You're looking at Less Wrong's discussion board. This includes all posts, including those that haven't been promoted to the front page yet. For more information, see About Less Wrong.

jkaufman comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong Discussion

4 Post author: Ander 13 January 2015 08:02PM

You are viewing a comment permalink. View the original post to see all comments and the full post content.

Article Navigation

Comments (136)

Comments (136)

You are viewing a single comment's thread.

Comment author: jkaufman 15 January 2015 02:58:38PM 3 points [-]

One could think of markets like a pendulum, where price swings from one extreme to another over time, with a very high price corresponding to over-enthusiasm, and a very low price corresponding to despair.

This is very misleading. Pendulums are extremely predictable with continuously varying momentum while markets are anti-inductive.

Powered by Reddit Powered by Reddit