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If you held it for a "couple" years then you should still be ahead, definitely not a >60% loss: https://bitcoincharts.com/charts/krakenUSD#rg730ztgSza1gSMAzm1g

• usrusr 8y ago
  Maybe dog years, or some unusual form of £ that has appreciated a lot relative to popular currencies (conventional and crypto) in the meantime? Or 60£ in an active investment between cryptos, occasionally taking on a little loss+fees? I was originally planning to end this post with "or just making up some numbers", but since GP was writing of a joke investment, active gambling seems to be a reasonable assumption. And putting in 50£ in a toy account (and never extending it with fresh money), leaving with 18 after years, that also doesn't seem like an unreasonable thing to do. That's lower stakes than meeting for an amicable 2£ per player poker night once a month. If the stated goal of a joke investment is a dividend in entertainment, then passive is a terrible investment strategy.
  • thinkmassive 8y ago
    I suppose the ironic thing is a passive investment should be worth triple what it was 2 years ago. The bubble was quick, and I suspect “a joke investment a couple years ago” is a way to rationalize the loss from FOMOing in at the top about 15 months ago.
• toyg 8y ago
  I honestly can’t remember the exact time (at my age, one year more or less makes little difference) - it was when Revolut added support for crypto currencies. I exchanged £50 to btc to see whether it actually worked and if it made any sense. Not touched it since. I cashed out last week after it came out that Revolut is a scumbag company exploiting their workers.