Bitcointalk.org user loses $2,000,000 in Bitcoin

[First77]

30 years back, my father walked 23 miles or 34 kilometers to his office when he was age 47, since that day there was public transport strike.

People are losing $2,000,000 in Bitcoin gambling

[1714867111]

1714867111

[1714867111]

1714867111

[1714867111]

1714867111

[Washball]

If you had 200 bitcoins when the price was 20K and then sold all when the price was 10K, you've lost 2 million. Or you had 100 Bitcoins at 20K and just lost all of them in some way. Both options are kind of stupid ways to lose this much money. So there should be some other way and maybe it's not as sad as it looks.

[onnz423]

Wow, thanks for contributing this steaming POS thread to the forum, we definitely needed it. I mean look at all of those links you included to the guy that apparently lost the $2,000,000. How can you have been here for so long, and yet still have no idea how to contribute to the forum.

[Jalum]

30 years back, my father walked 23 miles or 34 kilometers to his office when he was age 47, since that day there was public transport strike.

People are losing $2,000,000 in Bitcoin gambling

If a large portion of people did the same thing and went for a walk then they might have more money to use. $,2,000,000 is a lot!

[bloodyvio]

I read while reading many threads here that a bitcointalk.org member lost $2,000,000 in Bitcoin.  

How he lost it?

I doubt it was an "ALL IN" move ... quote Dan Harrington (poker player) "nobody go all in cash games" ... are you Kamikaze ?  

it's fair at that time bitcoin prices are not like today
especially if using bitcoin for gambling lol
I believe they now regret their decision to use bitcoin for gambling

[kopijos]

I read while reading many threads here that a bitcointalk.org member lost $2,000,000 in Bitcoin.  

How he lost it?

I doubt it was an "ALL IN" move ... quote Dan Harrington (poker player) "nobody go all in cash games" ... are you Kamikaze ?  

it's fair at that time bitcoin prices are not like today
especially if using bitcoin for gambling lol
I believe they now regret their decision to use bitcoin for gambling

using to gamble is a mistake, we can take advantage of a more profitable one for trading and for investment. for gambling I think everyone will not be able to get a profit.

[First77]

If a large portion of people did the same thing and went for a walk then they might have more money to use. $,2,000,000 is a lot!

I am saying who will buy 1 Bitcoin for $10,000 when you can buy a car for $10,000

[First77]

I bought 3 bitcoins on credit for $19,000 about. What should I do? I am way underwater.

https://bitcointalk.org/index.php?topic=2889212.0

[Teo2015]

That's possible. I heard about one who committed suicide. When you see that you lose yourself stop, take a break so that you will not reach 2 million.

[charlotte04]

I read while reading many threads here that a bitcointalk.org member lost $2,000,000 in Bitcoin.   

That would be their own problem if they lack the way how they took care of their money.

[Haunebu]

Completely possible scenario. Don't think this is fake in any sense. The ridiculous volatility of this crypto market has led to people becoming rich overnight and some people losing millions just like that without any prior indication which is this is a dangerous market and you need to invest only what you are willing to lose. Some of my friends lost thousands of dollars and quit the crypto world immediately while I plan to stick around for a long time since I am aware of the risks and am taking my chances which are paying off at the moment.

[rizkyhiw]

I read while reading many threads here that a bitcointalk.org member lost $2,000,000 in Bitcoin.   

That's because the price of the bitcoin that fell so big. But, the community never worried about it. They still have many ways to recover their lost money.
Like waiting until the bitcoin price returns $ 19k or exceeds $ 20k. Some frantic people will of course sell it quickly.

[KwizatzHaderach]

Must have bought when the prices are on ATH. Still pretty rough to lose that much.

[First77]

Must have bought when the prices are on ATH. Still pretty rough to lose that much.

and what about those people who are saying Bitcoin $30,000, $50,000 or $100,000 ??

[AfanasjevIur]

If you have not even invested yet I recommend that you try it will be a great experience for you?

[walemil]

This is not limited to bitcointalk.org users alone. It is as a result of the drop in price of Bitcoin. A good number of users will benefit in the long run as the price of Bitcoin is projected to hit a price far higher than where it reversed from.

[Dadan]

It may be a big deal to invest and that's just a loss, the size of the loser if it's just trading, that's probably why others just got rid of it and that's also a loss, but it's still not too big $ 2,000,000 not Maybe it's just that she's careful about her money or maybe gambling her just because she thought maybe it will grow in gambling and she does not know just the loser of the gamble. He probably had a lot of money before he beat $ 2 million in such a huge amount of money.

[joebrook]

I read while reading many threads here that a bitcointalk.org member lost $2,000,000 in Bitcoin.  

How he lost it?

I doubt it was an "ALL IN" move ... quote Dan Harrington (poker player) "nobody go all in cash games" ... are you Kamikaze ?  

That's indeed a suicide move, after losing the initial million dollars, A  wise investor would have know to cut down his losses and stop whatever trade that he/she was doing but because he was all about waiting to recoup the losses, he ended up losing it all eventually.

[Cryptalking]

imagine going all in around around 25 of Dec last year 

[darkangel11]

You're losing money most of the time guys. My friend bought a PC in 1992 for over $1000 and it was a P486. Something that 10 years later you'd be able to find in a dumpster 8 years later. Now you buy a new smartphone for $1000, it falls on the pavement and there goes your $300 for a new screen. If that's the only thing that breaks.
Your car costs you money, your fiat loses value over time, house costs money in taxes and repairs... Such is life.
Bitcoin is one of those rare things that appreciate in value, as long as you don't lose it.