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idk where else to put this but im lamenting now over missed stonks.
this biotech company that i just bought a share of @$6 some time ago is now at $60. shouldve bought wayyyyyyy more shares but i was just trying to get my feet wet/vanguard finally dropped their commissions for regular trades this year.
big sad.
*lol also i did tell my aunt about it when i did it and she was just like fuck yeah and bought a bunch so now she's sitting on like 4 grand of my idea
idk where else to put this but im lamenting now over missed stonks.
this biotech company that i just bought a share of @$6 some time ago is now at $60. shouldve bought wayyyyyyy more shares but i was just trying to get my feet wet/vanguard finally dropped their commissions for regular trades this year.
big sad.
*lol also i did tell my aunt about it when i did it and she was just like fuck yeah and bought a bunch so now she's sitting on like 4 grand of my idea
I debated buying a chunk of Enphase Energy at $7 a share back in 2019 and chose not to.. It’s now over $180. Fuck.
I wanted my dad to invest in BTC when it was at $70 back in 2012 but just didn't bother talking to him about it because he never listens to me. Last year he starts telling me to put money in it and how he's gonna throw his whole pension in it or some shit.
Oh well!
Other than that, my biggest regret would be not investing in $NFLX sometime around then, too. Forget exactly what the price was or what year it was. It had just taken some dip because of a price increase, I think.
have a decently high powered computer, gonna try some calculators to estimate potential mining profit. anyone have any experience mining?
my understanding is that most of the mining profit comes from places with artificially low electricity costs, but I have no experience with it myself.
plugged some rough values into an ETH calculator, net profit would be about $50 a month - but seeing as I also game on my PC - i would assume i turn that off when actively using it then turn it back on when i'm done, driving down profitability. seems like more trouble than its worth
my understanding is that most of the mining profit comes from places with artificially low electricity costs, but I have no experience with it myself.
plugged some rough values into an ETH calculator, net profit would be about $50 a month - but seeing as I also game on my PC - i would assume i turn that off when actively using it then turn it back on when i'm done, driving down profitability. seems like more trouble than its worth
I've heard mining litecoin isn't terrible but yeah most of what I've heard is that it's not really worth the trouble
my understanding is that most of the mining profit comes from places with artificially low electricity costs, but I have no experience with it myself.
plugged some rough values into an ETH calculator, net profit would be about $50 a month - but seeing as I also game on my PC - i would assume i turn that off when actively using it then turn it back on when i'm done, driving down profitability. seems like more trouble than its worth
I have no idea what the difference between mining for BTC or ETH is but I think BTC is more desirable for long term holding/your long term mining.
Post by Silver Surfer on Jan 11, 2021 11:05:24 GMT -5
If this does end up being a correction with a reversal back up, LTC looks like one of the better buying opportunities as most coins dropped 20% and LTC dropped close to 30%
Looks like we’re heading down to test some moving averages. Good buy opportunity.
I don't think we fall too much further but I guess we'll see. Very nerve-wracking but diamond hands will prevail
Since I don't think you have gone through these swings since it sounded like you didn't go through 2017, as someone who did, I would advise you to, when you see fit, de-lever yourself to the point where this isn't nerve-wracking.
Are there people that bet it all and get rich from Bitcoin? Yes. But there were a lot of people who bet it all in 2017, who got crushed entirely.
I'm potentially speaking from a place of privilege but putting in an amount of money where if it drops by 30-45% and you are still ok financially is the sweet spot IMO.
I don't think we fall too much further but I guess we'll see. Very nerve-wracking but diamond hands will prevail
Since I don't think you have gone through these swings since it sounded like you didn't go through 2017, as someone who did, I would advise you to, when you see fit, de-lever yourself to the point where this isn't nerve-wracking.
Are there people that bet it all and get rich from Bitcoin? Yes. But there were a lot of people who bet it all in 2017, who got crushed entirely.
I'm potentially speaking from a place of privilege but putting in an amount of money where if it drops by 30-45% and you are still ok financially is the sweet spot IMO.
Nah I went through 2017 and I know. Ive been holding with the intention of holding for very, very long term so Im not super worried. Regardless, 30% is still nerve wracking even if I haven't put in more than I can lose
Since I don't think you have gone through these swings since it sounded like you didn't go through 2017, as someone who did, I would advise you to, when you see fit, de-lever yourself to the point where this isn't nerve-wracking.
Are there people that bet it all and get rich from Bitcoin? Yes. But there were a lot of people who bet it all in 2017, who got crushed entirely.
I'm potentially speaking from a place of privilege but putting in an amount of money where if it drops by 30-45% and you are still ok financially is the sweet spot IMO.
Nah I went through 2017 and I know. Ive been holding with the intention of holding for very, very long term so Im not super worried. Regardless, 30% is still nerve wracking even if I haven't put in more than I can lose
I would suggest splitting up your portfolio between long-term holdings, midterm holdings (6 - 18 months), and trading. My long term stuff is stored away in my Nano Ledger in my safe and won’t be touched till the top of NEXT bull cycle.
Since I don't think you have gone through these swings since it sounded like you didn't go through 2017, as someone who did, I would advise you to, when you see fit, de-lever yourself to the point where this isn't nerve-wracking.
Are there people that bet it all and get rich from Bitcoin? Yes. But there were a lot of people who bet it all in 2017, who got crushed entirely.
I'm potentially speaking from a place of privilege but putting in an amount of money where if it drops by 30-45% and you are still ok financially is the sweet spot IMO.
Nah I went through 2017 and I know. Ive been holding with the intention of holding for very, very long term so Im not super worried. Regardless, 30% is still nerve wracking even if I haven't put in more than I can lose
Gotcha, I hope I didn't come off as condescending, just giving my two cents.
Nah I went through 2017 and I know. Ive been holding with the intention of holding for very, very long term so Im not super worried. Regardless, 30% is still nerve wracking even if I haven't put in more than I can lose
I would suggest splitting up your portfolio between long-term holdings, midterm holdings (6 - 18 months), and trading. My long term stuff is stored away in my Nano Ledger in my safe and won’t be touched till the top of NEXT bull cycle.
I try to stay away from trading because of shortterm capital gains taxes and that's just a headache to keep track of. Have been eyeing the nano x for my litecoin bag though
Nah I went through 2017 and I know. Ive been holding with the intention of holding for very, very long term so Im not super worried. Regardless, 30% is still nerve wracking even if I haven't put in more than I can lose
Gotcha, I hope I didn't come off as condescending, just giving my two cents.
Nah you came off well I knew what you were trying to say- I appreciate the concern
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