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© KYODOSoftBank's Son loses $130 mil on bitcoin: report
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© KYODO
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Yubaru
Well, guess everything Son touches doesnt actually turn to gold every time. Although I rather doubt he is going to really feel any pain from the loss.
Scrote
Most of Son's empire is built on debt. It will end in tears one day.
Azzprin
The 10 fold increase should have been a warning NOT to invest.
When something rises that fast that quickly, the risk of the bubble bursting goes through the roof.
FourIce
He maybe a good business man but he is a bad trader.
ShavedNuts
He won't feel that one bit (get it, bit, ha ha).
Wakarimasen
I'm with Scrote. He will die if cheap money finally ends. and if you think this 130 mill is a lot wait till his Uber and other "startup" losses start piling up.
fxgai
Exactly Azzprin and Fourice, he should stick to investing and business, rather than speculating big money on bubble instruments.
You'd think he'd have enough sense to know better. I too bought a nominal amount of crypto in 2017, but it was because I was knowing full-well that it was a bubble!
In time, the most successful applications of DLT won't be in cryptocurrency, I suspect.
Kobe White Bar Owner
If you think this is not fodder for public "news" consumption then more fool you. Yes i wear a tin foil hat!