Ten Contacts All in Crypto Losses — Exercise Caution

I asked ten people how much profit they made in crypto; all ten said they had no gains and were sitting at losses. Their investments ranged from 5 million to 50 million up to 1 billion (currency unspecified), and none reported being profitable.

This is an anecdotal but telling snapshot: retail participants I spoke to are largely underwater, which highlights high volatility, poor timing, or inadequate risk management. It suggests the market is harsh for many smaller investors right now.

Given this, I’m cautious about buying into the same environment without clearer signs of a trend reversal and stronger risk controls.