Bit coin is a Ponzi scheme. Don't listen to the bit coin shills on here. The newcomers buying into bit coin and driving up the price are just making the early adopters richer.
That's how stupid people are. A sucker is born every minute. But YOU don't have to be one like all the other bit coiners.
The USD is a valid currency because people are required by law to recognize it's value. It has value because the most powerful superpower on the face of the Earth uses it and backs it.
Where does bit coin get its value from? Some computer nerds living in their mothers' basements and Chinese speculators who say it has value? The few online drug dealers who accept it?
If you can't figure out that buying into a totally faith-based economy, with no regulation whatsoever, of a imaginary currency that only exists virtually, through a broker that has no compelling reason to give you any of your money back other than possible negative word-of-mouth, is a bad idea, then maybe you should really consider spending less time speculating on BTC and more time getting remedial education.
I strongly disagree with what you say. if it is a bitcoin ponzi scheme, then now it will not get the loss of the people who bought it at the end of 2017. but in fact people who bought last year really expect the price to recover. if it is a bitcoin Ponzi scheme, then people who bought last year will not experience a downturn like this. in my opinion, you are carried away by emotions when you express your feelings. because you are not happy to see people who are lucky because they bought bitcoin when the price was very cheap a few years ago. you tell people not to spend their time speculating, but there are still many people out there who earn money because they speculate to trade. so in my opinion, all you say is nonsense and people won't believe your words.