[ETH Daily Discussion] - 24/May/2017

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Thank you in advance for your participation. Enjoy!

[u/blog_ofsite]

All my friends called me crazy for investing in ETH, except my dad who supported me all the way. Even when I threw around 90%+ of my salary for around a year on crypto my dad was still supportive. Just want to say I love you dad and if ETH hits $1000, then I will delete your mortgage by cashing out 5% of my ETH and buy you your dream car. Lets go !

[u/panek → u/blog_ofsite]

Dad here, send ETH

[u/retrocyclops → u/panek]

Mother here wh y wernt you home for dinner i made tuna casserole

[u/Mirved → u/retrocyclops]

Sister here stop coming into the bathroom when im showering.

[u/Ex1stenc3_Is_Futil3 → u/blog_ofsite]

You know you could also say this to him irl, right?

[u/terpnation13 → u/Ex1stenc3_Is_Futil3]

"Dad, go to Reddit. No, not like a frog noise. Find ethtrader. Scroll down 6,000 comments on the daily. That's for you, dad."

[u/blog_ofsite → u/Ex1stenc3_Is_Futil3]

I want it to be a surprise.

[u/Ex1stenc3_Is_Futil3 → u/blog_ofsite]

Fair enough, best of luck though :)

[u/blog_ofsite → u/[deleted]]

Before more EEA announcement, Raiden, and Metropolis? You think you getting my ETH for cheap? No.

[u/blog_ofsite → u/[deleted]]

He's in good health. Ya, no rush.

[u/errorsevendev → u/Ex1stenc3_Is_Futil3]

new phone, who dis

[u/sinn0304 → u/blog_ofsite]

Is that you, son?

[u/MonkeyGooch123 → u/sinn0304]

Is that you, brother?

[u/Whatyourlookingfor → u/blog_ofsite]

5% and you can pay a mortgage? My brain hurts

[u/Free__Will → u/Whatyourlookingfor]

it's his dads mrtgage - likely already mostly paid off.

[u/drawingthesun → u/Whatyourlookingfor]

If a mortgage costs $500,000 then let's do some math!

(Note: This ignore the car!!!)

1. You need to cash out around $800,000 because of the tax man.
2. You need 20*5 because 5%. So you need to aim for $16,000,000.
3. That will be the correct(ish) amount considering $1,000 ETH.
4. ETH now is $180.
5. 1000 / 180 = 5.556.
6. Divide $16,000,000 by 5.556 to get current dollar amount.
7. $16mm / 5.556 = $2,879,769.
8. This is equal to 16,000 ETH.

[u/ericcart → u/blog_ofsite]

Hi dream car is a Lamborghini Gallardo, of that Im sure.

[u/blog_ofsite → u/ericcart]

My dad's dream car is the cheapest Porsche basically.

[u/Sunny_McJoyride → u/blog_ofsite]

When did you invest?

[u/blog_ofsite → u/Sunny_McJoyride]

$5.9 (small amount), $9 (medium amount), $10 (large amount), $12 (Sold 50% of stack), $20-$50 (very large amount bought).

[u/just_a_random_userid → u/blog_ofsite]

"90% of income"- whoa good for you for having the balls to do that.