fwiwm2c

Read the follow up comments and don't jump to conclusions. I know you are biased but try to have an open mind.

I got in 2017. Life changing experience.

Yes you can. But those are the minority. People who are ideologically opposed typically don't invest in bitcoin - and over time become salty as they realize what they missed out on.

Just so sad when I read takes like this from uninformed people.

Bitcoin is NOT about payments. Just stop saying that. Bitcoin is store of value. When you think about Bitcoin the closest analogy is gold. Sure it is more volatile but it is a 10yr old asset. If you look at the long term trend (past 10 yrs), your value only increased.

Logic being if you held bitcoin you would be incentivized to read more about it and learn vs. being ideologically opposed and dismissing it like what no-coinists here do.

Exactly the type of people I was referring to in my comment. Read the 2015 thread. You would find people who mirror you.

It is absolutely not - where did I say it was? But you do invest your money in stocks or bonds don't you? Why couldn't you have invested 1% of your capital in BTC in 2018? Just treat it as one of those investments which went well?

It is another level. So many people missed the bus and are just salty or frustrated. I am so surprised that this happened given all of us are in tech (and have good income and awareness of blockchain) and it would have made sense to invest just a bit in all these years to see where that takes us.

Now it is all about how Bitcoin is a ponzi, key reason for climate change and solves no issues whatsoever. Maybe all those things are correct (I don't know) but it sure was a good way to make a lot of money -- and most of the people here just missed it.

And this hate is not new. Look at this well commented thread from 2015 when Bitcoin went down to $180 and HN is still filled with comments like that this is not surprising and they don't see it coming back from hereon: https://news.ycombinator.com/item?id=8884838

We haven't learned anything? Have we?

I was in ads and I would disagree with this. Ads is a great place to be if you are data driven and are in FAANG - who enjoy excellent competitive advantages.

These numbers are ridiculously low. Here is what a typical FAANG setup pays you in the bay area (Source: I have worked in a couple of them):

IC5 Eng (~5 yrs exp): $350k/yr all in (cash+stock+bonus) IC6 Eng (~9 yrs exp): $550k/yr all in IC7 Eng (~12 yrs exp and you are exceptional): $800k/yr

As you go from IC5 to IC7, your stock and bonus goes up (as expected). A typical IC7 will earn around $250k in cash, ~25% bonus (on the base cash salary) and the rest in stock.

Now those $2M houses don't sound too expensive right?

Says someone who is using 1970s technology called ACH and SWIFT to send money over. At least be aware of what is happening around you before attacking other technologies.

You won't. This is why Bitcoin is valuable since it has stood the test of time and has gained more acceptability. Nanos and other nonsense coins are just trying to attack the emperor in the hope that they come close to it and thus make the speculators a lot of money.

Cardano is the daddy of shitcoins. It is the Ripple of this bull run. Literally the only thing it is being used for is speculation. Everything else is "coming soon".

No - not necessarily. IN crypto, it is quite possible to multiply your money when investing in altcoins - purely based on shilling and positioning with no technology to speak of. This is what the OP likely is trying to do here.

He likely didn't read it. People have strong visceral reactions when they hear about Bitcoin - mostly because a lot of them are salty.

Nothing wrong. But then be honest about it vs. actually comparing a nonsense shitcoin with Bitcoin - and misguiding the users

Stop shilling. And to have the galls to say something like Nano has the ability to take on Bitcoin just indicates that you very new to this market - and thus want to make a quick buck by shilling your random shitcoin. The thing which Bitcoin has, and that few others can match, is acceptability from a large swatch of investors and predictable security/emission schedule.

And, just fyi, Nano is not made of users. Go to its reddit and you will see everyone shilling it and having price targets on it. Stop giving such these weak arguments - most of us are in here for the money and don't give two hoots of the technology.

Isn't that the goal of all investmemts? Just admit to yourself that you lost the greatest bull of your lifetime because you weren't smart enough to take the time to understand it.

Good luck with your S&P ETF fund.

Ohh no - someone is staying poor

Looks like someone missed the bus

Didn't realize you wanted books to educate yourself.

It is clear that you don't believe in Bitcoin ("Bitcoin solves a problem for almost nobody") and thus want to use this energy angle to take it down. Good luck. But if you are more open minded read this thread and educate yourself: https://twitter.com/yassineARK/status/1360343382556483587?s=...

Also, have fun staying po...

For sure. But look at long term trends. Since 2008, the trend has just been up and towards the right.

My brain hurts when reading these silly replies. It is like you don't want to learn how things work. BTC has value because people assign to it and there is new money coming in (fiat converted to BTC) which is what makes the existing investors rich.

You all do deserve to stay poor and be labeled as #nocoinists.

If you had taken some time to read about it, you would know better vs. putting your detailed uninformed comment. I am making an informed inference given the ignorance of your comment that you don't have any bitcoins or else you would actually take some time to research on it.

Lets assume it is a ponzi scheme and then make judgments based on that assumption.

As they say - have fun staying poor.

Think about it - if you had invested at any point in Bitcoin before today, you would have made money. But keep on resisting.

I have been in Bitcoin since 2016 and have enjoyed my riches. The next wave of new users will come from institutions. Hacker News audience is not what will pump the price further.

No it is not sarcasm. You all are missing out on the train going right in front of you. The point here is that you all are not even trying to understand the advantages of crypto - with innovations such as DeFi, NFT and Store of Value. For you, it comes back to Bitcoin wasting energy and the fact that it is being used by criminals. Keep on believing your theories while the rest of us become rich.

By the time you understand Bitcoin/crypto, it will be too late for you to make profit from it. Get in now - lot more smarter people are in there and doing wonders for themselves. Look at your friends. Look at colleagues in your company. A lot of them are in. And here you are trying to make sense of it from your perspective. Even Ray Dalio is opening up and fair to say he knows a lot more things about finance and economics than you. Just get in.