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Bitcoin was in the thousands for most of 2017, that as a booster to a tech heavy portfolio would have done extremely well.
by blonder 1y ago
Bitcoin was in the thousands for most of 2017, that as a booster to a tech heavy portfolio would have done extremely well.
- Esophagus4 1y agoThat’s true… BTC returned 100% per year since 2017 (thanks to ChatGPT for the math). But I would presume a regular Joe didn’t YOLO $100k into that, either. I guess my original point was: there is no realistic way a retail investor walked away from a $100k investment a multimillionaire after 8 years unless they took an enormous, absurd punt.
- darth_avocado 1y agoIf you invested $100K in Microsoft (one of the safest and most valuable and boring company in the world at the time) in 2017 and held, you’d not be a multimillionaire, but you’d be a millionaire. People really underestimate how crazy the asset bubble has been over the last decade.
- andirk 1y agoUSD 100k is an absurd amount for most people to invest all at once in anything whatsoever, not to mention the risk level involved. USD 10k is a lot but more reasonable. And that nets way less than USD 100k in this situation, which isn't life changing.