5 ms·

Should Have Bought – Hindsight to see what you should have bought

52 points by davkap92 9y ago

matt_wulfeck 9y ago
Exactly the type of FOMO and greed that's driving up prices now.
- nannal 9y ago
  Fear of missing awt?
  - StringyBob 9y ago
    Fear of missing alpha? https://en.wikipedia.org/wiki/Alpha_(finance) https://en.wikipedia.org/wiki/Alpha_(finance)
- rorykoehler 9y ago
  If everyone who should have bought bought then the prices would have been sky high so it's all irrelevant. I guess that's what's happening now. Looking forward to watching the shake out.
  - Aeolun 9y ago
    I've been waiting for that for years, but it never happened.
    - rorykoehler 9y ago
      Huge ICO's based on promises with no concrete proofs will change all of that.
- ckastner 9y ago
  Agreed. The fact that the site only supports Bitcoin, Litecoin, and Ether makes me even suspect that it's only purpose is to fan the flames.
  - lazyjones 9y ago
    Well, someone has to buy these coins for earlier investors to realize their profits.
  - dekz 9y ago
    It's because its a thin layer ontop of a Coinbase Referral (Coinbase only has BTC/ETH/LTC)
beefsack 9y ago
"Should have bought" is nowhere near as painful as "had but didn't see the point and lost the wallet." We were one of the relatively early businesses to accept BTC as a payment option, and even though we only took a few hundred dollars worth of BTC in 2011, it boggles the mind what it would have been worth today.
- daptaq 9y ago
  On the other hand, finding ones old wallet is even more of a delight. I lost mine (luckily I kept the keys in a backup, but I forgot about it until now) somewhere around 2015, with about 20€. When I managed to recover it a few days back, I was happy to see that it was now nearly worth 130€! And the best thing was that I didn't even spend a cent to buy the coins in the first place, but instead someone just gifted them to me on /r/Bitcoin when they were worth around 15€. One time it even fell down to 6€...
- verroq 9y ago
  https://news.ycombinator.com/item?id=14452969 https://news.ycombinator.com/item?id=14452969
ven_bug_trap 9y ago
This is kind of amusing; they should add more currencies and maybe other types of assets. Although, as others have mentioned, the kind of thinking this encourages isn't healthy to the cryptocurrency ecosystem. Very few important developments are driven by a fear of missing out.
- Frogolocalypse 9y ago
  > Very few important developments are driven by a fear of missing out. Space program? Code-breaking? Nuclear weapons? Dot-com boom? Real-estate? Search-engines? Social media? Oil? Gold-rush?
- thisisit 9y ago
  It's a cleverly disguised landing page for coinbase affiliate program. Three coins on coinbase are already listed.
Aeolun 9y ago
I think the only thing this shows is that there's no bad moment to get in :P
OliverSadie 9y ago
It's a Coinbase commercial. Good work.
- H4CK3RM4N 9y ago
  Beyond that, it seems that it's actually been set up by someone called Jason van den Berg(@jayvdb1 on twitter) to bait people into using their referral link.
  - jayvdb1 9y ago
    My bad, wasn't intended to come across as just baiting people. Put this together 2 days ago as an experiment using the coinbase api. Figured couldn't hurt putting the referral in. I'm going to add more investments like Apple shares and a few other popular ones. Would that make it less scammy? Appreciate the feedback
bryanph_ 9y ago
Tools like this just add to the bubble. Pretty much all "ICOs" are just pump and dump. Very few people actually know what they are getting in to.
sprt 9y ago
Made something similar for visualizing a dollar-cost averaging strategy: https://docs.google.com/spreadsheets/d/1Uic759wn21aJo6COMtxg857gH1Uv0gGzimGxhN53XWc/edit https://docs.google.com/spreadsheets/d/1Uic759wn21aJo6COMtxg... (see 2nd sheet)
justinjlynn 9y ago
These are the kinds of tools who's design is such that I can't tell if they're evil or brilliant. On one hand, I know it's a manipulation of "could have, should have" -- the fear of missing out or having missed out -- and much like a visual illusion you know it's a completely fake form of regret. At the same time, no matter how much you stare at it, even knowing it's completely fake, you can't make it go away.
amitport 9y ago
this is depressing (gif) http://gph.is/2c6rAL9 http://gph.is/2c6rAL9
- nulldev 9y ago
  It's meant to be. No different from an "app" showcasing whether you should or should not have bought apple stock in 2004.

52 points by davkap92 9y ago

matt_wulfeck 9y ago

Exactly the type of FOMO and greed that's driving up prices now.

nannal 9y ago
Fear of missing awt?
- StringyBob 9y ago
  Fear of missing alpha? https://en.wikipedia.org/wiki/Alpha_(finance) https://en.wikipedia.org/wiki/Alpha_(finance)
rorykoehler 9y ago
If everyone who should have bought bought then the prices would have been sky high so it's all irrelevant. I guess that's what's happening now. Looking forward to watching the shake out.
- Aeolun 9y ago
  I've been waiting for that for years, but it never happened.
  - rorykoehler 9y ago
    Huge ICO's based on promises with no concrete proofs will change all of that.
ckastner 9y ago
Agreed. The fact that the site only supports Bitcoin, Litecoin, and Ether makes me even suspect that it's only purpose is to fan the flames.
- lazyjones 9y ago
  Well, someone has to buy these coins for earlier investors to realize their profits.
- dekz 9y ago
  It's because its a thin layer ontop of a Coinbase Referral (Coinbase only has BTC/ETH/LTC)

beefsack 9y ago

"Should have bought" is nowhere near as painful as "had but didn't see the point and lost the wallet." We were one of the relatively early businesses to accept BTC as a payment option, and even though we only took a few hundred dollars worth of BTC in 2011, it boggles the mind what it would have been worth today.

daptaq 9y ago
On the other hand, finding ones old wallet is even more of a delight. I lost mine (luckily I kept the keys in a backup, but I forgot about it until now) somewhere around 2015, with about 20€. When I managed to recover it a few days back, I was happy to see that it was now nearly worth 130€! And the best thing was that I didn't even spend a cent to buy the coins in the first place, but instead someone just gifted them to me on /r/Bitcoin when they were worth around 15€. One time it even fell down to 6€...
verroq 9y ago
https://news.ycombinator.com/item?id=14452969 https://news.ycombinator.com/item?id=14452969

ven_bug_trap 9y ago

This is kind of amusing; they should add more currencies and maybe other types of assets. Although, as others have mentioned, the kind of thinking this encourages isn't healthy to the cryptocurrency ecosystem. Very few important developments are driven by a fear of missing out.

Frogolocalypse 9y ago
> Very few important developments are driven by a fear of missing out. Space program? Code-breaking? Nuclear weapons? Dot-com boom? Real-estate? Search-engines? Social media? Oil? Gold-rush?
thisisit 9y ago
It's a cleverly disguised landing page for coinbase affiliate program. Three coins on coinbase are already listed.

Aeolun 9y ago

I think the only thing this shows is that there's no bad moment to get in :P

OliverSadie 9y ago

It's a Coinbase commercial. Good work.

H4CK3RM4N 9y ago
Beyond that, it seems that it's actually been set up by someone called Jason van den Berg(@jayvdb1 on twitter) to bait people into using their referral link.
- jayvdb1 9y ago
  My bad, wasn't intended to come across as just baiting people. Put this together 2 days ago as an experiment using the coinbase api. Figured couldn't hurt putting the referral in. I'm going to add more investments like Apple shares and a few other popular ones. Would that make it less scammy? Appreciate the feedback

bryanph_ 9y ago

Tools like this just add to the bubble. Pretty much all "ICOs" are just pump and dump. Very few people actually know what they are getting in to.

sprt 9y ago

Made something similar for visualizing a dollar-cost averaging strategy: https://docs.google.com/spreadsheets/d/1Uic759wn21aJo6COMtxg857gH1Uv0gGzimGxhN53XWc/edit https://docs.google.com/spreadsheets/d/1Uic759wn21aJo6COMtxg... (see 2nd sheet)

justinjlynn 9y ago

These are the kinds of tools who's design is such that I can't tell if they're evil or brilliant. On one hand, I know it's a manipulation of "could have, should have" -- the fear of missing out or having missed out -- and much like a visual illusion you know it's a completely fake form of regret. At the same time, no matter how much you stare at it, even knowing it's completely fake, you can't make it go away.

amitport 9y ago

this is depressing (gif) http://gph.is/2c6rAL9 http://gph.is/2c6rAL9

nulldev 9y ago
It's meant to be. No different from an "app" showcasing whether you should or should not have bought apple stock in 2004.