{"id":127808,"date":"2022-06-14T17:43:11","date_gmt":"2022-06-14T17:43:11","guid":{"rendered":"https:\/\/fin2me.com\/?p=127808"},"modified":"2022-06-14T17:43:11","modified_gmt":"2022-06-14T17:43:11","slug":"early-bitcoin-investor-feels-pain-of-crypto-crash-nervous-but-market-recovers-in-long-term","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/early-bitcoin-investor-feels-pain-of-crypto-crash-nervous-but-market-recovers-in-long-term\/","title":{"rendered":"Early Bitcoin investor feels pain of crypto crash: \u2018Nervous,\u2019 but market \u2018recovers\u2019 in long-term"},"content":{"rendered":"

<\/picture> video<\/span> <\/p>\n

Bitcoin investor: Cryptocurrency still a \u2018long-term investment\u2019<\/h2>\n

Bitcoin investor Nikki Beesetti says the crypto crash makes her \u2018nervous,\u2019 but forecasts the market will \u2018recover\u2019 in the long term.\u00a0<\/p>\n

Early bitcoin investor Nikki Beesetti stressed that the crypto market crash made her "nervous," but forecasted the market will "recover" in the long term.<\/p>\n

"My portfolio has tanked quite a bit…I think partly it's due to everything that's happening in crypto right now," Beesetti told "Varney & Co.," Tuesday.<\/p>\n

"However, I still see crypto as a long-term investment…I'm keeping on to my portfolio and my crypto holdings."<\/p>\n

Her comments come on the heels of bitcoin slipping to a new 52-week low of $22,601.69 per coin on Monday, before bouncing higher, as some investors ditch crypto amid recent market volatility. <\/br><\/br><\/p>\n

BITCOIN PLUNGES BELOW $24K AS HEADWINDS MOUNT<\/strong><\/p>\n

Beesetti said, despite bitcoin and other cryptos plummeting, she still stands by the currency as she continues to invest.<\/p>\n

"I would say I am…nervous and uncomfortable…In the history of crypto, you always see these dips happening; however they recover in the long term," she explained.<\/br><\/br><\/p>\n

"I'm hoping that in the long term, this will be a good investment."<\/p>\n

<\/picture> video<\/span> <\/p>\n

Stocks fall as inflation, rate hike worries mount<\/h2>\n

FOX Business’ Stuart Varney and Susan Li discusses the top market stories as trading begins.<\/p>\n

Last year, the early bitcoin investor joined "Varney & Co.," to provide insight into how she used a single bitcoin investment to fund her entire second semester of college. <\/p>\n

"I was able to buy one bitcoin with $2,000 which ended up turning out to be $19,000 by the end of 2017," she told FOX Business’ Stuart Varney in January 2021. <\/p>\n

"And that was just enough for me to pay my tuition."<\/p>\n

Now, Beesetti noted that, although the market has crashed – which is contending with scorching-hot inflation –  she said it’s "hard" for her to sell out, but would consider "once crypto spikes back up."<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/u><\/strong><\/p>\n

She added that her investing in cryptocurrencies has made her "tens of thousands of dollars," but said, since the market crash, she’s down to "several thousands."<\/p>\n

FOX Business' Lucas Manfredi contributed to this report. <\/i><\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

video Bitcoin investor: Cryptocurrency still a \u2018long-term investment\u2019 Bitcoin investor Nikki Beesetti says the crypto crash makes her \u2018nervous,\u2019 but forecasts the market will \u2018recover\u2019 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nEarly Bitcoin investor feels pain of crypto crash: \u2018Nervous,\u2019 but market \u2018recovers\u2019 in long-term - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/early-bitcoin-investor-feels-pain-of-crypto-crash-nervous-but-market-recovers-in-long-term\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Early Bitcoin investor feels pain of crypto crash: \u2018Nervous,\u2019 but market \u2018recovers\u2019 in long-term - 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