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by devalgo
2206 days ago
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> but the question is, how and why will the bubble burst? I'd take the Black Swan approach. There are probably a dozen each unlikely events that could cause the bubble to pop but you're unlikely to actually predict which one will do it and when it will happen. Your optimal move is to assume something is going to happen at some point and just hedge yourself against that rather than try to predict. Taleb gets called an oracle but his entire philosophy is not to predict rare events that destabilize a system but just accept they will eventually happen and prepare accordingly In this case having some portion of your net worth in BTC/Crypto seems like an obvious hedge |
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