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Dearie me. If ever anyone asks for a definition of 'Sunk Cost Fallacy' point them at David Gerard's blog. The more Bitcoin's value goes up, the more he insists
by Normille 6y ago
Dearie me. If ever anyone asks for a definition of 'Sunk Cost Fallacy' point them at David Gerard's blog. The more Bitcoin's value goes up, the more he insists it's a scam and a bubble and that he's glad he doesn't own any.
"I was wrong" are the hardest words to say.
- creepto 6y agoHe's correct, it's most certainly a bubble and Tether is very likely to be a scam. It's hilarious how people think they're winners when they haven't cashed out into FIAT. Can't wait for the repeat of early 2018.