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A comment on Ask HN: Anyone lost a lot of money with NFTs/Cryptos? What's your story?. Parent comment

Re:Ask HN: Anyone lost a lot of money with NFTs/Cryptos? Wha... by ecshafer on Tuesday October 24, 2023 @10:47AM (#37999909)
I knew about bitcoin before 2012. I had a friend try to convince me to mine some with my beefy desktop, since “its the future”. I thought it sounded like a dumb ponzi scheme. It might still be a dumb ponzi scheme but i fucked up bad on thay one.
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Re:Ask HN: Anyone lost a lot of money with NFTs/Cryptos? Wha... by kylebenzle on Tuesday October 24, 2023 @11:25AM (#38000475)
You can still buy Bitcoin today!
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Re:Ask HN: Anyone lost a lot of money with NFTs/Cryptos? Wha... by ecshafer on Tuesday October 24, 2023 @11:39AM (#38000683)
Big difference between mining coins that in hindsight reached whst $20k in value each and buying the coins lol
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Re:Ask HN: Anyone lost a lot of money with NFTs/Cryptos? Wha... by spacemanspiff01 on Tuesday October 24, 2023 @12:54PM (#38001878)
Ha, yeah I remember in high school looking into Bitcoin, thought it was cool.

Then I realized it would never be useful as a currency due to the Bitcoin cap making it deflationary.

I still don't disagree, and most of Bitcoin is speculation and fraud, but the correlation of Bitcoin being deflationary is that the value will only go up.

So, Doink.

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