According to a Glassnode report, the Bitcoin crash has been hard on investors, and 40% of them are now underwater. This is just the latest in a string of bad news for the crypto world, which has seen several consecutive lows in recent weeks.

Wednesday morning, May 11, the news broke that Terra’s Luna (TerraUSD) cryptocurrency is down 87% in just 24 hours. Its UST stablecoin plummeted to 29 cents, but it should have been $1.

Crypto is notorious for being one of the most volatile assets globally. What was supposed to maintain a $1 peg — A “STABLECOIN” — is now the lowest it has ever been. What’s so “stable” about that?

Additionally, at the beginning of the week, Bitcoin dropped below $31,000, nearly 55% from its November peak.

Analysts at Glassnode also noticed an increase in “urgent transactions” during this most recent sell-off. Investors paid more significant costs to speed up transaction times. Over the previous week, the total worth of all on-chain transaction fees paid was 3.07 bitcoin, the highest in history.

Look, this is further proof that Bitcoin and other cryptocurrencies are not investments you can count on. The instability of crypto markets is well-documented, and investors should be wary of putting their money into something so unreliable.

What Bitcoin investors being underwater teaches about rethinking investments

If you’re thinking about investing in Bitcoin, my advice is to reconsider. To avoid becoming just another Bitcoin investor underwater, do your research and prepare yourself for possibly losing your investment.

There are much better ways to invest, make money, and grow your income. I’m talking about solid ways to invest in tangible assets that can double, triple, or 10X your wealth for the long term.

You can learn where to invest your time and money when joining us for the 10X Boot Camp Interactive:

  • Create a strategic plan for success.
  • Build a reliable foundation for generating millions of dollars.
  • And have a process when challenges come up.

Success is your duty. Don’t rely on stuff that isn’t certain or worth your valuable time. Join me for 10X Boot Camp Interactive to get the real tools to succeed in any economy.

Disclosure: This content is intended to be used for educational and informational purposes only. Individual results may vary. You should perform your own due diligence and seek the advice from a professional to verify any information on our website or materials that you are relying upon if you choose to make an investment or business decision. Investment, real estate, and business involve great risk and there is no guarantee of performance or results.

We are not attorneys, investment advisers, accountants, tax professionals or financial advisers and any of the content presented should not be taken as professional advice.  We recommend seeking the advice of financial professional before you invest, and we accept no liability whatsoever for any loss or damage you may incur.

Previous articleHow to Analyze Your Target Market Effectively
Next articleAre You Suppressed?
Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.