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submitted 4 months ago by TheImpressiveX@lemmy.ml to c/asklemmy@lemmy.ml
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[-] wildbus8979@sh.itjust.works 8 points 4 months ago* (last edited 4 months ago)

Around the same time I almost bought around 250$ worth of BTC. I was broke rent was coming up, it would have made my month difficult so I passed. Could have never paid rent/mortgage ever again.

[-] FlashMobOfOne@lemmy.world 4 points 4 months ago

I made six months' worth of rent off the 2017 surge. I sold in the 18k range, because people's greed at the time was legit scary. I knew a guy who took out a second mortgage on his house to buy more $18,000-priced BTC.

[-] bizarroland@fedia.io 7 points 4 months ago

And if he still had it now he would have tripled his money lol

[-] FlashMobOfOne@lemmy.world 7 points 4 months ago

Or been unable to pay his bills and been forced to sell at 4k / coin.

Crypto's too volatile to put that much risk into it, if you ask me.

[-] wazoobonkerbrain@lemmy.world 1 points 4 months ago

Or been unable to pay his bills and been forced to sell at 4k / coin.

I'd default on the bills and keep the bitcoin.

this post was submitted on 26 Aug 2024
70 points (94.9% liked)

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