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I get the gag here, but it's not a very apt comparison. The expected return from a roulette spin is really well understood: a loss of about 5% of your bet, alb
by dplavery92 8y ago
I get the gag here, but it's not a very apt comparison. The expected return from a roulette spin is really well understood: a loss of about 5% of your bet, albeit with high variance. The future of these investments is less understood. Again the variance is high, but its performance over time is also really good. Perhaps you have plenty of reasons to doubt the future performance of BTC, but it's not like it's a known bad bet.
- airstrike 8y agoThe point is it's the same as gambling. Pure luck, no proven way to project future demand, does not generate cash flows. It's also hyped AF so you can't even tell what's real vs. speculative demand.