LOL I guess it's always good to look at the Bright side and ignore the huge overall loss.
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Nah, I am still up over 1000% on Bitcoin. I bought at $10, then more at $300, then more at $3000. I also bought some at $24,000, so up over $10,000 even on those.
I also dumped my entire 401K into Grayscale Bitcoin Trust in 2017. It split 100:1 right after I bought.
We are still in wild west mode in Crypto, but I have found it to be a great inflation hedge if you have the balls. That said, I converted my Ethereum into real estate,
(current home) and also used Bitcoin to stock up on Gold and Silver via JM Bullion.
If you look at the trends on Bitcoin, it always goes way down before it goes up again. You need patience. There are a lot of HODL (hold on for dear life) folks in the market, since trading is not for the faint of heart.
Unless your in short term bonds or a savings account like Marcus right now, there are very few places to invest that provide a better return prospective over Bitcoin. All the other coins are garbage in my opinion. Bitcoin is gold, and Ethereum is silver. The rest are mostly pyramid scams. Cardano is interesting too due to speed and capacity.
Down the road, all transactions will be on a blockchain. The protocol used for credit cards will transition. Contracts will also transition. Middle men and banks are screwed when that happens. I have a very large hedge fund client that is getting into crypto big time. Fidelity clients are clamoring for a way to invest in their 401k's.
I used to babysit the US federal money transfer system, which moves trillions every day. That entire system, especially bank to bank, is moving to blockchain.
The BRICS also see the blockchain as a way to get away from the dollar based SWIFT and CHIPS systems.
The world is changing fast, and there is no harm in making a bet on crypto with a few percent of a portfolio. You may be surprised and happy in the end, or you could lose it. Like I said, you need balls and patience to play.