JealousOnesEn_V
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Notice how these guys never show their portfolios
Why would someone do that? Lol
Notice how these guys never show their portfolios
I feel you.His salary was converted to Bitcoin. At the time his 750,000 was around 12 Bitcoin.
12 Bitcoin today is around $1.1 million.
He's up but had he just bought 750k of Bitcoin two months later he would've had 21 Bitcoin instead of 12.
He's still up on his investment though and who knows how high Bitcoin will go. He may have already owned some Bitcoin before the Rams contract and could have bought more on his own when the price went down. We don't know what's in his portfolio.
Coli brehs, in all seriousness, should i dedicate one paycheck to investing in bitcoiin?
Had to wait almost 3 yrs to brag
notedWait until it drops again. Crypto always does good during election season and then dips for 3 years. Mid December is when you start seeing it go down and by January people are crying because they're broke.
True.Money isn't made overnight.
It WILL drop again.Wait until it drops again. Crypto always does good during election season and then dips for 3 years. Mid December is when you start seeing it go down and by January people are crying because they're broke.
It WILL drop again.
However, every drop has been to the previous high point of the currency. So about 60,000 again.
And next run up will be to around 150,000.
There's been a pattern over the years.
With patience as a foundation, OBJ decision was shrewd.
I feel you.
Now, had he put $750,000 in a mutual fund or in the SPY ETF, he'd have gained about 9% per year. After three years, that would be around $998,000.
So, the real question is, was the volatility and risk associated with crypto worth it when he could have slept much easier placing his money in SPY.
Not trying to troll, I'm legit interested in this topic. Had the election gone a different way and BITCOIN not react the way it did, he'd have been looking at his investment much different.
Thoughts?