The information is stuffed with cryptocurrency hacks and rug pulls just about each day. But what about these reputable crypto cash which were round for some time? They’re not doing so sizzling both as of late.

Over the weekend, bitcoin slumped beneath $34,000 for the primary time since January. In truth, it was six months in the past immediately that bitcoin hit an all-time excessive of $68,990. And it’s not simply bitcoin. Almost each cryptocurrency has been struggling in 2022.

What should you purchased your crypto on November 9, when bitcoin hit a document excessive and plenty of widespread media retailers appeared satisfied the world’s hottest crypto was heading to $100,000 or even higher very quickly? We did the maths for the preferred cash, and it’s not a fairly image, with only one exception.

• If you acquire $100 of bitcoin six months in the past, you might have $50.65 of bitcoin proper now.
• If you acquire $100 of ethereum six months in the past, you might have $51.74 of ethereum proper now.
• If you acquire $100 of BNB six months in the past, you might have $53.73 of BNB proper now.
• If you bought $100 of XRP (Ripple) six months in the past, you might have $43.13 of XRP proper now.
• If you acquire $100 of Solana six months in the past, you might have $30.46 of Solana proper now.
• If you acquire $100 of Cardano six months in the past, you might have $33.82 of Cardano proper now.
• If you acquire $100 of Terra Luna six months in the past, you might have $119.49 of Terra Luna proper now.
• If you acquire $100 of Dogecoin six months in the past, you might have $40.82 of Dogecoin proper now.

Where did all of that misplaced cash go? It was cashed out for actual cash by individuals who bought the cryptocurrency sooner than you and bought sooner than you.

Again, there are loads of different cryptocurrency initiatives on the market on the earth. And should you have been fortunate sufficient to search out one and earn a living, good for you. But you’re undoubtedly within the minority, as most retail buyers misplaced cash to cryptocurrency in 2022.

But not everybody has been struggling. The Ethereum Foundation bought 20,000 ether at a value of $4,722.68 per ether on November 11, 2021, raking in over $94.4 million. That was virtually Ethereum’s all-time excessive, $4,891.70, achieved simply a few days earlier on November 9.

Even gamblers know you’re by no means going to beat the home. But that’s not going to cease individuals from making an attempt.