Tuesday, 21st May 2019
Bitcoin – back on the boil….
If Bitcoin were a horse, it looked like one headed for the knackers-yard throughout 2018….
A stellar 2017 had seen the number one crypto ‘go vertical’ and climb in value from less than $1000 to more than $20,000 at its intra-day peak….
Then the bells rang-in 2018 and across the next 12-months 80% of those gains evaporated….
Plenty of fingers got burnt to a crisp. Some fortunes had already been made, but many others had been swiftly lost….
- Missing in action – the bandwagon jockeys….
Lost too were all the foam-at-the-mouth pundits, the celebrity cheerleaders, the freshly minted crypto ‘experts’ and many who had been daring to think of themselves as the new super-rich….
One minute they were shouting and bawling like inebriated monkeys from the back of the bandwagon as it careered along – powered by the rich and heady fuel of hype and speculation….
The next minute they were gone….
As Bitcoin’s fortunes dipped and then went into freefall, this band of crypto zealots slunk off quietly into the shadows….
It was as though the messiah they had been advocating at the top of their lungs had been exposed as a semi-retired plumber from Pontefract….… Click here to read more