Any big con needs folks to make big money early on. Of course, those who could push themselves away from the table in time still made out.
I got my chunk of it. I bought BTC when it was $10 a coin. Used it often for online trading, and when it started getting to ~$15K a coin, I cashed out. At that point I had fractional shares in BTC, but I still net a decent sum.
Most of that decision was based around IRS changing reporting requirements. I have enough to deal with calculating capital gains. I didn’t want to have to try to make sense of regulations when I needed USD. We took the tax “hit” and used the cash to pay off some debts. Worth it.
The wife watches Dr. Phil......so by osmosis so do I occasionally.
A few months ago he had several “knowledgeable” people on discussing the pros and cons of crypto.
The 3 that were pro crypto were young and cocky to say the least....two of ‘em had these little smirks on their faces like they knew something no one else did. The third was a female and she was all in your face obnoxious about it, loke if your not into crypto your just too stupid.
The one guy that was warning about why NOT to get into crypto asked those 3 a few pointed questions, all the 3 yutes could do was be smartasses and insult the man......if they were selling crypto, it wasn’t a very good sales pitch.
At the end dr Phil admitted he was as lost on the subject as he was at the beginning of the show.......it was a scene man.
As with conventional gambling I like to say I can piss my money away just fine on my own....I don’t need any help.
SMH