Quote from: deisik on Today at 08:38:19 AM

Quote from: OROBTC on April 08, 2020, 10:54:21 PM

Re antifragile, I believe the concept of "antifragile" can be looked at as a matter of degree.

I pointed that out right away

And Taleb specifically emphasizes that point as well. Antifragility is possible only within a range on a certain continuum, and it necessarily comes at the expense of something else, either from inside or outside. This is a crucial point which can be generalized to cryptocurrencies, and then looked into. More specifically, this topic is about finding out and examining the circumstances and conditions under which Bitcoin reveals its antifragile nature, i.e. when it gains and becomes stronger from the chaos and turmoil outside, or even from within (from being bitmexed and goxed)

Quote from: OROBTC on April 08, 2020, 10:54:21 PM

N. N. Taleb himself has written that gold is antifragile

That was a loaded question

Really, how can you constructively disagree with something if you don't even understand the whole idea as this thread clearly proves? Taleb highlights that living systems are the best examples of antifragility. However, he goes on for pages how he couldn't come up with a term to describe this phenomenon when the fittest term (pun intended) is obviously evolutionary? Living systems thrive in a volatile and chaotic environment for the simple reason it is likely the only way to increase the external entropy and decrease their own, i.e. essentially the only way to get on

Hi deisik

It's been a long time since I read Taleb's Antifragile, although the book is still sitting within my eyesight now up there on my bookshelf. It looks like we do not disagree re BTC and gold being antifragile to the mainstream financial system.

Antifragile investments are a good diversification. And whether the inverse correlation with other investments is very strong or less so is not important to me, they act as hedges, at least in part. Good enough for my purposes.

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pooya87

I only mentioned ATHs as one of several indicators that can be looked at to make a rough assessment of price correlations. BTC has not been an investible asset (suitable for the somewhat mainstream people) since +/- Jan 2017 (I got in around 2014). So the time periods I chose reflect the longest period of time I thought proper for an initial look to see what aspects of "antifragile" price behavior I could tease out during the same period (Jan 2017 - now) for gold, BTC and stocks. Look, I understand that is imperfect analysis, but comparing BTC to assets that have been around longer has its problems.

Looking at the ATHs does have some value, IMO. I am not saying that there may not be better indicators, there probably are. I cannot and do not claim to any extraordinary expertise in examining asset classes. deisik's thread here has been useful to me to look at how these three classes have worked out in the past three years. For me, that's value.