4 ms·

Every Bitcoin market decline brings out stories like this. Here's one from 2013 that's worse than anything in the NYT article: https://www.reddit.com/r/Bitcoin

• furbyhat 8y ago
  That poster is the definition of "gambling loser" I have no doubt he would have spent/lost the money on other things regardless. Juicy quote: "As of today, over the past 7 months I have lost a total of $410,000. The inheritance was supposed to be split between my younger sister and I, giving us each $375,00 + half of the house (not worth much, rural area, etc)." So if he just held for 4 more years... he would have turned their investment of 500k (even with 200k losses down from 700k) around to about 5 million dollars today. This is what happens when you do not have patience and speculate on things you do not understand.
• prolikewh0a 8y ago
  Holy moly, I hope that was just some elaborate troll.
• ribosometronome 8y ago
  He got himeslf in over his head with arbitrage. Hindsight is always 20/20, but if he had waited a bit, he could have turned that into what... a 10 million profit?