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The mania phase is pretty clear here. What goes up like that must come down. It's simple as that. Study currencies, stocks and commodities price histories befo
by readhn 9y ago
The mania phase is pretty clear here. What goes up like that must come down. It's simple as that.
Study currencies, stocks and commodities price histories before and after they entered parabolic phases. Nothing lasts forever.
- icelancer 9y ago>>Study currencies, stocks and commodities price histories before and after they entered parabolic phases. Nothing lasts forever. Right. Except the ones that do. And even if you correctly predict that BTC is going to collapse... when? At $2000? At $5000? At $7100? Are you doing anything to bet on it by shorting it? Or are you just prognosticating and trying to timestamp a comment so in [x] months/years you might be able to link back to Hacker News and say: "A-ha! I knew it," ignoring all the other predictions you may or may not have made that didn't come true. It's easy to say BTC is going to collapse. A lot harder to have some conviction behind it and act.