It will be the face of their first lesson in how ugly badly regulated markets can actually get.
When people start losing money on the scale that it's currently being made, the tide will turn and the stench left behind by the corpses rotting on the high tide line will remain in the stupid little noses of these fools for a very long time. One novice "investor" friend of mine has bought into some company offering monthly income on bitcoin despite all my protestations and warnings about investing in this space. There is no better warning sign of a Ponzi scheme than when new investors are being offered income. Currencies aren't an income producing asset class. Hurry hurry....line up, line up I'm offering an annuity on the AUD:USD pair, be quick or you'll miss out on this life time offer. Esh
NST Price at posting:
$5.84 Sentiment: Hold Disclosure: Not Held
(20min delay)
