I guess because of multiple reasons.
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Bad spot is relative when you in since like 2016 and ethereum when it was 10 dollars.
Sure. That is typically not how people discuss price action. Nike is going through some things but people that have held shares since they wanted to be like Mike are still in the cat bird seat.
I have no underlying conviction one way or another where crypto goes long term. I do think that we’re going through a period of global socioeconomic upheaval which is a scenario that most maximalists I know were sure that it would perform well. Instead it’s the precious metal mainstays that have done so in this period. 
Bit coin looking at peaks and valleys only. With a averaged MPY between each.
Whats crazy starting in 2016 to today.
The valleys are an average of 65% APY
Peaks are average of 78% APY
SNP500 is only 12%
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Interesting post I ran into on LinkedIn
Don’t look now, but the five-year return on bitcoin is the same as the five-year return on the S&P 500 and well below the return on gold. Bitcoin has also been a lot more volatile than either of them. If you ask me, it has further to fall.
Let’s have a look at the numbers on five-year returns from earlier this morning:
+168% gold
+87% Nikkei 225
+77% bitcoin
+77% S&P 500
+75% DAX
+20% ethereum
+18% Russell 2000
And here’s the number of times each one fell 20% from peak to trough during that period (by my count):
0 gold
1 DAX
1 Nikkei 225
2 Russell 2000
2 S&P 500
9 bitcoin
13 ethereum
Volatility, thy name is crypto.
The outlook isn’t great, either. There wasn’t any big crypto-specific news before bitcoin’s tumble, and gold hasn’t matched its drop. Chances are, a big holder of bitcoin started selling and set off the equivalent of a bank run. But there’s no authority to step in and stop the bleeding.
And those last 2 sentences are what make Crypto investment so risky for people just getting into it
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Dan Ives interview on The Street.
Only 13 minutes long, but the rapid-fire segment at the end is especially good. I am very long on Palantir as well.
”Dan Ives (full name Daniel Ives) is a prominent Wall Street technology analyst. He serves as Managing Director and Senior Equity Research Analyst covering the technology sector (with a focus on software) at Wedbush Securities, where he has worked since 2018. He also holds the position of Global Head of Technology Research at the firm.He has been a tech analyst on Wall Street for over 25 years, previously spending 16 years as a Managing Director at FBR Capital Markets, where he focused on areas like enterprise software/hardware, cybersecurity, cloud computing, big data, and mobile technology. Earlier in his career, he worked as a financial analyst at HBO before earning his MBA.Ives is particularly well-known for his bullish outlook on artificial intelligence (AI) and related tech trends—he’s often described as an “AI mega-bull.” He frequently appears on financial media outlets like CNBC, Bloomberg, and others to discuss tech stocks, market moves, and companies such as Apple, Tesla, Microsoft, and others in the AI/software space. For example, he recently commented on software stock sell-offs (sometimes calling them “software Armageddon”) as buying opportunities or “garage sales,” and he’s optimistic about AI’s long-term growth.”