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> the whole cryptocurrency sector seems fairly irrational to me. And I say that as someone who was VERY interested/knowledgable about bitcoin during the 2013 bu
by fwdpropaganda 8y ago
> the whole cryptocurrency sector seems fairly irrational to me. And I say that as someone who was VERY interested/knowledgable about bitcoin during the 2013 bubble
I'm not disagreeing with what you said, but I would add that if you were very interested before the 2013 bubble and then lost interest, you were/are irrational as well. Like everyone else you're taking views on the price based on the price.
- erikpukinskis 8y agoMy price target for Bitcoin was $10k in 2013. I have no way to rationalize a target at $100k, especially sharing the pie with other currencies... not saying it won’t go there, I just don’t know the math for that. Given that there’s not a great reason to buy at $8k. Maybe for diversity among other investments.
- fwdpropaganda 8y agoSo after the 2013 bubble shouldn't you be buying like crazy? I maintain my claim :-) Seriously though. Would you share your calculations?