Ain’t this a kick in the nuts??

[quantumleap]

We all know how we could be living on easy street since we were pretty much among the select few who heard of crypto long before it became mainstream.

I got booted from Gemini several years back for using them for suspicion of gambling purposes, or something worded along those lines (shocking I know). For grins I downloaded the app just to see if I was still banned.

I could actually log into my old account but when I went to click on BTC or ETH there was no “buy” button. So for what I was using it for it’s pretty much pointless.

What I noticed was this. Out of the 77 times I bought BTC on Gemini over the life of my account - the average price of BTC each time I bought was just under $7k .


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I first bought 100 BTC for $15 each back in 2011. The price went straight up to $20 and then dropped to $8 when I sold. I felt like such a fool. "Tulips" everyone was saying.

I'm not regretful because in 2013 I bought some more around $300 each and it went up to $1000. I traded for alt coins which also went up exponentially. I started losing that when I realized it was time to invest in real estate so I bought a house in 2014.

I later leveraged the equity to buy another house in 2021. I am not regretful that I sold my 100 BTC at $8. There's no way back then anyone would know what it would be today but I stood a good chance of getting a good return on real estate.

 

[Tanko]

I know you’re a good guy & would never f*** around on your better half, but imagine if your wife read this forum like my ex g/f used to with my content. You would’ve been fuckin’ divorced as well real talk lol.

My wife knows I'm a jokester and full of BS. If she read the forum she'd probably say, "meh".
Also, we both realize, I'm playing way over my head having her as a wife and wouldn't mess that up.

 

[Tanko]

Gambling makes my life way, way more interesting. I always liken it to a hobby that costs money, whether it be traveling, photography, etc. The experience we get from gambling is worth it to me.

Great statement. 100% accurate.
Gambling is a "fun hobby". We do it for the experience.

 

[JDS]

Gambling makes my life way, way more interesting. I always liken it to a hobby that costs money, whether it be traveling, photography, etc. The experience we get from gambling is worth it to me.

Quote of the day.

 

[quantumleap]

Quote of the day.

Thanks. I can't imagine the rush you received when winning tens of thousands. But not only that, it changed your life for a bit.

 

[JDS]

Thanks. I can't imagine the rush you received when winning tens of thousands. But not only that, it changed your life for a bit.

It was fun & definitely an experience, but I couldn’t sustain those amounts. I did not win enough & I cut my losses. I’ve essentially started over with my bankroll & put the rest I won in a savings account.

 

[BigJay]

I’m off to work back in the electrical game

 

[BigJay]

when you drink yourself to sleep every night

 

[JDS]

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Only a cat nap today BigJay ?

 

[BigJay]

Only a cat nap today BigJay ?

Yeah got about 4.5 hours. Feel pretty refreshed though.

Will sleep well tonight for sure

 

[KVB]

I think the first time I bought BTC for gambling I paid $300 and before I could get it into the book it was up to $400.

Right then was the big clue, hang on to a piece of all crypto I touch, just shave some off, and store it away, like a small fee, while moving the rest in and out of whatever.

 

[JDS]

Yeah got about 4.5 hours. Feel pretty refreshed though.

Will sleep well tonight for sure

You're a fuckin' well oiled machine I tell you.