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Making the bet.. Finally..

Discussion in 'CryptoCurrency' started by MaddoxB, Aug 4, 2017.

  1. MaddoxB

    MaddoxB Newbie

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    I have.. missed out. To say the least, and that's no saying enough. I first heard about and got excited about crypto currency in 2010, when i was a regular on some shady internet forums. At first, it seemed as shady as some of the other ideals and discussions that were being had there, but upon further research, I was enthralled by the prospect that this was the beginning of something big. In September of 2010, I was prepared to drop $1,000 into Bitcoin.. I had over $5,000 from some other rl bussiness ventures, but I truly believed this was something that would pay off, and if not, I still have 80% of my money gaining interest at that time. Keep in mind.. and this is the hard part.. Bitcoin was trading at roughly .05-.10 cents at that time. So when I explained it to my family and fiance, they thought I was crazy. And at the time, I honestly couldn't have blamed them.. it was a bit extreme. This was before I bought my house and land, and that was still very much my primary goal at the time. I wanted so badly to be on the forefront of that new era in history, where we began to move away from physical currency to a form of digital "credits" that has been a long time staple within science fiction. Science Fiction is the easiest predictor of what the future will bring. We describe what seems conventional, but out of reach in regards to modern technology.. so simply, we play a game of catch.

    Anyways, long story short. I was persuaded not to go through with it. And the money I saved.. in the short term, was put to good use. I bought a piece of property with an old two story farm house for just a couple of grand at a local foreclosure auction. Life seemed good. Until the day I revised bitcoin and saw that it had jumped to $100, some 2 1/2 - 3 years later. And then i realized, my $1,000 investment at .10 cents a share would have been worth exactly a mil.

    I just did the math, and at current market value, it would $28m today.

    *Sigh*

    But, honestly.. I'm not too hard broken about it. I was at a certain point in time, but I've gotten past it, because you have to. There isn't just one opportunity, and sure that was a great one.. But the reality of the situation is, I would have potentially spent a large quantity if not all of them during some of the peaks and abrupt crashes, or during economic hardship.

    Take two - This past February I once again find myself doing fairly well, making some good decisions. Building wealth in stable assets, when I revisit cryptocurrency. Things have changed.. The once 2 or 3 coins I remember has expanded to several different currencies battling for attentions and a piece of the pie. I eye a currency called " Ethereum". What an interesting name.. and relatively cheap.. and research and popularity seem promising. I toy with the idea of putting $1k to $2k in on it at $2.50-$3 each.. But I hesitate again.. I face issues with my real world relationships that distract me from my investment. My emotions get misconstrued and ultimately it fades from attention. By coicidental fate to I just so happen to decide to check the price again during the June spike, and see that those shares are sitting just below $400.. Once again missing out on the big haul of $133k-266k.. *Sigh*


    ---------------------------------------------------------------------------------------------------------------------------------

    I missed the ball twice now, and honestly not on my own accord. I'm about to drop $1k-$2k into cryptocurrency. I could go higher and buy a bit coin, but that seems more a bear market now. I'm patient and have no issue with waiting for a return, and dealing with the highs and lows. I intend to play the market with the expectation to lose, and set myself a sell mark and not touch anything till then, and always leaving "atleast" 20%.

    I've been looking through currencies and its become a lot harder to pick from, but I still like the idea of buying something thats trading at a minimal amount. The three I like most are Ripple, NEM, and Litecoin.. In relation to Ripple or NEM, if either of those were to hit the $2 mark with a $500 investment right now, your looking at a close to $6,000 return. I'm eyeing Litecoin as my bear investment as it has a good relationship in regards to BTC and seems to compliment it in terms of gains. However, with its recent capabilities for super fast transactions, I could see it boosting signifcantly before year end, and I want to get in on that before it does so...

    I'm not really sure what the point of this thread is other than.. I'm getting in the game, Bitches! Wubba lubba dub dub.. Use those gains to finance some crazy science.
     
  2. tb303

    tb303 Power Member

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    $2 for xrp seems unlikely. That would be $80 billion or so market cap or more depending on how many more they release. But then who knows - its a mad crazy world.
     
  3. JV1999

    JV1999 Jr. VIP Jr. VIP

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    Whatever u do, don't buy bitcoin cash (BCH / BCC). IT's a titanic waiting for its Leo
     
  4. randybishop

    randybishop Elite Member

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    I was on Silk Road back in the day, if I had saved the bitcoin instead of spending on weed I would have had made out pretty good too.
    Fuck it, can't dwell on yesterday gotta keep moving forward!
     
  5. hero76

    hero76 Power Member

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    Dude no offense but there are millions out there with your sob story.

    Heres the rules on crypto currency: best time to invest was yesterday, second best time is today!
     
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  6. laur.laurix

    laur.laurix Power Member

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    Aren't you a wise one!

     
  7. Billy_Batts

    Billy_Batts Elite Member

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    You will never feel as bad as the guy who spend 10k btc on 2 pizzas
     
  8. MaddoxB

    MaddoxB Newbie

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    That's True. Time makes a fool of everyone at some point. I don't beat myself up about not investing sooner, but it does feel good to vent it. Clears the way for a more forward focused thought process. I'm juggling quit a few online money making endeavors, but I've always had a nagging interest in cryptocurrency investment. I've looked forward to adding this to my portfolio, and spending more time watching the market evolve into what will eventually be the commonplace mode of modern transaction. And making a little money to boot..
     
  9. AlumniAce

    AlumniAce Regular Member

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    Why cry over spilt milk? I heared about BTC when it was at 100 dollars and I thought it would go down cause it was shady, it got to 300 dollars and I thought it was way too overvalued... then to 600 and I was sure it would crash, few years later it hit 2000 dollars, then I just said fuck it and put money in cryptos and now it's at 3200... the good news is: we're still in the early adopter stage