Quote:
Originally Posted by CoachKandSportsguy
Just a quick crypto update:
Terra Luna - $40 billion of investors money lost
3AC - from $10 billion in assets to bankruptcy
Voyager - owes $1.3 billion to 100,000 creditors
Celsius - owes millions to over 100,000 creditors, files for bankruptcy
with no inherent value behind the letters and numbers, its just another ponzi scheme, and mostly taken advantage by criminals
finance guy
|
I don’t think anyone expects every cryptocurrency of the hundreds of options to be safe and solid. People can lose money in stocks and currencies too. BTC is down more than your SPY and The Dollar but they are all down for the year.
Joe