Crashing crypto prices spooked some new investors. Others are doubling down
CNN
New investors bought into cryptocurrencies this year looking to make some quick money or to avoid missing out on the next big thing. Now, on the heels of their first big selloff, some are swearing off crypto investing for good, while others are determined to hold on
The 27-year-old office manager in Madison, Wisconsin, had put all of his investments into cryptocurrencies, including bitcoin, ethereum and dogecoin, a joke coin whose rapid ascent he considered entertaining if "ridiculous." That alarmed his father, an experienced investor. "He knew I had all my money in there and he was just like, 'I've seen this before with the dot-com bubble crash, and I don't want to see you lose thousands of dollars,' " McGurn told CNN Business.
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