This is exactly the type of reasoning that leads to markets behaving irrationally. Do your own research, rather than trying to use the current market behavior as your primary source of information about how you ought to act in the market.
This is exactly the type of reasoning that leads to markets behaving irrationally. Do your own research, rather than trying to use the current market behavior as your primary source of information about how you ought to act in the market.
No way! Use market behaviour as free information unless you have some specific reason to consider yourself to have the potential to know more than the market and the expectation that you have something significant to gain by your specialised knowledge.
Um, no. Doing well in the market requires you to do better than everyone else. Updating on market behavior gives you literally zero relative advantage.
Um, no. Doing well in the market requires you to do better than everyone else. Updating on market behavior gives you literally zero relative advantage.
You are confusing two separate goals. One of which is making a profit from being in the market. The other goal is using the market as an information source about what is or is not likely to be an economically viable course of action. If it helps, use a prediction market as the example.
There are big challenges in any currency reaching a take-off point; I anticipated big hurdles for Bitcoin due to legal and economic issues (they seem to have no economists involved). Don’t think Joshua did anything wrong by pointing out EFF’s opinion, given that they have much better feel for legal issues.
This is exactly the type of reasoning that leads to markets behaving irrationally. Do your own research, rather than trying to use the current market behavior as your primary source of information about how you ought to act in the market.
No way! Use market behaviour as free information unless you have some specific reason to consider yourself to have the potential to know more than the market and the expectation that you have something significant to gain by your specialised knowledge.
Um, no. Doing well in the market requires you to do better than everyone else. Updating on market behavior gives you literally zero relative advantage.
You are confusing two separate goals. One of which is making a profit from being in the market. The other goal is using the market as an information source about what is or is not likely to be an economically viable course of action. If it helps, use a prediction market as the example.
There are big challenges in any currency reaching a take-off point; I anticipated big hurdles for Bitcoin due to legal and economic issues (they seem to have no economists involved). Don’t think Joshua did anything wrong by pointing out EFF’s opinion, given that they have much better feel for legal issues.