And many of them are now broke.
There is a security guard I know, who had his investments in crypto. I told him that he should be transferring any gains into commodities. He told me that crypto was a perfectly safe investment, because it was free from government.
Take heart, Hollywood celebrities! I’m about to introduce a new cryptocurrency. It’s called the “Woke-o”. Each unit of Woke-o will cost you $10,000. You won’t make any money with it, of course. Only I’ll be doing that. But you’ll be able to brag to your friends about how hip you are.
Well, now they’re just the piano player in the brothel. They really had no idea what was going on upstairs!
Does anyone really expect celebrities to be experts on the junk they promote.
They read the lines that they are fed. That’s it.
Craptocurrency.
I always look to stupid paid libtard celebrities for financial advice 🤪
Nothing new under the sun.
Whatever.
Ask them why they went to Crypto.
Whatever.
$29k per bitcoin.
that’s 29,000 times more valuable than the dollar
“investors watched hundreds of billions of dollars disappear in a sell-off this month”
so? that’s the function of cryptotulips: make excess liquidity from a grossly inflationary money supply go *poof* ...
Crypto is highly volatile as its still in its early developmental phase. No, that does not mean its a scam, a ponzi scheme, will disappear, etc etc. Its speculative and highly volatile still.....kinda like the internet was in the 90s.
Over time, the good projects will prove to be extremely good investments. Of course plenty of the weaker projects will go to $0.....as will the dollar in time. Right now crypto is in a bear market. Typically, the downturns can be up to 80-85%. The upturns however are far bigger than that. If you have the stomach to ride out the bear market, you can make excellent returns.