Those who have lost money in this crash, will they invest in crypto in future

Gogol

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It's not lost until you hit the sell button.
Even if you do, it can actually work better than holding. As for example, let's say you hold SHIT right now which halved. BNB also like quartered in the same time. You know well that SHIT might not come back anytime soon, but BNB being tied to Binance will come back much sooner. In this case, it makes sense to swap your asset with BNB, and you will be back when BNB comes back. The idea is to not cash the asset out, in my opinion.
 

LuckyCharm007

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I don’t see why people wouldn’t come back if they see a potential gain. I just recently got into crypto and unfortunately lost 80% of my investment so far (Thanks SHIBA!) but I’m going to keep holding the coins and maybe even buy more (BTC, ETH) if it keeps going down.

Technically, you could say the same about the stock market. Does the people who bought Tesla at $880 now will be scared forever to invest in any other stock now that its down to $580? I doubt that.
 

JackSparrow

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People held onto their bitcoins too long should of pulled out at a good price and then maybe reinvested some of the profits when the crash happened. Prices always seem to fluctuate and so is always a gamble when you should actually cash out.
 

Nikolaos

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Some alts are now trading at 70-80% of their initial value at time of peak. So a lot of people are in loss. Will they be able to gather enough courage to invest more in crypto ?
Depends on the risk appetite of the ones who've lost. Greed is a bad tutor.
 

Ashway

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i exited spot altogether. now am a farmer at ironfinance
 

Blue Panda

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Its pure gambling.

There are also some problems with taxes. In Germany for example you have to pay taxes on crypto trades IF you are not holding the cryptos for atleast 1 Year.

One reason to not sell to quick. Crypto is like stocks here.
 

Get The Tech

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If someone lost their money in crypto
they will also got their money by crypto
so don't hesitate and don't worry
you will get your money back :D
 

indianmojojojo

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I dont do trading.

Rather I only buy initally or buy the dip and HODL so when it goes down I am not 60%-70% down. I am probably only 5% up :D

Doesn't mean I buy all shitcoins only a select few I believe in.

I am sure it's the same with shares and debentures.
 

saurabhunde

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Buy any low cap coin, keep it for 3-5 years. It will definitely earn a huge sum.
 

indianmojojojo

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People who loose money are the one who buy at the peak and sell at dip( Impulsive buyers)
 
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