If you only learn one thing from this article, let it be this: you are very unlikely to get accurate crypto investment advice from me or any of your friends.
All I can see is red.
Wednesday was a very rough day for individuals involved in the cryptocurrency space. Many people who bought into the hype of assets that supposedly only go up were brought back to earth as bitcoin plunged from $43,000 at 12 am to $30,000 by 2 pm on the same day—a 30% drop.
“Get out of bitcoin before bitcoin swallows you.” “I stepped in with a thousand, next thing I know, ego my dollars [became] 50 dollars. I nearly lost my mind.”
These were the words of Nigerian musician Speed Darlington in a video that surfaced on social media this week. It accurately describes how most people felt, especially those who had bought into cryptocurrencies for