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There's an important idea when it comes to investing: "past performance is not indicative of future results" So no, it's not a sure thing to "happen again" an

by urda 8y ago

There's an important idea when it comes to investing: "past performance is not indicative of future results" So no, it's not a sure thing to "happen again" and leading people on like that is just not right. Stop that. Edit: I don't care what "claim" you stand by.

devereaux 8y ago
> leading people on like that is just not right. Stop that. You are free to disbelieve, at your own expense. About crypto, I sometimes make bold claims, that are downvoted [1], but I stand by them. And they come true [2] much more often than not. Last time was about DOGE. Went quite up as predicted, went a bit down during the last crash but still like at position #21 today. And I still expect it to go higher - at least around #15 soon, unless something similar comes. Before that, it was against ETH maximalism [3] - that ETH was not going to be #1 even while it was raising. I thought it was a good #2 but even that seems was too generous, as it is now in #3 and I can easily see it sliding down more. Likewise, I state that BTC will bubble up, again and again, until something else offers better features. I haven't seem that "something" yet, hence my claim. The only question is how low it will go before it bubbles up. I'd say 1000. There isn't blood in the streets yet, the crash is just starting :) [1] https://news.ycombinator.com/item?id=17684359 https://news.ycombinator.com/item?id=17684359 [2] https://news.ycombinator.com/item?id=17938426 https://news.ycombinator.com/item?id=17938426 [3] https://news.ycombinator.com/item?id=16364663 https://news.ycombinator.com/item?id=16364663
abstrct 8y ago
Hey buddy, if you feel that investing in cryptocurrencies is too risky, and it may harm you finances and future, you should really find safer investments to consider. I would talk to a professional about it, perhaps with your local bank. Investments aside, you should really try to get your hands on some Bitcoin testnet coins and play around. Alternatively, something like Defcoin (http://defcoin-ng.org/ http://defcoin-ng.org/) is intentionally worthless and great for experimenting. It's neat stuff and helps you appreciate the technology, as well as appreciate the currency shortcomings that require smart people to try and fix. Many of us talk about how this has happened and will happened again not because we want you to invest, but because it's old news and articles like this are super boring. We have spent time working with the technology and community and see value in it. Value you may not see without wanting to go deeper, but value that is real and exciting.
ascendantlogic 8y ago
I'm more worried about the United States carrying a 21 trillion dollar debt load and what that will do to our economy more than I'm worried about "past performance not being indicative of future results" in the crypto markets.

by urda 8y ago

devereaux 8y ago

> leading people on like that is just not right. Stop that. You are free to disbelieve, at your own expense. About crypto, I sometimes make bold claims, that are downvoted [1], but I stand by them. And they come true [2] much more often than not. Last time was about DOGE. Went quite up as predicted, went a bit down during the last crash but still like at position #21 today. And I still expect it to go higher - at least around #15 soon, unless something similar comes. Before that, it was against ETH maximalism [3] - that ETH was not going to be #1 even while it was raising. I thought it was a good #2 but even that seems was too generous, as it is now in #3 and I can easily see it sliding down more. Likewise, I state that BTC will bubble up, again and again, until something else offers better features. I haven't seem that "something" yet, hence my claim. The only question is how low it will go before it bubbles up. I'd say 1000. There isn't blood in the streets yet, the crash is just starting :) [1] https://news.ycombinator.com/item?id=17684359 https://news.ycombinator.com/item?id=17684359 [2] https://news.ycombinator.com/item?id=17938426 https://news.ycombinator.com/item?id=17938426 [3] https://news.ycombinator.com/item?id=16364663 https://news.ycombinator.com/item?id=16364663

abstrct 8y ago

Hey buddy, if you feel that investing in cryptocurrencies is too risky, and it may harm you finances and future, you should really find safer investments to consider. I would talk to a professional about it, perhaps with your local bank. Investments aside, you should really try to get your hands on some Bitcoin testnet coins and play around. Alternatively, something like Defcoin (http://defcoin-ng.org/ http://defcoin-ng.org/) is intentionally worthless and great for experimenting. It's neat stuff and helps you appreciate the technology, as well as appreciate the currency shortcomings that require smart people to try and fix. Many of us talk about how this has happened and will happened again not because we want you to invest, but because it's old news and articles like this are super boring. We have spent time working with the technology and community and see value in it. Value you may not see without wanting to go deeper, but value that is real and exciting.

ascendantlogic 8y ago

I'm more worried about the United States carrying a 21 trillion dollar debt load and what that will do to our economy more than I'm worried about "past performance not being indicative of future results" in the crypto markets.