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The first thing one has to do when analysing past money decisions is to judge the decision based on the information available at the time. I too watched from t
by PowerElectronix 8mo ago
The first thing one has to do when analysing past money decisions is to judge the decision based on the information available at the time.
I too watched from the sidelines as btc, nvda and others went to the moon. But with the information available at the time, investing in those was not a sound strategy.
- hsbauauvhabzb 8mo agoThere are plenty of people that thought WeWork would go to the moon, too.
- b0bbi 8mo agoYou are 100% right about survivorship bias. That's actually exactly why the calculator already supports a status "BULLET DODGED"!
- hsbauauvhabzb 8mo agoDo you account for all the factors of the worldwide market? Because there are certainly more busts then there are crypto level books. The whole pre-tense of your site is flawed by survivorship bias to the point where it has no value, and you suggesting you’ve accounted for that proves that you’re ignorant to economic realities.
- b0bbi 8mo agoEither I misunderstood the question, or you misunderstood what this project is about. All I consider is historical data. Based on this data and the dates entered, I calculate the result. I don't need to consider economics.
- eru 8mo ago> The whole pre-tense of your site is flawed by survivorship bias to the point where it has no value, [...] As far as I can tell, the site is purely for entertainment.
- b0bbi 8mo agoIt's true. In my experience, you'll be able to evaluate the correctness of your actions today in about five years, when you have more data and results.
- cs02rm0 8mo agoSurvivor bias again - these are the few that made it while many others did not.
- lofties 8mo agoEven if I would've bought Nvidia, Bitcoin, or whatever stock... who is to say I would've had the balls to hold it all the way to whatever they're at today. I probably would've ended up like the guy who spent 10,000 bitcoin on a pizza.