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> But I have no idea how an "investor" could read this and think they can price the risk correctly. This isn't even the wild west of finance--this is intergalac
by jquery 6y ago
> But I have no idea how an "investor" could read this and think they can price the risk correctly. This isn't even the wild west of finance--this is intergalactic space.
To be a successful investor, you don’t necessarily have the price the risk correctly, you just have to price it better than others.
I imagine someone successfully investing in crypto can read stuff like this fluently.
- pfisch 6y agoAnyone "successfully" investing in crypto got in at least 4 years ago or when we the last big run up was and just held in a reputable exchange or in their own wallet that they secured well. They don't need to understand anything really except how to deposit 5000+ in a reputable exchange. I think this makes up most successful crypto investors.
- bojo 6y agoI am not an advovate for crypto by any means, but this is false. There are some Wall Street level investors out there. https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/valuable-sec-data-on-20-institutional-bitcoin-investors-could-soon-disappear/#4227304a1de2 https://www.forbes.com/sites/michaeldelcastillo/2020/08/06/v...
- pfisch 6y agoI agree. I just don't think they are the majority. The majority is just dumb holders.