Hello
I had more than 700k of crypto and now it's turned into 24k dollard that I do not hesitate to sell everything and go to something else and on one side I think I must hodl!
That's the biggest bitcoin problem to me. Because it's more suitable for long term investments, it's hard to know when to sell Bitcoin, and when it's not worth it and you'll lose all your money. So in spite of all its profitability (as we understood not for everyone), it still remains very risky to invest, so if something goes wrong, you don't have to panic and rush to sell it. It's only going to get worse...
Bitcoin is still bigger than ever, it's just that the scam altcoins lost traction in comparison to Bitcoin Core and Bitcoin Cash. 2016-2018 was a weird time period for the market.
Cryptos are going up and down super fast. I don't know what's the effect with COVID now.. more or less popular? However, bitcoins are growing popularity on online gambling for example. Sites like https://www.paynplaycasinos.bet offer gameplay with cryptos.
If you have invested in genuine crypto projects with sufficient due diligence, the advise would be to just HODL. Cryptocurrency is very volatile. Ups and downs are inherent in cryptos. If you believe in your research before you have invested, then have confidence.
By the way, this is not any financial advise just a personal opinion of believer in cryptos. Wish you luck!
Wow, I'm sorry you have lost so much money. I don't think the end is near for cryptos, though. It's all about what cryptos you choose to invest in and how much risk you take. Many coins and tokens have fizzled out over the years, but there are many that are still alive and well.
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