Did you tell your family to invest in Bitcoin, Dogecoin, and Ethereum on Thanksgiving last year? Here’s How Much They Have Right Now (And Why You Might Eat Alone) – Bitcoin (BTC/USD)

For many Americans across the country, meals will be eaten with families on Thursday to celebrate Thanksgiving. One topic of conversation may be intimidating by some family members.

what happened: Thanksgiving holiday traditions for many include watching parades, eating a delicious meal, watching football games, and hanging out with family. Topics of conversation at the dinner table can include school, work, politics, and what many are probably dreading: the topic of cryptocurrency.

Cryptocurrency markets were surging in November 2021 with bitcoin Bitcoin / US Dollar And the Ethereum ETH/USD All-time high price hit and Dogecoin DOGE/USD It’s still up significantly since the start of the year after falling from all-time highs in May.

Family members discussing cryptocurrencies were either supporting further action or wondering if investments in cryptocurrencies are risky.

Family members who have tried to talk their relatives into buying cryptocurrencies may be hesitant to show up on Thanksgiving Day given the recent crash in the prices of the leading cryptocurrency.

Celsius and FTX cryptocurrency platform bankruptcy It is among the biggest stories for the sector in 2022 and has many wondering if the cryptocurrency market is here to stay or could go away.

Related link: Turkey Trade: How has the market performed historically around Thanksgiving?

Invest $1,000 in BTC, ETH, and DOGE: If a relative is convinced and decides to invest in cryptocurrency for the first time on Thanksgiving Day 2021, it will be in for a huge drop.

Here’s a look at how investments have performed over the past year or so, as I invested $1,000 each in Bitcoin, Dogecoin, and Ethereum.

A $1,000 investment in Bitcoin on Thanksgiving 2021 would have bought 0.0168 BTC. The investment would be worth $276.74 today based on a price of $16,472.43 at the time of writing. Investment is expected to drop by 72.3% since last year’s holiday.

A $1,000 investment in Dogecoin on Thanksgiving Day 2021 would have bought 4,370.63 DOGE. The investment would be worth $354.02 today based on a price of $0.0810 at the time of writing. Investment is expected to drop by 64.6% since last year’s holiday.

A $1,000 investment in Ethereum on Thanksgiving 2021 would have bought 0.2353 ETH. The investment would be worth $274.93 today based on a price of $1168.41 at the time of writing. Investment is expected to drop by 72.5% since last year’s holiday.

In total, an investment of $3,000 in the three known and discussed cryptocurrencies would be worth $905.69 today, down 69.8%.

Now Read: How Much $100 Bitcoin Could Be Worth Today in 2030 If Cathy Wood’s Price Predictions Come True

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