is providing LP a bad financial move?

THORChainTHORChain
$2.48
‑2.09%
self.THORChain13d ago
hi friends, I used to just hodl btc but decided to do some LP after learning about thorchain. I did it because I think thorchain provides a useful service and I want to see the project succeed. However, financially, it's been a bad move and I lost a lot of money. I put 0.82 btc in and now I have 0.6 btc redeemable. This got me thinking about LP, since it by design takes more valuable coins out of the pool, it is always bad for LP provider, right?