Admittedly, I know nothing about BitCoin, but it has seemed to me to be a fleecing just waiting to happen.
I have no sympathy for idiots that do santa clause or bit coin. I am very familiar with this scam and I want to assure you that it is bull $hit and tulip bulbs. The human mind is so easily duped into insane stupidity as when they voted for obama but here it takes their money and future and grinds it into nothingness, If you have bit coin do your best to get some of your money out . It is very difficult but hang in there until actual money is retrieved. This illusion is going to zero value quickly.
I have no opinion or stake in this game, but considering that Bitcoin was considered to be a “bubble” when it was at $100, and likewise at $1000, I am not sure I would call dropping back to “only” $10k to be an “apocalypse”
Knew this was coming.
Two words that should probably never go together.
crypto & currency
Ripple was down.
I take it this one is not the Champagne of cryptos.
Brave gamblers may have won big on this stuff in the last year... that’s cool. It’s always smelled too risky for my blood, so I’ve refrained. I’ll stick with my more traditional investment style.
This was inevitable, once the “stupid money” came in following massive media end-of-year hype.
Beware currency speculation. This isn’t anything new, even if it’s in a shiny new wrapper. As a medium of exchange it’s fine: buy it, use it, and take home whatever you bought with it. As an investment, not so much.