Funny nobody talks about the collapse of the stock market here on HN.
Funny how this is just whataboutism...
whataboutism is one of those words used by people who dont want to see things in context.
Bitcoin Falls Below $20k
81–83 of 83 posts
Re: Bitcoin Falls Below $20k
#82Earlier quoted context omitted.
Funny how this is just whataboutism...
whataboutism is one of those words used by people who dont want to see things in context.
No, whatboutism is a lazy way to not present any conjecture but imply something else. And it sounds snarky as fuck at the same time, it doesn't foster any discussion and just devolves into exactly the kind of commentary you just wrote: shallow, combative and useless.
Re: Bitcoin Falls Below $20k
#83When you see people you think are not as smart as you get rich via crypto, it is very natural to think that you should go at it, too. Fortunately, about 10-12 years of stock market investing showed me a lot of patterns. There will be stories, there will be wondrous companies that seem to grow magically and yet what lies beneath is most critical. Cash flow and the embedded estimate in the market cap vis-a-vis this cas…
> Fortunately, about 10-12 years of stock market investing showed me a lot of patterns. Fortunately in what sense? You're talking as if BTC was worth nothing. 19K is still a really good price if you zoom out. I understand young people whose first investment was BTC 1 year ago and bought at 60k and are -70%. But if you have been investing for 10+ years as you mention then there's nothing fortunate about not having bou…
>Fortunately in what sense? You're talking as if BTC was worth nothing. 19K is still a really good price if you zoom out.
Fortunate in the sense that I learnt that the only way to reliably value any asset is to calculate cash-flows -- for me anyway. There are a million things (BTC,ETH whatever) in which you can invest and some of them will make money but I learnt these weren't for me because I can neither predict how high/low something can go
> I understand young people whose first investment was BTC 1 year ago and bought at 60k and are -70%. But if you have been investing for 10+ years as you mention then there's nothing fortunate about not having bought BTC.
Investing in company stocks that I somewhat understand, yes. Fortunate about not having bought BTC .. well. I don't seem to understand how BTC can be worth anything at all so I didn't/won't :)