Is Bitcoin antifragile? - page 3. | Bitcointalksearch.org

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Quote from: Sanugarid on April 06, 2020, 08:00:07 AM

Take note that bitcoin significantly dropped hard last month, and in that case I can conclude that bitcoin is not as antifragile as what you are trying to say. World's struggling yet bitcoin is off until now, maybe this will give the answer to you mate

Actually, the recent crash demonstrates that Bitcoin is quite antifragile

Its price as of today is the same as it was just 3 months ago, so we can't even say that Bitcoin crashed and never came up. Of course it crashed but it was an obvious and outrageous market manipulation on the part of BitMEX. Did it hurt Bitcoin? It definitely hurt Bitcoin traders (with some of them likely losing millions in the process) but did it undermine their faith in the cryptocurrency as such?

I suspect we can't say so if we take into account the latest price dynamic. These people lost their money, that's true, but it wasn't Bitcoin's fault, so they will be and probably already are buying back as fast as they can and as soon as they have spare cash on hand. The outcome of this bloodbath is that Bitcoin came off stronger out of it. And this is what antifragility is all about

Quote from: hugeblack on April 06, 2020, 10:07:29 AM

Based on Nassem Taleb's definition, which he mentioned: It is a characteristic of systems that increase the ability to thrive as a result of fluctuations, and therefore we can say that Bitcoin is going through an @antifragility" state

It feels like Bitcoin is vigorously alive today, and even more alive if we compare it to the current environment and overall circumstances

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We cannot consider bitcoin as antifragility because it is still an experimental currency and does not have enough market capacity to be safehaven and therefore it is vulnerable to sharp fluctuations but does it pass the condition of "antifragility"?
Based on Nassem Taleb's definition, which he mentioned: It is a characteristic of systems that increase the ability to thrive as a result of fluctuations, and therefore we can say that Bitcoin is going through an @antifragility" state.

Do not forget about the losses and profits that occurred due to simple things like China banning, hacking a platform, announcing a pandemic and others.

Sanugarid

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I trynna what antifragile really means out of the theory, just take it literally the word itself it might not suit the bitcoin just because we are facing a disease across the globe. Gold does not seem to be bothered these days but I haven't seen any person called it antifragile too. Take note that bitcoin significantly dropped hard last month, and in that case I can conclude that bitcoin is not as antifragile as what you are trying to say. World's struggling yet bitcoin is off until now, maybe this will give the answer to you mate.

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That’s should be the best theory honestly, many says bitcoin will be the safe haven but it is not confirmed yet since we saw a big drop because of the virus and it looks like bitcoin is following the trend of stock market. The only thing I can see right now is that, the price is rising again but its not that strong compare to many predictions. If there’s a big calamity, bitcoin is expected to be become big but it looks like bitcoin is still on that way to become stronger.

deisik

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If you don't know what antifragility is, as Nassem Taleb defines it, you may want to read his book on the subject matter

Put succinctly, antifragility with respect to Bitcoin refers to its becoming stronger as everything else around it tumbles and falls apart. Well, as Taleb himself points out, there's no absolute antifragility, and it necessarily comes at the expense of something else, the latter being the source of antifragility as such. For example, humanity as a whole becomes more resistant to Covid-19 specifically because some people die from it (natural selection at work)

So the question is, if Bitcoin is antifragile (which seems to be the case in certain or even most life circumstances), what does its antifragility come from? As recent events have shown (e.g. the coronavirus pandemic), Bitcoin gains where regular currencies fail, especially cash payments, or even when it itself takes a hit (e.g. BitMEX's little shenanigans). But that's definitely not the only reason which gives rise to, and more generally facilitates, its antifragile nature

I would like to look into this matter deeper and in greater detail - with your help, of course. Please share your thoughts

Topic: Is Bitcoin antifragile? - page 3. (Read 547 times)