• zifnab25 [he/him, any]
    hexagon
    ·
    edit-2
    3 years ago

    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.

    But I doubt that's what this guy did.