Quote:
Originally Posted by Jewish Rabbi
You did.
This thing is still in its infancy, a lot of misinformation out there. There have been scamcoins and shitcoins from the beginning to try to take advantage of uninformed investors. Just because those scams are collapsing doesn’t mean crypto is dead; but that’s the better headline since apparently good journalism is.
Most people in the crypto space didn’t expect that huge spike last year and aren’t concerned about the correction this year as that kind of growth was unsustainable. The majority of naysayers are completely uninformed and take pot shots at something they don’t understand. Bitcoin is fine. Naysayers just want to look at decline from December 17th and not the fact that Bitcoin is worth 3x what it was a year ago. Not a bad ROI.
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Basically if you got in on ground floor, you're probably fine? Sounds like you did so good for you.
However, if you're like many in this thread who got in late claiming "absolute gains," you're probably still very behind.
And for the record, put your money in something that makes money. Bitcoin and Crypo was/is just that if you timed it right. The stock market is risky too, no doubt about it.