On the day the price was $350, I tried making a bunch of comments on HN to warn people this was a pump and dump. I got called a shill and downvoted repeatedly. Check my comment history. I hope those people got out in time.
Didn't quite get out in time. Lost what is a lot of money to me, but very little to most people on HN. I think there is a weird dynamic with us complete investing noobs though. A lot of us are kinda poor, or at least in debt. The "yolo" strategy doesn't seem that bad in many ways.
Even though it's a lot of money to me, the unrealized gains I didn't take and the amount I lost really don't put me in a very different position. Just have to keep grinding away on student loans in either case, only a ~2.5 month swing on my estimated time to finish paying my loans from my bad bet compared to selling at the top, and only 1 month worse compared to not trying at all.
Learned some stuff too, hopefully it'll make me a better investor when I'm able to save some money starting in my mid 30s.
But actually, I had student loans and lost a chunk of money during the last BTC spike (literally bought at the very top). It set me back on paying them off which was a big bummer, but in reality, it was a moment that let me truly focus and probably put me ahead in the end. Any time a wild finance story would hit, I'd think about that BTC and remember that investing in your debt is a guaranteed return. And in my case, it was like 7%, so a good return. Now they're paid off and I get to invest like 1% of my money in fun things without worrying if I lose it.
To be fair, your line of comments was pretty similar to the wealth of sockpuppet a which were unleased on reddit to force GameSpot's stock down while pumping up silver. Even if you were one of the rare cases where there's a flesh and bone person expressing honest personal opinions, it's hard to spot the good apples in a shipping container of rotten apples.
same here. actually someone is still going through all of my comments to downvote it out of spite (I mentioned an old playstation game and apparently it was not to their liking :D).
said person seems to have no life of their own and thinks what they are doing is productive use of their time.
Even though it's a lot of money to me, the unrealized gains I didn't take and the amount I lost really don't put me in a very different position. Just have to keep grinding away on student loans in either case, only a ~2.5 month swing on my estimated time to finish paying my loans from my bad bet compared to selling at the top, and only 1 month worse compared to not trying at all.
Learned some stuff too, hopefully it'll make me a better investor when I'm able to save some money starting in my mid 30s.