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by fleitz
5480 days ago
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The money is only 'lost' if A) they bought BTC at > $19 B) they did A AND sold today, or C) the price never recovers to $28 USD. I would assume given the types of people that BTC would appeal to that they presume the US will persue a very expansionary monetary policy for the foreseeable future. Maybe the gov't announced news that would suggest raising interest rates or balancing the budget. It could also be a sign that people are starting to do hedge fund type operations with BTC. If you wanted to invest heavily in BTC using a few hundred K to depress the price may be advantageous given the instability of the currency. |
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