Crypto (btc) is not for the weak

[knowngunman]

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up. I came across this and it worth sharing not to scared us but to build hope in us that we are not alone on this.
It was reported that about 17 wealthiest investors and founders lost about $116 billion in less than a year.

As a result, 17 of crypto’s wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March, according to Forbes’ estimates. Fifteen of them have lost more than half their fortune over the past nine months. Ten have lost their billionaire status altogether.

Read full details here $116 billion in lost crypto wealth
It's obvious that those who have no trust and hope in crypto have started giving hope and some of them are even selling despite the bad condition of market and end up losing. One thing I'm certain of is that as long as Bitcoin is in existence, all hope is not lost. Let us be strong in order to win this battle together.

[serjent05]

The image will inflate on the next Bitcoin surge where Bitcoin will again record its new ATH.  The holdings you stated are all in crypto so it isn't surprising that it will be in the negative when your initial point of reference is during the $45k-ish price of Bitcoin and the endpoint reference is when Bitcoin is at its deep $16k.  So it is actually not a surprise at all.

Except for those who are jailed and properties such as cryptocurrency and others are confiscated, the peoples Net worth by the year 2025 when Bitcoin recorded a New ATH will definitely (assuming BTC will be around $210k) be way more.


(assuming that the holdings is in BTC)
Legend B = billion

[Yatsan]

Any form of investment is not for the "weak ones". An investor should know how to endure market downfalls. Problem is; many people think that investing into cryptos or 'Bitcoin' would give an easy profit but in reality it is not. As cited in this topic, there are individuals losing millions. Indeed there are investors who made much out of this industry but to think that it would be applicable to each of one of us, would be a punch to the moon. First of all, profit would be bigger if you'd invest more. You may also engage to alternative coins in this market but think if you could afford a more volatile market price compared to Bitcoin. To put it simply, gauge the risks and avoid the misconception towards this industry.

[klidex]

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up. I came across this and it worth sharing not to scared us but to build hope in us that we are not alone on this.
It was reported that about 17 wealthiest investors and founders lost about $116 billion in less than a year.

A true investor must have a strong determination and mental steel and do not need to think about the losses and risks involved.
If you are sure and have the determination, all that is in your mind is to increase your investment assets and keep them until these assets can actually generate large amounts of profit in the future.
Even though the market is unstable, whether the price of the stored asset has decreased or increased in price, if the price of the asset has not reached the specified target, it must be kept.
Because basically investing requires quite a long time, therefore patience and confidence are the main keys to achieving investment success in the future.

[DoublerHunter]

~snip~
One thing I'm certain of is that as long as Bitcoin is in existence, all hope is not lost. Let us be strong in order to win this battle together.

^Lost hope is those people who are new to this kind of investor, many weak investors are eventually new to this kind of investment, and they easily get FUD like in any social media news. If we remember last time Binance exchange has many FUD and if you are not verifying it you will believe that FUD news. But I agree with you, let us be strong despite the condition of the crypto market, and forget for a while that you have a crypto asset while the price had a bad position. I believed that the BTC price will reach again into the next ATH.
The image above clearly that if you are new to this you must have faith in BTC first, look at CZ and Brian Armstrong, they don't have huge losses because they know how to deal with the market while those new below have lost millions or billions of dollars.

[Smartvirus]

I was hoping I would see Sam Bankman on the list and I qast disappointed to have seen him. More still, the minions of investors tha focused on using the FTX platform for there investment or build a crypto portfolio. Yeah, this seems enough to spread FUD for the weak hands but, I think if you focus your attention on what is lost other than finding the cause to this lose, you wold be loosing out on an opportunity to better yourself.
If you look at all the names to have futures on tha list, you would find sorting common about them and that is nothing short of some bad investment.  Trying to profit without weighing the risk. As much as there is a statistics to failure, there are just as much to success. Focus on the sucees and study the errors to a lose then, you might find yourself making good investment choices.

[buwaytress]

Wait, come on, someone must have come out on top, no? Every damn Cointelegraph/Coindesk/CoinABC news article about predictions has some "influencer" or "well followed" trader coming out with all kinds of shorts.

I want to see a list of people who started with $1000 in March and is smelling a million in December. OP, make me happy.

[GideonGono]

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up. I came across this and it worth sharing not to scared us but to build hope in us that we are not alone on this.
It was reported that about 17 wealthiest investors and founders lost about $116 billion in less than a year.

As a result, 17 of crypto’s wealthiest investors and founders have collectively lost an estimated $116 billion in personal wealth since March, according to Forbes’ estimates. Fifteen of them have lost more than half their fortune over the past nine months. Ten have lost their billionaire status altogether.

Read full details here $116 billion in lost crypto wealth
It's obvious that those who have no trust and hope in crypto have started giving hope and some of them are even selling despite the bad condition of market and end up losing. One thing I'm certain of is that as long as Bitcoin is in existence, all hope is not lost. Let us be strong in order to win this battle together.

Honestly speaking I think it isn't just on crypto but for almost everything, everything that have risk is not for those who are weak.
If you're not ready or prepared for the worst scenario whenever you are taking a risk then you are just fooling yourself.
Expecting everything to be on your expectation is so childish we need to grow and learn that not everything works that way.
And for those Investors they haven't lost it yet for me it would only be considered lost if they already traded their crypto into Fiat and quit.

[kamvreto]

Apart from having to do financial management, we also need to do psychological management so that we are not disturbed by FUD which continues to be spread and affects us in the investments that will be made. People who have not started believing and are reluctant to invest in bitcoin or crypto are of course only beginners who don't know what to do, but those who have been in the crypto world for a long time will understand that now is the right moment to just keep logging in and take advantage of it to your advantage. Like CZ who wasn't swayed by drama FTX and such, he continued to innovate and make FUD a vehicle for greater profits. Every investment will definitely have risks, but these risks can be overcome if we know how to minimize them.

[dothebeats]

Not surprised about these numbers anymore, but what I'm surprised is how people managed to get from billions to 0 in just a single year (with the exception of SBF, of course). Once bitcoin surges, these names will top the list of billionaires once more and people will wonder how they get to there. Not everyone is trained to trade like these guys do, and not everyone has the heart to take all of the loses like these big guys do. Pretty sure at the onset of the reds, most people will find it easier to just sell at a loss than to bear seeing their losses materialize right before their very eyes.

Even in stocks, a lot of losers have emerged too. Everything you can invest on performed relatively bad in 2022, and there's really no performing asset that you can hold onto on the previous year save for precious metals that retained their value pretty well. No one was safe from the harsh reality of 2022 that we have just experienced.

[BlackBoss_]

Crypto is not Bitcoin and Bitcoin is one of cryptocurrency. The title is not correct and I think a correct one is Crypto is not for the weak or Bitcoin and crypto are not for the weak.

If you use Crypto (btc), you imply Bitcoin is like altcoins. Fiascos in 2022 started with Terra, FTX and they are altcoins.

[crunck]

Crypto currency as a whole despite its advantages can be very risky. It appear to me as a battlefield where only the strong can survive and weak ones will eventually give up.

Cryptocurrency is a battleground, the market is a battleground where there will be winners and losers because it is not creating money to distribute to everyone, but people are taking each other's money. Whoever is smart and strong will win, this is a game. So I find it funny that people keep blaming the project developers when they lose, but if the developers don't cheat on them then I can assure you that, when the token price goes up, you will also be dumping causing the project to crash and the developers to lose. Instead of waiting for you to dump, they will let the project fall apart. It's a game, whoever is faster wins.

[Hispo]

Wait, come on, someone must have come out on top, no? Every damn Cointelegraph/Coindesk/CoinABC news article about predictions has some "influencer" or "well followed" trader coming out with all kinds of shorts.

I want to see a list of people who started with $1000 in March and is smelling a million in December. OP, make me happy.

Am I the only one who believes that it is more likely that those traders who actually know what they are doing and earn a good money out of it just stay silent and out the public spot, so they can continue to do what they are doing quietly?

Perhaps it is just me, but if I was blessed with good trading skills I would not try to catch people's attention the way some "influencers" do. I would just close my mouth and make more money.  

[coinerer]

The prices of cryptocurrencies have been massively dumped, including Bitcoin.  Most of their investment has gone down so they are facing huge losses. And since they are whale investors they know very well how to recover those losses. They will not make any wrong decisions in their own knowledge.  And when bitcoin makes a new ATH they will recover their losses along with huge profits

[wxa7115]

Any form of investment is not for the "weak ones". An investor should know how to endure market downfalls. Problem is; many people think that investing into cryptos or 'Bitcoin' would give an easy profit but in reality it is not. As cited in this topic, there are individuals losing millions. Indeed there are investors who made much out of this industry but to think that it would be applicable to each of one of us, would be a punch to the moon. First of all, profit would be bigger if you'd invest more. You may also engage to alternative coins in this market but think if you could afford a more volatile market price compared to Bitcoin. To put it simply, gauge the risks and avoid the misconception towards this industry.

That is probably one of the most common and damaging misconceptions the general population has about investing, they somehow not only think they can make a lot of money in a quick fashion but that it will also be very easy.

They willingly forget that in order to earn any money they need to work really hard for it, so why would investing be an exception to this rule? Now it is true there is a minority out there which can indeed make a lot of money in the markets and do so very quickly, but those investors are either just lucky or have skills way beyond our imagination.

[Despairo]

Does it's only me who think there's no correlation between the @OP picture and explanation?

Those are different person and they have a different source of income, moreover the people who have $0 net worth at December 2022 is because their own business, not because their investment! Become a businessman is really risky and you need to accept huge losses, it's not about in crypto industry, but every industry.

BTC isn't for weak because we need to hold for long term amount, but if you compare a rich people and an Average Joe about their Bitcoin holding, you're wrong since those rich people can make money very easy and they can take more risk.

[TravelMug]

Every investment is very risk, not just crypto market. It just so happen that bitcoin is volatile as compare to traditional financial market. I think the key word here is risk aversion, rather than saying that it is not for the weak of heart.

Like for example the market is so unique that it is only the one that we have seen cycles, every 4 years, of course every other market has bulls and bears cycle but we have this thing - bitcoin block halving event only happening in a 4 year period.

And with a bear market, everyone is not spared even those billionaires and for sure they know this and they are banking that the next bull run will be huge making X profit again.

[pooya87]

First of all there is a huge difference between cryptocurrencies (more precisely altcoins) and bitcoin. The altcoins remain widely useless which makes their true intrinsic value be closer to zero regardless of how much they are worth right now. And that will ensure their long term dump which is what we have been seeing from the day altcoin market was created.
On the other hand, bitcoin is useful regardless of how the minority sees bitcoin or how much money they may lose if they buy bitcoin. The true intrinsic value of bitcoin is high and sometimes like these days it is actually higher that the current price. That ensures long term rise.

Secondly the money that was lost over the years has nothing to do with bitcoin as a currency and it has always been about centralized services (mainly CEX) that are insecure and incompetent to keep their customers' funds safe. Talking about that in this context is misleading.

[Poker Player]

First of all there is a huge difference between cryptocurrencies (more precisely altcoins) and bitcoin. The altcoins remain widely useless which makes their true intrinsic value be closer to zero regardless of how much they are worth right now. And that will ensure their long term dump which is what we have been seeing from the day altcoin market was created.
On the other hand, bitcoin is useful regardless of how the minority sees bitcoin or how much money they may lose if they buy bitcoin. The true intrinsic value of bitcoin is high and sometimes like these days it is actually higher that the current price. That ensures long term rise.

Yes, in the end what happens is that we have more than 22,000 shitcoins, and there is more and more shit, and apart Bitcoin. Of the altcoins, I think that in the end by pure statistics some will survive that are useful to the system, but very few, counting that CBDCs will be implemented, which means that those who are investing in these tens of thousands of shitty projects will lose their money, while those who bet on Bitcoin in the long term, not only will maintain the purchasing power but will probably get a higher appreciation than with any other financial asset.

Secondly the money that was lost over the years has nothing to do with bitcoin as a currency and it has always been about centralized services (mainly CEX) that are insecure and incompetent to keep their customers' funds safe. Talking about that in this context is misleading.

Well, not only insecure and incompetent, I believe that in some cases they directly intended to defraud even if they deny it, as in the case of Alameda and SBF, which was dedicated to create money out of nothing with a clear ponzi system, in which many people fell for what they usually fall in such schemes: bewitched by the (illusory) profitability.

[buwaytress]

Wait, come on, someone must have come out on top, no? Every damn Cointelegraph/Coindesk/CoinABC news article about predictions has some "influencer" or "well followed" trader coming out with all kinds of shorts.

I want to see a list of people who started with $1000 in March and is smelling a million in December. OP, make me happy.

Am I the only one who believes that it is more likely that those traders who actually know what they are doing and earn a good money out of it just stay silent and out the public spot, so they can continue to do what they are doing quietly?

Perhaps it is just me, but if I was blessed with good trading skills I would not try to catch people's attention the way some "influencers" do. I would just close my mouth and make more money.  

I believe there is no such thing as a good trader who only earns money consistently from making good calls or at least, it's indeed a tiny, silent minority.

I think the truth is, most traders who make that a living over the years make more profit from selling signals, selling education, or making commissions off those who sign up and/or trader under them, or make commissions trading on behalf of clients.

That's why they need the exposure, the followers, the hype.