this post was submitted on 26 Aug 2024
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Asklemmy

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[โ€“] FlashMobOfOne 3 points 3 months ago (1 children)

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.

[โ€“] [email protected] 6 points 3 months ago (1 children)

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

[โ€“] FlashMobOfOne 6 points 3 months ago (1 children)

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.

[โ€“] wazoobonkerbrain 1 points 3 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.