XRP-JAG Posted October 16, 2018 Share Posted October 16, 2018 I think I'm right in saying that if you'd invested $5000 USD i XRP 18 months ago, you had a window of around a week & half Jan 2018 where you could have cashed out over $1million USD. I presume back then there would have been some members here with significant holdings, who either did (or did not!) cash out. Any of the longer serving members here got any stories about those who had a very tricky call to make in the last bull run? Either massive gains, or missed opportunities? Link to comment Share on other sites More sharing options...
mrongey Posted October 16, 2018 Share Posted October 16, 2018 I wasn't quite that high, but I did miss my first cashout price, which would have paid off all my debts, because I got greedy. Not next time! I have a plan and I'm sticking to it! Sevarf2, XRP-JAG, miongski and 2 others 3 2 Link to comment Share on other sites More sharing options...
Popular Post lll_lll Posted October 16, 2018 Popular Post Share Posted October 16, 2018 There is not going to be a next time. The price rise next time will be more permanent as it will be backed by improvements in fundamentals and not just idle speculation but I would totally understand if you wanted to cash out after you hit your price level. rodneyDDS, XRPfan_Eelco, stef-k and 8 others 11 Link to comment Share on other sites More sharing options...
Popular Post Hodlezerper Posted October 17, 2018 Popular Post Share Posted October 17, 2018 For those who have no experience trading securities, equities, stocks, bonds, or anything at all, it's really easy to sit around and multiply your stash with whatever the market price could be. Sometimes it spikes up like crazy sometimes it dives. Point is, you need to be asking yourself how much are you netting. How much are you paying the government, the cost to get it out, opportunity cost, what are you doing with the money once it's gone. Can you even afford what you bought (if some crazy amount). For instance, you could easily buy a house cash that you can't afford to live, use, maintain, or pay taxes on. There's a reason people who win the lotto consistently go broke. The point is, money isn't easy. It doesn't solve all problems. It changes, alters, creates, and multiples problems. Remember, you can't take it with you. Do work on yourself before you imagine yourself purchasing a lifestyle you may know nothing about or can't afford. PacalVotan, KarmaCoverage, Pablo and 30 others 25 8 Link to comment Share on other sites More sharing options...
Yodaxrp Posted October 17, 2018 Share Posted October 17, 2018 13 minutes ago, lll_lll said: There is not going to be a next time. The price rise next time will be more permanent as it will be backed by improvements in fundamentals and not just idle speculation but I would totally understand if you wanted to cash out after you hit your price level. You make a very good point here. Question is: After next bull run which retracement we can expect? Link to comment Share on other sites More sharing options...
Popular Post pumpndump Posted October 17, 2018 Popular Post Share Posted October 17, 2018 3 minutes ago, Hodlezerper said: For those who have no experience trading securities, equities, stocks, bonds, or anything at all, it's really easy to sit around and multiply your stash with whatever the market price could be. Sometimes it spikes up like crazy sometimes it dives. Point is, you need to be asking yourself how much are you netting. How much are you paying the government, the cost to get it out, opportunity cost, what are you doing with the money once it's gone. Can you even afford what you bought (if some crazy amount). For instance, you could easily buy a house cash that you can't afford to live, use, maintain, or pay taxes on. There's a reason people who win the lotto consistently go broke. The point is, money isn't easy. It doesn't solve all problems. It changes, alters, creates, and multiples problems. Remember, you can't take it with you. Do work on yourself before you imagine yourself purchasing a lifestyle you may know nothing about or can't afford. Only the 589$ boys are looking for that kind of money. I'm old 47 and know plenty of retirees (59-67) with 600k-1.5M debt free living a very good life collecting SSI. Money buys freedom.....the rest of that stuff leave it to the real millionaires. Come on $3-$5 that is good enough for me billsb, Kalarie, stef-k and 9 others 10 2 Link to comment Share on other sites More sharing options...
Hodlezerper Posted October 17, 2018 Share Posted October 17, 2018 Just now, pumpndump said: Only the 589$ boys are looking for that kind of money. I'm old 47 and know plenty of retirees (59-67) with 600k-1.5M debt free living a very good life collecting SSI. Money buys freedom.....the rest of that stuff leave it to the real millionaires. Come on $3-$5 that is good enough for me Yepp. With that money and some humility you can live a solid life. Go ahead and splurge on toys and you're f**cked. KarmaCoverage, Sharkey and automatic 2 1 Link to comment Share on other sites More sharing options...
lll_lll Posted October 17, 2018 Share Posted October 17, 2018 6 minutes ago, Yodaxrp said: You make a very good point here. Question is: After next bull run which retracement we can expect? That’s my point. The retracement won’t be nearly as bad a the last one, so, the incentive to cash out and buy back at a lower price will be much lower. Considering other costs as mentioned above by Holdezerper, for a average investor, it would probably be easier just to HODL. 2ndtimearound 1 Link to comment Share on other sites More sharing options...
Tyrell Posted October 17, 2018 Share Posted October 17, 2018 (edited) 5 minutes ago, pumpndump said: Only the 589$ boys are looking for that kind of money. I'm old 47 and know plenty of retirees (59-67) with 600k-1.5M debt free living a very good life collecting SSI. Money buys freedom.....the rest of that stuff leave it to the real millionaires. Come on $3-$5 that is good enough for me 47 is old? 600K is not a lot to retire on depending on your location. Also depends on age. But I understand your point and agree. Edited October 17, 2018 by Tyrell thekiyote and WrathofKahneman 2 Link to comment Share on other sites More sharing options...
Xrp2damoon Posted October 17, 2018 Share Posted October 17, 2018 Most of you people here talking but not about what the post was meant for. No one cares about your financial advice. The guy asked if anyone of you had 1M+ in your account when the ATH was around. I’m curious myself to hear some people who opened their wallets and seen their balance over a million and how they felt about it. africaseed, ChuckN, JBW and 1 other 3 1 Link to comment Share on other sites More sharing options...
rg809wPPM Posted October 17, 2018 Share Posted October 17, 2018 Just now, pumpndump said: Only the 589$ boys are looking for that kind of money. I'm old 47 and know plenty of retirees (59-67) with 600k-1.5M debt free living a very good life collecting SSI. Money buys freedom.....the rest of that stuff leave it to the real millionaires. Come on $3-$5 that is good enough for me My thoughts spot on. I'm 61 and $5 would have me giving my 30 day notice. I live a modest lifestyle and work as a network administrator for a Chicago Health Care org (30 years working IT). At $5 I'm out the door and will cash out 1/3 at $10 (carefree good life and collecting SSI)..... the rest as it makes it way to 589 is for my kids. Hopefully it will not ruin their life! XRPRJB and miongski 1 1 Link to comment Share on other sites More sharing options...
Guest Posted October 17, 2018 Share Posted October 17, 2018 12 minutes ago, rg809wPPM said: My thoughts spot on. I'm 61 and $5 would have me giving my 30 day notice. I live a modest lifestyle and work as a network administrator for a Chicago Health Care org (30 years working IT). At $5 I'm out the door and will cash out 1/3 at $10 (carefree good life and collecting SSI)..... the rest as it makes it way to 589 is for my kids. Hopefully it will not ruin their life! 49 and I totally am in tune with this. I may not retire though always wanted to be a Walmart greeter as a PT gig after I retire from my current career maybe XRP will speed that up Link to comment Share on other sites More sharing options...
lll_lll Posted October 17, 2018 Share Posted October 17, 2018 (edited) 56 minutes ago, Xrp2damoon said: The guy asked if anyone of you had 1M+ in your account when the ATH was around. He can ask whatever he wants and I can answer in whichever way I want. How much amount of XRP I had/ have is no ones business other than mine. No offense. Edited October 17, 2018 by lll_lll seasonal, jag216, Paradigm and 4 others 7 Link to comment Share on other sites More sharing options...
Guest Posted October 17, 2018 Share Posted October 17, 2018 1 hour ago, XRP-JAG said: Any of the longer serving members here got any stories about those who had a very tricky call to make in the last bull run? Either massive gains, or missed opportunities? Friend of a friend had 1M XRP, and sold in November of last year in the 0.20's (unsure of his buy-in price). I thought about him when it hit in the $3 range, crazy what a couple months can do... Link to comment Share on other sites More sharing options...
Popular Post TinyRick Posted October 17, 2018 Popular Post Share Posted October 17, 2018 I had the moon/lambo mentality during the first run up, thank god I didn't cash out. This 90%+ dip almost forced me into learning about how I can truly manage wealth when the time comes that I do cash out. All these fancy watches, exotic cars, huge houses.. none of that **** matters anymore. What matters now is growing my wealth in a fairly low-risk way, diversifying and almost never letting money go to waste. Clear all debts & remove any payment obligations right away. Invest & Diversify (P2P Lending, Mutual/Index Funds, Well Timed Crypto Investments, and otherwise). 24 Months Rainy day fund in savings. Live off of a % of the earned interest as a "salary". I just want to live humbly with peace of mind knowing that I can go anywhere & do anything and my future generations can too. A lot of people are going to become millionaires quickly, and a lot of those people are going to go broke even quicker. A lot of wise people say that when you come into sudden wealth, to let it sit for a while till the excitement wears off. 3-6+ months if needed. Otherwise, having a plan in place and not getting overly excited over the possibility of owning inanimate objects as some void-filling bringer of happiness. Because I've learned the hard way, things don't make you happy, freedom does. And money can you give you the type of freedom that not much else can. Knowing how to hold/grow that money will only bring about a longevity of freedom. I don't care if this fits this post or not, because I just had to say it Warg, JoelQuinn, Member278576 and 30 others 33 Link to comment Share on other sites More sharing options...
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