4 ms·

If red hasn't come up in a while on a roulette table, is it a smart move to bet on red?

• ipaddr 3y ago
  It's about 50-50 (minus 0 and double 00) regardless
  • bradjohnson 3y ago
    I'm saying that any knowledge you think might tip the scales in one direction is inconsequential. You will lose money or gain money depending on the will of those with the most stake. It is never a "smart move" to invest in crypto. It is gambling. Maybe get a lady friend to blow on your mouse before you click buy.
    • Mistletoe 3y ago
      Never a smart move? It's been the best performing asset like clockwork 3 out of every 4 years since inception, in time with the Bitcoin halving cycles. https://twitter.com/TimmerFidelity/status/1653114784257040384 https://twitter.com/TimmerFidelity/status/165311478425704038...
      • bradjohnson 3y ago
        There is no basis for the increase in value. Crypto at large is a Ponzi scheme where the increase in amount of suckers buying into it is the sole evidence given for its usefulness. Every stalwart crypto supporter talks out of both sides of their mouth every time they are questioned about the actual utility of crypto. Is it the future of money (AKA useful liquidity) or is it a great investment that can only increase in value (AKA speculative deflationary asset)? It cannot be both and it is certainly not useful as money. Makes you wonder why DOES the line go up?
        • ipaddr 3y ago
          In fairness share prices have no basis aside from supply and demand.
• mattgreenrocks 3y ago
  Fair enough. Thanks!