this post was submitted on 26 Aug 2024
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[–] [email protected] 3 points 2 months ago* (last edited 2 months ago)

I played the stock market game in grade school and noticed this one stock, BRKHA that was moving thousands of dollars daily (and was occasionally dipping into the hundreds). Considering the others would only move a fraction of a dollar daily it was a goal to get one share for the game. I did and ended up winning.

I should have tried to pressure my parents into at least one share. By the time I was 18 it would have been worth 70k, and these days it's up to.. Nearly 700k per share.

I would've likely sold it on my 18th birthday and been able to languish a bit longer than I did. All in all it wouldn't have been worth doing.

[–] [email protected] 6 points 2 months ago (1 children)

35 Bitcoins back when they were $3/coin.

I bought some camera equipment off of some short-lived Bitcoin eBay clone, and decided my credit card was easier.

Did a little bit of buying/selling since for a mild profit, before swearing off all Blockchain tech as useless.

[–] [email protected] 2 points 2 months ago

When bitcoin first came out I looked into out of academic curiosity. I owned a high end video card. I never bothered mining because "I don't have any desire to buy drugs on silkroad."

[–] [email protected] 3 points 2 months ago

I bought 100 shares of Gamestop when it was $4 in November 2020 and sold at around $10

[–] [email protected] 0 points 2 months ago (1 children)

Not rich, but definitely more well off. As a one off thing, bought myself a scratch ticket and almost won somewhere around $20,000. Luck almost shined on me.

[–] [email protected] 8 points 2 months ago (1 children)

wdym almost? it's a scratch ticket, the chance of winning is tiny.

[–] [email protected] 3 points 2 months ago (2 children)

Slim chance, but for my first and only scratch ticket, being only one away from winning is pretty cool in my book.

[–] [email protected] 8 points 2 months ago

You're always just one away from winning. What the ticket wins is decided first and then the symbols get printed accordingly in a way that makes it look like you were oh so close

[–] [email protected] 5 points 2 months ago

I would guess that many tickets are "one away from winning", so that you keep playing.

[–] [email protected] 26 points 2 months ago* (last edited 2 months ago)

In 2009 I had 13k AMD shares at an average cost basis of $2.12.

I sold them in 2011 for ~$8/share.

Those shares are worth around $1.5M today.

[–] [email protected] 14 points 2 months ago (1 children)

I mined one Bitcoin back in college with my home computer. Now, I did sell it for a lot of money and I'm not complaining, don't misunderstand, but hoo boy. If I mined more? Goodness.

It took like a week or more to get. I was living in a bonus room with basically no air conditioning at the time, just an okay at best window unit. This was during the summer. My room got miserable lmao. And I couldn't use my computer for anything, especially not gaming. So when I finally got my payout and went to see how much it was worth it felt stupid to keep going. It was worth like 10 bucks at the time. Pretty much nowhere took them either. I think one of the few things you could buy was alpaca wool socks or something.

As an aside, I think the only thing I ever directly bought with them was a Windows 10 key from r/MicrosoftSoftwareSwap that stopped working. I believe because the user sold it again to someone else. I think I got that for $20 which was a better bargain but long term that would've been like $200 at least because of how much more Bitcoin is worth. The insane volatility of it is stressful and I'm happy to not have any crypto "investments" today.

[–] [email protected] 4 points 2 months ago (1 children)

Before bitcoin even slightly took off, i was on a website to buy something and they accepted bitcoin. I had to look up what bitcoin was, and thought fuck it, i'll buy like 15 bitcoin an buy the thing for 5 and have 10 more bitcoin if i ever need more. But it was way more "complicated" that i anticipated, and i was high as fuck, and suddenly though that i might being scammed or something, because like i said, i saw the name bitcoin maybe twice until then. I'm not too sad, because i'm pretty sure even if i bought it, i would've lost it anyway, forgot the password, or never bothered to figure out how to cash out.

[–] [email protected] 4 points 2 months ago (1 children)

Be glad you're not that guy that had hundreds on a hard drive and has to do the analysis on whether trying to dig it up from a landfill would be profitable.

[–] [email protected] 1 points 2 months ago (1 children)

James Howells. Quite a sad story. For those unaware, I'll give you the short version:

In 2013, Howells mined close to 8,000 BTC and saved his private keys (which is like a password to get access to your BTC) to his laptop's hard drive. Months later he absent-mindedly throws it in the trash. Next morning he realizes what he's done and tries going to the local garbage dump to search for it. He grew obsessed with finding the hard drive. It got to the point where his wife left him and took the kids with her. To this day he's still trying to get his local government to give him permission to dig through the city's garbage dump.

Semi-rantHis plan to retrieve his lost crypto was doomed from the start. When the garbage truck came to pick up his garbage, it had its own trash compactor inside, which would have crushed the hard drive to bits, meaning the hard drive most likely died before it even got to the landfill. And even if the HDD wasn't destroyed, the data on it would have likely been corrupted after sitting in garbage for 10+ years. And even if they managed to recover the data, if he tried to sell any of his BTC it would crash the market. He should have just cut his losses from the beginning and spent more time with his wife and kids. Now, this fool's errand to retrieve the (likely-dead) hard drive will be his legacy.

[–] [email protected] 3 points 2 months ago

It's very easy to say that when you didn't throw something out that would've been worth about half a billion dollars today. I hope he finds peace.

[–] [email protected] 8 points 2 months ago* (last edited 2 months ago)

I bought Bitcoin in highschool. Not much, though, because it was just a neat concept. There was no reason it would actually skyrocket in value (still isn't).

I had a teacher ask me for help investing in it, too. There was another guy in Canada at around the same time that turned that exact situation into a nice ponzi scheme.

[–] [email protected] 5 points 2 months ago

I don't know about rich, but my household would be much more well off had my biological mother not been a mentally unstable gold-digging asshole.

[–] [email protected] 15 points 2 months ago

My parents are fairly rich but stingy and boomers. I recently stood up for my principles and my kids and I give myself 1:6 odds they’ll cut me from the will as the last surviving child.

[–] [email protected] 18 points 2 months ago (4 children)

Not super rich, but we'd be doing substantially better financially if this went differently.

The year: 2020. I was playing with the stock market and decided to buy 10,000 shares of the cheapest stock, just because it was funny to say I had 10k shares in anything. It cost about $800.

A couple of months later, lo and behold, my $800 was worth about $5000! "Holy shit," I said, "I made money on penny stocks!" I promptly sold all of it.

Several months later, I check on it again. The company has announced new technology and its share price has skyrocketed, from a few cents per stock to $25. I could have made $250k, but instead made $5k.

[–] [email protected] 6 points 2 months ago (1 children)

Were you already wealthy or just a gambler? For me the idea of throwing $800 on a random share just because it was the cheapest is unfathomable

[–] [email protected] 3 points 2 months ago

Just a one off gamble aided by a cocktail of ADHD impulsiveness, COVID anxiety, and the stress of living in a 5th wheel with three cats, a dog, and my wife. We did some weird shit.

We were living with family and we had no rent/mortgage for a few months. We live in a high cost of living area, so not having that payment means having an extra $2k+ per month. I miss that part but not much else.

[–] [email protected] 8 points 2 months ago

This is the lesson I learned watching Bitcoin: cash out half.

[–] [email protected] 3 points 2 months ago

well shit !

[–] [email protected] 5 points 2 months ago (1 children)

My condolences, that must sting.

Out of curiosity, what was the name of the company?

[–] [email protected] 6 points 2 months ago

Rezolute. They're a biopharma company.

[–] [email protected] 25 points 2 months ago* (last edited 2 months ago) (3 children)

Decided to OpenSource instead of Software Patent (as my employer was urging me). Nowadays, that technique is used in every decent Image CDN + compression tool. Still proud to see it everywhere. Maybe it wouldn't have made it if had been patented.

[–] [email protected] 13 points 2 months ago

Without open sourcing it, it would probably been hard to market it and keep improving it though. Like if Linux was not open source project it probably would have had the same fate so many other OS before it had.

[–] [email protected] 22 points 2 months ago

You contributed something for the common good. You can be proud of your decision

[–] [email protected] 13 points 2 months ago

You may not have gotten rich, but at least you can say on your resume that your technique is in every decent CDN + compression tool!

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