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Then at the bare minimum make some falsifiable prediction, like "a bitcoin will be worth less than 1,000 USD 24 months from today." If someone insists that shor
by baddox 9y ago
Then at the bare minimum make some falsifiable prediction, like "a bitcoin will be worth less than 1,000 USD 24 months from today." If someone insists that shorting is infeasible, and refuses to make a clear prediction, then their claim is unfalsifiable and thus fairly meaningless.
- pja 9y agoTiming bubbles collapses is notoriously difficult. (In my personal opinion: It's like asking when the next collapse in a sandpile will happen & how big it will be. Not possible.)
- wakamoleguy 9y agoThere's not a great reason to make such a claim, unless you are interested in proving a point afterwards. Instead, it's valid to believe "Bitcoin's price today is higher than its intrinsic value" and take action on that claim by not buying Bitcoin. You may not be forwarding the rational discourse on Bitcoin's price and value, but you are still "putting your money where your mouth is."