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The author dumped a lot more than $2,000 into IOTA. They mention buying 26,000MI at $0.85, which would be a $22,100 investment. Just 5,600MI was worth $28,000
by kogepathic 9y ago
The author dumped a lot more than $2,000 into IOTA.
They mention buying 26,000MI at $0.85, which would be a $22,100 investment. Just 5,600MI was worth $28,000 at $5/MI.
Why anyone would put that amount into a cryptocurrency they don't find trustworthy is beyond me.
- dmichulke 9y ago> Why anyone would put that amount into a cryptocurrency they don't find trustworthy is beyond me. The richer you are, the more likely you'll consider 5k small change. Same reason why the big bet poker tables have non-experts sitting there.
- hjjiehebebe 9y agoYep. Sounds like this dude has fuck you bitcoin holdings and wants to gamble with the lambo fuel money
- Gargoyle 9y agoThere's a dead reply here that mentions a very, very good point. There's a HUGE sum of money out there that people made as early bitcoin investors. For various reasons, large portions of it are being gambled in other cryptos. The nature of cryptoexchanges make this easy to do, and it's without question inflating other coin markets. It's been this way since forever, but now BTC is worth so much that the effect is much more prominent.