, Columnist
The Bitcoin Whales Are Cutting Back
With so many greater fools out there, it might be a good time to sell.
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If you're Bitcoin-rich and sitting on enormous, life-changing gains, here's a tip from the pros: Sell loudly, publicly and theatrically. You just might avoid charges of epic hypocrisy.
In recent days, members of the cryptocurrency old guard have announced they're bailing out. Some, like Emil Oldenburg, claim to be switching to Bitcoin Cash -- a spin-off that's better at the whole payments thing than the more rigid original. Others, such as Litecoin founder Charlie Lee, are selling rival tokens to supposedly avoid conflicts of interest in what's a fiercely partisan market.