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‘ ” - Vinny Zane on the early, rocky days of his crypto investing Over the last two years, I have had a huge loss. I’ll leave it there maybe it will come back up. After about two weeks, I was basically even.

I’ll leave it there maybe it will come back up.’ Over the last two years, I have had a huge loss.” “After about two weeks, I was basically even. “It was dropping by $7,000 to $8,000 a day,” Zane said. He has, after all, already watched his investments implode in 2018. 1 digital asset was last trading below $20,000, down more than 70% from its peak of around $65,000.Īs investors reevaluate their investments in risky assets with talk of recession growing louder and the stock market heading for another week of red, Zane is holding firm. Cryptocurrencies were heading for more dramatic losses over the weekend. Like many other crypto enthusiasts, he is feeling his way through the latest slump in digital currencies, a bear market wrought deep by red-hot inflation, interest-rate hikes and geopolitical uncertainty.

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Cryptocurrency is still the Wild West of investing with multi-million-dollar hacks, which in some cases Zane has managed to dodge by the skin of his teeth.

Zane experienced his first crypto bear market in 2018 when the Securities and Exchange Commission made noises about regulating the space, and he has had a wild, crazy ride ever since. I’ve no idea what I’m buying, but I’m going to keep buying.’ My $25,000 ballooned to $63,000 super-fast. I started FOMO-ing into all these little coins, and everything was doing well at the time. “We’re still fairly new in the cryptocurrency space even though it’s been around for over a decade. “It was a learning curve for me,” he told MarketWatch.