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> Unfortunately this is why I've given up on investing anything more in stocks or crypto. Everything I invested since before COVID is down. My coinbase account
by Gortal278 5y ago
> Unfortunately this is why I've given up on investing anything more in stocks or crypto. Everything I invested since before COVID is down.
My coinbase account currently has only 34% of the value I put into it 2 years ago, and I spread my investment over the top 5 hot currencies at that time (ethereum, cardano, algorand, sushi, bitcoin).
You may want to reconsider investing in crypto too if you are down %65.
- sizzle 5y agoEth was -$100-300 about 2 years ago and now $3k and Btc ~$8-12k now up ~$40k, exactly how are you down investing in top 5 projects 2 years ago or am I missing something? You should be up significantly and I’m kicking myself for not investing.
- deleted 5y ago[deleted]
- raffraffraff 5y agoWhat killed my investments was the advice to "diversify your investments" (or as I think of it, "spread your bets"). Look at charts for ADA, SUSHI and ALGO over the past 1.5y and imagine getting in at the wrong point in all of them. Plenty of opportunity for losing most of your investment. On average I've done poorly. If I had only invested in BTC and ETH I would have done great, but that would have been against all good advice.
- sizzle 5y agoah I see, win some and lose some. Hopefully you can dollar cost average you way to profitability moving forward
- sizzle 5y agoSorry my reply was meant for @raffraffraff