this post was submitted on 26 Aug 2024
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[–] Kongar@lemmy.dbzer0.com 49 points 3 months ago* (last edited 3 months ago) (1 children)

In 2010 I built a new computer. I was interested in bitcoin from a β€œthis is technically neat” category. I set it up and was able to mine dozens of coins per day.

I did. It was all set up and working. But it generated a lot of heat in my upstairs So. Cal. Apartment. So I stopped. Just deleted the coins because they were pretty worthless then.

I don’t get too upset though because I never would have held them to $50k each. I would have sold them for a buck each.

But I β€œcould have” if it wasn’t so hot out. ;)

[–] chahk 5 points 3 months ago

HODL failed.

[–] Vanth@reddthat.com 30 points 3 months ago* (last edited 3 months ago) (3 children)

I once got a reddit DM from a guy offering to be my sugar daddy. All I had to do was give up family, friends, hobbies, career, move in with him and have his babies. He assured me I would want for nothing. I turned him down, but I was just a simple "yes" away from being so wealthy and happy. He was also highly complimentary of my looks, despite never seeing even a photo of me, so I know he wasn't shallow.

Edit: ok, that's all a lie. I got like 6 DMs like this. And that's when I turned direct messaging off for my reddit account.

[–] Alice 12 points 3 months ago

When you put long hair on your stupid snoo and suddenly male redditors think you're the sexiest woman to walk the earth.

[–] bradorsomething@ttrpg.network 3 points 2 months ago (1 children)

I always wonder how many of those are actually wealthy men and how many are guys with low rent and high hormones.

[–] Vanth@reddthat.com 3 points 2 months ago

If I had to put down money, I would bet 0% are actually wealthy with stable jobs capable of providing a spouse and multiple children with a "will want for nothing" lifestyle. I would guess 50-70% are attempting some sort of pig butchering or other scam. And the remainder are so disillusioned, they think their offer is actually a temptation for anyone beyond those trying to escape from an even worse situation.

[–] JackbyDev@programming.dev 2 points 2 months ago (1 children)
[–] Vanth@reddthat.com 2 points 2 months ago* (last edited 2 months ago) (1 children)

Well, he didn't assure me he was 6 foot or taller, ofc. Us ladies be wanting our 6-6-6 men.

Six feet or taller, six-pack abs, six-figure salary or GTFO.

/s

[–] JackbyDev@programming.dev 2 points 2 months ago

Completely understandable, have a nice day πŸ€™

[–] DeltaTangoLima@reddrefuge.com 22 points 3 months ago* (last edited 2 months ago) (1 children)

Nearly 30 years ago, I worked for a tiny li'l anti-virus software company that got acquired by one of the big boys, and everyone's performance-based options they were holding were suddenly worth a lot. Being hungry for career growth at the time, I'd left the company and forfeited those options. Less than 6 months later, they announced the sale of the company.

My options woulda been worth a few million at the time, maybe double that in today's money. Importantly, it would've set me up with a nice house, car, etc, without any debt, in my early 20s.

Not rich, but certainly comfortable.

[–] Kacarott@aussie.zone 8 points 2 months ago (1 children)

I'm sorry but how is a couple million "not rich"

[–] DeltaTangoLima@reddrefuge.com 9 points 2 months ago (1 children)

In my mind, rich means not having to work again. A couple million doesn’t even get close, sadly.

[–] Hadriscus@lemm.ee 2 points 2 months ago

I'd agree with this guy's definition of rich

[–] intelisense@lemm.ee 19 points 3 months ago (1 children)

I had the idea to offload machine learning to GPUs back in the early 00's. I was working for a company doing number plate recognition back then, so I was even in a position to act on my idea... but my boss thought I was nuts.

I'm not sure how much money I would have made, but it's got to be better than this!

[–] intelisense@lemm.ee 9 points 3 months ago

OK, it was a basic pattern recognition model, nothing nearly as sophisticated as we have now, but I think it would have performed significantly faster.

[–] technopagan@discuss.tchncs.de 19 points 2 months ago* (last edited 2 months ago) (2 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.

[–] Hadriscus@lemm.ee 17 points 2 months ago

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

[–] TheImpressiveX@lemmy.ml 6 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!

[–] socsa@piefed.social 17 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.

[–] mihnt@lemmy.ca 17 points 3 months ago (1 children)

I was ready to drop $2,000 on AMD stock when it was $3 a share. Someone talked me out of it.

While it wouldn't have made me "rich", I'd be much better off than I am now.

[–] Rai@lemmy.dbzer0.com 2 points 2 months ago

Buying a bunch of AMD at 19 was my best trade. I haven’t sold.

[–] Talaraine@fedia.io 15 points 3 months ago (1 children)

Back in 1988 I had a school project with a few people, one of whom came from a wealthy family. The project was regarding the stock market, and each team was given a certain amount of imaginary money to invest, to see who would win out at the end of the semester. My friend with the wealthy family came back with a recommendation from his father, of course, and we won the contest easily.

The recommendation? Put all our funds into Berkshire Hathaway.

I had the golden goose egg right in front of me and never invested a dime.

[–] zod000@lemmy.ml 8 points 3 months ago* (last edited 3 months ago)

I had a similar school project around the same era. My wealthy grandfather suggested I invest in Phillip Morris. You should have seen the look on my teachers face when I bought the fake stock!. I actually ended up getting extremely into it and sold all of those "evil" fake stocks for an early tech company. I was quite certain it would do well, and I was right and I ended up winning the project by a wide margin. I tried to get my parent to let me use most of my savings account to buy real stock but they dismissed the idea because I was just a kid. It would have paid for my college education entirely if they had let me (they certainly didn't help).

[–] SoleInvictus@lemmy.blahaj.zone 13 points 2 months ago (2 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.

[–] TheImpressiveX@lemmy.ml 5 points 2 months ago (1 children)

My condolences, that must sting.

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

Rezolute. They're a biopharma company.

[–] Hadriscus@lemm.ee 3 points 2 months ago

well shit !

[–] bradorsomething@ttrpg.network 10 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.

[–] JackbyDev@programming.dev 8 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.

[–] BruceTwarzen@lemm.ee 3 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.

[–] JackbyDev@programming.dev 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.

[–] TheImpressiveX@lemmy.ml 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.

[–] JackbyDev@programming.dev 2 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.

[–] GlennicusM 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.

[–] todd_bonzalez@lemm.ee 5 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.

[–] collapse_already@lemmy.ml 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."

[–] CanadaPlus@lemmy.sdf.org 5 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.

[–] superkret@feddit.org 4 points 3 months ago

My finger was hovering over the "buy" button for $10000 worth of Bitcoin when one Bitcoin cost $50.

[–] Coskii@lemmy.blahaj.zone 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.

[–] rbesfe@lemmy.ca 3 points 2 months ago

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

[–] AceFuzzLord@lemm.ee 2 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.

[–] 0laura@lemmy.dbzer0.com 4 points 2 months ago (1 children)

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

[–] AceFuzzLord@lemm.ee 2 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.

[–] 0laura@lemmy.dbzer0.com 5 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

[–] llii@discuss.tchncs.de 4 points 2 months ago

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