Re:A tale of two bubbles, the dot-coms and Bitcoin
by Retric on Thursday December 07, 2017 @02:50PM
(#15873394)
Exactly, the odds that something else wins are very high, but picking the winner is going to be difficult and possibly not profitable. Really, look for something that can scale to a billion users while incentives are linked to being useful not being an investment as they have different optimizations.
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Re:A tale of two bubbles, the dot-coms and Bitcoin
by PeterisP on Thursday December 07, 2017 @07:03PM
(#15875534)
As the original article states, if you're sure that the concept is really going to be a big thing but you don't have a way to pick out the future winner, then investing proportionally in all of them can be highly profitable - as in the example of the dotcom bubble, if you invested in all of the IPOs, it'd eventually be very profitable; most of your investments are in losers, but the few winners make up for them.