Bitcoin Forum
January 24, 2019, 01:58:29 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
   Home   Help Search Login Register More  

Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

Pages: « 1 2 [3]  All
Author Topic: Choice words of wisdom for the forum investors from our esteemed leader.  (Read 5127 times)
Hero Member
Offline Offline

Activity: 756
Merit: 500

View Profile
June 29, 2013, 05:32:11 PM

With all possible respect, your boss is an idiot. A lot of people are investing in companies like ASICMiner. I hopefully do not need to explain that serious, long-term investment in stocks has been proven over hundreds of years to have a +EV (unlike gambling, which has a -EV).

Companies like ASICMiner represent significant real-world value; and like "real-world" companies, Bitcoin companies can experience growth, which (in the long term) will translate to a higher share price. Certainly many people will lose money as shares change hands; but, on average, companies tend to be very good at making profit. Profit is +EV.

You accept significant counter-party risk with the purchase of a Bitcoin company like ASICMiner, since there are no well-established laws and exchanges, but the market prices that risk into the share price.

Your boss is confusing alpha with beta. I cannot think of a more rookie mistake.

You're new. That alone makes you say stupid things, and puts you in a position to be unable to realize why exactly and to what degree. I won't engage you on the merits for this reason.

IF you're still around in six months or a year we may revisit this point then. Meanwhile your instruction will be probably best served by copying this comment in your notebook ten times.

My Credentials  | THE BTC Stock Exchange | I have my very own anthology! | Use, it's like this one but better.
Pages: « 1 2 [3]  All
Jump to: is not available or authorized for sale. Do not believe any fake listings.
Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!