Wonder how much in unreported losses ? https://www.cnbc.com/2022/06/03/crypto-scams-cost-people-more-than-1-billion-since-2021-ftc.html
The fabled "Exit door" is apparently getting smaller..and in some cases, closed at the moment..all adding to panic for a few that probably had no business playing the game anyway. https://www.cnbc.com/2022/06/13/crypto-lender-celsius-pauses-withdrawals-bitcoin-slides.htmlRD2WINAGNBEAR86 said:
Bitcoin down 15 percent just today. Remember the dot.com bust? We are now witnessing the cryptocurrency bust. A lot of folks getting hurt badly. Rough waters ahead in the Biden economy.
Hence, there lies the problem with Crypto. Hype. Pump and dump. Read this week that 19.3 million Bitcoins have been minted so far out of the 21 million maximum mandated by the founder. Will be funny as Hell after they reach 21 million if "they" get together and raise the debt ceiling. The biggest problem with Crypto/ Bitcoin is that we have no idea who "they" is.ABC BEAR said:
If Elon Musk were to announce an interest in adding more Bit to his portfolio, the price would double in 24 hours.