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That sentiment is also often a way to cover for the incoherent belief "P(A|B) > P(A|-B) > P(A|B)".
by jaibot 13y ago
That sentiment is also often a way to cover for the incoherent belief "P(A|B) > P(A|-B) > P(A|B)".
- exit 13y agocan you expand that for us? what are A and B?
- jaibot 13y agoAny proposition, where A is the thing you want to believe and B/not-B are observations - it's a slightly tongue-in-cheek attempt to mathematically represent the idea that no matter what you see it confirms that you're right.
- celticninja 13y agoI think that depends on your entry point. Perhaps if you got in at $1000 you may be trying to convince yourself, or others, that holding long term makes sense. However if you got in at <$3 and have been holding bitcoin for a period of over 18 months then actually it is not an incoherent belief that it will be worth over $1000 again, it is a projected outcome based on the historic performance of the technology as a currency.