• Empricorn@feddit.nl
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      6 months ago

      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…

      • ikt@aussie.zone
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        6 months ago

        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 🫠

      • rumba@lemmy.zip
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        6 months ago

        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.

      • brucethemoose@lemmy.world
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        6 months ago

        Crypto is super volatile, like perpetual RNG volatile, which is a little more out-of-the-way in the stock market.