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keiferskitoday at 2:21 PM2 repliesview on HN

I don't think you're understanding my point. Hopping on the bandwagon is explicitly not "maximizing your foothold while minimizing your downside," nor is it early-stage almost by definition. An early stage technology with an uncertain future cannot have a bandwagon.

I think the logical thing to do is to invest a minor amount of time/money across a broad spectrum of new promising tech. If you had been aware of and bought $500 of Bitcoin in 2010, you'd be a billionaire today. The early people involved with NFTs also did very well.

The Flash example is specifically the opposite of my point. Flash was a lucrative skill for a period of time, but at a certain point it became very clear that it didn't have a future.


Replies

subarctictoday at 4:50 PM

What is the broad spectrum of new promising tech today? How much time and money should you invest in each one?

This question is easy to answer in hindsight but it's not trivial to answer in the moment. I like your mindset though

cjtoday at 2:28 PM

If applying that advice were as easy as it sounds, there would be many more billionaires in the world.

If only Mt Gox didn't vaporize all of my bitcoin in the early 2010's :(

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