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How CNN Calculates money loses


By TechGromit   Follow   Fri, 19 Apr 2013, 12:13am PDT   185 views   1 comment   Watch (1)   Share   Quote   Permalink   Like   Dislike  

http://buzz.money.cnn.com/2013/04/18/bitcoin-investor/?iid=EL

According to the CNN article the guy invested $1,000 in bit coins, the value surged to over $60,000 than back down to $11,000 so he "lost" $50,000 because he didn't sell at the market peak. Can anyone explain this logic to me? Did I "lose" money on my house because I didn't sell at the very top of the housing market bubble? Did I lose 10 million dollars because I failed to pick the correct numbers in the last lottery drawing? Did I lose out on a life of wealth and luxury because 19 years ago I turned right on main street instead of left, where I would have met a women who was a millionaire and would have married me sharing her wealth.

I just fail to understand how potential / unrealized wealth can be considered lost wealth.

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Mr Happygoluckofus   befriend   ignore   Fri, 19 Apr 2013, 1:05am PDT   Share   Quote   Like   Dislike     Comment 1

You know it's amazing that the biggest portion of CNN commenters are people criticizing CNN's integrity. It never gets old.

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