Post
Topic
Board Speculation
Re: An updated Expected Value (EV) analysis for Bitcoin
by
rpietila
on 14/02/2015, 10:49:22 UTC
How would you do that when there is a fat chance it's all Bullshit?

+1. You never know. So leaving out any of the datapoints because of alleged bullshit is not good.

Many astute guys have a theory that TPTB are bullshitting us the final last time with a move that goes to high-5 digits, sucking their money in the game, crashing the price, and gaining a public record of all the people who are thinking independently enough to buy in, but are not paranoid enough to realize that it was a bankster/government con all the way from Satoshi to the FEMA camp.

Do I believe that? It's certainly a possibility. Instead of burdening my mind too much about the probabilities of the scenarios, I have found it much more helpful to group them under "harassment" and develop my skills to cope in the odd chance that 8 government guys want to raid your house and confiscate everything, or lock you in an institution, deny your lawyer and force-feed psychiatric drugs, or sue you over Kafkan made-up victimless crime allegations, or make up a national televised sex scandal over your employee you never even kissed.

After going through those, my interest in nitpicking about how likely it is for Bitcoin to reach the ATH exactly, is pretty pointless. It is more important for a person, whether he is denied Internet access or not, than whether he has a few million more or not. In western countries you may be denied Internet and lawyer without fair trial, and that is a human rights issue.

I am always ready to bet, though, if the odds are good enough. To get to $1,000/BTC from here, we need it to go up 4x. So if I have $1,000, I'd be at $4,000 when the price is $1,000. I also get to benefit from the close cases, for example $500 means a double. So, in USD terms, I'd probably not bet $1,000 unless I got $15-20k in the event of Bitcoin hitting $1,000. Actually it's more likely that you find the other side of the bet more interesting! Anything goes for me. I don't hope, I do the maths.