Re:Show HN: The Coinbase FOMO Calculator
by roenxi on Tuesday June 14, 2022 @04:55AM
(#31736336)
You have to be ruthless towards your own intuitions when investment. Human nature is absolutely geared towards buying high and selling low, and it isn't the first impression that gets you but the slow pressure in situations where social proof says you were wrong (although social proof proves nothing about money).
Just because someone was actively monitoring crypto & then missed out as the price went from $1 to $10,000 still doesn't mean they have misjudged. Even if crypto is the future - and I've become convinced that it is for privacy reasons - there was still scant evidence of that during Bitcoin's rise. There have been no great arguments circulating to explain why someone should buy in and a lot of the people who made money look like they just got lucky.
Just because someone was actively monitoring crypto & then missed out as the price went from $1 to $10,000 still doesn't mean they have misjudged. Even if crypto is the future - and I've become convinced that it is for privacy reasons - there was still scant evidence of that during Bitcoin's rise. There have been no great arguments circulating to explain why someone should buy in and a lot of the people who made money look like they just got lucky.