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I know tons of people who made double digit millions in bitcoin. They put 10k to 50k early money in most projects they come across. Maybe 10% come out with a po
by mike_d 4y ago
I know tons of people who made double digit millions in bitcoin. They put 10k to 50k early money in most projects they come across. Maybe 10% come out with a positive ROI of >1000%.
Crypto is no more of a scam than venture capital.
- namdnay 4y agoThe fundamental difference being that from time to time, companies funded by VC actually build a product that is sold to the non-investing public. If VC were like crypto, they’d only be funding startups whose objective would be to raise more money from other VCs
- tluyben2 4y ago> If VC were like crypto, they’d only be funding startups whose objective would be to raise more money from other VCs And this is not often the case? I mean for crypto it's basically only that, but there are quite a bunch of VC funded companies that just live on raise followed by raise. They won't say that out loud, but nor will crypto many crypto companies.
- namdnay 4y agoagreed, the difference being that those are bad apples in the VC basket, whereas they're the only apples in the crypto basket. which crypto unicorn has a product that it sells to non-investors? not a single one
- greyhair 4y agoCrypto feels a lot more like a pyramid scheme or MLM than typical VC