Bet on Bitcoin has already generated a loss of $12 million for El Salvador
https://ift.tt/3qsjyR3
When something is an actual bad investment, usually we have the coroner pronounce time of death to make sure it doesn’t rebound. Anything relating to Madoff, the tons of shitcoin rugpulls, [Pets.com](https://Pets.com), and so many more obvious scams – these are things that DIED.
So why do people continually try to say BTC has no pulse when it literally made multiple ATHs last year, with the most recent one 2 months ago, in a not-unsurprising-pattern that it’s done for over 10 years? Goes up, comes down, goes even higher, comes down a bit less than before, repeat. Trying to say something is a failure (which is the implication; otherwise why give 2 shits about El Salvador’s paper loss) after just a few months is thirsty.
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When the price dipped to $30k last year, despite that being higher than SOY, it was bloody murder and end of days from the media. Then it hit $69k, and now apparently $43k means “see, it was a bad investment” (despite up 35% from that “crash”).
When it hits $100k and drops to $70k after, the same people will come back and say “See, you shouldn’t have put any money in, you’re down 30%!” while not realizing at all that those who bought in @ $30k are more than double their worth.
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Here’s how you tell what a real scam is: *is the media reporting it as a scam?* Yes -> not a scam.
People with money don’t identify scams to help others. They keep them quiet so they can siphon more off of it. They identify a “scam” only when they’re salty they missed the boat, and the longer the asset/stock/whatever lives the more obvious it is they are lying.
Cryptocurrency
