RE: Where Does The Money Go When Crypto Prices Crash?

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Where Does The Money Go When Crypto Prices Crash?

in steemit •  7 years ago 

You would have nominally lost 4,000 that you could have made if you had sold at $5,000.

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Yea yea....correct
The profit made in crypto currency is because of the risks we take

Yes, but the problem is, people make a mistake, they see the chance to make easy money put in more than they should, there is a price dump like right now and they lose, of course you can blame this on greed.

Well about that i believe if u want to make money...u have to lose money

Have you really thought through what you wrote?

Yes

No, I think you meant to make money you have to risk money, if you lose it you sure as hell aren't going to make any.

Yea...that wat i meant but in crypto...u lose some little money at times to make huge profits

Yes that is the idea, you forgot to include the word hopefully.