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I can recommend checking out Reddit’s /r/cryptocurrency and branching out to smaller altcoint subreddits. Read the comments. There are thousands of people just

I can recommend checking out Reddit’s /r/cryptocurrency and branching out to smaller altcoint subreddits. Read the comments. There are thousands of people just looking for that one weird trick to get rich. As a sidenote, I almost always got out just before a crash by when I was playing with altcoins by waiting for people to get over the top enthusiastic in their subreddit and then selling everything. Might as well have been luck though, so don’t try it ;)

ramesh31 5y ago
>There are thousands of people just looking for that one weird trick to get rich. Increasingly I think they're the smart ones. I'm sitting here working my butt off for a few thousand dollars a month, while these guys raised hundreds of millions of dollars without even being able to grammar check a sentence. Who's the real sucker?
- Semaphor 5y ago
  I was talking about the users giving them money, not the scammers/con artists.
- tluyben2 5y ago
  Well, most these talks are marketcap for their coin or token. That is not actual value. Some of the biggest ICOs got only a fraction out of them or nothing at all. They still get a lot for free scamming others. Just do not think that a 100m$ ICO means they raised that. They cannot get anything close to that out.
- kzrdude 5y ago
  Don't compare yourself to just the ones that got lucky, that's the big fallacy of trading.
tluyben2 5y ago
I was not even talking crypto but 'normal' CEOs. I mean a famous one was the guy (do not think he was the CEO but close to him?) from Groupon: he was a known scammer and yet, he gets bingo every time. And many many more. Edit: whoops I never knew what became of Groupon but I see it was a massive scam altogether. Seems the investors could have known that from the first time they met the founders by just typing some names into Google. How does that work?
- 52-6F-62 5y ago
  Reminds me of Kevin O'Leary. Buddy toppled a software industry at the height of the first internet boom. That's either a special kind of incompetence or something worse. They almost always seem to get bingo; the companies and the people that rely on them take the hit. https://www.nationalobserver.com/2016/02/18/news/did-kevin-oleary-once-wipe-out-entire-industry https://www.nationalobserver.com/2016/02/18/news/did-kevin-o...
  - tluyben2 5y ago
    Ah yes, thank you, good one. It was a gold rush not unlike now with cryptocoins. Everyone shouted 'this time it is different' which I hear a lot now again. Things do not keep growing. Covid delayed the real crisis. I digress: yes people like this: how can you not do a basic amount of dd and at least ask some people about them?

ramesh31 5y ago

>There are thousands of people just looking for that one weird trick to get rich. Increasingly I think they're the smart ones. I'm sitting here working my butt off for a few thousand dollars a month, while these guys raised hundreds of millions of dollars without even being able to grammar check a sentence. Who's the real sucker?

Semaphor 5y ago
I was talking about the users giving them money, not the scammers/con artists.
tluyben2 5y ago
Well, most these talks are marketcap for their coin or token. That is not actual value. Some of the biggest ICOs got only a fraction out of them or nothing at all. They still get a lot for free scamming others. Just do not think that a 100m$ ICO means they raised that. They cannot get anything close to that out.
kzrdude 5y ago
Don't compare yourself to just the ones that got lucky, that's the big fallacy of trading.

tluyben2 5y ago

I was not even talking crypto but 'normal' CEOs. I mean a famous one was the guy (do not think he was the CEO but close to him?) from Groupon: he was a known scammer and yet, he gets bingo every time. And many many more. Edit: whoops I never knew what became of Groupon but I see it was a massive scam altogether. Seems the investors could have known that from the first time they met the founders by just typing some names into Google. How does that work?

52-6F-62 5y ago
Reminds me of Kevin O'Leary. Buddy toppled a software industry at the height of the first internet boom. That's either a special kind of incompetence or something worse. They almost always seem to get bingo; the companies and the people that rely on them take the hit. https://www.nationalobserver.com/2016/02/18/news/did-kevin-oleary-once-wipe-out-entire-industry https://www.nationalobserver.com/2016/02/18/news/did-kevin-o...
- tluyben2 5y ago
  Ah yes, thank you, good one. It was a gold rush not unlike now with cryptocoins. Everyone shouted 'this time it is different' which I hear a lot now again. Things do not keep growing. Covid delayed the real crisis. I digress: yes people like this: how can you not do a basic amount of dd and at least ask some people about them?