I feel the pain everyone is going through right now. This is not the first crash in crypto by any means, but perhaps the one with the most surface area due to the sheer amount of people who have joined this space in the past couple of years.
For many, crypto is their first introduction to investing. Maybe some people got in because they heard of bitcoin from their friends, or some people because they believe in decentralization and blockchain technology.
Regardless of why you’re here, seeing the numbers go down this fast can cause many people to forever shy away from investing in crypto, or investing as a whole again. Due to what’s happening with certain projects, it is likely that regulators are going to get involved and try and kill off portions of this market. During this time, it’s easy to just write off the entire industry as something that will never work… or worse, a complete scam.
While I understand the sentiment, I think it’s important for us to remember that the dotcom crash did not kill the internet. This crash in crypto, or the regulation headed this way, won’t kill blockchain either. Stay strong, don’t lose optimism, continue to build, execute, learn, and educate others.
We are going to make it.
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