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Made 10 million off ethereum reddit

made 10 million off ethereum reddit

On the network upgrade; 10 million BIP in support awarded to validators by Minter FM (in Russian); Proposal to Reddit changed and re-submitted. OpenSea transactions have soared from $8 million in January to $b so far in August ETH ($K) in total volume for 3. @Reddit. CryptoSnoo NFTs on. Current ETH price on the badge icon. EquatIO - Math made digital. Расширение. Реклама. Доб. Reddit Enhancement Suite. 4 Расширение.

Made 10 million off ethereum reddit

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Was this whole thing some kind of elaborate ruse to scam people like me out of their nest eggs? Most of my friends in tech — folks working at places like Google, Apple, and Uber — were dismissive of blockchain. Few of them had heard of Ethereum. Eileen had been rightfully resistant to the idea. After watching me go through years of addiction issues, depression, and corporate misery, Eileen was happy to see me excited about something — even if it was some virtual coin.

So, I decided to double down. The only pool of funds available was the line of credit on our home. Racking up a big debt on our home equity line would very likely set us up for an unhappy ending. In December of , I visited Wells Fargo 3 times, transferring an increasing amount of money from our home equity line to Gemini. The order books were thin with limited liquidity in those days; a rush of sales could cause the other traders and their bots to snatch up all the available coins.

It was the middle of the night, and I was in the back of a cab battling a nasty bout of food poisoning. We were in the black for the first time. Then, something miraculous happened: It kept going up… and up… and up. The volatility was a narcotic, shooting up my brain with boosts of dopamine and serotonin. I donned a hoodie and stared into the void for hours, my mind enslaved to the promise of Ethereum and its price variations.

I was fired from my job of 6 years. In the midst of a particularly volatile week, I found myself in the emergency room, struggling to breathe. The doctor diagnosed me with a panic event. There was also the constant, looming fear that my crypto account could be hacked at any moment. That summer, many of the early HODLers the folks who were holding for the long-term began to cash out. My coins were now worth millions, but I continued to hold the majority of them.

It was an unprecedented burst — so monumental in scope that it temporarily froze the exchanges. It was like a 9. The message board was full-on mayhem, with 1. Even for hardcore HODLers like me, it was too much, too fast. Watching the greedy masses pile into ETH reminded me of the famous battle scene from Braveheart : While the hordes rush forward in full sprint, lances atilt, the defenders sit still, unflinching and calm, waiting for the signal to attack.

Hell, we even bought a second home in Ireland. It all happened so quickly that it feels like a dream. I banked everything I had on a relatively unproven technology and got out at the right time. For every story like mine, there are hundreds of others about people who lost it all.

I was, and am, a true believer in crypto — and I had the right mix of courageousness and craziness to take a big risk. My recent book, which chronicles my wild journey, encourages people to think about their own risk parameters. I make dinner, do odd-jobs around the house, and live a very pleasant life by almost any measure. I still drive a minivan every day. Crypto no longer consumes me. But every now and then, after the kids are asleep, I lie awake thinking back on the rush of the market.

And I miss it like hell. He recently chronicled his entire journey in a full-length book, Confessions of a Crypto Millionaire. Generic filters Hidden label. Hidden label. Dan Conway. Restless in corporate America Up to that point, my professional life was one of quiet desperation. Like so many others, I was looking for some kind of escape.

And soon, I found one. Dan wallowing in the misery of corporate America courtesy of Dan Conway One early morning in mid, before anyone else was in the office, I was browsing online and stumbled upon an article about Bitcoin. But that morning, I had a sudden change of heart.

I could get rich and never work another day in corporate America… A part of me recognized these thoughts as destructive mania. Juggling crypto research and family time courtesy of Dan Conway In short order, I developed an Ethereum obsession. But my mind was made: I was going to put everything I had into this.

Texts exchanged between Dan and his wife, Eileen courtesy of Dan Conway; illustration by The Hustle After watching me go through years of addiction issues, depression, and corporate misery, Eileen was happy to see me excited about something — even if it was some virtual coin.

But I felt in my bones that this was my shot and I might not get another one. The coins consumed me and changed my entire persona. An email Dan received from his financial advisor in December Courtesy of Dan Conway The alarm bells were sounding. I frantically logged into my Gemini account and weighed my options. I sent Eileen a text: We are done. Life after crypto Shortly after we cashed out, the cryptocurrency market took a nosedive.

Luck played a significant role in my success. Thank you for subscribing. Your submission failed. Please try again! Two of the hottest fitness companies around are suing each other over strappy sports bras and leggings. The backstory At-home fitness company Peloton has long offered …. While there was a 1. From Nov. Free stuff. Retailers like Amazon, Target, and Walmart have left customers pleasantly surprised by letting them keep ….

The overdraft fee. If Jingle All the Way were made today, it might not be Arnold vs. Sinbad, but dads vs. To help keep its rabid audience of 52 million daily active users as of December happily chatting and sharing memes, Reddit is also working on expanding its Community Points crypto token rewards initiative.

In either case, Reddit users can be rewarded for providing quality content to the site, and then the Ethereum -based tokens can be used to unlock additional features within the Reddit community—or swapped for other cryptocurrencies at an exchange. Reddit hopes to bring its crypto rewards to a much larger audience, however. Reddit also partnered with The Ethereum Foundation this past January to work on open-source scaling solutions. Last month, Reddit announced that it will use Arbitrum , a layer-2 scaling solution that works atop Ethereum, to expand the Community Points program.

That commits the data to Ethereum with massively reduced overall transaction fees. Read on the Decrypt App for the best experience.

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