Hacker News new | ask | show | jobs
by ailideex 3281 days ago
> I would have loved to invest in amazon, facebook, etc when they where private.

I'm sure if you wen't to them then and said here is money plz give share they would have considered it. Everybody want's to have gotten into the big giants when they were small - but there are many small cap/penny stock companies you can invest in now ... yet people don't. There are even non listed share trading options. And the reason is because hindsight is 20/20 ... it takes experienced and diligent investors to make good investments that beat the market - it's exceptionally rare.

ICOs are not like getting into Amazon/Facebook/etc early. It's like penny stocks or worse. Could it pay out big ? Sure ... why not. So can the lottery. But there is no enforcement on any of these things in the real world, no shareholder rights and no protections.

> People put up lot of BS project and they got funded, in time these kind of project will fail on there own.

People keep funding these BS projects and loosing their money though. Let's not pretend nobody is loosing, and I'm actually pretty sure with kick-starter garbage most of the time nobody is winning.

> For once, the small guy can participate in this market.

I'm not sure what market you think you were excluded from, but I doubt this was the case.

> You had to have the connection and access .. here the little guy in columbia or Africa has the same access to such a deal

... this is just wrong.

1 comments

- try investing in a high flying startup as a non-accredited investor.
Thank you, that is what i am talking about. I don't mind trying my chance by investing a few K in a good idea, that can get me astronomical return.
There are options for investing in Reg D companies - and I would like you to give some actual examples of where you would have done this for Reg D companies if you could - and how you tried to invest in Reg D companies and how you were turned down.

The main reason why your line of thinking is flawed is - most cases if you know the people to a point where you trust them to invest in them - you will be covered under Reg D affilated investor - and in other cases you probbably would not invest anyway.

Further, so far I have yet to see a practical example where crypto actually acts as shares - with the same protections (but via smart contracts or whatever). So while maybe one day, so far it has not delivered on this promise.

Your basically happy that at the moment crypto allows you to do exceptionally stupid things with your "money".