A representation of bitcoin is seen in front of a stock graph in this illustration taken May 19, 2021. REUTERS/Dado Ruvic/File Photo
"I had about 40 coins and then I came down to 20 coins then I came down to 10 coins, came down to five coins and now I'm down to the last two coins, and it's bitcoin and ripple XRP," he says.For many retail traders and investors, enough is enough. "This is not the winter season anymore, this is a bloodbath, because the FTX crisis was like a domino that toppled so many companies," said Linda Obi, a crypto investor in the Nigerian city of Lagos who works at blockchain firm Zenith Chain.
"People don't research, and just jump in, and that should change. We have started to have serious conversations around how we can actually sanitize and advertise the space."Crypto retail investors losing money is nothing new. A study from the Bank of International Settlements , conducted between 2015 and 2022, estimated that 73% to 81% likely lost money on their investments in cryptocurrencies.
BIS researchers said blockchain data analysis found that the largest holders of bitcoin often sold while smaller players were buying, "making a return at the smaller users' expense".
CalvinAyre Pretty sure Reuters was dogpiling on top of other mainstream news outlets calling for $300,000 bitcoin not too long ago lol
The guy the article discussed in the first portion lost money due to poor trading, and would have regardless of the market health.
you mean crypto bloodbath
my twitter phone app newsfeed is now mostly Elon loving, religious right, crypto (especially doge) pushers... if Twitter wants to be seen as the real news media, should people commenting be treated the same as media writers by the SEC rules?
Bitcoin at 17k is on same level as 3 months ago
People are waking up to ponzi/mlm scheme that Crypto has always been.
Gold crash 990
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