Majority of crypto is looking like the COTI chart above having "lost" 85% of the token value in the last 12 months. I am still needing more to grow my bags which does sound crazy if you are not in crypto. Who wants more of an investment that dive bombs for more than 4 years? We are all crazy.
A friend of mine recently invested a considerable amount of money into crypto and the timings looked good at that particular time. Not long after his buy in he mentioned he was looking like a genius having been up around 20% on his investment. These days he is like the rest of us and not surprisingly has been very quiet as we all know his investment is no longer up. What is that saying we always here quoted that 90% of those in crypto have lost money. That means that if you are still in profit you are of the minority and I will take that as a win.
I take that saying with a pinch of salt though as that could be turned on it's head depending on where we are in the market. Some sizeable green candles over the next few months could turn all those losing investments into profitable ones and this is all about perspective. What is very true is if you sold now you would have lost, but if you do the smart and only thing which is to hold then you have not lost. The investment remains intact and if you are smart have put it to work accumulating more through a staked APR.
According to Grok this is slightly off and instead of being up $400K you would be up around $180K which is still 300%.
I saw this post recently which I thought was rather interesting stating if you had bought Bitcoin at it's peak during the previous cycles you would be up by more than 500%. This is actually quite incredible really and why the 90% loss story sounds like a fairy tale.
The COTI chart at the very top of this post depicts over the last 12 months a loss of around 85% which is harsh considering the 3 years prior to that another 75% was lost from it's all time high. This crypto cycle has been on a total slide and it looks to be continuing in that fashion yet we will buy and accumulate more even when we know the price is dropping further.
The positive point I am trying to make here is we all know this is temporary and at some point this has to turn around and start heading back up. The hope I have is the market takes it's time and lets us load our bags up properly so we can all benefit from the amount of years we have been working away tirelessly to change our lives for the better.
The plus side from all of this is there is very little Lambo or to the moon talk type nonsense floating around social media. Things are quiet which signals that this is a time for accumulation if you know how to accumulate. The compounding of rewards on top of rewards is a sure way to slowly grow daily and what turns losing investments into winning investments as long as you give it the time required.
Not everyone in crypto is going to be a winner and this is all based around on when you buy and sell. Everyone I have known personally in real life who has bought crypto have all lost with the main reason they had no clue or knowledge of how the crypto market works. We should all know better than that and just keep on doing what we do best and that is growing our bags day after day. This is seriously good fun and we need to enjoy the ride. If you think long term then you will be unstoppable in the success you will one day enjoy.
