I personally haven’t really dived into the whole crypto stuff yet but for whatever reason there are sure a ton of news recently about cryptocurrencies such as bitcoin taking a dive. It’s almost similar to the dotcom bust years ago it seems. While normally that should mean everyone would be jumping ship, from what I see it seems like a lot of people are sticking at it or even getting into it despite the massive drop.
It would seem like because the whole thing is still fairly new per se a lot of people are more inclined to treat it as a speed bump of sort versus say a consistent pattern of something going downhill fast. I think for a lot of people who own crypto it was fundamentally done through sweat equity per se such as just having the computer running nonstop. So from that perspective I can see the rationale to ignore what the mainstream sources are reporting where it’s an investment that one is fully willing to accept if they lose it all with the potential that it could be huge.
Almost no different than a stock per se that was given to someone through means that didn’t require them to pay their own money. I think if it was me I would have probably tried to sell off some before In an effort to purchase whatever it is that I needed in life to be comfortable. For example, if it was buying a house then I would try and see if I could sell that much and anything else due to the circumstance I would probably just hold on to it while not paying too much attention as I continue to work and make a living the traditional way.
I would think that would be the happy medium versus having an all or nothing approach. But like always in these situations, it is unpredictable.