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.
True enough. FUD is the driver. That’s a sad story. Particularly the part about his not learning from his expensive post-secondary education.
I got in early because of the concept and practically free and kept the crypto myself. It really does seem like it is going to implode at some point. Especially with the whole BTC vs. BCH right now.
I’m sure there is still money to be made. A sucker’s born every minute.
Bitcoin went from 7800 to 6300 with lots of room to drop. A lot of money vaporized.