Bitcoin Newbies Getting Crushed as Old Timers Pledge to HODL

Bloomberg
Bloomberg
Feb 5, 2018 · 3 min read
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Photo by Jaap Arriens/NurPhoto via Getty Images.

By Camila Russo

For Bitcoin investors, these are the times that try one’s soul.

After surging to almost $20,000 in December following the introduction of regulated futures contracts in the U.S., the world’s largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday. It regained some ground on…

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