The crypto market has long been vulnerable to price swings and volatility. Things go up and down at a moment’s notice, and nobody really knows when price hits like the ones we’ve seen over the past few weeks will really occur.
Crypto Investors Are Trying to Rethink Their Strategies
That’s why many investors are doing all they can to get used to the unstable nature of the digital currency space. They are in it for the long haul and are beginning to give up the idea of short-term gains. They realize they are dealing with an immature market that despite doing quite well over the past 13 years, still needs a lot more time to edge itself out and create a solid future.
One example of an investor that’s learning this lesson is 23-year-old Harry Satoshi (he got so intrigued by the arena that he changed his name to match that of bitcoin’s legendary and anonymous creator). He has been trading crypto for roughly five years and has done just about all he can to keep himself educated and all-knowing when it comes to establishing a balanced digital currency portfolio.
In an interview, he stated:
I was looking for a get-rich scheme that would propel my wealth very fast in a short amount of time with little capital.
It appears he lost as much as 30 percent of his overall investing portfolio recently, but Satoshi isn’t taking the situation badly. He says he’s gotten used to this kind of behavior from the crypto space, and he’s doing all he can to ride out the storm. He continued with:
I’ve lost $30,000 but I’m pretty numb to it in all honesty. I’m in it for the long run and I’ll make that money back.
Satoshi first began to get involved in crypto in 2017. Heavily interested in the space, he sold his laptop and a motorbike he had been riding to earn $2,000 in capital – capital that was ultimately used to buy his first bitcoin. He says:
The months following that, I pretty much lost 80 percent of it, but I kept buying for three or four years and it paid off.
Just Continuing with the Buys
Josh Bunker, at 21 years of age, is also looking at the crypto space for what it is – something with a lot of barricades to overcome. He recently lost quite a bit of money in the crash himself, though he’s trying his best to stay positive and wait for the light at the end of the tunnel. He says:
I just put more money in my account and started buying more. I try to put a certain amount away each week because I know it’ll help me in the future.
Overall, he’s lost about $2,000 in just the last few weeks, though he’s confident things will change.