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Has Crypto made your personal financials better or worse for having been involved?

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by COINS NEWS 49 Views

I'm just curious to hear from members here if Crypto has improved your personal financial situation or made it worse. Are you up money from having invested in cryptocurrency or down money?

Obviously this is going to depend on everyone's personal situation ie when did you start investing, when did you sell if you sold, what cryptos or projects did you decide to invest in, have you been a victim of theft or rug pulls, etc.

A Lending Tree study found that 38% of Americans they surveyed who invested in Crypto have lost money versus 28% who said they made a profit with 13% saying they broke even.

Barron's had a simiar study but their findings were that 3/4 of Americans who invested in Bitcoin have lost money.

Curious where most people on this sub sit? I'd also consider even if you haven't sold or are "even" according to current prices, would you consider a loss when you look at opportunity cost and say something like buying a house probably would have delivered a 20% profit per year, although obviously there's no gain if you haven't sold said house. I guess you could also say had you invested in stocks instead you'd have seen a gain of 18% in 2020, 28% in 2021, although a pullback of 18% in 2022.

submitted by /u/rulesforrebels
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