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Re:Three Arrows Capital has defaulted on a loan worth more t... by mellavora on Monday June 27, 2022 @12:43PM (#31897152)
he said the *returns* can be life-changing, not the investment.

some people 100xed on crypto

Re:Three Arrows Capital has defaulted on a loan worth more t... by randomhodler84 on Monday June 27, 2022 @12:46PM (#31897189)
Some even did better than that ;-)

My life is completely unchanged. I still work everyday.

Re:Three Arrows Capital has defaulted on a loan worth more t... by puranjay on Monday June 27, 2022 @01:11PM (#31897536)
I work everyday too. But not having debt and enough cash cushion to do nothing for years gives you a sense of freedom and confidence that can help you make life changing decisions.
Re:Three Arrows Capital has defaulted on a loan worth more t... by randomhodler84 on Monday June 27, 2022 @01:22PM (#31897717)
True. I was able to make riskier investments knowing that I would be able to eat if things went badly.

I’m just waiting for the collapse of civilization now myself.

Re:Three Arrows Capital has defaulted on a loan worth more t... by puranjay on Monday June 27, 2022 @01:10PM (#31897524)
most who were active during 2018-19 before the current run 1000xed. Many lost 80% of that but are still wildly in profit.

Most of the good traders I know managed to cash out 30-90x. All within two years.