Crypto has made like 100 guys rich, 1000 guys some decent cash, and ruined the lives of tens of thousands...

Crypto has made like 100 guys rich, 1000 guys some decent cash, and ruined the lives of tens of thousands. Prove me wrong

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blessed to be one of the few

and i thank god for my wealth

>ruined lives
Only if you're a total fucking retard who spent all his savings, got enourmous loans from sharks and shorted on 100x leverage

A lot of people put in more than they could afford, especially student loans. I thank them though

Made like 20k from my 1k investment

Ah, but the frens I've made here and all the brappers saved to my phone more than compensate for the $3500 that I've lost. And hell, there might be another bull run some day.
Not to mention the sublime pleasure of sipping on an ice cold Monster Ultra Zero.

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>100 guys rich

I'm one of them. So it's likely more, I doubt i'm that lucky to be one among only 100 in the world.

90% of this board is wealthy now and 10% are brainlets who invested in December(bears). All the pink wojak and "financially ruined" threads are larpers trying to spread FUD to all the newfags and Normans

Larpers, or ones of the very few. There have been studies done. If you profited from crypto at all, even a little bit, you are literally exceptional.

That's a funny story but it's not backed up by data.

>If you profited from crypto at all, even a little bit, you are literally exceptional.
Show me these studies dumbass.
I made more than a million, I'm nothing exceptional, I know two other people who made at least as much than me. We were discussing altcoins already in 2016.

Anyone who was here before April 2017 has made an incredible return.

The return of the market has been x15 since january 2017.
Since january 2016 it has been x30.

So you have to be dumb to not understand that people that were in the market in 2016 got rich.

forgot the illustration

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Hi, one of the 100 rich guys checking in.

there will always be less winners than losers because trading is a less than zero sum game. exchange takes it's cut after all.

Not true at all, newfag.
New money is constantly flowing in.
Everybody that bought in 2015 and didn't screw up by selling low is rich now.

Its almost like healthy competition requires losers.

Profited a whole $1,000 off the crypto craze. Grovel or perish, moneylets.

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reading comprehension issues?
>trading is a less than zero sum game. exchange takes it's cut after all.
read that again, new money flowing in doesn't change that equation there is always 3 sides to a trade and only 1 wins every time.

OP is right, I'm one of the 1000. you're all poorfags.

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>If you profited from crypto at all, even a little bit, you are literally exceptional.
lmao at this late adopter cope. I got in, in May 2017. Literally still up 120x even though im down 70% of ATH. Before 2017, crypto existed for another 8 years. I consider myself a late adopter and am still way above my initial. Literally the only people that lost money are the absolute fucking brainlets that bought in December/January.

true i only bought sub $500 before this round, now buying below $6.3k. don't be an utter tard that's the trick. and also patience.

You're so stupid... It's only a zero sum game if you consider there is no wealth created from crypto, this is obviously wrong.
This is not a fucking casino, there are thousands of startups that are creating wealth.

Obviously everybody is not winning, but saying it's a zero sum game is plain wrong...

It's not cope, it's fact

You bring nothing to support this 'fact' tho...

How can you explain that the hundred of thousands of people that had crypto in 2015-2016 didn't profit from a x30 increase in the market?

bravenewcoin.com/news/according-to-study-only-5-percent-of-british-crypto-investors-realise-profit/

>bravenewcoin.com/news/according-to-study-only-5-percent-of-british-crypto-investors-realise-profit/
Can you read?
It disproves totally what you say dumbass.

It says that 3 000 000 brits invested, and 5% made a profit.
So in the UK alone (which is less than 1% of the world population) there are already 150k profitable traders...
How many do you think there are in the world?

>tfw started in 2016 and only have $15k profit

Life is hell.

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tfw you got in Nov 2017 and were up 10k and now down 1k =\

tfw you never actually had the balls to actually invest not even 1$ into crypto