this post was submitted on 27 Feb 2024
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Bitcoin miners win legal battle to keep mum about energy use [US] (www.theverge.com)
submitted 8 months ago by [email protected] to c/[email protected]
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[โ€“] [email protected] 4 points 8 months ago (1 children)

~~investment~~ gamble

FTFY

[โ€“] [email protected] 4 points 8 months ago

All investments are gambles basically. For example, I chose to do the "safe thing" a few years back to "invest" some of my savings into an index fund (stock market diversification basically). This is commonly expected to yield about 5% return on investment over time, historically.

What actually happened is that my Gamble lost about 40% of its value over the past couple years. I'd have been far better off just putting those savings into a good savings account.