That is why they exist. My question is why do you think it needs to happen by tomorrow. I'm asking because I know the relevant economic theory on this (rational expectations), and that doesn't...
Type: Posts; User: wufwugy
That is why they exist. My question is why do you think it needs to happen by tomorrow. I'm asking because I know the relevant economic theory on this (rational expectations), and that doesn't...
Why do you think that?
Yet, it is very likely that one day cryptocurrencies will do what people today think they will. That is essentially the base for the enthusiasm of cryptocurrencies.
Even if we look at the dot-com...
With your implied point. Scams exist and people invest in scams. I wasn't talking about that type of thing.
believe me i would do a much better job of trolling if i ever tried.
Cool. I agree
I'm not so sure. Nobody can even tell you in exact terms why a specific change in a price happened. Current discussion by economists includes the idea that investors into what have since been...
Reading the paper is always such a good idea.
Example: I talked a bit with my prof about the idea of bubbles. I hold the market monetarist/Chicago school view that asset price bubbles are not...
I think what's going on is that true value is unknown. I mean, the value of oil and gold is fucking zero if some new mega virus kills off 99% of the population. What are the true values of oil and...
I wonder if it could be that if people are not worried about bubbles then they can happen, and if people are worried about bubbles then they don't happen. People really, really do not like losing...
Per Scott Sumner, the bubble hypothesis is bollocks because it is not useful. His main point on it is that it contains no predictive power. This means that even if a bubble happens, nobody notices...
The price derives from the facts (and what people believe are the facts), not vice versa. The facts don't derive from the price (unless you can find that the price changes the facts, which probably...
People are fish and also the bubble hypothesis is bollocks.
If you're thinking of investing in it, learn about it, don't worry about price changes, worry about the facts on the ground.
Another way of looking at it is that when you trade stocks, you are essentially saying "I have more/better information than anybody and everybody else such that I can safely say the stock is wrongly...
^Compounded and yearly. So a solid strategy adopted early in life can yield very huge retirement riches.
As nice as it would be to get lucky with something like having bought a bunch of bitcoin or apple cheaply years ago, it's not like standard, non-luck based investment doesn't also get you rich. ...
One element of the best investment strategy is to hold your assets for a long, long, very long time*. If I bought bitcoin cheaply a while back, I would plan on holding it for decades. I would not...
The price of bitcoin can hit 100k or 1m or 100m. It could also drop to 1k and stay thereabouts. Price changes in the past tell us nothing about how the price might change in the future.
Correction: it isn't that the data shows it is not in a bubble, but that the data shows that the previous bubble predictions (the ones that have since been tested) were wrong.
Bitcoin is not in a bubble. The data used to show it's in a bubble actually shows that it is not.
Additional information on this: http://www.themoneyillusion.com/?p=32738