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Guy puts live savings and son's college fund into MtGox
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Date: February 25th, 2014 9:12 PM Author: hilarious background story space *life
I want to start off by saying that I've been waiting for this moment for a while. I knew it was bound to happen sooner or later, as soon as we weren't able to withdraw our coins from Mt. Gox weeks ago. I stupidly had my life's savings in bitcoin, and when the price started to fall, I converted to dollars and watched the price plummet. I lost $357,000. Not to try to earn a bunch of sympathy or anything but this was not only my money but it was going to be my 5 year old son's education fund which i took out of fidelity about 1 year ago to mess with bitcoins. I dont know what the fuck to do any more. I'm sitting here on reddit looking for comfort or just something but I don't know what I'm going to do now at all. I don't have shit to live for any more and the only thing I have left is just talking about it here I guess. I can't express what I'm feeling right now. THat shit was just sitting there and I couldn't take it out how could this whole shop just pack up and dissapear? I don't know if anyone here knows the facts or whats going on but I want to or if you have any slighest shred of evidence that its possible they arent really gone please et me know here. if im never going to see my money again all of it im going to either kill myself which i dont want to do because i want to live even though i have nothing to live for now, except my son who is now completely fucked |
Date: February 25th, 2014 9:14 PM Author: fighting circlehead area That's a lot of money, breh. Guess your 5 year old is just gonna have to bootstrap it. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087899) |
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Date: February 25th, 2014 9:15 PM Author: Arousing jew How does that guy have a higher net worth than everyone on this board? (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087903) |
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Date: February 25th, 2014 9:16 PM Author: aqua legend locus *did* (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087916) |
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Date: February 25th, 2014 9:16 PM Author: Concupiscible point Not anymore. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087920) |
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Date: February 25th, 2014 9:22 PM Author: Stirring twisted elastic band Lol, it's still bigger than mine. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087973) |
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Date: February 25th, 2014 9:16 PM Author: aqua legend locus post links. these people got so caught up in the dream of easy money that they were just idiots about it. suckers, every one of them. I understand losing a few thousand, maybe even more, but i have no sympathy for anyone who lost more than maybe 5% of their net worth on something so speculative. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087915) |
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Date: February 25th, 2014 9:17 PM Author: hilarious background story space http://www.reddit.com/r/Bitcoin/comments/1yv26o/gox_horror_story_thread_how_much_did_you_lose/cfo57gh (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087927) |
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Date: February 25th, 2014 9:20 PM Author: Wine sanctuary laser beams this is way beyond the typical idiocy of the bitcoin speculators. this dumb fucker kept his fortune stored on an exchange, which there is no good reason to do and exposes you to a huge additional risk. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087956) |
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Date: April 24th, 2026 2:05 PM Author: godcow (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#49839961) |
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Date: February 25th, 2014 9:16 PM Author: swashbuckling athletic conference How does someone have $350,000 and not read up on paper wallets or how Mt. Gox was shady as fuck for YEARS before this happened? (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087917) |
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Date: February 25th, 2014 9:17 PM Author: Concupiscible point But bitcoin was going to the moon (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087922) |
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Date: February 25th, 2014 9:17 PM Author: fighting circlehead area Send me a $50,000 cashier's check and I'll get it all back for you. ALL OF IT (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087926) |
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Date: February 25th, 2014 9:18 PM Author: claret boltzmann of all the things to be mournful about, a fucking college fund is not one. it's easy to put yourself through college if you're halfway smart and get scholarships. in fact, this is prolly a boon for the kid as it will motivate him to work hard instead of sitting on his ass. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087933) |
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Date: February 25th, 2014 9:19 PM Author: Submissive gold business firm private investor what is life without an expensive private university education? (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087946) |
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Date: February 25th, 2014 9:20 PM Author: hilarious background story space "this is prolly a boon for the kid as it will motivate him to work hard instead of sitting on his ass."
lol, tyft |
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Date: February 26th, 2014 1:02 PM Author: Talented center Yeah, even in the pre-PAYE world that would've been a retarded statement, but now... (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25091625) |
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Date: February 26th, 2014 1:06 PM Author: rebellious keepsake machete church building the first two sentences were correct, though (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25091652) |
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Date: February 25th, 2014 9:21 PM Author: Concupiscible point I just read through the comments. Looks more like his life savings was like $35K and he invested in bitcoin a year ago. So the 350k number is more like his paper earnings. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087957) |
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Date: February 25th, 2014 9:31 PM Author: aqua legend locus i figured so much. a bunch of unrealized gains. still, he lost the $35k he invested, and still, he probably should not have invested more that a couple thousand into something so risky. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088041) |
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Date: February 25th, 2014 9:33 PM Author: Racy Bipolar Water Buffalo a person with 35K in lifetime savings should not be involved in currency speculation, let alone speculating in an unregulated crypto digital currency.
jfc. these people are fools. |
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Date: February 25th, 2014 9:42 PM Author: aqua legend locus speculative bets are fine, but dude should have limited this to 5%-10% of his savings. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088137) |
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Date: February 25th, 2014 9:33 PM Author: Concupiscible point Agreed (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088068) |
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Date: February 26th, 2014 1:08 PM Author: rebellious keepsake machete church building ah, then it's just flame. it was worded stupidly in order to get people talking. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25091659) |
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Date: February 25th, 2014 9:24 PM Author: Transparent messiness jap 180 (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25087988) |
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Date: February 25th, 2014 9:33 PM Author: multi-colored principal's office prole back when bitcoins were underground and hadn't been talked about in mainstream media, how much were they worth? like, I know they were used to buy drugs and shit, so based on that, what kind of value are we talking? (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088062) |
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Date: February 25th, 2014 9:33 PM Author: Racy Bipolar Water Buffalo pennies, back in the day (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088073) |
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Date: February 25th, 2014 10:00 PM Author: multi-colored principal's office prole 180 moniker (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088304) |
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Date: February 25th, 2014 10:07 PM Author: yapping office seconded (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088332) |
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Date: February 25th, 2014 9:49 PM Author: heady unhinged kitty cat pennies then dollars (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088200) |
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Date: February 25th, 2014 11:48 PM Author: Amber adulterous death wish national One year ago I was thinking about buying a Macbook Pro from a gray market seller off deep web. He quoted me a price of 45 bitcoins and said we could also do escrow for 750 bucks. So at this time last year they were worth ~18 dollars. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25089141) |
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Date: February 25th, 2014 9:33 PM Author: house-broken charismatic mother tank so his kid goes to state school/gets financial aid and scholarships/takes out loans. boo hoo. learn from your mistake and move on. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088063) |
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Date: February 25th, 2014 9:34 PM Author: Walnut irradiated garrison Kid is 5, there is plenty of time to save for college still. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088081) |
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Date: February 25th, 2014 9:41 PM Author: flirting maroon public bath Still time to "maek it" (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088134) |
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Date: February 25th, 2014 9:43 PM Author: aqua legend locus the real tragedy for this kid is that his father is such a sucker. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088143) |
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Date: February 25th, 2014 9:43 PM Author: Electric hyperventilating old irish cottage menage Probably bullshit looking for smpathy handouts (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088147) |
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Date: February 25th, 2014 9:59 PM Author: Self-centered Vigorous Queen Of The Night Mad-dog Skullcap I can see the Kickstarter page now... (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088296) |
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Date: February 25th, 2014 10:59 PM Author: Honey-headed Bateful Volcanic Crater School Cafeteria Tree fiddy (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#25088723) |
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Date: April 24th, 2026 2:01 PM Author: which is what makes time travel possible (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#49839959) |
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Date: April 24th, 2026 2:05 PM Author: fear of a faggot planet (🧐) Well on the plus side he would theoretically have like 30 million dollars today, if he hadn't gotten robbed. (http://www.autoadmit.com/thread.php?thread_id=2503819&forum_id=2Reputation#49839964) |