Post
Topic
Board Altcoin Discussion
Re: Are there people here from 2013 who are not millionaires now?
by
Fastpow
on 08/06/2017, 10:14:28 UTC
Uhh...I've been here since 2011 and I can pretty solidly say that I am not a millionaire.  I'm not destitute since I have a pretty good job outside of this, but I'm not a millionaire and that's despite having a pretty good income from my regular job. I told myself I'd buy more bitcoin when I got a high paying job but when it actually happened the price of bitcoin was tanking (down to about $200) and I got too scared to actually go through with my plan to buy $3000 of bitcoin a month.

The rest is just a combination of having actually spent almost all of my bitcoin when it was worth about $8-100, and having invested bitcoins in mining hardware instead of just holding onto the coins-by the time I got the mining hardware it was impossible to mine back the coins spent.

I was also a very broke med student in the early days so I had no money to invest anything and basically could only buy new hardware by selling the coins off.

But that said I recently finally bought the second crypto I've ever purchased, which was a little bit of Qtum during the ICO and at least on paper it's had a pretty great run.  We'll see what it's worth in a year or two, probably all dependent on if this altcoin bubble pops or not.  

But man oh man, so many threads I've been in on here where I came SO, SO close to buying in.  The original NXT thread I got scared off by all the posters saying it was a scam.  Ethereum I got busy during medical residency and forgot about the ICO until it was over then I didn't feel like paying 50 cents each lol.  NEM I read the thread too early when it was still an NXT clone and didn't end up finding out about the new structure until recently.  Many times I've failed at becoming a millionaire.

But I can't complain too much, I've made a lot more than I would have if I had never invested in Bitcoin, and I did cover my medical school loans in the end with how much it's gone up. =)  And who knows, if this crazy market keeps up maybe in a year I'll be a millionaire hahaha.

Your case sums it up pretty much. I've been around bitcoin since the incredible pump in 2013 but in my opinion this scene is full of 'could've, would've and should've. There are so many cases where I though damn that's an interesting project but then one way or the other you fail to sit out the ride.

Bought in to NEM but took a sabbatical after bitcoin tanked in value during the same period and thus missed the chance to claim my stake. Saw the ether announcement and was really excited but missed that one as well due to the same break.

I think the majority of people that actually became rich are those that bought in to something (bitcoin or alts, doesn't matter) and just forgot about it for a year only to come back and see they're suddenly worth 500k. Then there's a group of people that became rich by chain-releasing new coins off.

Anyway, not complaining, made a fair share of money and it's still an exciting ride.