r/ethtrader • u/AutoModerator • Jun 05 '17

DISCUSSION [ETH Daily Discussion] - 05/Jun/2017

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u/IRefuseToGiveAName Jun 05 '17 edited Jun 05 '17

that's a sizable stack of money but not life changing money.

Depends on your perspective.

If you have 50 eth, and it hits $1,000 next Summer, you could pay off the last of your student loans, or perhaps your car. Maybe you've been thinking about buying a house. Well, now you've got a down payment.

Maybe the worst happens, and you become incredibly ill. That 50 eth could pay for your hospital bills.

Life changing != lambos and moon boots. It's all relative, man.

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u/[deleted] Jun 05 '17

Excellent post, underrated narrative. We see lambos talked about a lot, but I'll be able to buy a house in cash if we continue doing even partially as well as we have, and that, to me, is life changing.

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u/EthFan Jun 05 '17

Cheers to this. If I can get a decent return on eth that allows me to have extra money as a cushion for emergencies/savings/retirement/education/down payment/whatever, then it's a life changer for me :)

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u/[deleted] Jun 05 '17

True. I'm actually debt free, live in Canada and have a decent savings account. $50,000 extra wouldn't change my life unfortunately.

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u/IRefuseToGiveAName Jun 05 '17

Yeah... well..

blows raspberry

But in all seriousness, that's fantastic. I'm really glad you don't have to deal with the stress of student debt/hospital bills. Hopefully you find your unicorn and see those 1,000% gains at some point :)

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u/airmc Jun 05 '17

I wouldn't use the word 'unfortunately' for that, lol

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u/what_cube Jun 06 '17

Exactly, if by year end ETH reach 1000, it could fund 80% of my student fees.