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Dying man claims he just borrowed $3. K to go all- in on bitcoin amid record highs. Either way, this one won’t end well. Bitcoin exploded past $1,7. Tuesday, taking out new highs as 2.
A man going by the cyber handle gingerbreadfutters, if his post on Reddit is to be believed, isn’t taking profits. No, in fact, just the opposite.
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He says he’s taking out an equity loan of $3. BTCUSD, +1. 4. 6%. Yikes. The catch, he claims, is that he has an undisclosed terminal disease, which frees him up to take such a ridiculous risk. I decided to make my newest lunge, using what equity I have accrued on my estate over the past 1.
If bitcoin reaches the 1. I see as a distinct possibility, or I would not have taken such a risk — I plan on moving to the West Coast and getting away from all the angry people here where I currently reside.”Angry people were quick to criticize, as hundreds of comments poured in.
A fellow Reddit user by the name of Dispairsquid. Almost like a high school chemistry teacher deciding to begin making and selling crystal meth due to a change in life circumstances.”Some well- wishes from Crypto. Watch All Is Lost Online Idigitaltimes. Investor: “Firstly, let me wish you good luck.
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Second, let me tell you how much of an idiot you are.”Is this the top? Indeed, says Hukus.
Pukus. “This is it. This is the signal I’ve been waiting for. Time to sell all my bitcoins and buy a house,” he wrote.
Even the uber bitcoin bulls, like loserkids, had a hard time with this one.“Though I’m 1. But you’ve already heard it from others. Either way, good luck.”If Spencer Bogart, head of research at Blockchain Capital, has it right, gingerbreadfutters is definitely setting himself up for financial disaster. The virtual- currency market has all the trappings of a bubble, Bogart said, adding that he thinks it could have more room to rise before a correction occurs. It’s definitely unsustainable,” he explains, “though I don’t know if it’s in its final moments right now.”.