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Im in the same boat. Started with bitcoin in 2013, bought ethereum in the presale, did freelance app development for all sorts of crypto startups (including coi

Im in the same boat. Started with bitcoin in 2013, bought ethereum in the presale, did freelance app development for all sorts of crypto startups (including coinbase). Was a true believer in the technique. But over the years it became clear it was never going to have a big impact. We went from people armiring the tech, to people with no knowledge about the tech, but with big dollar signs in their eyes. Then in 2016 I decided to sell all my crypto coins and move on to a different field. In hindsight, I lost out on millions. But ah well, cant forsee the future. Those crypto bros who think they can are just deluded. What theyre doing was never any better than gambling.

tombert 4y ago
My uncle used to brag about how good of a blackjack player by talking about how he would win enough to pay off the cruise he was gambling on. We never had the heart to tell him that all that does is prove that he got lucky; professional blackjack players only average a return of 3-5% profit. That's how I feel about the crypto (and to a lesser extent stock) bros. The future is unknowable, and even people who trade these thing professionally make fairly marginal gains (that they make up for in quantity); saying you made millions from bitcoin just says "this guy got really lucky!".
- hutzlibu 4y ago
  "We never had the heart to tell him that all that does is prove that he got lucky; professional blackjack players only average a return of 3-5% profit." I would say, that depends who they are playing against?
  - tombert 4y ago
    Sure, it's an average. They lose big on some hands, and win big on others, hopefully winning a bit more than losing. My understanding is that it's a volume-business.
  - daveed 4y ago
    Not in blackjack, you're playing against the house.
    - hutzlibu 4y ago
      Yeah, I confused the game.
Breza 4y ago
I sold out in 2017 after seeing Bitcoin on CNBC for the first time. I figured that meant the dream was over.

tombert 4y ago

My uncle used to brag about how good of a blackjack player by talking about how he would win enough to pay off the cruise he was gambling on. We never had the heart to tell him that all that does is prove that he got lucky; professional blackjack players only average a return of 3-5% profit. That's how I feel about the crypto (and to a lesser extent stock) bros. The future is unknowable, and even people who trade these thing professionally make fairly marginal gains (that they make up for in quantity); saying you made millions from bitcoin just says "this guy got really lucky!".

hutzlibu 4y ago
"We never had the heart to tell him that all that does is prove that he got lucky; professional blackjack players only average a return of 3-5% profit." I would say, that depends who they are playing against?
- tombert 4y ago
  Sure, it's an average. They lose big on some hands, and win big on others, hopefully winning a bit more than losing. My understanding is that it's a volume-business.
- daveed 4y ago
  Not in blackjack, you're playing against the house.
  - hutzlibu 4y ago
    Yeah, I confused the game.

Breza 4y ago

I sold out in 2017 after seeing Bitcoin on CNBC for the first time. I figured that meant the dream was over.