I think the percentages of ‘successful’ LW readers need to be recalculated. What percentage of LW readers were in the SSC survey, but started reading LW after the most profitable window for buying bitcoin had already passed? What percentage were students with no spare funds in 2011, or otherwise had too little risk tolerance to invest?
I started reading LW in 2014, took the advice of the 2015 post to the extent I could, but was only able to make a little money because I didn’t have any savings and 1 bitcoin was worth $200. Later, I heard about ethereum very early on from a friend who bought a bunch and was interested in investing myself, but was in the midst of a job transition where I again had no spare cash to invest. I only reported having acquired about $1000 from crypto on the survey, but I count myself as having done about as well as I could have, given circumstances and timing.
I think the percentages of ‘successful’ LW readers need to be recalculated. What percentage of LW readers were in the SSC survey, but started reading LW after the most profitable window for buying bitcoin had already passed? What percentage were students with no spare funds in 2011, or otherwise had too little risk tolerance to invest?
I started reading LW in 2014, took the advice of the 2015 post to the extent I could, but was only able to make a little money because I didn’t have any savings and 1 bitcoin was worth $200. Later, I heard about ethereum very early on from a friend who bought a bunch and was interested in investing myself, but was in the midst of a job transition where I again had no spare cash to invest. I only reported having acquired about $1000 from crypto on the survey, but I count myself as having done about as well as I could have, given circumstances and timing.