In the crypto world, everything happens very fast. We witnessed bitcoin reach its all-time highs and ultimate lows in just two months. Many people invested their life savings even their own homes in order to become crypto millionaires. Casual investors ran away from this possibility because it led the price of the coins to skyrocket believing they are unstable. Others dumped their coins overwhelming the market. When crashes occur, there are many people who will lose big. Here are some of them.
IT worker James Howells
When the price of bitcoin was really low and affordable for many. James saw the opportunity in 2013 to buy more than 7.000 bitcoins. He stored them on a hard disk along with his private keys. Days after, he was cleaning his house when he accidentally threw away his hard disk. Today he probably would have earned more than $80.000.000. What a disaster!
This famous English celebrity was offered to perform a live gig for thousands of Bitcoin. She turned them down. A few years later, she posts a Tweet expressing how big of a mistake she made. It was later discovered that she was offered around 200.000 Bitcoins.
This is also a very popular disaster story in the world of cryptocurrency. In 2011, Ross Ulbricht created this black market site available on the browser Tow. The goal was to avoid law enforcement which of course, later led to the arrest of Ross. His 140.000 Bitcoins were seized and later sold on a public auction in 2015. The bitcoins were sold at the price of 300$ each.
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