4 ms·

You have used technical analysis for making an investment decision. Scientific method, skeptical approach, great. And the assumption is "the tech is broken, the

by viach 8y ago

You have used technical analysis for making an investment decision. Scientific method, skeptical approach, great. And the assumption is "the tech is broken, the price will fall because of it, won't buy". But, if we take on step further and continue our experiment, lets compare the actual facts with the assumption. And what we see? Two cryptocurrencies (Bitcoin Gold and Verge) which were successfully attacked this week, didn't lose in market cap. How comes? What conclusion should we take from this assumption/fact, if continue being scientific? Do we need a new assumption?

bobbrown 8y ago
In the long term the market behaves rational. It might take some time, but - if he is right - odds are on his side. A mid-term (3-7 years) of irrational behaviour in a market in not unusual. Some will benefit from it.
- viach 8y ago
  > In the long term the market behaves rational. How do you know the current behavior is irrational? We probably just don't know what kind of rationality is behind this. What if it is not drive by the technical merits of blockchain, but still based on some rationality, we reject to agree with?