Quote from: bitserve on April 13, 2017, 10:28:03 PM

Quote from: JayJuanGee on April 13, 2017, 09:43:43 PM

Quote from: bitserve on April 13, 2017, 09:25:16 PM

Are you aware that you are trying to rationalise against something that you are ALMOST doing? (there's not much difference between 90% and 100%).

I don't know if the price will go up or down.... just making a point about something I find a bit incoherent.

Yes, we already went over this several times in our earlier discussion of the topic.

I thought that the punchline was that we disagree.

I already stated my reasons for disagreeing with you, and you already provided your reasons for disagreeing with me... but apparently, you want to continue to discuss the matter.

You already know from where I am coming from. Whether you agree or not or understand, I already told you that I do not care because I am going to continue to make my various assertions regarding the benefits of incrementalism and the folly of balls to the walls strategies.

Further more, you describe my system as 90 to 95% (as compared with 100%) - and that is a bit of bullshit, because we are not talking about me being 90-95% fiat, we are talking about bitcoin, and sliverfuture is going 0% bitcoin because he wants to gamble. There's a pretty big fucking difference between 95% and 0%, no? And, you are saying that it doesn't matter which one we are talking about .. blah blah blah.. It does matter, and likely plays out considerably different in practice too (not just theory).

I thought that when I copy pasted the exact reply that started our previous discussion you would get the joke Wink

I had not noticed the copy and paste, and so you are correct, that does make your response more funny.

However, I think that the substance of our disagreement is a bit too serious to treat as a joking matter.

Sure we can joke about the foolishness of bears and we can joke about the foolishness of a variety of topics in this thread including the extent to which we may be conclude that one outcome is more likely than another outcome and even betting wrongly on outcomes.

In the end, even though we may agree on several points, we still see this hedging matter somewhat differently, and it is not just a semantics difference - its a whole mindset difference.

I mean, didn't you even read my point about the difference between 0% and 92%.. that is a whole hell-of-a-lot bigger of a difference than you are inaccurately making it out to be (you say a difference between 90% and 100% - but the difference is much greater than that - even 0% and 85% is a BIG FUCKING difference.

Quote from: bitserve on April 13, 2017, 10:28:03 PM

Anyway, why don't you just recognize that you are gambling as we all are? System, no system.... it's all bets on one or other direction... and anything in the middle is just hedging on our main bet.

That said, its not like casino gambling... We are all here because we know the worst case is that our "investment" can go to cero but, in the best case, it has a big probability to be multiplied several times.

More or less we agree about the upside possibilities of bitcoin being great, and if you do not engage in margin trading, then you can only lose as much as you buy... but if you engage in margin trading or leveraging, then that seems to be another story.