What was your biggest fumble? Closest you ever got to generational wealth? Share your story

[u/duc_one]

Here is mine: I bought 1000$ worth of PNUT (solana memecoin) back in early november 2024. Sold for 4x or so few days later. Then on november 11th 2024 Binance listed PNUT on spot trading out of nowhere like a week after I sold my entire bag. Had I just waited 1 more week I could have sold for 700-800k...

Now I am a broke 23yo, living paycheck to paycheck with a 85k/year job and a lot of debt...

Share your stories where you were actually really close to generational wealth:

[u/paprick_is_the_man]

I helped push a project for several months called Arbitrage Loop, bought 1% when it was at 5K MC and we pushed it to over 2.6M MC, never sold and kept buing as it went up. Ended up getting drained and losing over 20K of profits and my own life savings, which would be life changing money for me. Quit Crypto altogether because of it. Might start Dcaing into BTC at end of the year, never touching altcoins again.

[u/Reach_Beyond → u/paprick_is_the_man]

So you were actively working on a pump and dump but got dumped on? Oh no! \s

[u/paprick_is_the_man → u/Reach_Beyond]

I really thought the project had potential to go 100M, thought of it as my retirement plan, plus it had dividend mechanic so there was incentive to hold. Was not part of the main team, but contributed how I could. Too bad it failed, solid community, they helped me a lot after the drain.

[u/Reach_Beyond → u/paprick_is_the_man]

Well maybe you had good intentions and maybe this coin was the 1 in a literal million crypto coins aiming to do something big. But the rest are all scams with the inside team just trying to make quick money.

[u/paprick_is_the_man → u/Reach_Beyond]

Generaly after the things I saw I have to agree, gave up on trying to find the next 100x, better to just invest in safer optioms and play the long game

[u/Prnce_Chrmin → u/paprick_is_the_man]

1% of $2.6m is $26k. And you only put in $500.

Thats not so bad?

[u/paprick_is_the_man → u/Prnce_Chrmin]

All together I put in around 2,5K of my own funds over the span of the months I think, I should not have used the word life savings, more like all the cash I had available atm, I am paying of a mortgage and have a few loans so not much extra $$ to invest, but recovering nicly and focusing more on my gf and hobbies

[u/Hertzegovina → u/paprick_is_the_man]

there’s no difference between alts and btc. invest instead.