Let's do some calculations. Suppose you invested 10,000 yuan at the beginning of last year, what is the situation now?
On the traditional assets side, silver rose from $29.69/oz to ¥23,793, and spot gold increased from $2,612 to ¥17,178, performing quite well. In tech stocks, Google surged from $195 to $309 (equivalent to ¥15,846), Nvidia went from $139 to $183 (equivalent to ¥13,165), and the Nasdaq rose from 19,764 points to 23,428 points (equivalent to ¥11,854). The Shanghai Composite Index also increased from 3,351 to 3,933 points, now at ¥11,763.
But that's not the most heartbreaking part. Looking at digital assets—BTC dropped from $95,186 to $88,000, leaving only ¥9,245; ETH fell from $3,281 to $2,988, now at ¥9,106.
You read that right. Bitcoin, dubbed digital gold, and Ethereum, which was highly anticipated, actually can't even match the returns of the Shanghai Composite Index, which is often mocked in the crypto community. This reality is indeed a bit harsh.
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SeasonedInvestor
· 13h ago
Uh, I have to admit, these data are a bit heartbreaking.
How did BTC and ETH end up being beaten by the Shanghai Composite Index?
If I had known earlier, I would have all-in on NVIDIA, haha.
It really is the fate of crypto newbies.
Wait, how is the silver increase calculated? The data seems a bit strange.
Speaking of which, the brothers who bought in at high prices early last year must be feeling pretty frustrated now.
Rather than saying Bitcoin is digital gold, it's more accurate to say we're digital leeks.
This is the reality, talking too much just brings tears.
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ThesisInvestor
· 13h ago
Oh my god, has the crypto world been blown up again by the Shanghai Stock Exchange? How outrageous is that?
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BlockchainWorker
· 13h ago
Wow, Shanghai Stock Exchange is outperforming the crypto world? This is unbelievable.
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ForkTongue
· 13h ago
Wow, BTC is even worse than the big A-shares? That's really embarrassing.
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RugDocDetective
· 13h ago
Damn, this data is heartbreaking. Is BTC even worse than the Shanghai Composite? How is that possible...
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DefiOldTrickster
· 13h ago
I look at it, and after calculating, BTC and ETH have truly become "digital scrap metal," better to just lie flat in A-shares and earn interest. Why did we bother with on-chain arbitrage and high-yield re-investment back then? Because we looked down on that 8% annualized return, and now... well, I can't say too much.
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MerkleTreeHugger
· 13h ago
Damn, this data is heartbreaking. Have BTC and ETH really become useless?
Let's do some calculations. Suppose you invested 10,000 yuan at the beginning of last year, what is the situation now?
On the traditional assets side, silver rose from $29.69/oz to ¥23,793, and spot gold increased from $2,612 to ¥17,178, performing quite well. In tech stocks, Google surged from $195 to $309 (equivalent to ¥15,846), Nvidia went from $139 to $183 (equivalent to ¥13,165), and the Nasdaq rose from 19,764 points to 23,428 points (equivalent to ¥11,854). The Shanghai Composite Index also increased from 3,351 to 3,933 points, now at ¥11,763.
But that's not the most heartbreaking part. Looking at digital assets—BTC dropped from $95,186 to $88,000, leaving only ¥9,245; ETH fell from $3,281 to $2,988, now at ¥9,106.
You read that right. Bitcoin, dubbed digital gold, and Ethereum, which was highly anticipated, actually can't even match the returns of the Shanghai Composite Index, which is often mocked in the crypto community. This reality is indeed a bit harsh.