[2019-04-23] SoftBank Founder Masayoshi Son Lost $130 Million on Bitcoin

[CryptoBry]

We don't know the details of why he decided to sell at a loss. There is a big possibility that a very opportunity not worthy to pass came on his way that is why he decided to let go of his Bitcoin hoard. People like this guy know business, and they know how to calculate risks. So on my personal view, though we may not agree with his decision, it can be hard to judge him as we are not the one on his own shoe. What is certain is that $130 Million is a lot of money...and that can be the reason why this is reported and why many people are at awe.

[TheKeyLongThumbI]

SoftBank founder Masayoshi Son reportedly lost $130 million of his personal fortune with bitcoin

Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.

https://www.marketwatch.com/story/softbank-founder-masayoshi-son-reportedly-lost-130-million-of-his-personal-fortune-with-bitcoin-2019-04-23

Buy high, sell low happens also to the super rich 

Who cares? I bet that money is just a few dollars for them. This is not suppose to be a big deal because if he did not sell it then he still have not lose anything and its value just dropped much smaller. And this also proves that being super rich does not make your investments always succeed.

[dunfida]

SoftBank founder Masayoshi Son reportedly lost $130 million of his personal fortune with bitcoin

Masayoshi Son, the billionaire founder of SoftBank Group Corp., made a huge personal bet on bitcoin just as prices for the digital currency peaked, losing more than $130 million when he sold out, according to people familiar with the matter.

https://www.marketwatch.com/story/softbank-founder-masayoshi-son-reportedly-lost-130-million-of-his-personal-fortune-with-bitcoin-2019-04-23

Buy high, sell low happens also to the super rich 

Who cares? I bet that money is just a few dollars for them. This is not suppose to be a big deal because if he did not sell it then he still have not lose anything and its value just dropped much smaller. And this also proves that being super rich does not make your investments always succeed.

When you tried to read up the article its said that he do sell off his bitcoin "Son sold in early 2018 after bitcoin had plummeted, the people said."
The question here is that on how much money he do bet or simply invest when the market is booming up? Just wondering how these big tycoons
tried to risk up investments when the market is hyping.