I was an early believer. I’ve started exiting before the thing implodes. Too much manipulation. Being turned into a Ponzi scheme in some instances, imho. Good thing I am out of Bitcoin already after what happened the last couple of days.
What happened the last couple days?
I know a guy who got ripped off bad with bitcoin. He bought 15K worth when it was 800 then put them in some worth of multiplier scheme. It was supposed to be worth 670K by now but instead it’s worth zero. I asked why he doesn’t still have the 18 coins he bought for 15K. He says “I gave them to the wrong people”. He apparently didn’t retain ownership of the coins. He still thinks the bitcoin multiplier programs are legit.
The worst part is he put the 15K on credit cards.
Fear and greed is what drives it all.