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The average of the sum of money gained or lost by each individual person is negative. Whether a larger number of people gain any amount money than those that l
by user-the-name 5y ago
The average of the sum of money gained or lost by each individual person is negative.
Whether a larger number of people gain any amount money than those that lose any amount of money is less easy to analyse, but, given that a person can only lose 100% of their money (not taking into account massively unwise loans people might take out, for simplicity) but some people do gain much more than 100%, it is likely that average person has lost or will lose money.
- mrtranscendence 5y ago> given that a person can only lose 100% of their money [...] but some people do gain much more than 100%, it is likely that average person has lost or will lose money. But with a long enough time horizon and generally rising prices, we can make the probability of any one person losing money as close as we want to zero. For a given unit of crypto only the last person in its chain of buyers loses money, left holding it when prices finally drop.
- user-the-name 5y agoThat is not something that happens in reality.