People lost so much money with crypto this year. - bitcoin btcprice
Nowhere near as much as the world lost in legacy financial markets, but it seems to hit harder with crypto. So much fraud and incompetence. So many shenanigans and scams.
It’s one thing to lose money because of your government’s fiscal and monetary policies or the collective decisions of corporations, investment firms, and pension funds.Once we get through the regulation and litigation stage of crypto’s evolution, let’s hope things get better on the other side.Is the contagion contained? Are the exchanges solvent? Is the bottom in?In May, we saw signs of a market bottom for the first time since 2018.In 2011, it took two months to bounce back.
With so much focus on price, we don’t think about value. With so much focus on entries and exits, we don’t appreciate the good things that come from sticking around.Can sustain itself without political violence, military coercion, government intervention, or sovereign debt.
Whether that’s “intrinsic value” or “a scam” is debatable — but it has nothing to do with its price or any scams and thievery people use it for.
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