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How do you read a blog that says "So either way, Balaji is 100% guaranteed to lose money on this bet, no matter what happens. It’s not a risky bet; it’s a sure
by evmar 4y ago
How do you read a blog that says "So either way, Balaji is 100% guaranteed to lose money on this bet, no matter what happens. It’s not a risky bet; it’s a sure loser." and then come to this conclusion?
- andrewfromx 4y ago"if Bitcoin goes to $1M, Balaji gave up the opportunity to buy 37 BTC at a price of $27,000. He will thus wind up winning 1 BTC but losing 37 BTC" but that's not really losing the big picture. If BTC goes to $1M in the next 90 days https://thenetworkstate.com/ https://thenetworkstate.com/ is happening!
- saagarjha 4y agoOk on one side he spends a million dollars and loses it because Bitcoin doesn't go to a million. On the other side he breaks even on the Bitcoin but doesn't feel bad about buying 37 because…someone creates an internationalized recognized country on the internet?
- deltree7 4y agoThe blog is a perfect example of 1-d / linear thinking. (Noah is smarter, but he still your basic normal-distribution-smart). Balaji made more than $1 Million on his bet.. Think about it