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Who Gets Hurt in the Next Bitcoin Crash?

The recurring pump and dump of bitcoin, its ability to make and break fortunes, are matters of concern. First and foremost is who gets hurt in the next bitcoin crash? https://youtu.be/cNHyu5HiQzw

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By: www.ProfitableInvestingTips.com
http://profitableinvestingtips.com/profitable-investing-
tips/who-gets-hurt-in-the-next-bitcoin-crash
Bitcoin was invented to make it easy to send money via
the internet. The original intent was to create an
alternative system for payments that was not subject to
any government control but would function as well as
or better than traditional money transfer mechanisms.
After it was introduced in 2009 several things became
apparent. It could be used as a store of value similar to
gold as a hedge against devaluation of traditional
currencies. It could be a convenient way to avoid
paying taxes.
http://profitableinvestingtips.com/profitable-investing-
tips/who-gets-hurt-in-the-next-bitcoin-crash
It was an effective way to transfer money without
government oversight. And, the market for bitcoins
could be manipulated via pump and dump schemes.
What has come to pass is a huge number of
cryptocurrencies whose values are far above the
original bitcoin value and whose valuations fluctuate
widely and dangerously. With this in mind we ask who
gets hurt in the next bitcoin crash.
http://profitableinvestingtips.com/profitable-investing-
tips/who-gets-hurt-in-the-next-bitcoin-crash
Bitcoin and the Value of Nothing
http://profitableinvestingtips.com/profitable-investing-
tips/who-gets-hurt-in-the-next-bitcoin-crash
Bitcoin is both a success story and a disaster waiting in
the wings. When the price of bitcoin starts to rise,
FOMO (fear of missing out) takes over and investors
pile in to buy in anticipation of the next rally. This was
the case in 2017 when it started the year at $1018 and
hit $19,650 on December 15. The disaster happens
when those who were pumping bitcoin as the cure for
all financial ills start to bail out.
http://profitableinvestingtips.com/profitable-investing-
tips/who-gets-hurt-in-the-next-bitcoin-crash
After its high, bitcoin fell to $12,839 by December 29,
$8,547 by February 2, 2018, and $3,400 by December 8,
2018. This scenario repeated itself with a high of
$61,283 in March of 2021 with a fall to $31, 576 in July
followed by a peak of $64,400 on November 12, 2021
and a plunge to $38,375.50 as of February 2, 2022. Now
the talking heads on business shows are saying to
expect bitcoin to hit $100,000 by the end of the year
without saying where it will fall back to.
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Who Gets Hurt in the Next Bitcoin Crash?