So you told your family to invest in Bitcoin, Dogecoin and Ethereum at Thanksgiving last year? Here’s How Much They Now Have (And Why You Might Be Eating Alone) – Bitcoin (BTC/USD)

For many Americans across the country, meals will be eaten with families on Thursday to celebrate the Thanksgiving holiday. A topic of conversation could be feared by some family members.

What happened: Thanksgiving Day 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 could include school, work, politics, and what many probably fear: the topic of cryptocurrency.

Cryptocurrency markets rose high in November 2021 with Bitcoin BTC/USD and Ethereum ETH/USD hitting all-time high prices and Dogecoin DOGE/USD still up significantly from the start of the year after falling from all-time highs in May.

Family members who discussed cryptocurrency were likely to either support a further step up or question whether investing in crypto was risky.

Family members who tried to persuade their relatives to buy cryptocurrency may be hesitant to show up on Thanksgiving Day, given the recent collapse in the price of leading cryptocurrencies.

Celsius’ bankruptcies and the cryptocurrency platform FTX is among the biggest stories for the sector in 2022 and has many questioning whether the cryptocurrency market is here to stay or could disappear.

Related link: The turkey trade: How the market historically works around Thanksgiving

Investing $1,000 in BTC, ETH, DOGE: If a relative ended up being convinced and decided to invest in cryptocurrency for the first time on Thanksgiving Day 2021, they’re down big.

Here’s a look at how investments would have fared over the last nearly one-year period investing $1,000 in each of Bitcoin, Dogecoin, and Ethereum.

A $1,000 investment in Bitcoin on Thanksgiving 2021 could 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 would have fallen by 72.3% since the holiday last year.

A $1,000 investment in Dogecoin on Thanksgiving 2021 could 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 would have fallen by 64.6% since the holiday last year.

A $1,000 investment in Ethereum on Thanksgiving 2021 could have bought 0.2353 ETH. The investment would be worth $274.93 today based on a price of $1,168.41 at the time of writing. Investment would have fallen by 72.5% since the holiday last year.

In total, a $3,000 investment in the three well-known and talked-about cryptocurrencies would be worth $905.69 today, a drop of 69.8%.

Read next: How much $100 in Bitcoin today could be worth in 2030 if Cathie Wood’s price prediction comes true

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