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Whilst the numbers quoted in US dollar terms are quite staggering, I would be interested to know what the actual losses are based on the initial investment doll
by junto 13y ago
Whilst the numbers quoted in US dollar terms are quite staggering, I would be interested to know what the actual losses are based on the initial investment dollar amount.
I'm guessing many of these coins were mined or bought before the astronomical price rises.
Of course I understand that that is irrelevant to people who have perceived millions of USD, but interesting nevertheless.
- danudey 13y agoThis is an interesting point. This value is all speculative until the it's resolved by conversion to another currency. The entirety of my LTC holdings are from mining coins, trading out to USD before it dropped, then 'buying' in again. I ended up with around five hundred bucks worth, mostly due to just smart trading, costing me nothing. The value has recently dropped, and I'm sad that I didn't cash out before, but I didn't actually lose anything. I'm still up the entire value of my portfolio, I'm just not up as much as I was before (and could have cashed out at). I do feel bad for the people who bought in and then lost it all.