In the United States, Charles Herman, a 29-year-old small business owner in Charleston, S.C., became obsessed with virtual currencies last September. He said he now felt like he had wasted 10 months of his life trying to play the markets.
Much of the anger that investors feel is toward the smaller virtual currencies, or alt coins, that entrepreneurs sold in so-called initial coin offerings. These coins were supposed to serve as payment mechanisms for new software the entrepreneurs were building. Bitcoin has generally held on better with investors. It is down about 70 percent from all-time highs, rather than the 90-percent losses that lesser-known digital tokens have suffered. But it, too, has struggled to win much usage beyond speculative investments.
"There's just so much more behind this new wave of technology and innovation that I'm sure will take over our society in due time," Mr. Yoo said.That thinking has been encouraged by the people who invested in Bitcoin in 2013, when it first topped $1,000. That bull market was followed by a crash in which the price of Bitcoin dropped more than 80 percent. But after a long fallow period, the price recovered.
the media hates bitcoin and the crypto space. tell us something we don’t know
First of all, a distinction must be made between trading, speculating and investing. Second of all, crypto tokens of different kinds are not investments...
Bitcoin is severely under valued. A 10,000 for one bitcoin is an insignificant sum of money.
Our mission at is to build the social media platform that ends fake news
“investors”😂
Maria41168395 Ha!
You play with matches you get burned
You should only put money that you can afford to lose in crypto, not everything! The volatility of the market can either make you go home rich or left alone crying. Though you can still find ways to earn profit using crypto.
Womp womp
Some fiat investors learned hard lessons from the stock market boom. See i can do it to.
Any financial investments have fraud scam issues! What's worst is the auto tax deduction from paycheck then spent on expenditures by corrupt greedy politicians! Scammers are everywhere regardless / FinancialLiteracy SmarterLiving Cryptocurrency 🔥Litecoin LitecoinFam
is somewhat culpable by discussing crypto at all and bringing on crypto pumpers, like Mike Lee, and making people gamble with them.
Do not call them investors, bitcoin is pure speculation/gambling
You should cover the other side too cnbc . Pretty happy with my gains as they were life changing. Some win, some loose just as in stocks, business and every other aspect in life.
AustinBryant1 us
Same with dot com “boom”, house “boom,” etc. Good story bro 🙄
This is just another example of why its important for high schools to teach personal finance and it should be mandatory for college degrees.
Best way to go broke is to try and get rich quick.
Btc has lost 90% of its value 9 times. Saddle up pussies, it’s gonna be a bumpy ride. And don’t invest more than you can afford to lose like this fool
Exactly why I continue to be a skeptic on crypto despite all the hype!
These people are absolute idiots.
WHY repost last year article?
I lost everything I had the day Bitcoin fell from $20k. My house, car, job, family, friends whose money I borrowed to invest in bitcoin and the alts. HODL though cuz I will be back on top soon
Change your headline to “Crypto for Amateurs”
Cryptogamblers are suckers
Bitcoin is the most amazing technological feat since the WWW itself. Unfortunately it's surrounded by bad projects and sometimes downright scammers.
Le dughh
Bottom is in.
They should have listened to Mr. Warren Buffett.
Facts: If you invested in bitcoin any time in history and held 97.5% of investors would be in the green today. Bitcoin is not only the best performing asset this year it is the best performing asset ever. Until this logarithmic chart has been broken I’m all in. Enjoy.
Nothing like a new generation of suckers. The golden rule was always the golden rule: “If it sounds too good to be true, it probably is” - or “A fool and his money are soon parted”
We remember...
Damn , pulling out a story from over a year ago?!? Moral of the story don’t put all your eggs in one basket and don’t gamble with money you don’t share. These investors should follow jimcramer! BooYah.
Catwoman2011 There’s some mj investors who got in at the very highs listening to some tv gurus feel the same damn way. Fortunately not me ... y’all need to apologize
Yeah if you invest in chains/networks that are not used, you will lose money. Bitcoin is the only value network with legitimate activity. People buy these other crap coins hoping for a 10,000x gain and its never going to happen.
Who remembers this picture from over a year ago? Same type of article. I gotta dig that up.
Social411Now I invested a few thousand during the boom. Ended up making enough to cover my rent for a few months, which I was more than happy with.
Diversify. No single exposure should be large enough to ruin anyone.
I started mining and then got out pretty early. It was fun while it lasted.
“Investors”
There were average about 120$ invest in cryptocurrency on the top in december 2017 for 1 person ,this is now about 35$,don't invest more then you could afford to loose.
You will live and learn people are really dumb and stupid for very quick deals
It’s a year old and it’s still hilarious.
so stop buying chart tops
ARTICLE FROM MON, AUG 20 2018
Um this is from AUG 2018.. zzzzz
Yeah same thing is going to happen this year too; that Asian dude is going to look dumb buying at the top again and cover this segment once more XD
Man loses $19,000 trading when he had no education, just followed Zack’s morning emails, and no experience and dumped enough into an investment to risk for quick money and was wrong. Sounds like the same book but different chapter of many traders trying to learn unfortunately.
Cnbc... you know this is one-year old right?
Simple rules: Thou shall not FOMO BTFD Hodl Live by those and you should be good..
They should have listened to HSRadioshow
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