Bitcoin traders are sometimes accused of unfairly profiting from an opaque asset beyond the understanding of ordinary people.http://www.newyorker.com/online/blogs/currency/2014/07/bidding-on-bitcoin.htmlYesterday I met a couple of my old classmates on the street. They asked about Bitcoin and
started to whine that most people don't understand the mathematical fundamentals behind Bitcoin and therefore had no realistic chance to invest when it was cheap. Of course, I encouraged them to invest now (better late than never) but seems that people generally rather enjoy wallowing in their own self-pity than take steps to adapt and overcome.
This is such a load of bull. All the information needed is right there in front of their noses for free on the internet. All it takes is a little will and some effort, but that is probably the heart of their problem... I'd guess that most people wouldn't have invested a single dollar even if they knew about bitcoin in 2009, it would have been a too risky an investment for them.
In 2010 I thought about buying a few thousand bitcoins but ended up not doing it, simply because I hadn't done my homework. It is my own fault completely. And those who did buy back then deserve every penny they have made on their investment, they are the reason why bitcoin didn't just die as the crazy internet geekery it was.
Those who bitch now, will bitch at every bubble all the way to the moon. There is nothing we can do to save them from their laziness and self pity. They only have themselves to blame.