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A comment on Autonomous corporation “The DAO” has become the biggest crowdfunded project. Parent comment

Re:Autonomous corporation “The DAO” has become the biggest c... by drcode on Monday May 16, 2016 @01:39PM (#11708006)
So you're saying the intrinsic value is certain to be lower than it's current market value? I have good news for you: You can become rich by simply shorting ether on Kraken and Poloniex!
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Re:Autonomous corporation “The DAO” has become the biggest c... by street on Monday May 16, 2016 @03:38PM (#11709004)
The cryptocurrency holders can probably stay irrational for longer than I can stay solvent. I'll sit on the sidelines and watch.
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Re:Autonomous corporation “The DAO” has become the biggest c... by c2315261 on Monday May 16, 2016 @03:35PM (#11708975)
You're completly disregarding that timing is far more important than simply knowing that there will be a downward correction. The shorting fees will end up being consuming a large chunk of the profit even though you sold a hundred thousand ether coins at $11 and bought them back at $1.
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Re:Autonomous corporation “The DAO” has become the biggest c... by aianus on Monday May 16, 2016 @10:11PM (#11710956)
> The shorting fees

Costs about 16% APR to borrow ETH for shorting on Bitfinex right now. So if you're expecting a >=90% crash in the next ~5 years you'd still make a profit.

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Re:Autonomous corporation “The DAO” has become the biggest c... by drcode on Monday May 16, 2016 @03:40PM (#11709022)
That is a valid point.
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Re:Autonomous corporation “The DAO” has become the biggest c... by desdiv on Tuesday May 17, 2016 @02:54AM (#11711775)
Plenty of people shorted Bitcoin on Bitcoinica, but they didn't lose their money when BTC went up. They lost their money when Bitcoinica went down.
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