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Yes, and I've cashed out handsomely as a result of being lucky enough to predict exactly this. For clarification: I bought some $1000s worth of LTC when it was
by sidlls 9y ago
Yes, and I've cashed out handsomely as a result of being lucky enough to predict exactly this.
For clarification: I bought some $1000s worth of LTC when it was under $100 shortly after the Futures news hit. It was pure gamble on my part and I could have easily lost instead of the other way around.
I also bought a few ETH coins when it was around $400 but haven't cashed those out yet. I'm predicting my LTC gains will be wiped by ETH losses.
- make3 9y agochrist you must have made ridiculous money with this
- sidlls 9y agoWell, ridiculous in the sense that the whole phenomenon is absurd or relatively to what some people earn in a year, sure. But I only made about 2.5x my wager, which wasn't much (less than $10000, more than $1000). Also, as noted, much of a LTC gains could easily be eaten up by ETH losses. BTC is too expensive for my gambling taste.
- kombucha2 9y agoI locked in gains with LTC a few weeks ago like a rube thinking there was going to be a correction :( Locked in some good gains but missed on 70 thou plus USD....sigh...gotta keep trying though right?
- jeffwass 9y agoTo me, this kind of comment drives home the insanity of the crypto craze right now. Complaints of "only" making a 2.5x return. Or proposed strategies elsewhere in this thread of buying a coin, selling half "when" it doubles, not "if".
- sidlls 9y agoI wasn't complaining. The "only" was in response to suggesting I made "huge" amounts of profit. I didn't gamble that much, and so I didn't make that much even with the return. My profit was less than my paycheck. 2.5x is better than anything I've ever made in equities (in fairness 90% of my strategy there is selling covered calls on dividend paying stocks) and far and away my best gamble on a percentage return basis. I doubt I'll ever be as lucky as that again. But I agree it does highlight how insane the crypto craze is.
- deleted 9y ago[deleted]
- kss238 9y agoEth is at $630 right now, so unless I'm misunderstanding something, you'll have made money.
- sidlls 9y agoCan't sell it because not all my coins are in my account yet, and no guarantee there won't be a rush to sell due to instability.