this post was submitted on 26 Aug 2024
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[–] Kongar@lemmy.dbzer0.com 76 points 3 months ago* (last edited 3 months ago) (5 children)

In 2010 I built a new computer. I was interested in bitcoin from a “this is technically neat” category. I set it up and was able to mine dozens of coins per day.

I did. It was all set up and working. But it generated a lot of heat in my upstairs So. Cal. Apartment. So I stopped. Just deleted the coins because they were pretty worthless then.

I don’t get too upset though because I never would have held them to $50k each. I would have sold them for a buck each.

But I “could have” if it wasn’t so hot out. ;)

[–] HarriPotero@lemmy.world 16 points 3 months ago

Same. I bought some 70 bitcoins for 50€ when I first heard of it. Kept mining on a radeon 9770 or something at about 1BTC or 5€ per week. Electricity was included in my rent then, but I stopped because fan noise.

I lost a bunch on mtgox. Cashed out for a down payment on a house way too early (2016). I'd be rich if I had hodled.

[–] agamemnonymous@sh.itjust.works 15 points 3 months ago (2 children)

Bitcoin showed up on my radar when they were worth pennies, but I was young and had no way to buy them and didn't have a computer that could really mine them. Once I had the means to buy, I had no money. By the time I had a little extra money, they were already in the thousands.

Same story with Tesla. They weren't public when they popped up on my radar, and when they made their IPO I had no money to invest.

[–] zod000@lemmy.ml 3 points 3 months ago

I had the same experience with bitcoin. I had friends excitedly talking about it when it was around $1-$2 a coin and I dismissed it as a neat idea that would never fly. When BTC "crashed" at $10, I felt vindicated. Now I feel completely foolish :)

[–] LemmyHead@lemmy.ml 2 points 3 months ago

Same, I just had no cash. I was very much involved in the discussions around it though.

[–] roux@hexbear.net 8 points 3 months ago

My friend told me about Bitcoin when it was about $8 per coin. I was young and making some extra cash from working and not really buying too much stuff so I could have easily tossed down $100 on some crypto and let it ride.

The very next time I even bothered paying attention to crypto was when Bitcoin shot up to 78k from like 60k.

So yeah, I feel this lol.

[–] wildbus8979@sh.itjust.works 7 points 3 months ago* (last edited 3 months ago) (1 children)

Around the same time I almost bought around 250$ worth of BTC. I was broke rent was coming up, it would have made my month difficult so I passed. Could have never paid rent/mortgage ever again.

[–] FlashMobOfOne@lemmy.world 3 points 3 months ago (1 children)

I made six months' worth of rent off the 2017 surge. I sold in the 18k range, because people's greed at the time was legit scary. I knew a guy who took out a second mortgage on his house to buy more $18,000-priced BTC.

[–] bizarroland@fedia.io 6 points 3 months ago (1 children)

And if he still had it now he would have tripled his money lol

[–] FlashMobOfOne@lemmy.world 6 points 3 months ago (1 children)

Or been unable to pay his bills and been forced to sell at 4k / coin.

Crypto's too volatile to put that much risk into it, if you ask me.

[–] wazoobonkerbrain@lemmy.world 1 points 3 months ago

Or been unable to pay his bills and been forced to sell at 4k / coin.

I'd default on the bills and keep the bitcoin.

[–] chahk@beehaw.org 5 points 3 months ago