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> If I had bought a little bitcoin every week during that time I would easily be retired now. Problem is that bitcoin is a ponzi and doesn't have any revenue/p

> If I had bought a little bitcoin every week during that time I would easily be retired now. Problem is that bitcoin is a ponzi and doesn't have any revenue/profits but just FOMO. If you bought tulips at the bottom and sold at the top...

cableshaft 4y ago
Oh it's a ponzi you say? Well if only someone on the internet had mentioned that sooner I wouldn't have wasted my time with bitcoin then. Let me just sell everything real quick...done. /s Thanks for being casually insulting. I know Hacker News is full of those comments so I'm used to it, but I'm not sure how you expected me to respond to your comment there, or what benefit it would add. Your comment comes off to me as if I said something like "Oh look, I just got a pet mouse!" and you responded "Mice are crappy pets. It's going to bite you and give you the plague." For the record, I said buy every week (as in DCA, or just buy no matter the price, all the way up until now), and I'd be retired now. That's not 'buy at the bottom, sell at the top'. It's currently $20,000, and that's not "at the top", the top was ~$69,000 in Nov 2021, so now is nowhere near the top right now. First crypto winter I held bitcoin through, the price was hovering around $200 every week for two years, so I could and should have been buying more that entire time, instead of checking the price every couple of months to see if anything changed and buying nothing. But I probably could have accumulated at least 40 coins potentially based on my income then, with a few sacrifices (by that I mean less going out to eat and buying a bunch of random video games that I'd often play once or twice and never again...still a problem I have today, it just makes up a smaller percent of my paycheck now). I was excited in bitcoin even then, but I was also a lot poorer, making about 15-20% what I'm making now, and I also wasn't prioritizing it as much as I could have been. Even still, I'm not dumping all my earnings into this stuff. I put far more into my 401k/stocks than I do crypto.
- ddorian43 4y ago
  Note: I mined bitcoin when the price was ~$300 knowing full well it was a ponzi. If you DCAd on tulips and sold at the top you'd be set for generations. You are talking with too much feelings. I understand. But it's ponzi all the way down. > I put far more into my 401k/stocks than I do crypto. Every single $1 you put is every single $1 into a ponzi. I'm sorry. I wish I too had generational wealth and did fancy art fulltime. If you want something more real life and high risk/return, check out TQQQ & HFEA. I do those.

cableshaft 4y ago

Oh it's a ponzi you say? Well if only someone on the internet had mentioned that sooner I wouldn't have wasted my time with bitcoin then. Let me just sell everything real quick...done. /s Thanks for being casually insulting. I know Hacker News is full of those comments so I'm used to it, but I'm not sure how you expected me to respond to your comment there, or what benefit it would add. Your comment comes off to me as if I said something like "Oh look, I just got a pet mouse!" and you responded "Mice are crappy pets. It's going to bite you and give you the plague." For the record, I said buy every week (as in DCA, or just buy no matter the price, all the way up until now), and I'd be retired now. That's not 'buy at the bottom, sell at the top'. It's currently $20,000, and that's not "at the top", the top was ~$69,000 in Nov 2021, so now is nowhere near the top right now. First crypto winter I held bitcoin through, the price was hovering around $200 every week for two years, so I could and should have been buying more that entire time, instead of checking the price every couple of months to see if anything changed and buying nothing. But I probably could have accumulated at least 40 coins potentially based on my income then, with a few sacrifices (by that I mean less going out to eat and buying a bunch of random video games that I'd often play once or twice and never again...still a problem I have today, it just makes up a smaller percent of my paycheck now). I was excited in bitcoin even then, but I was also a lot poorer, making about 15-20% what I'm making now, and I also wasn't prioritizing it as much as I could have been. Even still, I'm not dumping all my earnings into this stuff. I put far more into my 401k/stocks than I do crypto.

ddorian43 4y ago
Note: I mined bitcoin when the price was ~$300 knowing full well it was a ponzi. If you DCAd on tulips and sold at the top you'd be set for generations. You are talking with too much feelings. I understand. But it's ponzi all the way down. > I put far more into my 401k/stocks than I do crypto. Every single $1 you put is every single $1 into a ponzi. I'm sorry. I wish I too had generational wealth and did fancy art fulltime. If you want something more real life and high risk/return, check out TQQQ & HFEA. I do those.