Optimists in the midst of crypto winter

 As the price of cryptocurrencies has dropped dozens of times this year, there is growing division.

Even though the market is entering winter, people like Larsen still believe in the prospects of cryptocurrencies, and believe that blockchain technology will change areas such as medicine or real estate.

Some bet on cryptocurrencies and accept to lose their investment. Maria Saavedra, 31, a software testing engineer now living in California, said she considers most cryptocurrencies to be assets that are inflated to value and that they are also illegal. But in March when the market went down, she changed her mind and spent $8,000 to buy the two largest tokens today by market capitalization, Bitcoin and Ethereum. “This is the best period to buy cryptocurrencies on the cheap,” she said.

Similarly, Zachary Bertucci, 25, who works in real estate in Chicago, says 10% of his portfolio is devoted to Ethereum and lesser-known cryptocurrencies like Chainlink and Polygon. He started buying cryptocurrencies in September last year and has kept them ever since. Bertucci's investment is currently losing 50% of its value, but he said he will continue to buy more instead of selling. "I accept the money disappears, or triples, then I will sell," Bertucci shared.

However, not all crypto believers are optimistic amid the bear market. Jack Wang, 32 years old, once spent 250,000 USD to exchange for TerraUSD (UST). When UST lost most of its value in May, his money also evaporated. He went to Reddit to share stories with investors - who even contemplated suicide because of losing all their assets. In early July, he booked a plane ticket to Carolina to rest and forget the incident, as well as decide not to touch this unstable currency anymore.

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