Bitcoin went from under like 5k in 2020 to over 100k in 2024. The problem isn’t Bitcoin, it’s people thinking they can easily outperform Bitcoin by buying into shitcoins that are clearly Ponzi schemes and thinking they’ll know when to get out. Ask me how I know.
Meanwhile, a friend wasn’t tempted by the shitcoins, simply bought BTC and ETH and held, now he’s easily 4x’d his money by doing as close to nothing as possible and most importantly, not touching fucking shitcoins.
Bitcoin isn’t a gamble, a gamble is a gamble. Just like you can treat the SP500 as a retirement fund, or the source of your next options in a gamble.
gigachad@sh.itjust.works 2 months ago
You are right, however OP invested only 300 bucks, so you could as well leave it invested just for the fucking gamble
BakerBagel@midwest.social 2 months ago
Jist gonna ignore the part where he said he blew $1500 on shitcoins? He’s down $800 overall
JGrffn@lemmy.world 2 months ago
Bitcoin went from under like 5k in 2020 to over 100k in 2024. The problem isn’t Bitcoin, it’s people thinking they can easily outperform Bitcoin by buying into shitcoins that are clearly Ponzi schemes and thinking they’ll know when to get out. Ask me how I know.
Meanwhile, a friend wasn’t tempted by the shitcoins, simply bought BTC and ETH and held, now he’s easily 4x’d his money by doing as close to nothing as possible and most importantly, not touching fucking shitcoins.
Bitcoin isn’t a gamble, a gamble is a gamble. Just like you can treat the SP500 as a retirement fund, or the source of your next options in a gamble.