this post was submitted on 27 Feb 2024
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Technology
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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.
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
@TheImpressiveX Here is your reminder!
Wow, it worked. Thanks, @atasfun@mastodon.gamedev.place!
@TheImpressiveX Ok, I will remind you on Wednesday Feb 28, 2024 at 1:39 PM PST.
@Gigan Ok, I will remind you on Sunday Aug 25, 2024 at 2:18 PM PDT.
@Gigan Here is your reminder!
@remindme@mstdn.social 180 days
@redfox Here is your reminder!
@redfox Ok, I will remind you on Sunday Aug 25, 2024 at 6:18 PM PDT.
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.
If i recall correctly, the stock to flow model predicts that this cycle should peak in late 2025.