When all is said and done, every dollar made by a BTC trader will also have been a dollar lost by a BTC trader. And seeing how it's the algo traders and market manipulators that are reaping the profits, it's clear that the small-time retail traders will have lost their money
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Replying to @fchollet
Fortunately for BTC traders, this is not true - modern day economies are not zero sum (and the medium of exchange does not affect that). The major difference between crypto and fiat is purely about the mechanism of trust, which is completely orthogonal.
2 replies 1 retweet 13 likes
Replying to @nsthorat
True when trading the SP500, not true when trading BTC. When BTC goes back to $1000, will you admit that the recent wave of trading has all been zero-sum?
3:09 PM - 21 Jan 2018
0 replies
2 retweets
4 likes
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