Lets all be real, we all lost in crypto?

[Coopsyden]

Since the significant market downturn, the value of cryptocurrencies and coins has dropped by more than 50%. Consequently, anyone who had invested in crypto before the crash has likely experienced a minimum 50% loss. It's understandable that many of us, including myself, are holding onto our investments, hoping for a recovery to previous levels. However, there is also a possibility that this new lower value is the new normal.

For instance, if you initially had $10,000 in crypto, you would now have $4,000. Companies that had invested $10 million would have lost $5 million in a similar manner. Even people like Elon Musk may have experienced losses in the ballpark of $500 million.

So, let's be honest now: How much have you lost, and are you currently holding onto your investments, hoping for a rebound to recoup your losses, rather than accepting them as official losses?

The risk lies in the potential scenario where the market continues to decline, resulting in a complete loss of investment. On the other hand, if you were to sell now, you would at least recoup 50% of your initial investment, acknowledging the 50% loss.

Feel free to share your honest experiences. Every one of us is likely in the negative at the moment. How much have you lost?