Its hard to believe this isn’t a scam when the founders are nowhere to be found.
That just means they’ve gone through denial, anger, and bargaining, and are likely at depression.
The knock-on effects of this on GPU scalpers is pretty delicious as well. 3090’s going for between $800-900 on ebay right now as scalpers try to unload!
Screw 'em, and let them suffer the financial loss.
I’d buy new for the warranty, alone.
Some of those idiots are setting themselves up to lose everything… again.
“It’s heartbreaking,” Roy says, softly. “I hate myself for the fact that I didn’t take it out.”
Note that he doesn’t hate himself for putting all his money into crypto, just that he didn’t liquidate at a high valuation.
I have often wondered what I would have done had I purchased a few bitcoins when they were cheap, say $200 each. I can’t imagine I would have held onto them once they hit $1000 or so but I guess once you are infected by the madness who knows how far you’ll go?
Scuzz
3838
Had I bought crypto at $200 it would have been sold long before it had time to crash. I, like you, would have taken my profit at $1,000, or even $500 and seen myself as lucky. Then I would have cried as it climbed and climbed.
The difference between us and true believers is they would have kept buying. Some would still make a lot of money, but others would have overextended and be climbing the stairs of a tall building about now.
Dejin
3839
Linked from the original article, this article. At least The Bank of England is giving good advice.
On one hand, your own wife with a Master’s Degree indicating it looked like a Ponzi scheme… on the other hand, Internet calling you an alpha. It’s clear what option to take!
/red pilled
How is the wife not filing for divorce?
KevinC
3843
Can’t afford the filing fee after hubby blew all their money.
Strange definition; “alpha” is now about how loyal a follower you are?
fdsaion
3846
There’s certainly some chutzpah in responding to this by saying said creditors shoud’ve taken a buyout from yet another cryptocoin (SharkWare???)
Same as for any investment I think.
I would have held until the value exceeded my input, then I would have sold to the value of my input, and then forgotten about the investment.
E.G, buy $1000 of Bitcoin, then when it gets to $2000, sell $1000, so I have my money back no matter what, then probably leave the bitcoin alone.
I would effectively, at this point, have a free investment.
I’d check on it every 6 months, or set one of those watchers, so that if the drop is ever 10% or more from the value of the day before, sell everything.
So, my “free” $1000 keeps creeping up, gets to $100,000, then suddenly plummets to $80,00, that triggers the sell off.
It has, like so much stuff, been twisted and misused by other people.
One of my friends played with bitcoin mining way back in the day cause the small business he was working for had a bunch of servers he was managing was doing nothing, so he could do it without any impact to the business (sole IT + developer). He got 8 or so bitcoins in that time, but then the price went down and he stopped and never thought about it again.
Then suddenly bitcoin hit $1.8k and he remembered he had it, so he dug up his wallet info, sold it off and made an easy $11k+. When the price went up even further he had no regrets because he realized the only reason he made $11k was because he forgot about it, and if he was actively watching it he probably would have sold it earlier when it was worth $2k total.
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