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Bitcoin / Bitcoin Discussion / Re: You should never doubt on bitcoin investment!
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on: September 17, 2018, 05:17:39 PM
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Only way BTC goes to $4K is to bleed out the rest of the alts/shitcoins. BTC seems to be in really good shape around 6K. Just waiting for every other alt to die off (same at DOTCOM boom) so one will raise again. BTC is the "stable coin" everyone is searching for
Dotcom boom is very different to the blockchain era...you will lose a lot if you think they are the same! |
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10
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Other / Meta / Re: Topic moving...
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on: July 12, 2011, 04:14:06 PM
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The Politics & Society board is for discussing Bitcoins, too. I don't see the problem. But then again, I don't see a problem with it remaining in the General Discussion section either.
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11
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Other / Meta / Re: good post system
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on: July 12, 2011, 04:11:19 PM
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I wouldn't like to see this implemented. Forums have their place. We are not Reddit.
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12
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Other / Meta / Re: Rankings
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on: July 12, 2011, 04:10:04 PM
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Forum rankings, unless custom, are based on post-count alone.
Highest is Hero Member, followed by Sr. Member, followed by Full Member, followed by Jr. Member, followed by Newbie.
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16
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Economy / Speculation / Re: Comparison to Apple (AAPL) shares
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on: July 11, 2011, 11:33:57 PM
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It's a high risk investment with an extremely low risk/reward ratio. You have approximately a 30% chance of making 10X your original investment. Any poker player would jump at the chance.
Haha I love it when bitcoiners quantify things like this. Please explain how someone has a 30% chance of making 10x their investment. +1 I pulled the numbers out of my ass, but the principle still stands. Bitcoin has less than a 50/50 chance of reaching critical mass, but if it does, the return on investment will substantially more than double. 50% chance you say? That's like saying winning or losing a game is always equally probable, just because there are two possible outcomes. Calling to reference expected value and poker play here is even dumber. Who's the say that the odds aren't <1% that we'll gain a 10% gain on our investment? I invested some money in Bitcoin myself, but I'm just saying assigning expected values to such things isn't appropriate. LESS THAN 50%. that's anywhere from 0.00000001% to 49.99999999%. A wide margin. It's not my fault you suck at reading comprehension. Easy now, big guy. I obviously made a reading-error, but that doesn't nullify the other points I made. You can't hide behind those with your caps lock and ad hominem. I'm not assigning expected values. I already said that the numbers were just there to illustrate the principle of a bet with an expectation of loss that is still worth making. Thank you for explaining what expected value is. We all needed that. Anyways, there is no possible way you can say with confidence that investing in Bitcoin at this stage has positive EV. |
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17
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Economy / Speculation / Re: Comparison to Apple (AAPL) shares
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on: July 11, 2011, 10:42:15 PM
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In the next 2-5 years BTC will likely be higher than AAPL in $terms.
Even if BTCUSD remains at 14$...!
Because the upcoming major stock market crash will bring back AAPL to the teens (and I love the Apple brand, have nothing against them, but consumers will not have the $'s left in their purse or credit to affort those high margin Apple products).
...and a new kind of fact-asserting crazy appears. |
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18
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Economy / Speculation / Re: Comparison to Apple (AAPL) shares
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on: July 10, 2011, 10:11:06 PM
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It's a high risk investment with an extremely low risk/reward ratio. You have approximately a 30% chance of making 10X your original investment. Any poker player would jump at the chance.
Haha I love it when bitcoiners quantify things like this. Please explain how someone has a 30% chance of making 10x their investment. +1 I pulled the numbers out of my ass, but the principle still stands. Bitcoin has less than a 50/50 chance of reaching critical mass, but if it does, the return on investment will substantially more than double. 50% chance you say? That's like saying winning or losing a game is always equally probable, just because there are two possible outcomes. Calling to reference expected value and poker play here is even dumber. Who's the say that the odds aren't <1% that we'll gain a 10% gain on our investment? I invested some money in Bitcoin myself, but I'm just saying assigning expected values to such things isn't appropriate. LESS THAN 50%. that's anywhere from 0.00000001% to 49.99999999%. A wide margin. It's not my fault you suck at reading comprehension. Easy now, big guy. I obviously made a reading-error, but that doesn't nullify the other points I made. You can't hide behind those with your caps lock and ad hominem. |
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