They had to buy at its absolute peak.
That’s when all the Superbowl ads were saying to invest.
Comment on crypto investment
LifeInMultipleChoice@lemmy.dbzer0.com 2 months ago
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%.
UnderpantsWeevil@lemmy.world 2 months ago
KoalaUnknown@lemmy.world 2 months ago
4000 is what I sold at. Easiest money I ever made.
ZoteTheMighty@lemmy.zip 2 months ago
Yeah, this meme is ancient. Hope the mom never sold.
Zaphod@discuss.tchncs.de 2 months ago
There’s no loss if you don’t sell
Pyr_Pressure@lemmy.ca 2 months ago
If you never sell it’s a 100% loss since you can never use that money for anything ever.
JackbyDev@programming.dev 2 months ago
Yeah, it’s funny that people say no loss until you sell. I get the joke but they’re ignoring that under that definition the purchase was a loss lol.
match@pawb.social 2 months ago
if they were the type to buy at 4000 they probably already sold at <2000
LifeInMultipleChoice@lemmy.dbzer0.com 2 months ago
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.
huppakee@feddit.nl 2 months 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.
Kazumara@discuss.tchncs.de 2 months ago
Something is amiss there. Your years seem about a thousand times too long
thermal_shock@lemmy.world 2 months ago
Jesus, just take the 5% on the million and be happy lol.
LifeInMultipleChoice@lemmy.dbzer0.com 2 months 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!