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Re:Litecoin and Ethereum buys and sells are temporarily disa... by sidlls on Tuesday December 12, 2017 @12:23PM (#15907390)
Well, ridiculous in the sense that the whole phenomenon is absurd or relatively to what some people earn in a year, sure.

But I only made about 2.5x my wager, which wasn't much (less than $10000, more than $1000).

Also, as noted, much of a LTC gains could easily be eaten up by ETH losses. BTC is too expensive for my gambling taste.

Re:Litecoin and Ethereum buys and sells are temporarily disa... by jeffwass on Tuesday December 12, 2017 @03:54PM (#15909355)
To me, this kind of comment drives home the insanity of the crypto craze right now.

Complaints of "only" making a 2.5x return.

Or proposed strategies elsewhere in this thread of buying a coin, selling half "when" it doubles, not "if".

Re:Litecoin and Ethereum buys and sells are temporarily disa... by sidlls on Tuesday December 12, 2017 @05:08PM (#15909960)
I wasn't complaining. The "only" was in response to suggesting I made "huge" amounts of profit. I didn't gamble that much, and so I didn't make that much even with the return. My profit was less than my paycheck. 2.5x is better than anything I've ever made in equities (in fairness 90% of my strategy there is selling covered calls on dividend paying stocks) and far and away my best gamble on a percentage return basis. I doubt I'll ever be as lucky as that again.

But I agree it does highlight how insane the crypto craze is.

Re:Litecoin and Ethereum buys and sells are temporarily disa... by kombucha2 on Tuesday December 12, 2017 @12:54PM (#15907747)
I locked in gains with LTC a few weeks ago like a rube thinking there was going to be a correction :( Locked in some good gains but missed on 70 thou plus USD....sigh...gotta keep trying though right?
Re:Litecoin and Ethereum buys and sells are temporarily disa... by sidlls on Tuesday December 12, 2017 @01:06PM (#15907868)
That isn't the way to look at it. Suppose LTC breaks $1000, or even $500. I'll have "missed out" on a lot. But I locked in gains, so I'm net ahead. Timing gambling like this is a fool's errand, in my view.
Re:Litecoin and Ethereum buys and sells are temporarily disa... by kombucha2 on Tuesday December 12, 2017 @01:38PM (#15908170)
100 pc agree, it's hard not to fall into the FOMO trap.