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PowerElectronix | 5 days ago

The first thing one has to do when analysing past money decisions is to judge the decision based on the information available at the time.

I too watched from the sidelines as btc, nvda and others went to the moon. But with the information available at the time, investing in those was not a sound strategy.

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lofties|4 days ago

Even if I would've bought Nvidia, Bitcoin, or whatever stock... who is to say I would've had the balls to hold it all the way to whatever they're at today. I probably would've ended up like the guy who spent 10,000 bitcoin on a pizza.

cs02rm0|4 days ago

Survivor bias again - these are the few that made it while many others did not.

hsbauauvhabzb|4 days ago

There are plenty of people that thought WeWork would go to the moon, too.

b0bbi|4 days ago

You are 100% right about survivorship bias. That's actually exactly why the calculator already supports a status "BULLET DODGED"!

b0bbi|4 days ago

It's true.

In my experience, you'll be able to evaluate the correctness of your actions today in about five years, when you have more data and results.