Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
tvbcof
on 21/08/2012, 06:04:27 UTC

it just dawned on me that it appears i am the first one IN THE WORLD to have done this.  not to mention to the magnitude i have.  if someone else has done something similar they sure haven't stepped forward to admit it in this forum or elsewhere.  i guess i'll either be defined as a visionary or a dunce.

Actually, let me respond to that to.

If your bet pays off, I'll consider you a visionary AND a if not a dunce, at least quite reckless.  Like someone who tries, and succeeds, in setting a record jumping a motorcycle over more cars than anyone before.

If it turns out that they daredevil is a physics wiz and ran a series of complex computer simulations, specified and tested the mechanical aspects of the ramp, tested his motorcycle's performance in a controlled series of experiments, etc, etc, now I start to develop a fair degree of respect for the guy.  With Bitcoin I do not believe that it is possible to fully analyze many of the more critical factors or even fully predict all of the factors that are and will come into play.  Thus, while I can and do have some respect for someone who goes all-in, I still consider them to be mostly a gambler.  And I tend to have more respect for someone who would do such a thing more out of philosophical or political grounds.

That said, I myself went more or less all-in on PM's.  That was at a time when I had less to lose though, and I never thought that a plausible outcome was to realize a 100% loss whereas I _still_ assume that outcome for my Bitcoin speculation.