Be Honest now, everyone has lost money on Crypto

oatmeal · Jun 12, 2022

So since the big crash, the crypto market and coins have fallen by over 50%...every single coin.
So that means every single person on this planet who had invested in crypto before the crash happened
is out at least 50%. Obviously you are hodling like me hoping it'll go back up to normal but maybe this is the new normal.

So if you had 10K in crypto, you are down to 5k.
Companies that put in $10 million in crypto have lost $5 million just like that.
Elon musk probably has lost $500 million etc.

So be honest now, how much have you lost and are just hodling for it to go back up so you can get your money back
rather than sell it off and make it official loss?

The risk is that it may never go back up and will keep going down so you lose 100% but if you sell off now, at least
you'd get 50% of your investment back and accept the 50% loss.

Be honest now

Every single one of you are minus right now. How much?

Primerax · Jun 12, 2022

I can't lose if I don't sell

CPANathan · Jun 12, 2022

False

oatmeal · Jun 12, 2022

Primerax said:
I can't lose if I don't sell

technically yes, it's not a loss. But if it continues to go down, even crash completely, or never goes back to what it was before, then we'd be at a loss. My assumption is that the previous norm was inflated and overvalued. Maybe what we are seeing now is the normal prices....SOL maybe is over valued at $100 and really $35 is what it is worth. Is it likely we're going to see SOL grow 300%? (SOL is just one example).

tigertigertiger · Jun 12, 2022

That doesn't make sense. When I invested 10k dollar before the crash at 15k/btc I'm still at 20k dollar. Elon Musk and all the companies have a huge plus because they started way before the crash. The only people that are in the red are people who bought at the top.

oatmeal · Jun 12, 2022

tigertigertiger said:
That doesn't make sense. When I invested 10k dollar before the crash at 15k/btc I'm still at 20k dollar. Elon Musk and all the companies have a huge plus because they started way before the crash. The only people that are in the red are people who bought at the top.

A lot of people....in fact most companies bought at or near the top.
Let me correct you on your error. Elon Musk / Tesla bought BTC (46,000 coins) at average price of $32,610.
MicroStrategy bought $191 million BTC in April, and another 25 million in February back when BTC was over $40k. These are just a few examples.

tigertigertiger · Jun 12, 2022

oatmeal said:
A lot of people....in fact most companies bought at or near the top.
Let me correct you on your error. Elon Musk / Tesla bought BTC (46,000 coins) at average price of $32,610.
MicroStrategy bought $191 million BTC in April, and another 25 million in February back when BTC was over $40k. These are just a few examples.

First of all you are not addressing my argument that only people who bought near the top are at a loss. Secondly _most_ companies did definitely buy before the crash. Even tesla is still break even, since they sold 10% near the top, but even if not, just because some, maybe even a lot, people bought at top, they are not ALL in the red as you stated.

tigertigertiger · Jun 12, 2022

Btw as you can see, 2/3 of public traded companies with btc holdings are still in the green:

Public Companies with Bitcoin Holdings - CoinGecko

Track publicly traded companies with the biggest bitcoin treasury portfolios

www.coingecko.com

krishnaverma · Jun 12, 2022

Good thing is that you can still make huge profit in this time by shorting.

Ashik72 · Jun 12, 2022

Around $1200 with BTC so far.

djsobuj · Jun 12, 2022

$1K by doge, ltc and btc.

seo_review · Jun 12, 2022

What should we do now? Is there any way to recover this situation??

timtheyoung · Jun 12, 2022

It's all part of investing, you win some you lose some.

Just aim for a net profit.

UKSEO2022 · Jun 12, 2022

HODLLLLL

LemonAcid · Jun 12, 2022

Idk why are you guys stressing... Cant you see current financial situation in the world?

There are artificial made supply chains disruptions,sanctions that are not beneficial to any side and many other smaller things happening

in the background...

Idk how you guys can expect crypto market to see greens when prices of food and commodities are raising daily in real life...

Oh and theres one more small thing there is global inflation aswell...

So gl with greens

verwest · Jun 12, 2022

I lost $5,000. I'm still busy paying off debts...

Jhon92 · Jun 12, 2022

My 11k$ turned into 3k$

nahid133 · Jun 12, 2022

Yeah I lost it too like everyone.
But I don't consider it as "LOST"
I consider it as business investment
And I didn't sell anything I'm buying whenever I get some extra $$$

Ashk881 · Jun 12, 2022

oatmeal said:
Every single one of you are minus right now. How much?

I can't lose money in crypto if i don't own any right now

xReminisce · Jun 12, 2022

Ashk881 said:
I can't lose money in crypto if i don't own any right now

lose potential profit

Be Honest now, everyone has lost money on Crypto

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