 365 = 365,000 = a third of a million. Or a million every three years.
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Ritzcoin?
Spending every dime, for a wonderful time!
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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.Edit: there are 365 days in a year, not 365,000. My mind went like 1,000 x 365 = 365,000 = a third of a million. Or a million every three years.
wrote last edited by [email protected]I've reviewed my budget and decided this is do-able. 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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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.Edit: there are 365 days in a year, not 365,000. My mind went like 1,000 x 365 = 365,000 = a third of a million. Or a million every three years.
Jesus, just take the 5% on the million and be happy lol.
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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:
Etherium? Not even back up to that same $4000...
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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I've reviewed my budget and decided this is do-able. 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!
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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Nice hands. Are they made of paper?
wrote last edited by [email protected]lemmy openly talking about crypto
Bearish as fuck. Guess it's all over.
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I had to check, I never knew Ethereum got that high. It's apparently at 3,600 right now. It passed 4000 twice, hasn't dropped to 1,000 after those but looked like it was at 1800 or something after the crash in 2021.
They had to buy at its absolute peak. Sheesh. Guess if they sell now they only lose like 10%.
There's no loss if you don't sell
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Wait three months?
Prob not going past 4k anytime soon though so maybe sell at 3800 and put it into a utility company?
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There's no loss if you don't sell
If you never sell it's a 100% loss since you can never use that money for anything ever.
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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:
Etherium? Not even back up to that same $4000...
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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Wait three months?
Prob not going past 4k anytime soon though so maybe sell at 3800 and put it into a utility company?
Eth doesn't take much power like that anymore if that's what you're thinking. Other crypto does, of course.
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Eth doesn't take much power like that anymore if that's what you're thinking. Other crypto does, of course.
no no, fun through though. More that power companies always go up and to the right. They're the hallmark of safe investment.
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If you can't handle investments being volatile then only invest in bonds, CDs, and savings accounts.
