I did something similar to your friend this year, got a nice little bonus from work (thanks to Trumpās tax cut apparently) that I used to buy Freetrade shares last month
Editing to state the obvious here: Fingers crossed itāll pay off like your friendās apple shares did!
Here here. Iota coin excited me. It went from $0.8 to $4 pretty much overnight (slight over exaggeration). Anywayā¦ I heard something big was coming - āit was the new bitcoinā. Jokes on meā¦ itās currently at $0.9
Safe to say iāve lost all interest in crypto - canāt do it to myself!
I think this is the central problem with cryptos at the moment. Each cryptoasset is underpinned by a distributed app that is there to do a job or solve a problem. But the distributed apps havenāt proven themselves, or if they have they havenāt in a way that makes it obvious how you could start to put a fair value on them or their cryptoasset.
Eg Bitcoin certainly has some success, but it seems to me that its job is āuncensorable payments/moneyā or something like that, and thatās a use which doesnāt seem to be growing particularly (please correct me if Iām wrong!) That job also got muddied a bit last year as investors bid the price up and everyone stopped using btc to buy pizzas.
Eg Ethereumās job is āyou can make your own distributed appsā, but again itās a bit unclear what value those distributed apps have yet.
So buying cryptos ends up feeling and looking more like speculating or betting than investing at the moment. Of course, this could well all change in time, and massively. Just feels like theyāre not there yet.
So I reported Sound Energy Plc as one of my worse investmentsā¦ well fingers crossed but looks like it might turn into a great investment! Their last drill showed gas and they have had a substantial recovery from a pitifully low sp.