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> those that made a huge profit on one coin, then traded that directly for another coin that then lost everything. It sounds like the article is mostly about t
by nullc 7y ago
> those that made a huge profit on one coin, then traded that directly for another coin that then lost everything.
It sounds like the article is mostly about those people: if you crunch the number the examples they give of people who are now wreaked purchased bitcoin at ~$3000. It's currently trading at over $10000.
(I suppose technically they could have just been day trading bitcoin, but given the price history it would have been somewhat difficult to lose money starting from a $3k price just by trading BTC/USD without additional leverage, except via taxes)