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Ask HN: Are there any cryptocurrency millionaires on HN? What's your story?

32 points by laksmanv 9y ago

thebiglebrewski 9y ago
Preliminary, "ITT": They hodled
bsamuels 9y ago
anyone who actually admits to owning millions in crypto in this thread can expect to spend the next couple of months getting spear phished
- dewyatt 9y ago
  Exactly my thoughts. And throwaways don't really work well on HN.
  - dplgk 9y ago
    Why?
seibelj 9y ago
I know some. The story is "bought in cheap, didn't believe the FUD, hodl". Paper millionaires
RIMR 9y ago
I am a theoretical Bitcoin millionaire, you know, had I not cashed out after the first rapid deflation. How was I supposed to know that $1/BTC was going to be looked back at as hilariously low? When they hit $40/BTC I cashed out and made a whole bunch of money. I don't really want to think about how much money I would have if I waited until this week to cash out...
- jen729w 9y ago
  Me too, I bought 114 at something like $0.12. But hey, there is literally no way at all that I would still have those now, so I can't feel bad. I'd have sold at $1, or $100, or $1000. Incomprehensible that I'd have them now and, therefore, be a millionaire.
cryptorich 9y ago
Bought eth, held for two years. Not much of an interesting story. In the end, I mostly got lucky. I thought it was world changing tech, but I definitely didn't see the ICO boom coming. I thought prediction markets and decentralized markets would drive the price up, but those never seemed to materialize. Which is a shame, because thats what I'd rather see. There's still time, of course. Its been an amazing ride, but also a huge kick in the balls making more money while you sleep than working your whole life. It certainly changes your view on things.
- whamlastxmas 9y ago
  You retiring or do anything interesting with the money?
  - cryptorich 9y ago
    Using the money to give myself the time/space to work on other projects. The nice thing about the money is I can focus on projects that require months/years of development (rather than projects that I would need to wrap up within weeks). I'm looking into a bigger place and get a dog but other than that not much.
    - whamlastxmas 9y ago
      Heck I just saved up a small amount, drastically reduced my expenses, and have done the same thing. No need to be a bitcoin millionaire to do that! Are you hoping your projects will turn a profit eventually?
- rvschuilenburg 9y ago
  > Its been an amazing ride, but also a huge kick in the balls making more money while you sleep than working your whole life. It certainly changes your view on things. I guess having a 'fuck you' amount of money would probably make you just work on your own projects full time instead of working for a boss.
  - 9y ago
lee101 9y ago
Hi, i'm founder of https://bitbank.nz https://bitbank.nz Not a millionaire yet but if your in it for the long haul, offer some value to traders in the crypto space and reinvest heavily you can with a lot of work build something that gets you there! Remember the neo gif... you don't need to be a fiat millionaire, a bitcoin one is more than enough

32 points by laksmanv 9y ago

Preliminary, "ITT": They hodled

anyone who actually admits to owning millions in crypto in this thread can expect to spend the next couple of months getting spear phished

dewyatt 9y ago
Exactly my thoughts. And throwaways don't really work well on HN.
- dplgk 9y ago
  Why?

seibelj 9y ago

I know some. The story is "bought in cheap, didn't believe the FUD, hodl". Paper millionaires

RIMR 9y ago

I am a theoretical Bitcoin millionaire, you know, had I not cashed out after the first rapid deflation. How was I supposed to know that $1/BTC was going to be looked back at as hilariously low? When they hit $40/BTC I cashed out and made a whole bunch of money. I don't really want to think about how much money I would have if I waited until this week to cash out...

jen729w 9y ago
Me too, I bought 114 at something like $0.12. But hey, there is literally no way at all that I would still have those now, so I can't feel bad. I'd have sold at $1, or $100, or $1000. Incomprehensible that I'd have them now and, therefore, be a millionaire.

cryptorich 9y ago

Bought eth, held for two years. Not much of an interesting story. In the end, I mostly got lucky. I thought it was world changing tech, but I definitely didn't see the ICO boom coming. I thought prediction markets and decentralized markets would drive the price up, but those never seemed to materialize. Which is a shame, because thats what I'd rather see. There's still time, of course. Its been an amazing ride, but also a huge kick in the balls making more money while you sleep than working your whole life. It certainly changes your view on things.

whamlastxmas 9y ago
You retiring or do anything interesting with the money?
- cryptorich 9y ago
  Using the money to give myself the time/space to work on other projects. The nice thing about the money is I can focus on projects that require months/years of development (rather than projects that I would need to wrap up within weeks). I'm looking into a bigger place and get a dog but other than that not much.
  - whamlastxmas 9y ago
    Heck I just saved up a small amount, drastically reduced my expenses, and have done the same thing. No need to be a bitcoin millionaire to do that! Are you hoping your projects will turn a profit eventually?
rvschuilenburg 9y ago
> Its been an amazing ride, but also a huge kick in the balls making more money while you sleep than working your whole life. It certainly changes your view on things. I guess having a 'fuck you' amount of money would probably make you just work on your own projects full time instead of working for a boss.
- 9y ago

lee101 9y ago

Hi, i'm founder of https://bitbank.nz https://bitbank.nz Not a millionaire yet but if your in it for the long haul, offer some value to traders in the crypto space and reinvest heavily you can with a lot of work build something that gets you there! Remember the neo gif... you don't need to be a fiat millionaire, a bitcoin one is more than enough