Reply to If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?

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Reply to "If you have more than a million in investments, have you purchased BITCOIN in any form? if so how much?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Just read the JP Morgan analytics cited above: majority of the US investors lost money on it. [/quote]

You do realize asking JPMorgan, the largest bank, to weigh in on Bitcoin and crypto is like asking Barnes and Noble to weigh in on Amazon in 1997. [/quote]

They just provided stats of 600k clients accounts. Very few people had actually gained from owning Bitcoin. [/quote]

Without knowing the details, that just sounds like folks making horrible decisions on when to sell - which, interestingly enough, is a problem with retail stock investing so nothing new/unique here.

Right now, literally everyone who owns Bitcoin and bought more than 30 days or so ago, is up.

Now, if you bought in March @71k and sold in Aug @55k then that's on you for locking in the loss.

My advice to everyone here: buy low, sell high - not the other way around.

[/quote]

It seems mathematically impossible that Bitcoin could go from zero to 100k and MOST people would have lost money. I get there was substantial volatility along the way but still. [/quote]

People lost vast sums by having their crypto stolen from holding companies, wallets, and other scams.[/quote]

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