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How is that relevant, the price spiking isn't because of people like you. It's because of people buying in now. People are obviously not capable of understandi
by bllguo 9y ago
How is that relevant, the price spiking isn't because of people like you. It's because of people buying in now.
People are obviously not capable of understanding risk. Are you serious? You bring up casinos when they are perhaps the best example of how ill-equipped the majority of people are to understand risk and probability.
- lossolo 9y ago> How is that relevant, the price spiking isn't because of people like you. It's because of people buying in now. I wrote in my last sentence that they take the highest risk. > how ill-equipped the majority of people are to understand risk and probability. If that's true then conclusion would be that democracy/any liberal system is the worst system of them all, because if majority of people do not understand risk and probability they shouldn't be allowed to even vote. As I already wrote, all the data is there, just turn on the TV and you will hear "it's a bubble". No one is deceiving anyone in saying it's not a bubble in mainstream media.
- prawn 9y agoI think people buying in now know the risk too. I don't think the general, general population is buying yet. Anyone I know coming in during the last few months has been reasonably savvy. Taking a risk, but they're aware of it. Two people asked me the other week, "Are we too late?" I said that I didn't think so, but to only risk what they could afford to lose. They bought in around $8k. It's now approaching $15k, two weeks later.