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Downvoters, since you know how to indentify bubbles, I'm assuming you shorted ethereum on margin on GDAX when it hit 400 and made a ton? No? If not, why not, if
by vasilipupkin 9y ago
Downvoters, since you know how to indentify bubbles, I'm assuming you shorted ethereum on margin on GDAX when it hit 400 and made a ton? No? If not, why not, if you knew definitely it was a bubble ?
- Taek 9y agoBecause it's very hard to figure out where the top of a bubble is, and if you short a bubble asset too long before the peak, you go broke, even if you are correct. Don't short hopium.
- vasilipupkin 9y agoWell, now we are talking semantics. You don't get to claim you are correct if your forecast turns out to be wrong. So, if you identify a bubble, part of the requirement to say that you succeeded is that you can identify the top. Otherwise, your "knowledge" that it's a bubble is useless