Instead, they moved into the more stormy waters of Bitcoin investment.
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The pair are believed to have bought , bitcoins, or 1 percent of all the coins in circulation. The Winklevoss might be able to soak the loss of the odd billion bucks here and there but British IT worker James Howells probably needed the money a little more. Like the Winklevoss twins, he moved into cryptocurrency early, mining 7, bitcoins between and He sold the laptop he used to mine the coins, but kept the hard drive just in case those keys ever turned out to be useful. During a clearout later that year, he accidentally tossed out the drive which ended up buried in a landfill in Wales.
The municipality, which adds 50, tons to the site every year, has refused Howells permission to try to dig out the drive, citing environmental risks. Somewhere in a dump in the UK is a giant pot of digital money.
Bitcoin investment scam steals tens of thousands from couple as cryptocurrency losses grow
One of the more cautionary tales of Bitcoin losses comes from Australian journalist Derek Rose. At first, things went great. Cryptocurrencies were racing upwards and Rose borrowed money to enhance his investments. When a friend suggested he cash in, he replied that he wanted to own a sports team and a yacht. He continued using leverage It's one thing to lose money you've won, but to lose money you can't afford to lose is a lesson for everyone. Innovate Creativity Invent Design Pivot. Some links in this article may be affiliate links. If you click on them we may earn a small commission.
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'I lost more money in Bitcoin than most people will earn in a lifetime'
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