4 ms·

This is textbook Gamblers Fallacy.

• mquander 10y ago
  No, it isn't. They have nothing in common besides making a bet. https://en.wikipedia.org/wiki/Gambler%27s_fallacy https://en.wikipedia.org/wiki/Gambler%27s_fallacy
  • bduerst 10y ago
    They're literally saying that because bitcoin had a bubble and "outperformed", any of the new younger cryptocurrencies "are onto something" and could go big at any moment. It's a system of independent probabilities, hence gambler's fallacy.