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November 30, 2018

Bitcoin Slumps Sub $4,000 and Loses 36% in November

It was on December 17, 2017, when Bitcoin reached its highest value to date, hitting almost $20,000 and promoting a number of people to take double mortgages on their houses. It was a true, unadulterated Bitcoin rush. Quite the rush indeed, with people getting gripped by the “fear of missing out”, a known economic misconception that will now cost them dearly.

A Danish company predicted in the past that Bitcoin could reach the enviable $100,000 in net value, but this has been dashed as the value of the coin has slipped below what is reasonable. Dashed is the six-figure value of Bitcoin. And dashed are the hopes of many to become instant millionaires.

Of course, there are [...]

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End of the line!
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