[koonsolo]

These commenters missed out on the most lucrative investment of their lifetimes. In their own family and social environment they are considered the technical people, and they get questioned as why they didn't invest. Why they didn't foresee this.

So to keep their own ego alive they must now convince themselves they were right all along, the others just don't see it yet. They are of course very bitter and wish their own suffering onto others.

I, on the other hand, made a shitton of money in crypto, and cashed out a part so I can never lose. The people that I described above really hate these kinds of comments so I'm surely going to be downvoted to hell.

So I'll leave this comment with a crypto-usecase of a fellow HNer: https://news.ycombinator.com/item?id=31996612

[boeingUH60]

"I benefitted from a Ponzi scheme and you should too"...for every person who cashed out from something technically worthless, there are many others that lost their shirts too...this isn't a valid argument.

[koonsolo]

Did I say you have to buy too? No. I said people are very resentful that they missed out. "missed out" is past tense.

[boeingUH60]

Or more like, they hate scams and things that offer no additional value except for illegal activities and environmental destruction maybe?

[imtringued]

I don't get it. I didn't have ten thousands of dollars lying around that I could have invested in 2014 when the hype started but the price was still low. I was in highschool. My mom told me she wanted to invest in Bitcoin at the $20k price point in 2017. Bitcoin is below that now.

What Bitcoin does is reward people who have excess money lying around and who can take the loss. Any person who actually needs their money can't invest into something like that.

[koonsolo]

> ten thousands of dollars lying around that I could have invested in 2014

Neither did I, nor would I invest so much. $50 would have given you $5000.

> Any person who actually needs their money can't invest into something like that.

The trick is to keep high-risk investments very low. Let's say you have some money you are saving up. You could invest 1% of that in a high risk thing such as crypto. When it goes to zero, you only lose 1%. However, when it does the bitcoin thing and goes x100, you just doubled your total savings.

I agree that when you are in highschool and put $20 or $50 in that, it's a gamble.

But just to be clear, I have nothing against people not investing in crypto. I have a problem with all the people here that seem very resentful and just hope to see everyone in that space lose money.

[jiggawatts]

“I won Russian roulette, you should play too!”

[jbverschoor]

Everybody on HN is playing the stap Russian roulette, and many fail to win, but still people recommend it

[koonsolo]

Forgot to take a look at the use-case?