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The market can stay irrational longer than you can stay solvent. You can know that bitcoin is doomed to fail, but that doesn't help you if there's a temporary
by jon_richards 9y ago
The market can stay irrational longer than you can stay solvent.
You can know that bitcoin is doomed to fail, but that doesn't help you if there's a temporary price spike and you get a margin call.
- icebraining 9y agoOn the other hand, everything is doomed to fail eventually, so that's no prediction at all.
- jfolkins 9y agoConcise rebuttal to a statement that has bugged me for a long time. Thanks.