3 ms·
Bad investments don't go up 50x in a year. I think you need to adjust your definition of bad investment.
by a3voices 13y ago
Bad investments don't go up 50x in a year. I think you need to adjust your definition of bad investment.
- harryh 13y agoPicking a number on a roulette wheel pays 35x in about 1 minute. If your number happens to come up was it a good investment?
- etherael 13y agoBecause the concept of an instantly transferable easily stored and hidden immune from state control pseudonymous electronic currency having any amount of success is clearly just as random and unpredictable as the result of a roulette wheel spin.
- harryh 13y agoMaybe, maybe not. That's certainly a topic worth discussing. I was just refuting a3voices's assertion that a rise in value alone made it a good investment. That's outcome based thinking and it's wrong.
- brador 13y agoYou're picking out the positives and purposefully avoiding the negatives.
- etherael 13y agoNo analysis no matter how biased is going to seriously come to the conclusion that bitcoin having any success is purely as random as a roulette wheel. I challenge you to come up with something even vaguely plausible along these lines, no matter how pessimistic you want to get.
- a3voices 13y agoYes if you had good enough information that it was likely. Anyone following Bitcoin for the past few years knew there was a very high chance of this happening.
- macspoofing 13y agoSure they do. The worst kinds of investments can go up 50x (or more) in a year.