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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_fal
by 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 agoThey'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.