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Dearie me. If ever anyone asks for a definition of 'Sunk Cost Fallacy' point them at David Gerard's blog. The more Bitcoin's value goes up, the more he insists it's a scam and a bubble and that he's glad he doesn't own any.

"I was wrong" are the hardest words to say.

He's correct, it's most certainly a bubble and Tether is very likely to be a scam.

It's hilarious how people think they're winners when they haven't cashed out into FIAT. Can't wait for the repeat of early 2018.