4 ms·
It's more a comment on the volatility than anything. People see that something is up 100% in one month and assume it won't lose 25% of value the next. We humans
by austenallred 9y ago
It's more a comment on the volatility than anything. People see that something is up 100% in one month and assume it won't lose 25% of value the next. We humans are not super rational.
- pishpash 9y agoIt's not like bitcoin hasn't had a record of price history, yet still when people see sh*t shooting up they don't consider it a sign of volatility, but rather return. Read this: http://www.businessinsider.com/bitcoin-volatility-risk-adjusted-return-worse-than-stocks-2017-12 http://www.businessinsider.com/bitcoin-volatility-risk-adjus... What this is telling you is, if you wanted a lot of excitement for potential gain, you could have always leveraged up your ho-hum retirement account and done better.