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This is a typical sort of projection I see from crypto-owners. They can't seem to contemplate the fact that there are people that think crypto is a bad idea _re

This is a typical sort of projection I see from crypto-owners. They can't seem to contemplate the fact that there are people that think crypto is a bad idea _regardless_ of how much profit they might or might not have made by buying or selling at various points in history.

sangnoir 3y ago
Yup, it's a version of telling critics "Enjoy being poor", which is an incredibly lazy, unfalsifiable argument. "You disagree with my position because you are broken" is not a sound argument, but has many variations (including "You dislike Apple/Elon because you are poor")
- 111111101101 3y ago
  It's really not. How would a self proclaimed technology enthusiast react to missing out on one of the greatest tech investment opportunities of their lifetime? I suspect that they would react exactly the way hn's crypto haters do now. No, you didn't make a huge mistake. It's crypto that's wrong.
  - amanaplanacanal 3y ago
    Speculative opportunity maybe. I don't think I would call it an investment.
111111101101 3y ago
Crypto made a mockery of the authorities and their war on drugs. A bad idea lol? No, it started a revolution.
- deleted 3y ago
  [deleted]
fallingknife 3y ago
I can contemplate that. What I can't understand is wanting the government to tell people they can't buy it because they think it's a bad idea.
- mehlmao 3y ago
  It's not 'you can't buy it', it's 'you can't sell it and also steal the funds of the people you sold it to'.
  - fallingknife 3y ago
    That was never legal in the first place.
duskwuff 3y ago
Nor that cryptocurrency doesn't create value out of nowhere -- for every person who "built generational wealth" (gag) by speculating on cryptocurrency, there's probably quite a few people who lost money. It's a zero-sum system.
- unyttigfjelltol 3y ago
  Worse than that, it's actively undermining a system of laws and fair play that do create stability and value. It's strip-mining a rainforest for kicks. I came to Bitcoin naiively as a libertarian curiosity and after examining it fairly closely I'm convinced Satoshi was a black market kingpin and Bitcoin was conceived as a money laundering vehicle.
- renonce 3y ago
  If people can somehow keep cryptocurrency values high, they can take USD margin loans out of their Bitcoin holdings, which increases the amount of total dollars laying around. That’s what happened in 2021 that bumped crypto asset prices due to extremely low USD interest rate and quantitative easing. In terms of USD it is really not zero-sum, though you may take it in other ways.

sangnoir 3y ago

Yup, it's a version of telling critics "Enjoy being poor", which is an incredibly lazy, unfalsifiable argument. "You disagree with my position because you are broken" is not a sound argument, but has many variations (including "You dislike Apple/Elon because you are poor")

111111101101 3y ago
It's really not. How would a self proclaimed technology enthusiast react to missing out on one of the greatest tech investment opportunities of their lifetime? I suspect that they would react exactly the way hn's crypto haters do now. No, you didn't make a huge mistake. It's crypto that's wrong.
- amanaplanacanal 3y ago
  Speculative opportunity maybe. I don't think I would call it an investment.

111111101101 3y ago

Crypto made a mockery of the authorities and their war on drugs. A bad idea lol? No, it started a revolution.

deleted 3y ago
[deleted]

fallingknife 3y ago

I can contemplate that. What I can't understand is wanting the government to tell people they can't buy it because they think it's a bad idea.

mehlmao 3y ago
It's not 'you can't buy it', it's 'you can't sell it and also steal the funds of the people you sold it to'.
- fallingknife 3y ago
  That was never legal in the first place.

duskwuff 3y ago

Nor that cryptocurrency doesn't create value out of nowhere -- for every person who "built generational wealth" (gag) by speculating on cryptocurrency, there's probably quite a few people who lost money. It's a zero-sum system.

unyttigfjelltol 3y ago
Worse than that, it's actively undermining a system of laws and fair play that do create stability and value. It's strip-mining a rainforest for kicks. I came to Bitcoin naiively as a libertarian curiosity and after examining it fairly closely I'm convinced Satoshi was a black market kingpin and Bitcoin was conceived as a money laundering vehicle.
renonce 3y ago
If people can somehow keep cryptocurrency values high, they can take USD margin loans out of their Bitcoin holdings, which increases the amount of total dollars laying around. That’s what happened in 2021 that bumped crypto asset prices due to extremely low USD interest rate and quantitative easing. In terms of USD it is really not zero-sum, though you may take it in other ways.