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Comment by trabant00 | Hacker News Reader

> these people just dont want to see something they missed out on succeed

There is no missing out though. There is buying when it's lower and selling when it's higher and you can do that starting now as you always could. Or buy and hold if you think that's what you should do or whatever.

I really have no dog in the fight and don't really care one way or another. Just for the sake of the argument though: something can be complete shit with no redeeming qualities. It is not a must that it's good but imperfect and that it requires a solution to make it better. So the opinions of "no-coiners" are not inferior by default. You have to actually prove that they are with some form of argument or evidence.

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> There is no missing out though. There is buying when it's lower and selling when it's higher and you can do that starting now as you always could.

And that can also be true of pyramid schemes with no redeeming qualities, Bernie Madoff style fraud, or of sheer random gambling. You have to actually prove that blockchains are not in those categories.

> There is no missing out though.

If you were aware of Bitcoin when it was worth a couple hundreds of dollars and you wrote it off as a fad or whatever and turns out you were completely wrong about it, you would definitely feel like you missed out, no? Sure, better late than never, but you still can't change that feeling.

In the same way, we could say there were people who “missed out” on buying Pets.com stock and selling it before it peaked. It doesn't invalidate the point of view of people who were Pets.com skeptics on the ride up.

Of course, the question then becomes whether Bitcoin will be more like Pets.com or whether it will climb higher. I have a guess, but I don't claim to know for sure.

Pets.com started in 1998 and was gone by 2000, it's more like the ICOs of 2017. Bitcoin has been alive for almost 12 years now and is stronger than ever before. I'm not sure that's a fair comparison.

> Bitcoin has been alive for almost 12 years now

Bernie Madoff's fraud lasted longer than that.

There's no rule that markets can be extremely irrational, but only for up to two years.

Let me give you my experience: people begged me to get into bitcoin when it was a couple of $. It just didn't sound interesting to me so I ignored it. Did I miss out? Yes, but MAYBE a few hundred $. I would have sold at 50 and I would have absolutely sold at 100$, get a nice phone and that's that. In no scenario would I have bought at 5 and hold on to it until it was 40k.

Not to mention that the entire argument is based on a get rich quick scheme which is exactly what the doubters argue crypto coins are, and the entire post which I replied to originally can be summed up to 50Cent "You just jealous cause I'm rich".

Feel that I missed out, why? If your investing strategy relies on being able to predict the future prices of individual assets it's not a very good strategy, and having been right about a particular asset doesn't mean you're smart or that you're a skilled investor. Anyone who knows anything about investing knows this.

But that's true for oodles of things. Yes, I could have mined some BTC a decade ago. Yes, I could have gone to the lunch when they gave out free XLM. But there are also an absolutely enormous number of ways I could have made megamillions. I could have bought a ton of GME last year.

This approach enables you to disregard the opinion of literally everybody who owns no BTC. That's going to cause trouble.

> If you were aware of Bitcoin when it was worth a couple hundreds of dollars and you wrote it off as a fad or whatever and turns out you were completely wrong about it, you would definitely feel like you missed out, no?

I was aware of Bitcoin when it was under a dollar. I wrote it off as a fad. I continue to write it off as a fad, albeit one that became more dangerous than I expected.

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