3 ms·
Isn't the point he tried to make that if you've chosen an entry point into Bitcoin anywhere in the last -12 - -5 years you'd still be ahead 5 years later? So th
by mszcz 6y ago
Isn't the point he tried to make that if you've chosen an entry point into Bitcoin anywhere in the last -12 - -5 years you'd still be ahead 5 years later? So that if your time horizon is at least 5 years and if history is any indicator (here is the real fallacy imho) investing in Bitcoin is a good idea?
(Sure, that's way more than 7 entry points :)
- drdeca 6y agoI was mostly just trying to show why the "it happened twice" makes some sense, (though, it is somewhat stronger than "it happened both times". I just don't know how much stronger. I guess that was the sort of thing I was wondering-out-loud about) and also saying some thoughts that that brought to my mind. But yes, "it working at any time if you wait 5 years" would be relevant. I guess I was trying to think about, "what would the chances be of that happening to have been the case purely by chance?". Like, in order to look at how strongly it suggests it will be the same in the future.