Here's how much you LOST if you bought cryptocurrencies at the 2021 peak.
What happened when you decided to buy crypto at the worst time?
The last crypto bubble peaked in late 2021. The price of Bitcoin exceeded $65,000, and thousands of articles appeared in the media about how much money could be made on cryptocurrencies. Such a situation is a sign that the market has overheated and a bubble burst is coming. This was also the case this time.
Here's what your Portfolio would look like if you decided to buy the 10 cryptocurrencies with the highest market capitalization at the end of 2021.
1. Bitcoin
2. Ethereum
3. BNB
4. Solana
5. Cardano
6. Polkadot
7. XRP
8. Terra
9. Dogecoin
10. Shiba Inu
Are you ready for such a journey? If not then it's better not to invest in cryptocurrencies or buy them in tranches, for example, using a dollar-cost averaging strategy.
Top 10 cryptos 2 years after the end of the bull market.
Are you ready for such a journey? If not then it's better not to invest in cryptocurrencies or buy them in tranches, for example, using a dollar-cost averaging strategy.
Top 10 cryptos 2 years after the end of the bull market.
At the worst possible point, the entire portfolio lost more than 82%. It has recovered a bit in recent months, but still loses more than 66%.
It is worth mentioning that these were the 10 cryptocurrencies with the highest market capitalization. When investing in smaller projects, fluctuations can be even greater and the risk of Terra-like results is much, much greater. Remember, however, that as long as you haven't sold you haven't realized a loss. Who knows, maybe with holding these cryptos for the next few months the biggest unlucky ones who bought at the worst possible time will come back alive when the next bull market comes along?