News for hackers. Stuff that matters.

A comment on Bitcoin Hits New All-Time High Above $65K on Strength of ETF Debut. Parent comment

Re:Bitcoin Hits New All-Time High Above $65K on Strength of ... by ur-whale on Wednesday October 20, 2021 @10:57AM (#28931406)
> I was looking at it during the dip in July and thought it was too expensive.

You shouldn't feel bad about it: it just means you're sensible.

I've seen and heard people following that exact line of thought at $2, $30, $300, etc...

Predicting the future is by nature hard.

Predicting the future of a highly volatile phenomenon is psychologically hard.

[ Parent | on HN ]
Re:Bitcoin Hits New All-Time High Above $65K on Strength of ... by xx511134bz on Wednesday October 20, 2021 @01:13PM (#28933218)
Not as hard as you think, https://twitter.com/100trillionUSD/status/140657700623024537...
[ Parent | on HN ]
Re:Bitcoin Hits New All-Time High Above $65K on Strength of ... by ur-whale on Wednesday October 20, 2021 @02:28PM (#28934197)
> Not as hard as you think

Volatility on a log scale gets squashed a fair bit.

Not that I disagree with PlanB's model, but that's not what most people look at, especially not daytraders: PlanB's model's investment horizon is way too long for them.

[ Parent | on HN ]