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Originally Posted by tormunds
100% agree. There's no way one can possibly calculate and foresee the chain of events leading to the sudden rise of BTC. Those who profited are the people who done either from the gambling desire or lack of education.
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Overall I 100% agree, but when these bubbles happen it is possible to personally profit from them if you're either lucky or have some degree of insight / skill etc. I know someone (and, no, it wasn't me) who is neither a gambler by nature nor uneducated who made a considerable sum of money by risking/ investing (pick your own verb) a small sum when they saw the bubble developing.
Obviously the money they ended up with had to come from somewhere and it will have been from others who didn't judge things as 'carefully' but that's the world of horse /dog racing etc; some win, most lose.
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