Bit Coin Drops

pickupkid's Avatar
pyramider's Avatar
Of course it is. People that bought in during bitcoin's infancy are cashing out. If one bought in at 8 cents/share, let's say one block with a total investment of $8 can cash out for $1.2M. Capital gains taxes will be ugly but not a bad return on $8.
Think Dutch Tulips in the mid-1600s... May be time to leave this...
Gotyour6's Avatar
Sold mine at 14,000
Not going to keep it.

Bubbles pop

I bought gold at 239 an ounce and sold at 8XX an ounce
It went up to 1500 but I am ok with that.
Think Enron stock
It kept going up up and up

A whole lot of people lost their confy retirement nest egg
bigwill832's Avatar
I wonder how all the Bitcoin fanboys feel now that Goldman Sachs got involved.