Quote from: Rat_Poison on October 06, 2014, 08:42:25 PM

Quote from: sgbett on October 06, 2014, 07:20:50 PM

Not being able able to separate price and value, is liking not being able to tell the difference between fantasy and reality.

Saying something stupid, then using that as a reason to call everyone else stupid only really points to one thing.

You think bitcoin is going to be worth $560,000 next year, and you're telling me that I have a problem differentiating between reality and fantasy Cheesy

I love this place!

I guess you're cashing in every single spare dollar you have and buying up all the bitcoins possible, right? Because bitcoin has so much *future* value. In reality, a paper wallet will likely be worth little more than the paper it's printed on. Well, I'll be here to let you guys know that I told you so and tried to warn you. Of course, by then you'll all be gone and buying up some new variety of magic bean, I suppose.

Not only that, but you have a problem with reading comprehension. Instead of guessing what I am doing, you can simply read what I actually posted in that thread. That 560k is one of many realities that could occur. Not being able to see that demonstrates that you're faillling at understanding the nature of reality.

That thread and several other posts I've made quite clearly explain what I do. They also caution others not to do anything rash as you suggest (SELL IT ALL froth froth) you've even got a screenshot of what I have bought this year

So you can clearly see the *reality* of the situation. I take measured risk investing in BTC when it looks undervalued because the market *price* is dropping (I started buying back in at around half off, and kept that up.) Its incredibly boring investing like this, and hugely non-intuitive which is why I don't expect you to get it.

Everyone knows you should buy low sell high, be greedy when others are fearful, buy when there is blood in the streets etc

Not many people actually know how, or do it when it comes to the crunch. Instead they are sheep, because its easier to go with the crowd. If I am wrong, the whole world will be quick to jump in and tell me how stupid I was. If I am right, the whole world will be quick to jump in and tell each other how unlucky they were and to reassure each other that I was just lucky and they were all the smart ones that just got cheated.

Read Taleb. If your school has it.