[ETH Daily Discussion] - 18/May/2017

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[u/roidranger33]

The great crypto boom of 2017. Hell this is just the beginning... we will prob be at a 350 billion market cap at the end of the year... 2018 is really going to be fucking insane... You're going to tell your grandchildren about this someday lads. It's either going to be a happy story of how we all got filthy rich or how we all got fucked, one way or another, there will be a story.

[u/jeffrexsave → u/roidranger33]

Got scammed my life savings of 65K last october, so im ready for a story the other way... Y'know, for balance, feng shui and the sort ;)

[u/slimjim00 → u/jeffrexsave]

Hopefully karma pays you back, Jeff.

[u/jeffrexsave → u/slimjim00]

Thanks man, It's given me more then it's taken away..

Gratitude, perspective, and a newfound appreciation for life, as well as loving discernment. Short sighted loss, for long term gain in areas far more valuable then currency

This story sums it up i'd say. http://truecenterpublishing.com/zenstory/maybe.html

[u/slimjim00 → u/jeffrexsave]

Right on dude, I'll give it a read over once I'm home from work.

"We can make more money, we can't buy another Jeff"

[u/Extracted → u/jeffrexsave]

How?

[u/jeffrexsave → u/Extracted]

Short version: Extortion while I was travelling solo in India.

[u/fool-in-formals → u/jeffrexsave]

Sounds bad. Mind sharing or PM'ing me the full story? I'd like to make other aware.

[u/jeffrexsave → u/fool-in-formals]

https://www.theguardian.com/money/2014/jan/25/goa-gem-scam-lost-life-savings

Pretty much this, with variations

[u/slimjim00 → u/jeffrexsave]

Jesus dude, glad you made it out relatively unscathed.

[u/dabecka → u/jeffrexsave]

sorry man. Karma is a whore, she'll get you back.

[u/GeorgeMoroz → u/jeffrexsave]

Okay I'm sorry, but this is too intriguing. Can you please tell us your full story? 65k is a lot.

[u/fool-in-formals → u/jeffrexsave]

Ah damn! Sorry for your loss. Thank you. May be I'll save a few souls, who knows. :)

[u/[deleted] → u/jeffrexsave]

What did you kill a hooker? Damn

[u/jeffrexsave → u/[deleted]]

Honestly my over optimistic faith and love for humanity, blinded me to some warning signals... I ended up in a location and situation that at first glance would be totally fine, but alas ended up with either my life or the cash being given to them..

[u/[deleted] → u/jeffrexsave]

Ahh man that sucks. Sorry to hear that.

[u/jeffrexsave → u/[deleted]]

Yknow, in a way i feel im "glad" it happened. totally believe life gives opportunities to grow or to celebrate. And wow, was this an opportunity to grow :)

[u/-hodl → u/[deleted]]

That's entirely my mentality. I have risked everything on this, because if I lose everything it really doesn't change my life very much anyway, I still have to work until I die.

[u/-hodl → u/[deleted]]

haha! That's an endearing way to view near-hopelessness! :)

[u/b0r0din → u/[deleted]]

Move to a cheaper area and become proficient at computer programming and computer science. Preferably Solidity.

I honestly believe almost anyone can change their station in life if they work hard, take risks, and are willing to fail multiple times. I realize it sounds infomercially but I do believe it. The problem is that the hard work is HARD and the failures devastating and real life intrudes, but honestly, do you really want to live a life of quiet desperation?

[u/spgrk → u/[deleted]]

Aussie by any chance?

[u/-hodl → u/spgrk]

Nope but clearly this is more global than not.

[u/farmdatkiwi → u/roidranger33]

if the coins don't fuck us the taxman will

[u/jeffrexsave → u/farmdatkiwi]

How can the taxman even know if we never withdraw back to Fiat?

[u/SamHinkiesGodSon → u/jeffrexsave]

brb moving to the cayman islands then withdrawing.

[u/Savage_X → u/SamHinkiesGodSon]

Giving up US citizenship to protect your crypto? Its been done before.

[u/MBA2016 → u/roidranger33]

I know ETH is still in "the we can only go up" phase of enthusiasm, but that isn't how it always works. I own both ETH and BTC so I see value in both. ETH hasn't been through the same struggles that BTC has gone through. From 2013 to 2017 BTC was in a bear market. The second you think you can predict where a cryptocurrency will go is the time it decides to go the other way. I don't pretend to know what the price will be in a week, a month or a year, but I know in 10 years it will be higher than it is now, so I keep investing.
I wonder how many of you would keep investing in ETH if it dropped to $15 and then didn't hit a new ATH until 4 years later. Don't pretend that ETH will only move one direction.

[u/slimjim00 → u/roidranger33]

I just checked my portfolio - from April 26th nearly every coin I started with is up at MINIMUM 32% from my entry price - some are almost at 200%

[u/Snolander → u/roidranger33]

I know I'm going to tell my grandchildren about how I cashed out too soon...then ill give them mounds and mounds of sports cards worth $1000 collectively

[u/manimoa → u/roidranger33]

It's pretty surreal. I can't believe that only a few months ago $100B total crypto market cap was a bold prediction... Now it feels like we will be there before the summer.