The Lindy effect (also known as Lindy’s Law) is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age. … The Lindy effect applies to “non-perishable” items, those that do not have an “unavoidable expiration date”. – Wikipedia.
“Lindy” have often been used as a characteristic of bitcoin by VCs and institution traders, its standing duration since the start till now.
The summarised/simplified version of this effect: the longer (duration) an asset exist, the higher its expected value and probability to continue living on.
Funny how we often overlook such simplicity of an “effect”, when making our investment choices. We often overcloud our decision with sporadic noise from twitter, people around us and youtube. I’ve got to admit, im fallible as fck for this (as you see in the next few posts that comes after this).
Remember the initial where bitcoin was called the next “Tulip” where the bubble lasted (since spread to burst 1634~1637), where I was also calling it that.
So why did bitcoin play out? so why does any of this crypto asset play out? does it even matter at all?
What matters then? for one, we are all here through finance.sg or by anybody’s grace, for only one reason. To attain as much alpha as possible, no bullshit just things we can learn from so that we can make money. This is the direction the blog will head into; short concise information (ideally < 10~15mins read)
I often ask myself why would i want to over-crowd my trade? the answer is no i’m not going to do that (in anyway that is harmful to my positions), whatever information that i’m about to share will be one that i’ve grind as much as i can from it or still am and also “alphas” that i assumed that led me to multiple losses.
Why share then when the all “alphas” are gone? – one thing i’ve learnt from my entire journey is that you can actually learn alot from one’s sharing (not saying it in anyway of arrogance because i def have no made it). You will probably find loopholes in my methodology and also patterns that are repeated in my thoughts/actions.
Ultimately, if any of this benefit you or you just want first-hand information and you would like to be generous. Not a need, but who wouldn’t say no to money. You can support my work at https://www.patreon.com/financialveracity and get private and earlier updates by me on every Monday, Wednesday and Friday!
financialveracity.wordpress.com 