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AustenAllred's profile
Austen Allred
Austen Allred
Austen Allred
Verified account
@AustenAllred

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Austen AllredVerified account

@AustenAllred

CEO @LambdaSchool (YC S17): A CS education that's free until you get a job. I have made remarks that I do not agree with.

San Francisco, CA
lambdaschool.com
Joined December 2010

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    Austen Allred‏Verified account @AustenAllred Jan 17

    I've seen the chart that shows every time bitcoin has dropped 20% it later shoots back up quickly to an all-time high. That has to be the *worst* kind of analysis you could possibly do.

    10:40 AM - 17 Jan 2018
    • 29 Likes
    • Game of Inches Khaled Aly Nate Cloud-Rouzan James Burns Will Bickford Victor Montoya Jacob Steve Catlin Helio
    6 replies 0 retweets 29 likes
      1. Austen Allred‏Verified account @AustenAllred Jan 17

        It's everywhere. I've seen it in 4 or 5 places now. Including on my *Facebook*

        4 replies 1 retweet 6 likes
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      1. Mitchell Wright‏ @mitchellbwright Jan 17
        Replying to @AustenAllred

        No no, I'm 100% sure that past performance is an indicator of future performance.

        0 replies 0 retweets 5 likes
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      1. New conversation
      2. Stephen Pimentel‏ @StephenPiment Jan 17
        Replying to @AustenAllred

        If one takes it to imply "it will surely shoot back up again," then I agree that is groundless. If one takes it merely to show that "20% drops have no strong implication, negative or otherwise," then I think it's fair.

        1 reply 0 retweets 1 like
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      1. Khaled Aly‏ @khaledealy Jan 18
        Replying to @AustenAllred

        Why not? When someone draws a chart we should listen. Investing by charts 101.

        0 replies 0 retweets 0 likes
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      1. Will Bickford‏ @wbic16 Jan 17
        Replying to @AustenAllred

        It's funny: the best way to approach Bitcoin et. al. is to look at end-game valuations and buy+hold. Warren Buffett strategy without the aversion to technology. But that's too easy I guess...

        0 replies 0 retweets 0 likes
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      1. Salina Mendoza‏ @inababi Jan 17
        Replying to @AustenAllred

        I shared that on someone's FB post that was having a meltdown. 😅 he said it probably isn't the most accurate. It's an internet pic. Usually aren't very accurate

        0 replies 0 retweets 0 likes
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