“Crypto collapse erases more than $1 trillion in wealth, forcing a reckoning for everyday investors”
January 26, 2022
“By the end of last year, the value of Hasten Carter’s cryptocurrency holdings had climbed to about $250,000. He moved to a nicer apartment, bought a new truck, and started thinking about pursuing his dream of a full-time career in game development. But over the past two months, the value of cryptocurrencies has plummeted, taking with it much of Carter’s digital nest egg, a mix of Ethereum, the second-most popular cryptocurrency, and a number of more obscure coins.
“It’s gotten out of hand to the point where I’m not sure I’m comfortable I can keep my money,” said Carter, 30, who has kept his day job at a Nashville sign-making business. Of his hopes for a new career, he said: “I’m not sure if it’s as wise of a decision.”…”
Listen this is a opportunity not a setback. Cryptocurrency is a store of value like gold to begin with. It has drawback which I have said before but there is no reason to panic right now. This is a great time for people who never invested to jump in. For people already in keep reinvesting. It’s going to pay off in the long run as long as you’re not invested in a bad or unwanted coin.