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Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

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Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#1
I remember 2 years ago there were a lot of posts/comments from people having significant chunks of their net worth (e.g. 3M$ out of 4M$) in NFTs or cryptos.

Were you one of them? Would be interesting to hear your story. Was it a wild ride for you? How did you manage? What are you doing now?

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#2
I've been trying to go 100% crypto since 2012. Been putting pretty much every penny I can into it since then. Of course Theres been ups and downs.

One time I got hacked by downloading a RAT off a torrent for a virtual machine and lost 10,000 ETH, now worth like $20,000,000.00 so that was annoying.

Then of course just the price swings, I'm down nearly $2million since the high point, so is that "lost"?

Never was stupid enough to buy an NFT, even though I TRIED to convince myself. That was just such a stupid time to be in crypto and I'm glad those people lost all that money. Morons.

Now I'm 100% XMR and BCH, they are the ONLY cruptoCURRENCIES that work and are needed, literally everything else in the space is a scam to take your money.

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#3

I've been trying to go 100% crypto since 2012. Been putting pretty much every penny I can into it since then. Of course Theres been ups and downs. One time I got hacked by downloading a RAT off a torrent for a virtual machine and lost 10,000 ETH, now worth like $20,000,000.00 so that was annoying. Then of course just the price swings, I'm down nearly $2million since the high point, so is that "lost"? Never was stupid…

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.

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#4

I've been trying to go 100% crypto since 2012. Been putting pretty much every penny I can into it since then. Of course Theres been ups and downs. One time I got hacked by downloading a RAT off a torrent for a virtual machine and lost 10,000 ETH, now worth like $20,000,000.00 so that was annoying. Then of course just the price swings, I'm down nearly $2million since the high point, so is that "lost"? Never was stupid…

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 :)

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#5

I've been trying to go 100% crypto since 2012. Been putting pretty much every penny I can into it since then. Of course Theres been ups and downs. One time I got hacked by downloading a RAT off a torrent for a virtual machine and lost 10,000 ETH, now worth like $20,000,000.00 so that was annoying. Then of course just the price swings, I'm down nearly $2million since the high point, so is that "lost"? Never was stupid…

[deleted]

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#6

Earlier quoted context omitted.

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 :)

[deleted]

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#7

Earlier quoted context omitted.

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 :)

[deleted]

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#8

I've been trying to go 100% crypto since 2012. Been putting pretty much every penny I can into it since then. Of course Theres been ups and downs. One time I got hacked by downloading a RAT off a torrent for a virtual machine and lost 10,000 ETH, now worth like $20,000,000.00 so that was annoying. Then of course just the price swings, I'm down nearly $2million since the high point, so is that "lost"? Never was stupid…

I bought bitcoin for a few dollars. When it was around $1500 and I was a broke college student I sold.

I'm not even upset, I have negative feelings towards crypto in general and that was a part of reason for selling. Everyone I know who is into crypto was always excited NOT to pay taxes. Plus, there is just so much scams and fraud in the space. I'm all in index funds now.

I do know a guy who became a millionaire because of BTC.

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#9

Earlier quoted context omitted.

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 :)

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.

Re: Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?

#10

Earlier quoted context omitted.

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 :)

I've known about it since 2009 or 2010, I'm not quite sure anymore. When it was still fractions of a cent per.

My read on it at the time was that it was an ideological project from a pseudo-right tech libertarian sphere that I have always despised. At that point you could not yet use it to buy illegal porn and drugs on the internet, but the people who were into bitcoin were SO EXCITED that you soon would be able to.

I figured it would never be useful. I was right about all of that, I think? I didn't predict that people would get rich from it despite these things though. I like to think it wouldn't have changed anything for me.

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