February 2004 I was a third year CS student in Boston. I remember complaining to a friend of mine that we had missed the boat - Yahoo, Amazon, etc - the web had matured without us and the window of opportunity was closed. If only we had been born 5 years earlier! As fate would have it, that was also the month I signed up for an account on a tiny site called thefacebook.com.
Domains. Google. Facebook. Pinterest. Uber. Bitcoins. It's so easy to feel like you JUST missed the wave. While you look back with anxiety at the wave you missed, you increase your odds of missing the next wave headed straight towards you. And there are always more waves. I had to learn this the hard way, after many missed waves and a lot of anxiety. So now I do what the article says: try to remind myself that the web's best days are ahead of it and there is likely more opportunity now - today! - than ever before. Calm down, take a deep breath and look to the future. Whether it's true or not, who knows, I guess time will tell, but it definitely helps keep me sane.
And how many get stuck on "false waves", I.e. survivorship bias. Sure, there are more waves, but the ability to spot a wave is incredibly difficult.
Why not just stop everything you're doing now and invest in ethereum?
What would be really interesting is to calculate some kind of first derivative of a wave so as to know what the optimal risk/reward tradeoff is.
Or perhaps to know what the density of false to true waves are. For example I imagine everyone knew about the potential opportunities during the gold rush. What can we say about the potential opportunities now?
Domains. Google. Facebook. Pinterest. Uber. Bitcoins. It's so easy to feel like you JUST missed the wave. While you look back with anxiety at the wave you missed, you increase your odds of missing the next wave headed straight towards you. And there are always more waves. I had to learn this the hard way, after many missed waves and a lot of anxiety. So now I do what the article says: try to remind myself that the web's best days are ahead of it and there is likely more opportunity now - today! - than ever before. Calm down, take a deep breath and look to the future. Whether it's true or not, who knows, I guess time will tell, but it definitely helps keep me sane.