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I was bored and had $100 lying around when BTC was at ~$39k so I dropped it in the machine and have watched the investment go all the way up to $150... Checking
by winternett 4y ago
I was bored and had $100 lying around when BTC was at ~$39k so I dropped it in the machine and have watched the investment go all the way up to $150... Checking my investment today, it's around $50...
It's not that bad for risking tiny amounts of money if you're into losing cash.
If you're into losing vast amounts of money, I highly recommend dumping your life savings into BTC.
So many large companies have their hands in creating the BTC/Crypto cookie jar that it's guaranteed to fail, it's promoted in every setting because it is their drinking money generator. The factor (they didn't account for) that added a ton of volatility was that independent (whale) investors like Elon would jump in and screw up the entire works with tweets and strategic buying and dumps... Meanwhile, it's all the small people who saw the commercials and though it was legit that totally got hosed.
It's literally the rich and corporations robbing the poor, and on top of that in one of the most dire economic points in time ever... It's the pits of humanity I tell you.