Wow, looks like I am really leading a life of salted vegetable. My old curse of stocks plummeting immediately after I bought them, seems to extend into my first venture into Crypto currency. I got my first bitcoin in at around US$110,000 and the price has since plunged to US$86,800 as at November 23, 2025. This is a startling loss of around <-21%>. One fifth of my investment vaporised within a month it seems. I thought that Bitcoin is easy to invest in as there is no financial statements of a company that one needs to go through. Just go with trending and gut feel. With US dollars doomed and going to depreciate, I thought that Bitcoin, with its limited supply, will surely rise in value overtime. Additionally, with so many institutional players now offering Bitcoin products and corporations buying Bitcoin, its value like our Singapore car COEs will only appreciate over time. Well, how wrong I was and it crashed almost immediately. How low can Bitcoin go from here? Many folks have different estimate that range widely from US$25K to US$80K.
Well good thing about Crypto trading is that one can buy in fraction. While my loss in percentage is staggering, my monetary loss is S$40 as I invested only S$200. I have since added another S$200 into Bitcoin to average down. I am currently using Independent Reserve platform to buy Bitcoin, will try to withdraw some cash out first to test its authenticity. Recently heard of too many investment scams.
No comments:
Post a Comment