Basically I knew some friends who had this kind of money that invested at the beginning of 2017 and another that invested at the end of the year.
It was all their savings and it was earning bad interest in the bank and they wanted to put the money to work. They all invested in 2008 in the stock market and lost it all and wanted to try something different.
The guy who invested the $50,000, he made probably $750,000 at one point and then he kept rebuying the alts he sold and eventually a few months back he sold everything and cashed out his original $50,000.
The who invested $50,000 in December is very bitter because his net worth now is like $5,000 and he hasn't sold yet. He told me he is waiting until it goes back up to like $25,000 and he will cash out then and never look back.