Today, I found out about bitcoin around 2012 when it cost $20. I had about $40k of money to invest at the time. That would be about 2,000 BTC. If I'd just bought and held onto it until now, it would be worth $60,000,000. FML
Collection
Halloween
A failed costume, stolen candy and a very real scare: Halloween, the one night when fear is allowed.
Today, I did the math: back at college in 2011, I had a $20,000+ reimbursement from my school. If I had invested even half my cash into Bitcoin then ($2.50), I would be worth over $120,000,000. Instead, I said, "Fuck that! This is stupid", and am now over $200,000 in student loan debt. FML
Today, I discovered that the ancient looking coin I dug up in my front yard is worth hundreds of dollars. Too bad I found that coin when I was eight years-old, and have since misplaced it. FML
Today, after I lost $5000 in crypto yesterday, I'm now down about $150k total since the start of the year. I just deployed more and bought $FML to make up for the losses. Hopefully it’ll happen. FML
Today, I found out that my mom found a paper with my long lost username and password to an old crypto wallet with 17 bitcoins. She'd thrown it in the garbage bin before realising what it was. The bin was empty when I went running to check it. FML
Today, I found out that my husband is an undercover crypto/NFT dipshit. I found this out when I looked at our joint account to find he had transferred a hell of a lot of actual money to some sort of BTC account with a dumb name. He now claims it's "the future", and I just "don't understand." FML
Today, I've just lost over £12,000 and it's not even halfway through the trading day. FML
Today, I told my son to get a job and start paying rent. Five minutes later he transferred me rent for the next 5 years. When I demanded to know where he got that kind of money, he showed me his bank statements. He’s made more money mining Bitcoin than I’ve made in 15 years. FML
Today, I found $20 in an old jacket and celebrated by buying myself a fancy lunch (well, Burger King, but that just goes to show how well I'm doing in this economy). When I got home, I realized I'd left my wallet at the restaurant while paying with the $20. FML
Today, I went to the bank to get a jar of coins exchanged for cash via a fancy counter machine. After 30 minutes I was handed a bag of rolling sleeves and was told to do it myself. Good news, I have a lot more money than I thought. Bad news, I have A LOT more coins than I thought. FML
Today, after I sold the bulk of my employer-granted stocks last week, assuming its the highest price the stock would reach in a while, it's now nearly 30% higher to the price I sold at. FML
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Top comments
RichardPencil 32
And with one government action, it could suddenly be worth $0.
tounces7 28
I told my (now ex)wife back in 2010 or so that I wanted to start farming bitcoin, but she thought it was a dumb idea and wouldn't allow it.
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Comments (8)
red6joker 8
2010 when it first came out it was much cheaper then. sad thing is even as volatile as it is to invest in it will only go up from here. buy what you can on even if it's a small fraction of a coin. keep adding to it over time. little by little.
RichardPencil 32
And with one government action, it could suddenly be worth $0.
tounces7 28
Bitcoin is stored locally, they would have gotten rid of it by now if they could have, but it's not that easy.
RichardPencil 32
What I mean is that the Congress can assert the dollar as the exclusive currency and outlaw crypto transactions. This would restrict crypto to black market value only.
tounces7 28
Doesn't work. Citizens aren't supposed to own gold either, but they do anyway. It's really hard to ban stuff like this believe it or not. Especially in a Democratic Republic.
sirrubberduckie 37
US citizens can't own gold? I'm not sure where you're getting that from. That prohibition was lifted in 1975.
kfchicken 31
that's not true you can own and trade gold. all it took was a Google search to find out they repealed the ban
RichardPencil 32
Let's see if we can keep it.
Austin Schmit 10
No it can’t. Please explain how 1 action could stop bitcoin?
tounces7 28
I told my (now ex)wife back in 2010 or so that I wanted to start farming bitcoin, but she thought it was a dumb idea and wouldn't allow it.
Chazzster 32
Hindsight is always clear. But don’t buy something when it’s now expensive just because it was once cheap. All that means is that it may be near peak, making now the wrong time to buy.
Austin Schmit 10
Now is the only time to buy... DUCY?
Nhayaa 21
And you couldn't get the money anyway, so...
Kristoffer 35
You made the right call with the information you had at that time. It's never a good idea to put all your investment money into one thing.