Molly WhiteDec 22, 2024

remember when mainstream news outlets published a bunch of incredibly irresponsible articles about how rich people were getting off crypto, and then people bought in and got wrecked over the two years of "crypto winter" that followed?

anyway here's a WSJ headline i just saw: "Young Men Are Making Risky Bets on Crypto and Politics—and Raking It In Right Now"

https://www.wsj.com/finance/investing/young-men-investing-bitcoin-stocks-sports-betting-1d44cf8c?st=jxsVqM

#crypto #cryptocurrency

Show threadMolly WhiteDec 22, 2024

#crypto #cryptocurrency

Show threadConlan SpanglerDec 22, 2024
@molly0xfff Am I understanding this correctly? A hypothetical portfolio of only non-traditional investments that have gone up—and none that have crashed and burned—would have outperformed traditional investments? This seems… unremarkable.
Show threadGentleman Technologist

@conlan @molly0xfff this, exactly. High risk investments have high returns because of the risk of no (or negative) returns.

If you cherry-pick only the winners retrospectively, then obviously you'll have high returns.

The trick is picking the winners *before* you know what the returns are.

Dec 22, 2024 at 5:36amWeb