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by sbierwagen
1466 days ago
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>Crypto trading is zero-sum: Every dollar a winner makes, a loser lost. No, much worse than that. Most of the money retail traders put in is immediately burned to pay for electricity for miners and to develop ASICs that are worthless for any other purpose. Regulators will never be able to recover that money because 90 cents on the dollar is just gone. |
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