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How did they get losses in bitcoin, given that the cryptocurrency had only been rising? Is that due to regulation?

• guessthejuice 8y ago
  BTC was trading at nearly $20K just a few months ago. Now it is trading at $6K. How is going from $20K to $6K "only been rising"? A lot of people are underwater when it comes to bitcoin.
  • udontgetbtc 8y ago
    I mean, lets be real... bitcoin traded at 20k for about 5 minutes. The extreme spike in price was over a 2 week period. The 6k figure is roughly where bitcoin was trading in October 2017 - after a year long runup from ~$500. Anyone who bought just 10 months ago still had better returns than the stock market over the same period.
    • greenleafjacob 8y ago
      The spike in price also caused a spike in popularity...
  • UlisesAC4 8y ago
    It is ok. But keep in mind that in the overall graph BTC trend is upwards. You only lost if you were actively trading on December.
    • rhino369 8y ago
      It was going up because new speculators were jumping in. And those new speculators are all underwater.