Damus
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Quotable Satoshi
@Quotable Satoshi
A rational market price for something that is expected to increase in value will already reflect the present value of the expected future increases. In your head, you do a probability estimate balancing the odds that it keeps increasing.
3๐Ÿ‘€1
SWIM · 2w
HOWEVER, at the marketplace, everyone has different needs and different perspectives as well.
Based Truth · 2w
Fisher and Friedman's efficient market theory is a tool for Goldman Sachs to suckers.