Post
Topic
Board Speculation
Re: Proposed investment strategy with focus on long-term gain
by
jzcjca00
on 30/03/2013, 03:54:39 UTC

All I'm saying is that if more of us will sell a little when the price gets high, and place orders to automatically buy on dips, the price will be more stable, and we will ALL make more money in the long term.



Let's try this again: http://en.wikipedia.org/wiki/Prisoner's_dilemma

I'm familiar with the prisoner's dilemma.  While game theorists firmly believed that the prisoners would betray each other, are you aware that experiments have shown that actual humans have a natural tendency to act more in cooperation than pure logical self-interest would dictate?  It's in our genes to cooperate.  I believe many Bitcoin holders will be willing to sacrifice some short-term gain in order to help insure the success of the project.

This is demonstrated by Ron Paul's ability to raise many millions of dollars, even though there is no direct benefit to the donors.  It's purely a matter of people cooperating to achieve a common goal.