The cryptocurrency market plummeted, many coins lost more than half of their value, but some stylish investors still “pick up” Bitcoin to keep their accounts.
The crypto market is entering its longest bleak season of the year. Many investors have been split in half, divided into three accounts compared to less than a month ago. However, some others remain unaffected by placing their faith in Bitcoin.
Most other coins are plunging uncontrollably, but Bitcoin has only lost about 25% of its value since $40,000, so long-term investors holding the majority of BTC are still struggling.
When GMT hit $2.8, this investor quickly took profits, selling more than three-quarters of his investment. “I still regret because a few days after GMT, the price jumped to 3.5 USD, sometimes to 4 USD,” said Mr. H. More than a month ago, his portfolio was about 30%. . for Bitcoin, a similar part is for the emerging GMT coin, the rest is for some potential projects like Near, Solana.
Although inclined to long-term investment, this investor could not escape the FOMO (Fear of Failure) mentality when jumping in to buy Dogecoin at the time when billionaire Elon Musk closed to buy back Twitter. Doge could be predicted to rally to $0.16, but the Tesla boss-backed coin has since fallen sharply by the general market.
Currently, Doge is only 1/2 of the expected price, GMT has lost 1/3 of its price, Solana has also been split in half, but Mr. H’s account is still due to half of his investment in Bitcoin.
Because before that, profits from GMT were all invested by Mr. H. in Bitcoin at a time when the world’s most popular coin was at $29,000. As of this morning, Bitcoin increased slightly to $ 30,312, his account “green” increased slightly.
Similarly, Ms. U. (District 1, HCMC) spends more than half of her money on Bitcoin, 25% on Ethereum, the rest is used for “surfing”. When the market entered its current hibernation, most of ETH and Mrs. U.’s surf fund halved or tripled, but the amount of money pouring into BTC has not been affected to a worrying level. .
In fact, the current loss of Ms. U. only affects a few percent of the original capital. The money she lost when the market went down was mainly the profits she made in the past.
As of this afternoon, May 30, Bitcoin and digital currencies increased slightly compared to 24 hours ago. Passing the $30,000 mark, BTC is up 4.77% from yesterday, popular coins like Ethereum, BNB, Solana, ADA, Dogecoin, Near, GMT. Of these, only BTC is up 0.44% from 7 days ago – an indicator of a recovery, the rest remains negative. Of the big gainers over the past 24 hours, GMT was the most active – reaching 32.15%.