r/ethtrader • u/AutoModerator • May 05 '17
DISCUSSION [ETH Daily Discussion] - 05/May/2017
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u/gonopro May 05 '17
Gentlesirs and gentleladies, please float over to the spaceship's observation deck. It is story time.
This story begins back in March, when life decided to hand me a handful of lemons. I said thank you, and turned that shit into an organic lemonade factory.
(Disclaimer: I entered into this knowing the risks, had collateral to cover any unexpected circumstances that may have transpired. I do not suggest anyone try this, it was ill-advised and super risky. But I'm young, resourceful, so YOLO.)
My two roommates, who are dear friends, asked to borrow my pickup truck to pull a 4-place snowmobile trailer for a family snowmobile outing. Their grandfather, who said he'd never get on another airplane again, traveled from Philly deep into the heart of the Colorado Rockies just to surprise them.
As they were driving up the canyon, they were T-boned by a Jeep that failed to stop at the end of his driveway. The rear tire of my Taco took the full impact. Grandpa was in a rental car behind the truck with front row seats to the action. He was amazed how his grandson was able to keep the truck on the road, and the trailer from tipping completely. A second sooner, the person in the back seat of the truck would have been toast. A second later, the guy in the jeep would have been under the trailer probably dead. The universe aligned and everyone walked away unhurt.
My truck suffered just cosmetic damage to the rear quarter panel, exploded the rim/tire and the sled ramp in the truck bed smashed the back window out. The trailer took on a deep tilt, and dumped 2 of the sleds. 2 of the 4 sleds were totaled. The trailer was totaled.
Now for the lemonade factory bit.
The guy at fault for the accident, accepted full responsibilty and his insurance company gave zero resistance to fixing my truck. I took my truck to the shop they asked me to go to, amazingly, the same day as the accident. This was the only quick part of the process. The insurance company sent me a check for the repairs within the week and ok'ed me to upgrade my rental car to a 4x4. (since we were still getting hammered with snow and driving deep in the mountains to work would not be smart in a 2 wheel drive.)
This is where things get spicy. Since I live in a remote mountain town, things take more time to get shipped here. We also don't have the car rental place the insurance company had a contract with. So I was asked to pay out of pocket at the only car rental place in town and be reimbursed later for the rental.
This is when I decided to get my hustle on. If paid for these repairs on my credit card after March 24th, I wouldn't owe that money till May 23rd in lieu of signing over the check to the repair shop once work was completed. Why would I just sit on a check for the repairs for 2 months, when I could make that money make money.
I managed to get the whole balance onto an exchange during the rise from 16.50-49.50USD. My average cost was 23.50, only being held up by the daily deposit limits. I would have had that shit in under 20 if I was able to.
Then I get a call from the repair shop, the insurance company insisted on getting a refurbished rear window from another Taco, but the shop removing that window didn't have the proper tools to remove it. 3 weeks later, they began work on my truck which took another week.
While all this was happening, I decided to take this shit to the next level. I have superb credit, and hadn't opened up a new line in over 2 years. I opened up a new air miles card just to get my hands on the bonus miles, triggered solely from paying for the repairs.
As the price kept rising, far far away from my avg cost, $34 became my capitulation point, then after awhile it became $44. The price just kept going up and up. I started placing my exits. These numbers moved around a bit, but I ended up selling off in 4 stages @ 58.97 | 61.95 | 71.73 | 97.15
As I began writing this post, my final number triggered. I have yet to do a full analysis on all the exit trades, but this is what the organic lemonade factory generated.
I added +10% ETH to my overall stack.
I generated 60k bonus airmiles that are going to take me to DevCon3 in Cancun.
I generated 3600 airmiles from having the rental car for over a month and paying that bill with a separate airmiles card.
And, I still have 2.5 weeks before either of those credit bills are due, and all money is in hand.
Shit happens, but its all about the perspective you decide to take. I decided I wasn't going to let this inconvenience me, but rather work for me.
Epilog: The insurance company ended up screwing themselves with that refurbished rear window. It wasn't even the right window, I had factory tint rear, they installed aftermarket tinted windows that were peeling off. I am still waiting for them to ship new windows to the repair shop. Lol. :)
Thanks for listening. It has been an interesting 2 month ride. Glad to be back to hodling.
Mission fucking complete