Redditors share their thoughts on buying Bitcoin at all-time highs
Many crypto enthusiasts turned to social media on Friday to voice their frustrations with the state of the crypto market. One Reddit user named imyourkingg allegedly invested 30% of his net worth into Bitcoin (BTC) a few months ago, saying:
Crypto's decentralized nature means there are no circuit breakers equivalent to the ones that exist on traditional stock exchanges. The resulting bull/bear cycles can be extreme, and difficult for the uninitiated to become accustomed to. Another Reddit user took the podium with a post titled "$60k and panicked:
Bitcoin's price has had disappointing start in 2022, with the digital currency falling 11.4% in the past 24 hours, and 44.7% from its all-time highs of approximately $68,000 in Nov. 2021. Early BTC investors may already be sitting on relative fortunes, making them more capable of weathering through these downfalls. The same cannot be said for investors who had only recently entered the game, however. According to a report by Huobi Group, 70% of current crypto holders in the U.S. started investing in crypto in 2021.
Why dont it just go to zero directly..Im tired of buying new dip#BitcoinCrash #cryptocrash pic.twitter.com/pdJ6LlA4Mr
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