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And mostly, they indeed get rich.
by anovikov 9y ago
And mostly, they indeed get rich.
- richardknop 9y agoI know several people from crypto community and people who got rich are in a minority. Most people lost their money and are acting as gamblers now, throwing more money into new tokens to double down (which is one factor feeding the current ICO frenzy). But I agree that there is a small group of people making big bucks from this (people behind ICOs plus a tight group of early bitcoin adopters).
- anovikov 9y agoI meant exactly people behind ICOs. Obviously others are just gamblers and most of them lose.
- joosters 9y agoHow can they mostly get rich? For every buyer, there's a seller. A rich cryptocoin speculator gained their wealth from poor cryptocoin speculators. Where else did the money come from?
- richardknop 9y agoExactly. For all the winners there are losers. For every one of these crypto millionaires there are dozens of people who lost a lot of money, some of them substantial amounts of their savings, many several paychecks they decided to gamble with.
- anovikov 9y agoI meant only those who launch ICOs.