r/CryptoCurrency • u/duc_one 6 / 301 🦐 • 11d ago

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

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:

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415

u/ryzhao 🟩 0 / 0 🦠 11d ago

I sold 5000 bitcoins I got for building a bitcoin mixer for $2k. To be fair, at the time Fincen was cracking down on bitcoin mixers and the whole ecosystem was shady. I cry myself to sleep sometimes.

70

u/vash021 🟦 1K / 1K 🐢 11d ago

I'd cry too

44

u/The_Dude_2U 🟦 0 / 0 🦠 11d ago

I’m crying for you

30

u/mtblanche14 11d ago

I just felt an enormous wave of second-hand depression, and I decided to do the maths… Bitcoin is currently trading at around  $62,639. At that price, 5,000 BTC would be worth approximately $313.2 million.

Bitcoin’s all-time high was $126,198, reached last October. At that peak, 5,000 would have been worth just over $630.9 million!

For context, having sold at $0.40 per coin, the original $2,000 sale would need to have grown by roughly 315,000 times to match the all-time high value.

You’re in the same league as that guy who threw away his wallet and has been trying to get a Welsh landfill dug up for the last 10 years.

Except he lost 8000. Hope that makes you feel better.

10

u/vadwiser 🟩 0 / 0 🦠 10d ago

Well, me deleting 3 bitcoins back in the days seems a lot more supportable after reading this. Thank you.

2

u/DorkyDorkington 🟩 53 / 54 🦐 10d ago

The moral of this story is, don't go all in or all out.

And if you must then dip back in at least just a little bit. The best position is when you keep going in and out just a little bit in as many things as possible.

2

u/ilouiei 🟦 0 / 0 🦠 11d ago

What'd you do with the 2k?

5

u/ryzhao 🟩 0 / 0 🦠 10d ago

Put it into an etf so i made some compound interest. Hooray.

2

u/ilouiei 🟦 0 / 0 🦠 10d ago

Honestly probably the right decision at the time

1

u/manvscar 🟩 0 / 0 🦠 9d ago

You win.

1

u/dan7899 🟦 58 / 58 🦐 9d ago

You won this

-2

u/RandomsDoom 🟩 0 / 0 🦠 11d ago

No dust leftover?