Bitcoin losses stories


  • Go read this NYT story about losing $ million in bitcoin - The Verge!
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  • An estimated $400 billion has been wiped off the value of major cryptocurrencies since January.;

At first, it was a form of transferring money, I didn't have to wait for confirmation from banks and so on - it was convenient. In , I noticed I'd make a transfer, leave some Bitcoin in my wallet and I'd see the prices go up - and before I knew it I was seeing profit, which surprised me.

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I had been telling my friends I was using it as a transfer tool, I hadn't thought about investing in it. I sent a video from the showroom to my mum and she cried, she was really proud. I would only put in money that I could afford to lose.


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The most I've lost is the transaction fees - when the price drops I don't lose faith. I think the best time to buy Bitcoin is when nobody's talking about it - wait for the hype to die down. Rohan Muscat, project manager and electrical engineer. I became aware of Bitcoin in , but being a bit of a hardware geek, I wanted to mine it.

In late I bought a pair of graphics cards to mine, and at first I did pretty well with it.


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At first it paid for itself, but then it went downhill and was borderline break-even. I could have made more if I'd jumped in and out, but the emotions and risks in trading have burnt me, and I'd rather not take the risk.

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In , I was doing an apprenticeship at an IT company. At lunchtime we used to chat about little ways of making money on the side. Nobody had really heard of Bitcoin but we decided to give it a go and we spent a few weeks on it.

I traded them in last summer and got half the deposit for my house. I've still got a little bit but I'm just going to sit tight - it's not something I want to pin my future on. Bitcoin sets fresh records after Musk investment. Man has two guesses to unlock bitcoin fortune.

bitcoin - latest news, breaking stories and comment - The Independent

Here are some of your Bitcoin adventures. James Saye, tech consultant. Heather Delaney, founder of Gallium Ventures.

'It paid for a holiday in Iceland'

Our client was irate but philosophical. Once it's gone, it really has gone.

Go read this NYT story about losing $220 million in bitcoin

Javed Khan, independent trader. The fever that gripped cryptocurrency investors has faded in recent months. The Securities and Exchange Commission blocked several proposals for bitcoin exchange-traded funds in the past few months, including plans from ETF giants ProShares and Direxion and one backed by the Winklevoss brothers. Before he first invested, Russell spent years tracking bitcoin and studying blockchain, the technology underpinning digital currencies.

He said the learning process was like solving the plot of a murder mystery.

This man owns $321M in bitcoin — but he can't access it because he lost his password

We're no longer maintaining this page. He bet on Bitcoin and lost nearly everything. CNNMoney Sponsors. SmartAsset Paid Partner. These are your 3 financial advisors near you This site finds and compares 3 financial advisors in your area Check this off your list before retirement: talk to an advisor Answer these questions to find the right financial advisor for you Find CFPs in your area in 5 minutes.