I bought bitcoin first time when it was below $10. Happy to be stupid and have those thousand percent gains.
Although, most of my holdings are now BTC & XMR.
XMR or Monero, is the best cryptocurrency IMO.
Ledger is totally opaque. Actually works like cash.
Hopeful about ETH tokens rising in value soon? ETH 2.0 is coming later this year, which may shake things up one way or another.
Buying lotto tickets is irrational as well, but the winners are happy. Some speculators end up ok.
As much value has been lost by bitcoin as created (ie, someone bought at $20k and lost at $10k, etc).
I’m glad you made a ton of cash, I hope you can retire. But this volatility is really bad for currency.
For example, the current ATH was nearly $20k, and the current price is $9k. If you were unlucky enough to buy at ATH, you are down to 40%. Thats still not that bad situation - for example with stocks it is easy to find bets where you lose 90%.
Have now bought a house each for pretty much all my close friends and family members.