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by beefield 959 days ago
> First, you gave to either understand the underlying technology, or someone you trust have to understand it sufficiently to be able to say "this is bullshit", or "this is a great novel idea that makes a lot of sense".

> Then you invest a bit of your really disposable income in it

Sorry, but I find it a bit funny that in your "winning strategy" you seem to invest on the second step regardless if you in the first step ended in the "this is bullshit" or not. (full disclosure, so far, every crypto thing I have seen has fallen to the "this is bullshit" bucket in my opinion. But I guess my "if it looks, walks and smells like bullshit, don't touch it with a ten foot pole" is not a winnig strategy.)

2 comments

>Sorry, but I find it a bit funny that in your "winning strategy" you seem to invest on the second step regardless if you in the first step ended in the "this is bullshit" or no

Perhaps this is my failure to express this clearly, but I thought it obvious you don't invest if you think it's bullshit.

Well, yeah: If it's bullshit, you invest and then make sure you spread the word so there are enough people under you in the pyramid to keep you solvent.
Haha, very funny. I thought its obvious you don't invest if its bullshit. Also the whole point of using disposable income is that even if it tanks you stay "solvent". And no, look through my decade long comment history and you'll see not a single instance of me promoting crypto to anyone. In fact I actively discourage people who are looking for real investment from it.