Read this quote from the congressional hearing on cryptocurrencies yesterday.
https://uk.finance.yahoo.com/news/congressional-hearing-cryptocurrencies-devolves-bitcoin-204900246.html"Cryptocurrencies are a crock," Rep. Brad Sherman (D-Calif.) said to kick off his opening remarks. "They allow a few dozen men in my district to sit in their pajamas all day and tell their wives they're going to be millionaires."
The good congressman didn't have to be so hurtful about it. I believe that statement has hit the nail on the head, has stabbed the dagger in the heart, has hit the grand slam, <put more idioms here>. Hahaha!
"Put the final nail in the coffin". LOL.
But to be honest, there's some semblance of truthfulness on the Rep. Sherman's statement. I mean how many of us, specially during the December frenzy thinks that we can all be millionaires? Who stay late at night, probably in pajamas in front of his computers staring at the price of bitcoin and hoping that it will go above $20,000? Exactly, almost all of us. So as the saying goes, "the truth hurts", specially as to what has happened after that faithful December rush. Unless we become strategic on investing our money, we, specially newbies can be burned or murdered and that dream of being millionaires is totally thrown out of the window.