Despite the crypto crisis, the French are not discouraged

The current situation in the sector seems to be causing many investors to withdraw. However, the French are not part of this group.

A lesson to learn, but nothing to panic about

The cryptosphere is struggling to recover from the sharp decline in cryptocurrencies and is keeping a close eye on value curves. Some investors, who have lost their savings, resell their tokens before completely withdrawing from the industry. The French also suffered from the situation, but their enthusiasm did not disappear.

According to an article by BFM, most of them have seen half of their wallets melt like snow in the sun, but they plan to get revenge in the future. One of the investors interviewed, named Nicolas, has lost a lot during the crisis, but he is not discouraged.

I told myself I was going to invest money that I was about to lose. I put 100 euros more to get to 200 euros, then I gradually came to 250 euros, I had made a capital gain of a few euros. But last week, with the crypto crash, my wallet was cut in half. Unlike my relatives who now decide to bet their Livret A savings or part of their profit sharing or their participation in cryptocurrencies, I prefer to remain cautious with the amounts. Last week I even saw my portfolio halve, but I remain confident in this market.

Interview with Nicolas conducted by BFM

In fact, according to a respondent named Etienne, the crisis would be an excellent lesson to better choose future investments.

I lost some money on LUNA, where I also made nice profits. It would have been largely devastating to me if it had happened a month earlier. Above all, I learned a lot about risk management. I am and will be a little more careful with this event, that’s for sure. I lost money, but most of all I learned.

Interview of Etienne conducted by BFM

Opinions differ on future crypto investments

Confidence in the cryptocurrency market is a recurring topic. While enthusiasts like Nicolas or the other interviewees say they want to continue investing in crypto, but with much more caution than before, others no longer trust the industry.

According to La Tribune, Bitcoin would fall victim to a “crisis of confidence”. Now subject to the law of the financial markets and much less independent than in its infancy, the little orange coin is seeing the admiration of its investors dwindle. While they relied on digital currencies to escape the traditional market, they are now victims of a real disillusionment that drives them to resell the contents of their crypto wallets.

The macroeconomic backdrop sent shockwaves through the tech sector that dragged cryptos down the drain, confirming that Bitcoin and other digital currencies are not much for inflation.

Victoria Scholar, Analyst and Head of Investment at Interactive Investor

As for the believers of traditional finance, they do not hesitate to flood the crypto world with lessons to restore the confidence of disillusioned investors.

Source: Jorge Stolfi’s Twitter account

The cryptosphere, already weakened by the circumstances, will therefore have to fight on all fronts to rebuild itself and reassure the members of its community.

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