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Tag Archives: lost

Bitcoin investor tells how he lost $3MILLION when the price crashed

A leading Bitcoin investor who introduced cryptocurrency ATMs across Australia has admitted losing more than $3 million when the price plummeted last year. Sam Karagiozis left school at 15 to work full-time at McDonald’s, with a dream of one day running his own business empire. By his early 20s he …

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Bitcoin (BTC) Sellers Lost $1.7 Billion in Bear Market

Bitcoin (BTC), Cryptocurrency–While the crypto markets have shown a slight recovery to start 2019, with Bitcoin holding above $4000 briefly before making a small correction, investors–and their wallets–are still reeling from the effects of 2018’s prolonged bear cycle. According to a new survey and data compiled by credit karma, Bitcoin …

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US Bitcoin Investors Lost $1.7 Billion in 2018, 61% Unaware They Can Claim a Tax Deduction

Lost money on bitcoin investments? Claim a tax deduction. Image from Shutterstock. According to a report from Credit Karma, US bitcoin investors who decided to exit the bitcoin market lost $1.7 Billion. Unrealized losses, belonging to those who didn’t sell, account for $5.7 billion. Credit Karma GM Jagjit Chawla believes …

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Americans lost $1.7 billion trading bitcoin in 2018 — and more than half don’t know they can claim a deduction

Americans who owned bitcoin in 2018 took a shellacking, and a surprising number of them either don’t know or don’t plan on taking advantage of the one bright spot, according to one personal finance firm. According to Credit Karma, Americans lost $1.7 billion in 2018 — and had unrealized losses …

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How I lost a fortune in the great bitcoin robbery | The Sunday Times Magazine

Andy Pag thought he’d made a mint with an early investment in the world’s first cryptocurrency. Then one day he checked his stash and it was all gone… ILLUSTRATION BY MICHELE MARCONI The Sunday Times, January 13 2019, 12:01am In 2013, I spent £2,000 on just over 100 bitcoins — inspired …

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How WIRED Lost $100,000 in Bitcoin

Back in 2013, when you could still mine bitcoins at home, WIRED was sent a small, sleek mining device manufactured by the now-defunct Butterfly Labs. We turned on the Roku-looking machine in our San Francisco offices and allowed it to do its job. A small fortune was soon amassed, now …

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50% of Bitcoin Supply Hasn’t Moved in a Year, 20% May Be Lost Forever

Bitcoin (BTC) earned its digital gold comparison due to a number of factors, but none more-so than its pre-programmed scarcity. There can only ever be a fixed supply of 21,000,000 BTC, as was designed by Satoshi Nakamoto in order to give Bitcoin its deflationary aspect. That fixed supply also provides …

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Hong Kong investors claim they lost HK$3 million in venture of cryptocurrency promoter thought to be behind ‘money falling from sky’ stunt

A number of Hongkongers claim to have been duped into investing in cryptocurrency “mining machines”, losing about HK$3 million in total in a venture linked to a flamboyant businessman thought to be behind a money tossing stunt last month. Four investors on Sunday demanded a full refund from cryptocurrency businessman …

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