Quote:
Originally Posted by Eleazar
It's amazing how you read about the Bitcoin market from Bitcoin enthusiasts and even as the currency is roller coastering up and down, crashing by 100% in a matter of days, no one is losing. Everyone is making money. From the big banks to the cheeto-fingered laptop jockeys, everyone is making a killing and the money is coming from no one.
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I'm not sure what you're calling a 100% crash, but the crypto market is up ~2400% from one year ago, as of today. And that's including losing almost 50% of the overall marketcap over the past 10 days. So, yeah, it's incredibly volatile, as any reasonable investor will tell you, but a lot of people are still way up on their portfolio overall, with the insane growth over the past year.