We're all Schrödinger's cats in the short term - page 2.

justdimin

hero member

Activity: 3164

Merit: 675

www.Crypto.Games: Multiple coins, multiple games

Quote from: KonstantinosM on September 12, 2018, 02:57:45 AM

We won't know where the price will be at any given time until we check it!

or maybe we're Schrodinger's investors.

I'm not saying I don't believe in the fundamentals, I believe there is a huge future for bitcoin, but we don't truly know what the future may hold. Past performance not indicating future outcomes and what not.

YES! This was exactly what I was trying to explain to people but this example is AMAZING. I have been telling people that bitcoin can go down to $3k in a week and no one would be shocked because bitcoin does that type of stuff and also it can go to $10k and we wouldn't be shocked because bitcoin does that too, in a week it can do any of that and we would not be shocked. We would be either happy or sad but not surprised by it.

Schrodingers cat is amazing example for such a thing, never been able to put my finger on this until you said it, great example. We will have to wait and see until someone opens the box, lets see if we are dead or not when the box is opened.

Bitcoinsummoner

hero member

Activity: 1456

Merit: 624

Maintain Social Distance, Stay safe.

Is it me? or most of the the the miners do. I'm not particularly good at predicting prices, but if the fundamental is outstanding then checking the prices on panic manner is not necessary.

Short or long, high or low, fuds or facts. The deciding factor and the last foundation is trust.

The cat has NINE lives, but bitcoin has millionsAT.

Gembul0705

member

Activity: 168

Merit: 24

Yes it is true that we can't predict price bitcoin only there will be back again to zero (like death cat) or will be recovery again or reach the ATH again (the cat still alive). But if we not believe that bitcoin will still have many chance that it will recovery. like Niels Bohr says we will don't know is the cat is still alive or death if we don't open the box. And I want to see that the cat still alive so just make more learn and try so we can get more experience where is the bitcoin will go. but in long term i believe that it still have a good future in my opinion

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

Quote from: Don Pedro Dinero on September 12, 2018, 03:05:48 AM

So, what?

What you have just said can be said about any investment: we can’t predict short term but we can long term if it has good fundamentals, and past performance can’t be used as an algorithm to predict future performance.

Yes, but a lot of people cling to the delusion they can predict the price in the short term. That only happens rarely with deep insight and perhaps even some insider knowledge of the market. (like gox being insolvent or maybe tether collapsing).

Mostly, if you tried to predict the price in 24 hours, you just wouldn't be in the ballpark most of the time.

For example, I could guess that the price tomorrow is likely to be 6300 and I could as easily guess the price would be 6050. Or any other number.

But the price tomorrow could be 4,000 or 7000, or it could even crash to near 0. The technology would still exist and the benefits of cryptocurrency would still be realized, my profits would be dead and I would be a schrodinger's cat.

It happens in the traditional market too, there are a lot of companies that were huge that have simply disappeared. They get dropped from the index and we only remember the victors.

I guarantee you that if you do research, you'll find that huge companies have dropped out of the S&P 500 and disappeared. We shouldn't act like this somehow does not or will not happen in crypto.

sheenshane

legendary

Activity: 2492

Merit: 1232

It's really hard to predict on what possible happen to bitcoin or the entire cryptocurrencies, as long as there are so many investors who still believed in bitcoin I can assure that it still exists on the market. But those doubtful people I'm sure right now they ignore bitcoin to invest instead. But one thing that for sure they had this big question on everyone’s lips, "what will these coins be worth in the future?". We all don't know what's in the future so, let's enjoy as what had bitcoin now.

Don Pedro Dinero

legendary

Activity: 1358

Merit: 1565

The first decentralized crypto betting platform

So, what?

What you have just said can be said about any investment: we can’t predict short term but we can long term if it has good fundamentals, and past performance can’t be used as an algorithm to predict future performance.

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

We won't know where the price will be at any given time until we check it!

or maybe we're Schrodinger's investors.

I'm not saying I don't believe in the fundamentals, I believe there is a huge future for bitcoin, but we don't truly know what the future may hold. Past performance not indicating future outcomes and what not.

Topic: We're all Schrödinger's cats in the short term - page 2. (Read 376 times)