Re:Bitcoin surpasses $50K as major companies jump into crypto
by chillacy on Wednesday February 17, 2021 @12:49PM
(#26169216)
Yea but that’s what people thought at 100, 1000, and 10000 too.
A lot of people dismiss the possibility of a 10x rise in price and fixate on the 2x reduction. That kind of pessimism is hardwired in: humans have stronger loss aversion.
But if something has a 20% chance at 10x and 80% chance of 1/2x, that’s still positive EV.
A lot of people dismiss the possibility of a 10x rise in price and fixate on the 2x reduction. That kind of pessimism is hardwired in: humans have stronger loss aversion.
But if something has a 20% chance at 10x and 80% chance of 1/2x, that’s still positive EV.