[Grazester]

On the same note, a relative asked me the same thing when they IPO.I thought if Google could make money selling ads why couldn't Facebook. I bought in at IPO price for them. I sold for them about 2 years ago when the price was dropping due to privacy scandals.

[CobrastanJorji]

I've been giving the wrong answer to "Should I buy Bitcoin" since 2011 or so. I was bearish on Amazon when its stock was at 60 because its P/E ratio was ridiculous. I've learned to just be comfortable with the fact that I'm wrong a lot.

[TylerE]

You're not necessarily wrong. It's a long held truism that the market can remain irrational longer than you can remain solvent.

[dllthomas]

If you're right about what the market should, rationally do, and it does something else, you were still wrong.

[dllthomas]

I think I successfully communicated, and I'm getting upvoted, but my wording was imprecise. Would that I could edit to add: "[...] if you thought that is what it would do."

[chillacy]

Either one is right or the market is irrational? Seems like by that logic one can never really be proven wrong.

[TylerE]

You can be right, the market can be wrong, and then the market can crash before you can exit the position.

Imagine, for instance, trying to get actual USD (NOT USDT!) for BTC when that fever dream ends.

[ric2b]

You can get USD for BTC right now, you've been able to get if for nearly a decade and there have never been as many reputable exchanges as there are now.

[TylerE]

The exchanges tend to "go down for maintenance" on any big price swing.

[zelly]

there is no end. crypto will continue to swallow up all the world's capital and you'll be furious at how many leading zeros there are in your BTC-priced paycheck.

[zelly]

that's just delusion and cope. if the price keeps going up for years, then no matter what you think you're wrong. the market isn't being irrational, you are.

[hawk_]

If you're consistently wrong there's alpha even in that, just doing the opposite would work wonders.

[Calamity]

hahaha, don't sweat it mate. I'm right along there with you. I was surrounded by people dropping buckets of cash for GPUs back at the dawn of deep learning and was therefore naturally tempted to buy Nvidia's stock price (30$ at the time). In the end, I shied away due to the high PE too.

I take solace in the fact that some of biggest regrets or mistakes that Warren Buffet & Charlie Munger say they have made are those that you don't see - the deals they could have done but didn't and, in retrospect, should have.

[annadane]

Why the hell is HN so downvote happy?

[Exmoor]

> Please don't comment about the voting on comments. It never does any good, and it makes boring reading.

> Please don't post comments saying that HN is turning into Reddit. It's a semi-noob illusion, as old as the hills.

https://news.ycombinator.com/newsguidelines.html

[packthetop]

Copy+pasting the rules is even more boring, just move on

[Wowfunhappy]

I actually think it's good to have the community enforce/explain our standards from time to time, within reason. Dang can't see everything, and where he does it takes time to respond. Downvoting/flagging works too, but some may legitimately not know that they've broken a guideline.

[rd]

I feel like there's a relevant XKCD here about the irrelevance of commenting on irrelevance but I'm struggling to remember which.

[hyperdimension]

Well, it's not all that relevant to the conversation at hand, anyway... :)

[annadane]

Yes, but it's also clear that there's something very funny going on here, rules be damned

[UhDev]

Why can't I downvote?

[Wowfunhappy]

You need 501 karma.

[UhDev]

Thanks for answering my question instead of downvoting it!

[Shared404]

You may find this page helpful, I know I did (In the sense that it let me better understand what all was going on).

https://github.com/minimaxir/hacker-news-undocumented

[tacocataco]

That 1 is triggering my OCD.

[Wowfunhappy]

Well, you could also phrase it as “You need more than 500 karma.” :)

[fortran77]

/r/LOLHackerNews