Re:Bitcoin still makes no sense
by bconnorwhite on Saturday December 05, 2020 @09:20PM
(#25320439)
This is super common on HN. Just look at threads on Tesla. Fortunately betting against someone with a closed mind is super profitable, because they'll always mis-price the risk/reward.
I don't want to profit from the ignorance over here. What for? I have enough. I'm done. I just find it sad so many bright people are still led to take the wrong decisions.
Someone else said, if god had wanted to help the geeks, it couldn't have been done better - anyone could mine, at the cost of $0 on a CPU back then.
I was bitten by the HN naysayers and didn't. Fortunately, I quickly realized my mistake and just worked in the field.
It's sad so many people want to double down and triple down on their past errors. As long as they can live with the consequences of their actions, I guess it's their problem, not mine. That doesn't make it any less sad.
BTC has been hated on HN since it's creation. Even over 10 years later, the crypto luddites keep coming at it.
Learn by yourself instead of listening to the doomsayers: some people thought independently, like this person in 2011 who was ridiculed here: https://news.ycombinator.com/item?id=2596475
Check the discussion from 2017: https://news.ycombinator.com/item?id=15976946
Then the new one from 2020, 3 months before the current rally: https://news.ycombinator.com/item?id=24259700
Then make your own judgement, as most of the people here won't learn. They refuse to - they are too emotionally invested in their past lapse of judgement, so they need to rationalize it and double down, in the hope that maybe it will crash and everybody will know they were right all along!
It's been going on for over 10 years, so follow their advice at your own risk.