4 ms·
I don't think it's accurate to say that the risk of spending $1 per Bitcoin in 2011 is proportional to the $4000 reward I have today.
by nunyabuizness 9y ago
I don't think it's accurate to say that the risk of spending $1 per Bitcoin in 2011 is proportional to the $4000 reward I have today.
- centimeter 9y agoIt is proportional, humans are just bad at multiplying extremely low expected payoffs. There were millions of other equally (a priori) viable things you could have invested $1 in that didn’t pan out. It’s also more obviously proportional for people who put in over $1000 a few years ago.