Bitcoin Boom and Bust Cycles. Is it a Ponzi Scheme?

Posted by Michael Harris on January 2, 2021

Bitcoin had several boom and bust cycles in its short history but no significant boom after 2018. Becoming very rich from holding bitcoin is a thing of the past and trading this cryptocurrency nowadays is no different from trading high beta technology stocks although the risks are much extreme . . .

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Bitcoin cryptocurrency

Michael Harris

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Hypothetical or simulated performance results have certain inherent limitations. Unlike an actual performance record, simulated performance results do not represent actual trading. Also, since the trades have not actually been executed, the results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Hypothetical trading results are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

Bitcoin Boom and Bust Cycles. Is it a Ponzi Scheme?

Michael Harris

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