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Risk is defined by what can be lost. If you bought a $200 video card early on and spent $200 on electricity mining than your risk was $400. Contrarily someone r
by superbrama 9y ago
Risk is defined by what can be lost. If you bought a $200 video card early on and spent $200 on electricity mining than your risk was $400. Contrarily someone right now buying a single bitcoin is going to be risking a lot more than just that.
- celticninja 9y agoYes, but you could just buy $400 worth of bitcoin and the risk is the same.
- superbrama 9y agoNo, the previous poster said the earliest adopters take the most risk. In actuality, whoever pays the most for their btc takes the most risk. Early adopters invested almost nothing compared to the amount of money moving around now (at risk on a speculative investment). Their risk was negligible and certainly far less than folks getting into the game now, coin for coin. You’re right that if one buys 0.05 btc today for $400, it’s the same risk as someone investing $400 years ago to mine hundreds or even thousands of coins, but real investors aren’t buying 0.05 btc.