James_Miller 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: James_Miller 27 December 2013 11:44:01PM 3 points [-]

The percent of your assets you should put in Bitcoins is small enough that if you have less than $100,000 you should have basically nothing in Bitcoins, plus having that small amount of cash almost certainly means you are not a sophisticated investor, and since Bitcoins are very risky (could easily go to zero value) if you don't have much of an asset cushion you shouldn't speculate on them.