Gotta feel badly for the crypto zealots (or not) who continue to hold and take the elevator down. Most are down more than 50% from highs.
Yeah, I noticed that too. Feel bad for them, especially those who bought near November high, hoping bitcoin would go over 100K.
My boring low-cost S&P 500 index funds have taken a hit of course, but I'm still doing just fine, thank you.
Still better than putting cash under the mattress for 43 years, I think.
Still way high for someone like my former boss, who bought BTC and ETH in 2020: If he sold today, he'd be taxed at the lower, long-term capital gains rates, and still realize a magnificent rate of return: Sometimes speculation works! He didn't put a lot of money into it, but it might now be enough to get his old truck back on the road.
Most of my money is invested in S&P index funds, so for me, doing nothing is a perfectly OK action plan. Inaction served me well in 2000 and and again following 2008's crash. Have seen my paper wealth plunge before.
Yup. For retirement accounts, my wife and I just continue to invest every paycheck, no matter market is up or down. We never panic sell. So far so good.
Absolutely, but those early adopters are few and far between. Most, like typical retail investors, got in much later and arent in quite as good a situation. Funny how the zealots all disappear when their market goes down. Personally, i love a market that has crashed, it has no where to go but up and the odds of making a bunch more money is yuuuuge i tell you!!
When I bought this morning near the low, I thought market will stay low for the rest of the day and maybe I can get more tomorrow....
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