Personally, I am about even still when it comes to cryptocurrency. A couple years ago I bought ETH at around 1600 and then out of an emergency, I had to cash it out when it was around 3500. I made a sweet profit because of that, and I needed the money because my landlords evicted me so they could upgrade the place and make more money. I was bummed because of course it continued to go up to about 4500 after I sold. But then when I could finally afford to buy some more it was at like 3200. Then I had to sell again around 1500, of course that was a loss. So all in all, I am still breaking even overall. But I can tell you that both times I had to cash out, it was a life-saver. This is all money I would have normally spent on eating out, which came to a stop during the Pandemic and I have not returned to.
I guess I could have kept it all in savings and been about in the same place now, but what fun is that?
Have you taken out profits? Has it helped you in those times? Overall are you negative, positive, or breaking even?
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