Post
Topic
Board Bitcoin Discussion
Re: Watching amateur finance types flail
by
jerfelix
on 24/06/2011, 20:40:35 UTC
But to compare it to Digicash and Beenz really shows that you haven't done your homework.  Probably a lot like predicting "the dot-com crash over the last Decade".  (That would have been a little more impressive if done in 1998, and not over the last decade.)
Look at the dates on Downside.com's "deathwatch".  Deathwatch ran from 2000-2001, starting at the peak of the dot-com boom. We predicted the crash when others were hyping the boom.


Nasdaq peak March 10,  2000 at 5048
Nasdaq a decade ago:  2035

If you had been "predicting the dot-com crash over the last decade", you would have predicted a crash, as the Nasdaq went UP from 2035 to its current 2652.

In other words, "predicting the dot-com crash over the last decade" means you did it after the crash.