Due to instability of price of Bitcoin, this man lose 95 percent of his assets

News24xx.com - Bitcoin as the type of crypto currency is still phenomenal until now. This digital asset has a very fast movement, from the rising to the highest level to going down to the lowest level. There is a bitcoin user who suffered a big loss named Sean Russell. He has indeed invested in bitcoin since November last year.

At that time he invested USD 120,000 (IDR 1.8 billion) and then in just one month his investment value jumped to USD 500,000 (Rp. 7.4 billion). Russel was happy, in a short time he can get huge profits. "At that time when I woke up, I saw that the value was increasing" Russell said.

But in December the position of bitcoin per share was at the level of USD 20,000 and was currently keeping down at US $ 6,300. Russell also tries to reduce its losses by transferring his bitcoin into cash and other crypto money such as Ethereum and Ripple. Unfortunately that did not result well, the losses he had to face almost reached 96%.

A cryptocurrency researcher Michel Rauchs explains that the increase in the price of bitcoin is unpredictable. Unfortunately, many inexperienced investors such as students, housewives and even grandmothers only follow trends. "They were told by advertisements if this investment in bitcoin is a good opportunity. They were affected and bought it, but now they are suffering from huge losses" he said.

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