71
What is your "I could have been rich" story?
(lemmy.ml)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 26 Aug 2024
71 points (100.0% liked)
Asklemmy
49226 readers
846 users here now
A loosely moderated place to ask open-ended questions
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 6 years ago
MODERATORS
In 2010 I built a new computer. I was interested in bitcoin from a “this is technically neat” category. I set it up and was able to mine dozens of coins per day.
I did. It was all set up and working. But it generated a lot of heat in my upstairs So. Cal. Apartment. So I stopped. Just deleted the coins because they were pretty worthless then.
I don’t get too upset though because I never would have held them to $50k each. I would have sold them for a buck each.
But I “could have” if it wasn’t so hot out. ;)
Same. I bought some 70 bitcoins for 50€ when I first heard of it. Kept mining on a radeon 9770 or something at about 1BTC or 5€ per week. Electricity was included in my rent then, but I stopped because fan noise.
I lost a bunch on mtgox. Cashed out for a down payment on a house way too early (2016). I'd be rich if I had hodled.
Around the same time I almost bought around 250$ worth of BTC. I was broke rent was coming up, it would have made my month difficult so I passed. Could have never paid rent/mortgage ever again.
I made six months' worth of rent off the 2017 surge. I sold in the 18k range, because people's greed at the time was legit scary. I knew a guy who took out a second mortgage on his house to buy more $18,000-priced BTC.
And if he still had it now he would have tripled his money lol
Or been unable to pay his bills and been forced to sell at 4k / coin.
Crypto's too volatile to put that much risk into it, if you ask me.
I'd default on the bills and keep the bitcoin.
HODL failed.