cryptonewsAustralia.May has been definitely one of the craziest and most volatile months for the crypto market so far in 2021.
There are several possible reasons why the market has shaken so much. The previous bull run attracted new traders and investors entering the crypto world, sometimes without any proper training and buying at the top of the market.
With so much happening, some crypto traders have taken their stories to Reddit, especially sharing their frustrations and to blow off some steam.
Some Lost Everything
Some traders were hit hard by the crypto crash — seeing even 50% of their portfolio vanished, losing life savings, the chance to pay their houses, car, or even rent.
One user shared his story on how he and his wife lost 50% in their total investments, and now they can’t buy a car and their dreams of being homeowners will be put on hold — and to complete the picture, they have a baby incoming.
However, despite the adversity, they still don’t plan to sell.
As with ALL types of investments there is RISK... rule number one..only put in what you can afford to loose!
