Yea but that’s what people thought at 100, 1000, and 10000 too. A lot of people dismiss the possibility of a 10x rise in price and fixate on the 2x reduction.

Yea but that’s what people thought at 100, 1000, and 10000 too. A lot of people dismiss the possibility of a 10x rise in price and fixate on the 2x reduction. That kind of pessimism is hardwired in: humans have stronger loss aversion. But if something has a 20% chance at 10x and 80% chance of 1/2x, that’s still positive EV.