Quote from: GreatArkansas on Today at 01:35:13 AM

Quote from: LDL on December 11, 2022, 11:29:17 PM

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The above shameful scam has completely negative impact on the Bitcoin market in 2022. We all hope that such incidents do not happen in cryptocurrencies in the coming years.

I believe that there are some advantages and disadvantages to what happened right now in the cryptocurrency space and all those huge losses too.
For me, cycles like the bull market and the bear market got this part where there are loses or scam that came out even last before the bear market in 2018 when a lot of projects turned into scams or some Ponzi schemes exploded as the bear market commence.
So for now, it's another level and the number is huge compared to before. For me, this is just a part, the market is cleaning up the market itself.

We can look at it that way but there are just retailers that also lost a lot of money which they can assume was stolen from them because of these bloody events. These bloody events as well are somehow not very coincident.

Investors can only look at this bear market to be an opportunity to make millions when they have money but for those who have lost because of these scams, it is a horrible nightmare. Not very sure if this is about to end actually.