Comment by alistproducer2 | Hacker News Reader

Comment by alistproducer2 | Hacker News Reader

I've been a blockchain watcher since 2010. I started (and abondoned) the first Ethereum meetup in ATL. After having several chances to become a blockchain millionaire and staying on the sidelines, I finally dove in 4th quarter of last year. I watched $3k turn into $115,000 in about 3 months, then watched it evaporate back to $3k. Saying I have a few crypto regrets is the understatement of a lifetime. That being said, this space has taught me one of the most valuable business lessons - skeptics stay broke while dreamers and sale people buy lambos.

Whenever webster's gets around to defining "shitcoin" "TRX" should be the first synonym but that hasn't stopped Justin Sun from raking in billions and now buying BitTorrert. Projects putting out products and/or developing hardcore tech like new virtual machines sitting on the sidelines and Justin Sun's are joining the 3 comma club. Capitalism rarely rewards the best and we're just getting to witness this firsthand.

> skeptics stay broke while dreamers and sale people buy lambos.

And if you believe that, you still haven't learned anything. Only a tiny fraction of crypto "investors" will ever get return on their investment. Only the people at the top of the pyramid will win. You yourself helped line the pockets of the scammers who reeled you in.

The entire space is a giant scam. And yeah a couple people walked out with lambos, but so did Bernie Madoff and the Enron execs.... until the rug was pulled from under them....

You clearly are not very knowledgeable about the space. Lots of people got very rich, not just a tiny fraction and doing so didn't require investing in an ico. When I started the meetup, ETH was trading at around $6. You do the math on how much a $2500 position ended up being worth in Dec of 2017. There a ton of legit tech in the space. There's also lots of gold-rush scanners. My 3K to 115K wasn't the result of an ico. I got in well after the ico at $0.05 and it went to $0.11. Had I been smart enough to liquidate at even a $0.09 level I literally could've bought a 2013 limbo (I looked just to torture myself).

I don't know why you have any regrets - you apparently have capital to burn, you say you have learned the lesson, and there's a shitload of cryptoblockchaincoin opportunities out there and new ones everyday. Apply your lesson, become rich like 'lots of people' and then post a pic of that Lambo on #MyCryptoLambo with the rest of us!

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