Quote:
Originally Posted by opendoor
The funny thing is, you'd be way ahead if you'd pivoted to more "boring" investments a few years ago. If you have 11 Bitcoin, that's worth $580K CAD today. If you had sold that on the big run up 3 years ago at ~$70K CAD and simply bought an S&P 500 ETF, you'd have about $1.1M CAD right now.
Hell, even someone who sold for ~$20K 6 years ago in the 2017/18 peak and put that money into the NASDAQ would be in exactly the same spot today in CAD.
|
I thought about this for a bit. Since you knew for sure in 2021 what the S&P would do, how much did you invest? There is zero chance you didn't, because you knew. You'd be a complete fool not to. Also how did you know BTC at ~$70K CAD was the peak?
And you're assuming the $580K magically exists.