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Lemmy Shitpost @lemmy.world

SSUPII @sopuli.xyz

2d ago

crypto investment

74 comments

Don't worry, I have TACO on quick dial and he'll fix the crypto
- In 50 days there's a deal on the table
  
  Concepts of a deal
- Taco, you say?
  
  Ritzcoin?

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%.
- if they were the type to buy at 4000 they probably already sold at <2000
  
  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.
- They had to buy at its absolute peak.
  That's when all the Superbowl ads were saying to invest.
- 4000 is what I sold at. Easiest money I ever made.
- Yeah, this meme is ancient. Hope the mom never sold.
- 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.

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.

lmao this one so old
https://www.coingecko.com/en/coins/ethereum
ethereum already been back to 4k like 3 times
- 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...
  
  brah i had ethereum when it was $100, i could have $500,000 right now but i sold because i thought a fkin pandemic would cause a recession and stocks to drop 🫠
  
  Crypto is super volatile, like perpetual RNG volatile, which is a little more out-of-the-way in the stock market.
  
  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.
- So they really did fix it for their mom! That's a nice kid!

Crypto gambling, ftfy :)

Currently worth $3,642.07, but yes 4k was a stupid buy.
- If it were 10k it would have been a genius buy though!
  
  No, it wouldn't. 2k would have been. Buying at the all time peak is ALWAY a stupid buy, idc if it does take off after.
  Like playing the slot machines hoping for a jackpot.

Hold it. Crypto is senseless. It’ll climb again.

"This is why we don't love you." removed, you better not need end of life care from me; you will find out about my lack of love for you.

I think she bought the wrong stuff never heard of etherim
- It's actually the more practical of the crypto currencies from my perspective. It's setup to enable things like smart contracts and exchanges and was a big driver of web 3.0.
  Not that I'm a big proponent of web 3.0, it at least tried to be a currency unlike every other crypto currency.
  
  LMAO

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.
  
  no no, fun through though. More that power companies always go up and to the right. They're the hallmark of safe investment.

Welcome to holding the bag. Never listen to family.
- this is the whole reason why I don't give financial advice to people, and when they press me for it I tell them
  your money is your money, I'm telling you this because you need to be responsible for your own finances. all investments are bad and you will lose money. it's up to you to identify if this information is helpful or not to you. what works for me may not work for you. there is never a "sure thing* and don't risk more than you can afford to lose.
- ~ Howard Graham Buffett

Mom buy AMC ,you have no idea what's about to happen 🦍🚀

Terrible mother

If you can't handle investments being volatile then only invest in bonds, CDs, and savings accounts.

Aaah classic. Forgot to prefix it with:"this is not financial advice"

Should've gone with Yieldmax ETFs.
- Broke: Searching stocks by the size of their five year annualized dividend weighted by their EBITDA
  Woke: Buying the stock with the highest dividend last quarter
  Bespoke: Putting my entire retirement account into the index fund called YieldsBiggerThanMyDick
  
  Gigachad move: taking out a home equity line of credit and dumping it all into ULTY and MSTY.

Ok I’ll buy it back from you

74 comments