News for hackers. Stuff that matters.
Re:Coinbase Index Fund by bufferoverflow on Wednesday March 07, 2018 @02:53AM (#16534945)
> In blackjack with basic strategy your expected value is, what, 49%?

Assuming you number is correct, that's after just one game. So you're expected to lose 2% each game (51-49). So if you play 20 games, you lose 33.3% (1-0.98^20).

And you can't win against the casino in the long run. With cryptocurrency investments you can. In fact, if you choose a random time to invest, in, say, Bitcoin, you will win most of the time.

There are no comments on this comment yet.