I’ve spoken to many who’ve made a fortune on paper (or on their computer screen) from bitcoin, but none who’ve successfully cashed in their chips. And I use the casino analogy advisedly. One told me that his £45,000 investment supposedly rose to over £2m, then went down to £30,000. Could he have taken the £2m and run? Sorry, I think not. If everyone did, the whole algorithm would come crashing down. Like many a get-rich-quick scheme before it, the whole thing relies on more coming in at the bottom than goes out at the top. I’d say.
“US Justice’s largest ever financial seizure sees two arrests over $3.6bn stolen crypto”
I make a point of never recommending anything which is a)unregulated or b) I don’t understand and can’t explain. And here’s proof, were it ever needed, that crypto-bitcoins fall firmly into both categories…
