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Comment by spaceman_2020

The people holding the bag right now mostly got in because of the allure of quick profits. And if they didn't sell even after making incredible (paper) returns, they have their own greed to blame.

Bitcoin was $6,000 in March 2020. It hit $63,000 in April 2021. And if you didn't sell that top, it hit $67,000 again in November 2021.

Even now, it has dropped less than Netflix, a supposed bluechip.

I don't know what's the scam in this - you had plenty of entry opportunities and plenty of exit opportunities. The underlying system itself still works exactly as described.

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