Too late for many noobs who thought crypto was an answer to everyones probems.
They've all bought way high and are holidng bags now... the warnings have been flashing for months now. Just look at the chart, down 55% in last 6 months... all that cult following 'buy the dip' behaviour didn't work out eh bitcoin maxis?
Bitcoin is useless and unstable. At least stocks produce something / dividends.
Bitcoin is no inflation hedge
Bitcoin is no store of value
Bitcoin is not a useful as a currency
Bitcoin is not digital gold
Bitcoin is the ultimate ponzi scheme and it's finally unravelling. Miners will cease, as it's unprofitable at these levels. The whole show is heading for the trash can.
Back to the 3k to 8k range. Many will be wiped out from this.
Final thought: "at least gold can't evaporate in minutes".
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