3 ms·

> It's way better bubble since in the center of this bubble some random nerds, not snobby privileged Harvard-type Lehman Brothers top managers. You're being i

> It's way better bubble since in the center of this bubble some random nerds, not snobby privileged Harvard-type Lehman Brothers top managers. You're being incredibly naive. Programmers are not the ones moving the needle on this bubble. They may have been the early adaptors, but it's the people with incredibly large sums of money who are making out like bandits.

hal9000xp 9y ago
You are either naive or troll or just don't understand crypto-market. The whole beauty of crypto-market is that there is very low barrier of entry and at the same time very, very, very huge possible upside. This make possible for very small players to become bigger, much bigger. On the other hand, traditional stock market is very efficient so you may hope for 20% per year at best. Therefore, 20% from approximately zero (say 1000 USD) is still zero. In this case, only wealthy people make money there, others suck collecting pennies. I'm on this market, I'm programmer and I'm much more successful on this market than I could never dream of on any other market. So if you didn't make any money on crypto-market, please, don't waste my time arguing with me.
- kelnos 9y ago
  > Therefore, 20% from approximately zero (say 1000 USD) is still zero. Only if you consider the market as a whole, but how is that useful? I'm actually pretty thrilled to be able to collect $200/yr based on doing nothing but putting up $1000 to start. I'm even more happy when I look at the volatility of cryptocurrencies, and also the fact that crypto isn't actually backing much in the way of economic activity; it's just doing some minor-league capital reallocation and burning several countries' worth of electricity. Not saying I didn't mine a bit back in 2011 or so (and subsequently lost the wallet, doh) or that I'm not interested at all, but calling crypto an "investment" is laughable at best. It's a pure speculative play, only marginally better than a lottery.

hal9000xp 9y ago

You are either naive or troll or just don't understand crypto-market. The whole beauty of crypto-market is that there is very low barrier of entry and at the same time very, very, very huge possible upside. This make possible for very small players to become bigger, much bigger. On the other hand, traditional stock market is very efficient so you may hope for 20% per year at best. Therefore, 20% from approximately zero (say 1000 USD) is still zero. In this case, only wealthy people make money there, others suck collecting pennies. I'm on this market, I'm programmer and I'm much more successful on this market than I could never dream of on any other market. So if you didn't make any money on crypto-market, please, don't waste my time arguing with me.

kelnos 9y ago
> Therefore, 20% from approximately zero (say 1000 USD) is still zero. Only if you consider the market as a whole, but how is that useful? I'm actually pretty thrilled to be able to collect $200/yr based on doing nothing but putting up $1000 to start. I'm even more happy when I look at the volatility of cryptocurrencies, and also the fact that crypto isn't actually backing much in the way of economic activity; it's just doing some minor-league capital reallocation and burning several countries' worth of electricity. Not saying I didn't mine a bit back in 2011 or so (and subsequently lost the wallet, doh) or that I'm not interested at all, but calling crypto an "investment" is laughable at best. It's a pure speculative play, only marginally better than a lottery.