Bitcoin 'bubble': How 'old timer vs newbie' game is crushing crypto

For Bitcoin investors, these are the times that try one's soul

After surging to almost $20,000 in December following the introduction of regulated futures contracts in the U.S., the world’s largest cryptocurrency has lost more than half its value, plummeting to as low as $7,614 on Friday.

Particularly hard hit are those who got swept up in the mania just before what skeptics ranging from Jamie Dimon to Nouriel Roubini have labelled as one of the biggest asset bubbles in history began showing signs of deflating. Selling by “weak hands,” as latecomers are sometimes called in the crypto world, contrasts with the view of early advocates pledging to HODL -- one