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I guess you can call most cryptocurrencies volatile but some like BTC and ETH have so much marketcap that it's getting a bit better. Some people truly believe i
by sdan 7y ago
I guess you can call most cryptocurrencies volatile but some like BTC and ETH have so much marketcap that it's getting a bit better. Some people truly believe in crypto (and even institutions are... they store in Bakkt) and I guess you have to respect that (pretty sure they understand the risk as well).
- tyingq 7y agoNot faulting them for having significant sums there. But "life savings"? Ouch.
- wmf 7y agoYes, BTC is "only" down 23% in the last month.
- sdan 7y agoI don't want to argue, but it's up 15% since last year (if you bought/sold right you could've also make 400% since last year. I don't personally have anything in crypto, but am watching enthusiastically from the sidelines (and given it's down 23% in the last month is one reason why). At the end of the day you have to look at it from a bigger picture. Since the next halfing is happening in a year, prices will most likely go up (speculation).