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Considering Cryptocurrency as an Investment? – Think Again

May 11, 2022

There is a lot of buzz today over cryptocurrency. Many people think it is a fast way to make easy money. The volatility of cryptocurrency should make you think twice. Sure, you can come away with a little extra coin if you buy low and sell high. Several of our colleagues got in the cryptocurrency game early on and their digital wallets are busting at the seams. Not everyone is as fortunate. To help you make a decision, Gizmodo has a post to let you know how much money you would have if you invested just $100 six months ago. Bitcoin hit an all-time high of $68,990 six months ago, but what is it worth today?

• If you bought $100 of bitcoin six months ago, you have $50.65 of bitcoin right now.
• If you bought $100 of ethereum six months ago, you have $51.74 of ethereum right now.
• If you bought $100 of BNB six months ago, you have $53.73 of BNB right now.
• If you bought $100 of XRP (Ripple) six months ago, you have $43.13 of XRP right now.
• If you bought $100 of Solana six months ago, you have $30.46 of Solana right now.
• If you bought $100 of Cardano six months ago, you have $33.82 of Cardano right now.
• If you bought $100 of Terra Luna six months ago, you have $119.49 of Terra Luna right now.
• If you bought $100 of Dogecoin six months ago, you have $40.82 of Dogecoin right now.

Not a very good story for most investors. The only cryptocurrency that made money over the last six months is Terra Luna. Every other cryptocurrency is worth around half or less. Today, Luna is worth $7.34, which is a heck of a lot less than 50%. Ouch. As the post states, “Even gamblers know you’re never going to beat the house. But that’s not going to stop people from trying.” Do you feel lucky?

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