Forget about Bitcoin. What saddens me the most is that most of the AI based token can't even outperform shitcoins aka memecoins. Just look at the CMC market chart. I am aware of the fact that the market is in a tough position right now, and every altcoins are bleeding because of it. But if look at it carefully, you'll notice these AI based tokens are suffering more compared to shitcoins.
After the fall of ETH from 3k to 2k, my portfolio suffered 70% lose. And you won't believe what I had in there. I carefully choose utility based AI projects that had the potential to outperform shitcoins or other altcoins.
The way I see it, big whales, influencers, investors manipulating altcoins market. Spreading news, making hype, increasing price and stuff like that. This created big demand for these memecoins without any real utility. So all the liquidity went to these projects instead of AI based projects. And when the price rose, these big shots rugged pulled everything making big profits. But those who followed them blindly lost everything (my personal point of view).
I personally don't believe in anything hyped up that will survive for long, be it altcoins, shitcoins, or the AI coin.
And if we look at AI coins, it is one of the most hyped things in the market at this time, and that is why I have refrained from investing in it. But that doesn't mean I don't have any losses. If I were to calculate the loss on my altcoin investment, it would be over 80%. haha. In that sense, you are in a better position than me.
However, I have only made a profit so far from my Bitcoin investment, although if I had sold a few days ago, the profit would have been more than 10%. Anyway, I don't have a headache about this, the Bitcoin market will definitely recover.
And if I want to talk about those who invested in AI coins based on only hype and thought that they would also recover, then I would say come out of your dream world, dude.