How many bought in at 50k though when the proponents were assuring them it only goes up .!
Cuts both ways.
There are winners and losers.
I just said to afoolinparadise I think it’s like gambling at this stage. No one knows where its going now.
It maybe headed to 2k again!
I don't think very many have bought bigly at 50k. Most will have bought just fractions of a bitcoin so they are down but like long term stocks they are still in the game. Do you know where the DOW is headed? Gold?, Silver? Real Estate? The DOW could be very well headed to 10k with our current leadership. People are buying homes at 600K that 3 years earlier were less than half that and you can't buy a fraction of a house and limit your risk.
Do you understand that with Crypto like bitcoin you can buy small fractions of a coin? You can take $200 and buy bitcoin. You can also buy other coins at fractions of a cent. It's these very risky areas where the really big gains can be made all while limiting risk to a small amount.
To all on this thread. I'm not saying you should buy crypto and it's clear you could lose all of anything you put in.
That being said what is being missed over and over by so many people is the fact that crypto is the chance of a lifetime when it comes to speculative investment. Outside of a lottery ticket there is no other investment that can bring the returns that crypto is capable of. Imagine making 5000% on a $100 dollar investment. It has been done many times and continues to happen quite frequently in crypto. My thinking is don't risk your mortgage payment or food money but a $200 investment could pay off to a life changing degree. Something to think about.