4 ms·

christ you must have made ridiculous money with this

• sidlls 9y ago
  Well, 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 ago
    I 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?
    • sidlls 9y ago
      That isn't the way to look at it. Suppose LTC breaks $1000, or even $500. I'll have "missed out" on a lot. But I locked in gains, so I'm net ahead. Timing gambling like this is a fool's errand, in my view.
      • kombucha2 9y ago
        100 pc agree, it's hard not to fall into the FOMO trap.
  • jeffwass 9y ago
    To 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 ago
      I 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
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