by NicoJuicy on 12/25/2021, 1:34:06 AM
Here's something new that people haven't mentioned before:
People don't understand it anymore ( eg. Defi, lightning, offline vs online wallet,...) And it will only get worse.
Crypto was already talked about in the bakery near my place in 2017.
If you want to catch a wave, look for something that isn't talked about every day in the media.
Ps. There's still plenty of pump and dump schemes going around. Enough waves there ;)
by ggm on 12/25/2021, 2:22:49 AM
Don't seek to catch a wave. Seek to live an enjoyable life. Speculative investment for wave riding gains is fruitless, divisive. It builds nothing. Speculative investment in real goods and services isn't entirely harmless but has at least some real world upsides.
If you want to make Speculative investments, invest in yourself
I studied economics and CS in college, and initially went to McKinsey before getting into enterprise software. I've basically just been sitting in the lineup as others have surfed the massive social/mobile waves over the past 10 years. Now I'm in my early 30s. I'm a pretty solid developer, and I know how to sell to customers (I've been in enterprise Sales Engineering for the past few years).
I've always known that I don't want to be an employee of a big tech company for the rest of my working life. I love the Bay Area, and I've been drunk on the startup koolaid since I've been here (I've dabbled in startups but never started my own), and I've always felt like I just needed the right opportunity or idea to fully jump in and become a founder.
I got curious about cryptocurrencies in 2017, but didn't buy in to the technical feasibility or the ethos. I felt vindicated during the 2018-2019 crypto winter. Now it seems like this is something that just won't go away. So many billions of dollars have been raised by VC firms to put into crypto companies and from my perspective it seems like there is a dearth of legitimate, technical entrepreneurs in the space.
I still don't fully buy into the ethos of it, but it seems like now might be the right time to paddle in and try to ride this thing. I can't imagine that every person who got into the .com craze in the 90s was doing it out of genuine passion and interest for the technology - they saw an opportunity and they took it, and maybe they made a decent chunk of money, or at least built an entrepreneurial foundation - that's the thing about living in the Bay Area.. even if you fail as an entrepreneur, you still get respect for doing it.
So even though I don't particularly care about crypto, I have to recognize that I don't particularly care about enterprise software either... so why not crypto? Maybe this is my last chance at catching a really good wave.