I just destroyed 2.3 Million LTC days

J

J Macker

[H]F Junkie
Joined
Jan 25, 2001
Messages
10,167
For all the naysayers out there: Eat shit.

https://bitinfocharts.com/litecoin/block/1331863/LTZf2SvzTs6WcrHsxPFYGMhBi6JxxBodZ1

The crazy thing is, some of my LTC got swallowed by a WHALE
https://bitinfocharts.com/litecoin/address/LPpHectVSbk7YHa5X89Cm3FoFBfzkJBJc9

old time miner.jpg
 
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I mined back in 2013-2014 when LTC fluctuated from $2-$50, but mostly between $5-10.
 
so awesome! I just found my old LTC wallet and discovered I had 2 LTC!!!!! I just bought $60 more. Mehh. Tempted to go out and buy 4-6 1050ti's and use my 1080 FE and start mining again!
 
Ocellaris said:
Nice!!! Congrats on cashing out!
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oh, I haven't cashed out. I just converted a bunch to BTC and ETH to diversify.
I'm contemplating selling some to pay off the mortgage. Quite a few friends have suggested doing so.
 
Dan said:
so awesome! I just found my old LTC wallet and discovered I had 2 LTC!!!!! I just bought $60 more. Mehh. Tempted to go out and buy 4-6 1050ti's and use my 1080 FE and start mining again!
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Do it. Except, I think ETH and/or XMR are most profitable. It's been a couple of years since I've mined.
HOWEVER..... my hindsight is that I would have been more profitable if I'd just bought LTC instead of buying mining hardware and paying electricity.

Mining is a safe way to mitigate the risk of losing money. If you're confident in the future of the coins, then just invest. That's my $0.02.
 
J Macker said:
oh, I haven't cashed out. I just converted a bunch to BTC and ETH to diversify.
I'm contemplating selling some to pay off the mortgage. Quite a few friends have suggested doing so.
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I had a tiny amount of BTC from a while ago, it went up to $700 and I cashed out $400. I feel like I’m rich with just that ;)
 
Ocellaris said:
I had a tiny amount of BTC from a while ago, it went up to $700 and I cashed out $400. I feel like I’m rich with just that ;)
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I had purchased two Terraminers for $6k each, mined about 17 BTC, and sold the miners for $4k each, then sold the BTC some time later for ~$500 each.

I've learned the hard way: DO NOT SELL your mined coins to makeup costs.

Plus, I wouldn't be where I am today if I got excited when LTC went back to $50-60 earlier this year.
 
J Macker said:
I had purchased two Terraminers for $6k each, mined about 17 BTC, and sold the miners for $4k each, then sold the BTC some time later for ~$500 each.

I've learned the hard way: DO NOT SELL your mined coins to makeup costs.

Plus, I wouldn't be where I am today if I got excited when LTC went back to $50-60 earlier this year.
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I used my $400 to buy a GPU to mine with. My electric rate is only 6.5 cents kWh so I should be alright. Seems like a fun hobby that might make me rich :D
 
I paid a several hundred LTC for a 7950 couple years ago when LTC had just come out.

>.>
 
atp1916 said:
I paid a several hundred LTC for a 7950 couple years ago when LTC had just come out.

>.>
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Which brings up rule of thumb # 2:
DO NOT spend your crypto to buy mining hardware. Alternately, DO not spend your crypto at all!

I have an email receipt showing I spent 0.7128 BTC for a $360 order on Newegg.

One of my coworkers spent 80 BTC to pay for a $6,000 Terraminer.
It's now his $1.5 million dollar outdated computer.
 
I'm still pissed that back in Iraq in 2010-2011 I had mined/bought up 5 BTC in my wallet. I never was into crypto more than just a passing glance and something to do while the PC's sit there so I didn't properly backup the wallet or my private key. Every year or so I go back and search old drives and emails and I can't find the wallet or the private key. If I sold now that would pay off my mortgage balance. Rule #3 then, backup your shit!!!
 
I spent the last three months looking for the private key to my old BTC wallet. I'm glad it took me so long to find the thing(and that I found it). I had 11.78 BTC in there, and I know my dumbass would have cashed out at $4000 a few months ago if I could have. Now I'm in the same boat of do I pay off mortgage or do I sit on my almost 12 BTC and hope it keeps climbing.
 
So... can i haz bitcoin? :D

Nice job, whenever you feel up to sharing, let me know, damn that's a nice chunk, congrats.
 
I would pay off the mortgage and keep whatever else is left. Sure, you could miss-out on a few dozen thousand bucks, but you could also just as easily miss the train entirely and end up with nothing. The house being paid off is equity that won't disappear if the market swings and if paid off it's yours forever, Crypto could be anything man.

Plus you'll see an instant return every month not paying the house note lol
 
J Macker said:
Then WTF are you doing in this forum?

I posted the picture for the newbs. Take a look at that if you don't understand the blockchain history.
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No need to be a dick.

And if you never sell, you'll never have anything. Theoretical value ain't worth shit.
 
Can score big that way, but double or nothing only needs to nothing once.

This bubble obviously cannot pay off everyone at once, nor does it have
infrastructure to process that many trades at once. Bigger it grows, fewer
will win. Rest who may have good plans but can't access the coin in time
are left holding an empty bag.

Hot streaks of luck don't last forever. You may have a gambling addiction.
 
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