off-topic Is anyone invested in meme stocks (GameStop, AMC, etc.)?

[Harsh World]

I invested pretty heavy before the January 2021 run of both GME and AMC, but I thought they had the potential to go higher.

And they did, in June 2021.

However, the greed in me thought they could go higher in a 3rd run.

I probably wouldn't have been here if I listened to my wife and sold in June, having enough profit to buy a second house, have plenty left for a luxury or sports car, and pad my retirement account.

But, here I am, at the end of 2024, still holding.

I'm now down around 70%. My options are the only thing holding me up that high or else I'd be more around an unrealized loss of 90%.

I've lost so much money — that I was willing to lose — that I'm at a point where there's no way I'm selling until I'm at a profit again, or at least breakeven on my options to let the shares ride.

Did anyone else get caught up in the meme frenzy and walk with loaded pockets, lose any selling out of fear, or still in "the play"?

 

[Cpvr]

I’ve personally never invested into the Gamestop stock, but some of my friends have and they also lost some money.

I currently own 889k shiba inu coins, but I plan to invest some more into soon. I had over a million a few months ago, but I sold some when the price was high.

 

[Harsh World]

I currently own 889k shiba inu coins

I have roughly 30 million.

Yesterday, technically speaking, $AMC had a pretty good day to see a push. We're just going to need to break to 50ma and we might see a large pop in price. If that happens, I could sell 1/2 my contracts and break even on my entire investment, letting the rest ride.

 

[Cpvr]

I have roughly 30 million.

Yesterday, technically speaking, $AMC had a pretty good day to see a push. We're just going to need to break to 50ma and we might see a large pop in price. If that happens, I could sell 1/2 my contracts and break even on my entire investment, letting the rest ride.

How much did you spend to get that many if you don’t me asking? My mom has a few million as well and one of my buddies does too. I need to step my game up before it goes back up. How has AMC been performing lately?

I also have 37 Pi network coins that I mine through the app. I’m not sure how much it’s worth yet since I haven’t transferred them over to the mainnet yet.

I wish I invested something into the Reddit stock when they went public lol. Their stock might be a good investment.

 

[Harsh World]

How much did you spend to get that many if you don’t me asking? My mom has a few million as well and one of my buddies does too. I need to step my game up before it goes back up. How has AMC been performing lately?

I invested exactly $0 into my cryptocurrencies.

I was part of a grey-hat network that had a combined 100s, if not 1000s, of emails that we used for various purposes (blog posting, etc.).

Stellar ($STR at the time, now Lumens, $XLM), did an "airdrop" of 100-1000 STR (I forgot the exact amount) to each email account. We added them into one wallet and then distributed them amongst us proportionately to how many emails we provided.

But, I am way down on my investment.

Had I just kept my ~150,000 STR, I'd be far better off because I immediately converted it to something like 60-40 Bitcoin/Ethereum (which would've given me Bitcoin Cash and Bitcoin Gold forks). I did the math on it before, and just with the ETH, I'd be at over $200k.

 

[Immortal]

No with Meme stocks but I made a similar mistake with meme crypto tokens. I invested around $100 in Not coin and I should have sold it when the value of my position was $700 but I was greedy. But Thankfully I managed to sell before it dropped too low and managed to earn some profits.

 

[Harsh World]

But Thankfully I managed to sell before it dropped too low and managed to earn some profits.

Can't say the same for myself with some meme coins.

 

[Immortal]

Can't say the same for myself with some meme coins.

Well, I have tried half a dozen meme coins and some coins have made me good profit and some coins made me lose my investment. But in totality, I have always been on a profitable side. I started investing in meme coin because I heard stories of people who became millionaires by investing in meme coins. But that is not just happening to most of us.

 

[Harsh World]

Well, I have tried half a dozen meme coins and some coins have made me good profit and some coins made me lose my investment. But in totality, I have always been on a profitable side. I started investing in meme coin because I heard stories of people who became millionaires by investing in meme coins. But that is not just happening to most of us.

I'll always be on the profitable side having gained my stash through Stellar (STR; now Lumens/XLM) wallet air drops, spending some here and there over the past decade, and still up.

 

[Unlocked]

I've never invested in any sort of meme stocks, but going through this thread and seeing some mentions of cryptocurrencies makes me reminisce to my teenage years. I remember at one point having 150 bitcoins in a wallet that I lost - this was when the value of a Bitcoin was about $2. I was devastated at the time - don't know quite how I'd react now. Still gutted that they're gone forever and are essentially irrecoverable.

 

[Harsh World]

I remember at one point having 150 bitcoins in a wallet that I lost

It makes me wonder how much Bitcoin is in locked or in forgotten wallets...

There will only ever be 21,000,000 BTC in existence, and how much of that has been lost? It makes it more scarce, in a way.

 

[Unlocked]

It makes me wonder how much Bitcoin is in locked or in forgotten wallets...

There will only ever be 21,000,000 BTC in existence, and how much of that has been lost? It makes it more scarce, in a way.

It's unfortunate but lots of people have tried (and failed) to gauge just how many Bitcoins are "lost". The problem is that:

1) Tracking "lost" Bitcoins generally relies on users' self-reporting losses. There is no way to verify these reports currently.
2) Some have tried to track lost Bitcoins by tracking wallets that haven't made any transactions for x length of time, the problem with this method is that there's no way to know for sure if the wallet has been lost or if it just not active at that time. Many times wallets have appeared on "lost" lists only to suddenly become active and spend their 2000 "lost" BTC.
3) The mathematical formula behind Bitcoin means that no Bitcoin is ever 100% truly "lost", as it is theoretically mathematically possible to re-generate a private key for a bitcoin public wallet address. Granted, it would take an insane amount of computer power and time to do it reliably, but we don't know what the future might hold, and for this reason, one should never consider any Bitcoins truly "lost".

 

[Harsh World]

3) The mathematical formula behind Bitcoin means that no Bitcoin is ever 100% truly "lost", as it is theoretically mathematically possible to re-generate a private key for a bitcoin public wallet address. Granted, it would take an insane amount of computer power and time to do it reliably, but we don't know what the future might hold, and for this reason, one should never consider any Bitcoins truly "lost".

Couldn't this make it lost then found? Like, finders, keepers on any public inactive wallet?

 

[Unlocked]

Couldn't this make it lost then found? Like, finders, keepers on any public inactive wallet?

Theoretically, yes.

Strictly speaking, if you had access to enough computing power, you would be able to generate the private key for any Bitcoin wallet. So you could pick the Bitcoin wallet with the highest current balance, and "bruteforce" attempts to generate the private key. This is actually possible, the reason it hasn't succeeded so far is because it requires such a high amount of computing power, you'd likely need to control something like 10% of the whole world's computing power at a single point to even have a chance of being successful.

 

[Immortal]

I've never invested in any sort of meme stocks, but going through this thread and seeing some mentions of cryptocurrencies makes me reminisce to my teenage years. I remember at one point having 150 bitcoins in a wallet that I lost - this was when the value of a Bitcoin was about $2. I was devastated at the time - don't know quite how I'd react now. Still gutted that they're gone forever and are essentially irrecoverable.

Having 150 Bitcoins and then losing the wallet, this is certainly devastating. Since you mention the price of bitcoin as $2, this must be around 2010.
Based on the current value, your 150 bitcoins are $1.5 billion.

 

[Unlocked]

Having 150 Bitcoins and then losing the wallet, this is certainly devastating. Since you mention the price of bitcoin as $2, this must be around 2010.
Based on the current value, your 150 bitcoins are $1.5 billion.

Not quite $1.5billion, more like $15million, but nevertheless, absolutely still hard to think about!

2010 or so rings a bell, possibly into early 2011... Sad times.

 

[Immortal]

Not quite $1.5billion, more like $15million, but nevertheless, absolutely still hard to think about!

2010 or so rings a bell, possibly into early 2011... Sad times.

I miscalculated. Still 15 million is very big amount. I once lost $5 worth of bitcoin when the price was $700. I lost because I changed my phone and could not access my Bitpay wallet.

 

[Shadow]

It happens. What if you had sold in June, but the prices doubled afterward? That would have been bad too. This happens to everyone, including me. So, stay positive and focus on finding the right time to sell these off at a profit.

 

[Ja sa bong]

I don't have any knowledge on how to start the investment from the beginning. It's why I never bothered about it. If I had known better about stocks, I might have done something and take advantage when it was lucrative.