Why Retail Investors Lose Money
July 29, 2022 ⚊ 1 Min read ⚊ Views 110 ⚊ BUSINESS
The concept of Astralis first came to me during the bull market of 2017
China had announced they were banning ICO’s and the market had dropped considerably. For those who were involved in cryptocurrencies at the time, ICO’s always seemed like a bubble but following the price drop, Bitcoin recovered very swiftly and the ICO boom continued that year.
By the end of 2017, the total market cap of the industry peaked at almost $800 billion with Bitcoin touching $20,000 per coin. Everything seemed to be moving perfectly until the great crash. Bitcoin plummeted, as did the wider market, and what seemed to be the slowest year ever for crypto ensued. The year 2018 felt like a never-ending abyss for all that were involved. We were in a bear market.
Tags: Finance, investing, money, savings, Wealth
