21–30 of 41 posts
Yeah sure, I've had my pain days. :) I'm still up overall, fwiw. I lost 15 ETH writing a faulty script to trade automatically on EtherDelta, when that was still a thing. Their UI was (intentionally?) poor and didn't have client-side checks to ensure people weren't fat fingering their trades. It also didn't have an automatic market maker. So, if someone typo'ed an order, the typo'd order would sit on the books as ther…
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I knew about bitcoin before 2012. I had a friend try to convince me to mine some with my beefy desktop, since “its the future”. I thought it sounded like a dumb ponzi scheme. It might still be a dumb ponzi scheme but i fucked up bad on thay one.
You can still buy Bitcoin today!
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I've been into Bitcoin since 2012 also, so people sometimes think I'm rich hahaha. I don't think my net worth ever surpassed $200k.
I'll NEVER understand people. If you knew about BTC why not buy and hold it? Around 2012-13 a lot of us would talk fervently about how BTC would take over. We all wanted to have at least 21 BTC to be "in the club". I like to think we all kept our promise to each other and are still in the club :)
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I heard about it 2009/2010 and didn't buy it then because it just seemed like some scammy way to make money. When I learned more about its use and effects as a currency, I became interested and bought some, but its use as a legitimate currency just won't happen. In practice, it's just a scammy way to make money, always has been. The most useful thing about crypto was that you could convert it to USD for a profit, but…
Interesting experience but I use Bitcoin, Bitcoin Cash actually, every day almost. Not sure why in 2023 people keep saying it "doesn't work". Why say that? BCH just works and always has since 2009.
BCH didn’t exist in 2009
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I'll NEVER understand people. If you knew about BTC why not buy and hold it? Around 2012-13 a lot of us would talk fervently about how BTC would take over. We all wanted to have at least 21 BTC to be "in the club". I like to think we all kept our promise to each other and are still in the club :)
"If you know of an ethically dubious way to profit, why not do it?"
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I'll NEVER understand people. If you knew about BTC why not buy and hold it? Around 2012-13 a lot of us would talk fervently about how BTC would take over. We all wanted to have at least 21 BTC to be "in the club". I like to think we all kept our promise to each other and are still in the club :)
We knew about casinos even longer. It doesn't compel us to go all-in on zero. And from the technical point of view bitcoin was maybe an interesting idea for the few early ears, and then it was clear that it failed for any legitimate use. It was true 10 years ago and still true today.
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It's not that simple... How do you know how long to hold? I bought a bunch of bitcoin for under $100 each and sold them for ~$1000 each at one point. Should I have held them longer? Sure, but how could anyone really know that? How do you resist the urge to realize the >10x gain in a short term? After it went up to ~1200 it crashed down to 200-300 for years before it recovered and skyrocketed to new heights. If you ha…
1. Until USD inevitably collapses under the weight of its own indebtedness and fraud. 2. Yes, you made a mistake. Use the "Rake Method" many of us have preached for a decade. No guessing needed, profit taking can even be automated. It's all very simple. 3. Yes, a great buying opportunity. 4. Yes, I bought a lot around $150's. Using the rake method you can't go wrong. If it's more cash than I need I buy gold. Easy. An…
I assume you have a net worth > $100M right? as it's so easy.
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I heard about it 2009/2010 and didn't buy it then because it just seemed like some scammy way to make money. When I learned more about its use and effects as a currency, I became interested and bought some, but its use as a legitimate currency just won't happen. In practice, it's just a scammy way to make money, always has been. The most useful thing about crypto was that you could convert it to USD for a profit, but…
Interesting experience but I use Bitcoin, Bitcoin Cash actually, every day almost. Not sure why in 2023 people keep saying it "doesn't work". Why say that? BCH just works and always has since 2009.
Earlier quoted context omitted.
I'll NEVER understand people. If you knew about BTC why not buy and hold it? Around 2012-13 a lot of us would talk fervently about how BTC would take over. We all wanted to have at least 21 BTC to be "in the club". I like to think we all kept our promise to each other and are still in the club :)
I knew about bitcoin before 2012. I had a friend try to convince me to mine some with my beefy desktop, since “its the future”. I thought it sounded like a dumb ponzi scheme. It might still be a dumb ponzi scheme but i fucked up bad on thay one.
Then I realized it would never be useful as a currency due to the Bitcoin cap making it deflationary.
I still don't disagree, and most of Bitcoin is speculation and fraud, but the correlation of Bitcoin being deflationary is that the value will only go up.
So, Doink.
The crypto world is indeed a rollercoaster ride, with both exhilarating highs and heart-stopping lows. I'd love to hear more stories about how individuals managed and adapted during these wild swings and what they're up to now.
In case you want to mint, create or show your art, Rather Labs at https://www.ratherlabs.com could be a valuable resource for insights and solutions.