Vaniver comments on A proposed inefficiency in the Bitcoin markets - Less Wrong

3 Post author: Liron 27 December 2013 03:48AM

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Comment author: Vaniver 27 December 2013 09:06:43PM 6 points [-]

However, cryptocurrencies allow for one to cheaply test whether they can outguess or not. Real estate is not cheap to test your prediction skills.

It's hard to say how general financial guessing skills are, and something like "I bought Bitcoin in 2011 and held for two years and now my $1k is $1M, time to start buying real estate because I'm clearly a good investor" seems like a poor idea.