Crypto by it's nature is and always was a highly risky asset. Anyone who invests knows there are high risk investments. Which generally means the rewards are hugely positive or highly negative. That's why investments should always be be done with money you can afford to lose even if it is a low risk asset you are investing in.
In the stock market there are always ups and downs. I knew that realistically but didn't know just how much until recently. I'm new at watching and investing in stocks. But crypto I've watched since 2012 and it's always been way up and then much further down. I've seen a few different types lately in this arena. People are split down the middle as far as ones who are being reactive to the market and those who are predicting it.
There are a few blockchains having growing pains at the moment. Ethereum, Tron, and Solana to name a few and BTT is going through a rebirth of sorts. Crypto isn't dying but it is time for blockchains to either grow or get out of the way. Tron's fees are up, value is down all around, BTT is being moved and BTTOLD is the remainder. Ethereum is upgrading to ETH 2.0 and both are still going to be just as slow and the fees exuberantly high. Solana and it's concepts were exciting and had everyone's attention but the coding was faulty and already is experiencing the need to evolve. That is far from meaning that it is dying or a venture that isn't worthwhile. But you do need to know the nature of the beast before teasing it.
Crypto and it's markets have always mirrored the stock market a lot like silver and gold are influenced by it. If the price of gold and silver goes down and you own some that doesn't suddenly mean that it isn't worth owning. Most who own it know that it's in the nature of the market to go up and down. To make money at that game you have to buy when it is LOW and sell when it is HIGH. Another big part is knowing when to HOLD it and when to move. You have to study the nature of the beast.
There are definitely safer investments. In every market there are some investments that are low risk, low return. That is something that can be said for every market. Medium investments are medium risk and medium return. High risks have that chance of a high return. There will always be some people who are afraid to invest regardless of the sort of investment and really those people are afraid because they don't understand. The potential loss is always going to be small compared to the potential gains. But people who are that nervous about investments likely shouldn't be investing or at the very least shouldn't be in charge of their own portfolio...Pulling out because something is going low is never a good way to react in a market that is ALWAYS up and down following the economy.
When people are new to investing it's always good to find a mentor who is seasoned in it and to learn from them. Fear drives people away from what could be a very good thing. That's just the nature of it. Knowledge gives us the tools we need to act accordingly to what is written WILL happen instead of simply being reactionary when we are caught off guard. I always was one who would rather understand and have the tools to know vs just being caught off guard. It is sad to see the split that is happening in today's world. I wonder if it would be happening if less people reacted with fear and more nodded with knowledge?
*As always this is NOT financial advise but simply my own opinion. I am not a financial advisor yet and you should always do your own research and form your own opinions*
