according to the graph on https://finance.yahoo.com/quote/DOGE-USD/ you'd have to be really really really bad at cryptocurrency to have lost a significant portion. You'd have to have bought at the peakiest of peaks (May 7th, 2021) and sell at the troughiest of troughs (Jun 21, 2021), and in that case you'd have lost around ~50%.
It follows that somebody who just borked their life savings on Investment 101 parables like this would also blow their savings on a digital beany baby then act confused when their SO is mad.
according to the graph on https://finance.yahoo.com/quote/DOGE-USD/ you’d have to be really really really bad at cryptocurrency to have lost a significant portion.
With the degree of volatility in the crypto market, it is comically easy to buy high and sell low. Also very easy to stick your money in an Mt.Gox equivalent, only to find you've been cleaned out during a dip.
Yes, if you invested in it under a buy-and-hold strategy via a reputable exchange as of a year or more ago, you'd be doing well.
according to the graph on https://finance.yahoo.com/quote/DOGE-USD/ you'd have to be really really really bad at cryptocurrency to have lost a significant portion. You'd have to have bought at the peakiest of peaks (May 7th, 2021) and sell at the troughiest of troughs (Jun 21, 2021), and in that case you'd have lost around ~50%.
It follows that somebody who just borked their life savings on Investment 101 parables like this would also blow their savings on a digital beany baby then act confused when their SO is mad.
With the degree of volatility in the crypto market, it is comically easy to buy high and sell low. Also very easy to stick your money in an Mt.Gox equivalent, only to find you've been cleaned out during a dip.
Yes, if you invested in it under a buy-and-hold strategy via a reputable exchange as of a year or more ago, you'd be doing well.
But I doubt that's what this guy did.
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