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Life Savings Destroyed as Bitcoin Goes Bust: “I’m Ruined”

The cryptocurrency Bitcoin | Novanews.it

Are cryptocurrencies really a safe investment? Find out what happened.

Bitcoin is a cryptocurrency. A cryptocurrency is nothing more than an economic value unit that has no physical correspondentbut only telematics. For example, money is a currency, as its value can be associated with a material object.

Bitcoin is therefore a type of payment system born in 2009 by unknown persons or, better, by someone who calls himself Satoshi Nakamoto. Many believe it is a real team and not a single individual. But what everyone agrees on is that bitcoin is a powerful economic gear, since its validity is international.

There is more: bitcoin has a random value and is subject to change, since there is no physical central organization system that manages its performance. In fact, the value of bitcoin derives only from thin coins balance between user supply and demand who invest in it. Currently, the value of a single bitcoin corresponds to around €25,000.

What many may not know is that it exists an entire cryptocurrency market which appears to be growing. Now, after some serious and impactful events, the users they are clamoring for the introduction of a domestic regulatory mechanism. Many people complain about scams and bad investments. Find out what happened now.

The cryptocurrency disaster

The episode is about Celsiusa US online bank that dealt in cryptocurrencies. Just recently, the institution declares bankruptcy and with it, it also brings all the users who had invested in it to the bottom. More and more unpleasant situations emerge that they see on the streets above all naïve, who believe one or the other investment is reliable. The case of Celsius is exemplary, since the bank had already been in the balance for some time, following the bankruptcy of its analogous colleague, the TerraUSD.

The user in question loses everything because of one fraud consumatasi of his social: “I got talked into investing all my savings and now I’m broke”. Like him, many suffer the consequences of unsafe investments. In this regard, the need for a new one emerges in Italy investigation

Celsius Network files for bankruptcy | Novanews.it

The investigation starts in Italy

It is not only bitcoin that is worrying, but also the NFTwho use a similar system, he says Alessandro Longo and The Espresso. “NFT” stands for “non fungible token”i.e. “non-copyable token”.

NFTs are sort of certificates of ownership of a digital work. The problem is that, according to numerous surveys already carried out by prestigious newspapers and reported in the weekly InternationalNFTs, however digital they are, need a large amount of energy resources in order to be created. In short, they pollute. How will it end? Let’s just hope that more controls are applied to limit scams e contain the disaster for those who rely on bitcoin.

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