Crypto Winters: A Small History of People Losing Their Money With Style

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  Crypto Winters: A Small History of People Losing Their Money With Style Okay so. Every few years, Bitcoin decide it want to die. Not really die, just... take a big nap and make everybody cry a little. People in internet call this "crypto winter," which is fancy way of saying "number go down a lot and your uncle who bought at the top is now very quiet at family dinner." There is not just one winter. There is four of them, like some cursed video game with four bosses, each one bigger and more embarrassing than last. Let's go through them, one by one, so next time somebody at party say "crypto is dead again" you can nod like professor. Winter #1 (2011–2012) — The Baby Winter Bitcoin go from about $30 down to $2. Yes, two dollars. Feels almost cute now, like watching a toddler fall off a very small chair. Why this happen? Honestly, the whole thing was held together with tape and hope. Market was tiny, nobody really trusted it, and exchanges w...
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