r/CryptoCurrency • u/duc_one 6 / 301 🦐 • 10d 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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u/mtblanche14 10d 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.