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History indeed repeats. But if you were a smart investor during the .com bubble, you might have invested in Amazon or Ebay. The question is, will there be an

History indeed repeats. But if you were a smart investor during the .com bubble, you might have invested in Amazon or Ebay. The question is, will there be an Amazon or Ebay cryptocurrency, and which one?

mey 9y ago
Where the .com boom had infinite (or seemed like) players. There is only a handful of crypto currencies that have any faith. It's not betting on the right horse if there is only one horse. The only winners are/will be people who reap their gains from now until the bubble collapse.
- CabSauce 9y ago
  There are 1,400 cryptocurrencies listed on coinmarketcap. Edit: 32 with over a billion dollar cap.
ghaff 9y ago
Timing is everything. I was invested in both (admittedly not much) and made a bit of money but certainly nothing remotely life changing--and way more than offset by other investments.
mikestew 9y ago
But if you were a smart investor during the .com bubble, you might have invested in Amazon or Ebay. And if a frog had wings, it wouldn’t bump it’s ass when it hops. If you were a smart investor, you stayed the hell from internet stocks (because just like ICOs, the vast majority were losers). What you describe as “smart” was just someone who got lucky or had a crystal ball. Not that I followed my own advice, but at least I learned something for the tuition I paid.
colorint 9y ago
I was playing Pai-Gow poker at a casino with my parents and some friends. The game has side bets, which pay out if you get a good hand, independently of whether you win or lose, and (inversely) proportionate to the probability of the hand. By the numbers they're terrible bets (while Pai-Gow has the, I think, third-lowest house edge, after craps and blackjack), so my friend and I don't bet them, but my parents do. My friend got a great hand, full house maybe, and my dad said, "bet you wish you'd made the side bet," and we both said, "no, we don't."

mey 9y ago

Where the .com boom had infinite (or seemed like) players. There is only a handful of crypto currencies that have any faith. It's not betting on the right horse if there is only one horse. The only winners are/will be people who reap their gains from now until the bubble collapse.

CabSauce 9y ago
There are 1,400 cryptocurrencies listed on coinmarketcap. Edit: 32 with over a billion dollar cap.

ghaff 9y ago

Timing is everything. I was invested in both (admittedly not much) and made a bit of money but certainly nothing remotely life changing--and way more than offset by other investments.

mikestew 9y ago

But if you were a smart investor during the .com bubble, you might have invested in Amazon or Ebay. And if a frog had wings, it wouldn’t bump it’s ass when it hops. If you were a smart investor, you stayed the hell from internet stocks (because just like ICOs, the vast majority were losers). What you describe as “smart” was just someone who got lucky or had a crystal ball. Not that I followed my own advice, but at least I learned something for the tuition I paid.

colorint 9y ago

I was playing Pai-Gow poker at a casino with my parents and some friends. The game has side bets, which pay out if you get a good hand, independently of whether you win or lose, and (inversely) proportionate to the probability of the hand. By the numbers they're terrible bets (while Pai-Gow has the, I think, third-lowest house edge, after craps and blackjack), so my friend and I don't bet them, but my parents do. My friend got a great hand, full house maybe, and my dad said, "bet you wish you'd made the side bet," and we both said, "no, we don't."