I have been investing in Crypto for over 4 years, I have heard a lot of things about how is good and how it is bad. Also whenever I ask my friends to invest in it, the only thing they will tell is that Crypto is volatile which means you can earn 100% one day and lose 100% the other day. I know he was exaggerating, but there are coins that are pumped and dumped where people pump it and then once they make the profit they dump it. I too was part of this pump and dump once in a time.
This makes the crypto market volatile on a day to day basis, but we take good coins then we can say that they are actually steadily rising or steadily falling i.e. Bitcoin. If we take last year performance Bitcoin was steadily rising and then it came down to be even with last year value and current value.
PC: Google.com
But on the other hand, if we take Meta Platforms share price it has gone down more than 10% in the last year and also 25% in the last trading day.
PC: Google.com
Let's take another example, Snapchat which is again down by more than 57% in the last 1 year.
PC: Google.com
Let's take another example, Amazon which is again down by 16% in the last year.
PC: Google.com
I know I might be sharing only those who have lost this much. But it's for those people who say Bitcoin is a bubble that will be burst as the price is going down. What about these shares, will these big companies are also bubble and they will also go down. Not right, just like these companies have their mark, Bitcoin also has its mark.
Yes, Crypto is volatile, but the stock market is volatile too. The more volatile the market is the more risk it is as well the more reward you get. So yes if invested in SIP format for these companies can actually create your wealth in the future, along with that Crypto will also create wealth for you. We should not (actually people who have not started investment in crypto) should ignore it thinking that investing in crypto will make only losses, it is today one of the best wealth creators in the world.
