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This isn't analysis, it's opinion. But thanks for adding to it in a meaningful way. The people who get out in time will be a tiny fraction of those that get fu

by sub7 5y ago

This isn't analysis, it's opinion. But thanks for adding to it in a meaningful way. The people who get out in time will be a tiny fraction of those that get fucked. And to date, exponentially more people have gotten fucked than have had brilliant endings.

tom_mellior 5y ago
> And to date, exponentially more people have gotten fucked than have had brilliant endings. If you know of a good source on this, I would be interested. I don't mean this as a challenge, I'm genuinely interested if there are many people who managed to buy at a local maximum and were forced to sell much lower. Even people who bought at $20,000 in late 2017 are now up 3x if they managed to hold. Also, what the actual ownership distribution of Bitcoin is. Is it 90% mom-and-pop investors who gambled their life savings, or is it 90% hedge funds?