2018-02-19 COINDESK - THE PROBLEM WITH NOCOINERS

[Decade_Later]

"Marc Hochstein is the managing editor of CoinDesk.

The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers.

A nocoiner, according to Urban Dictionary, is someone who has no bitcoin. But not everyone who has no bitcoin is necessarily a nocoiner.

Rather, what makes a nocoiner a nocoiner is not simply the absence of cryptocurrency from his investment portfolio, but his sanctimonious attitude about it.

Urban Dictionary's definition, which was posted in December - about the time the word entered wide usage in the bitcoin community - goes on to describe nocoiners as:

"....people who missed their opportunity to buy Bitcoin at a low price ... and who [are] now bitter at having missed out. The nocoiner takes out his or her bitterness on Bitcoin Hodlers, by constantly claiming that Bitcoin will crash, is a scam, is a bubble, or other types of easily refuted FUD."

In other words, a nocoiner is full of what philosophers call ressentiment, defined by La Wik as "a reassignment of the pain that accompanies a sense of one's own inferiority/failure onto an external scapegoat."..."

https://www.coindesk.com/the-problem-with-nocoiners/

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[gentlemand]

Bitcoiners have spent so long being derided by others that they've earned something of a hall pass to deride the deriders. It would be lots of fun to see it fully flip and anyone anti crypto being regarded as deranged.

[xdrpx]

Most crypto investors and enthusiasts are waiting for that one moment to mock back with remarks when the price spikes up by a large proportion and everyone from their colleagues at work who laughed at them when they hinted them about their crypto investments , neighbours who've made remarks about cryptocurrencies being a sham and their relatives who apprently scared them about their investments by calling it "Drug money" and wonky stuff. Funny as the word seems, It's the first time I'm hearing of the term "Nocoiner". I think most Bitcoin enthusiasts too mock at altcoin investors and have that "Nocoiner" spirit about investing in any altcoins. Do we yet have a terminology for that?

[gentlemand]

Most crypto investors and enthusiasts are waiting for that one moment to mock back with remarks when the price spikes up by a large proportion and everyone from their colleagues at work who laughed at them when they hinted them about their crypto investments , neighbours who've made remarks about cryptocurrencies being a sham and their relatives who apprently scared them about their investments by calling it "Drug money" and wonky stuff. Funny as the word seems, It's the first time I'm hearing of the term "Nocoiner". I think most Bitcoin enthusiasts too mock at altcoin investors and have that "Nocoiner" spirit about investing in any altcoins. Do we yet have a terminology for that?

To be fair, it must be seriously annoying listening to a Bitcoin obsessive droning on and on about how great it is. Someone compared Bitcoin fans to vegans which is an unpleasantly accurate comparison.

I think it's better overall if everyone of every shade of the rainbow keeps their gob shut but that's not going to happen.

[entrepmind23]

There would always be people who would be jealous of others who were able to achieve something and instead of being inspired by what others achieved, he would resent the person and then talk bad about his achievement simply because he wasn't able to join when there is an opportunity. Nocoiners are the ones who are wishing that something bad would happen to bitcoin and during the recent correction, many of them are smiling because they can't wait to tell the bitcoiners "I told you so".

They are given the opportunity to join in when it was cheaper but instead of joining, they are more convince to not join because they "knew" it would be worthless eventually and thought that they made the right decision only to find out after a few days that it increase and if they bought then they are in profit already and miss it out again.