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Lumifer comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong
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Comments (136)
Do you own any Bitcoin?
If you do, a conflict-of-interest statement is in order, and I would recommend examining one's own confirmation bias as well.
I am also amused by the LW's belief that markets are efficient except for the Bitcoin market :-)
Thanks, I added a statement. (I thought it was obvious that I do own Bitcoin, but I'll make it more obvious!)
I do not believe in the efficient market hypothesis. I do believe in a weaker form of it, but not in a strict form in which there no way to benefit from information.
I think that evidence does not support the efficient market hypothesis. You can make testable predictions using fundamental analysis or technical analysis, and see whether following certain rules would allow you to beat the market over time. But that would be another post which would be even longer than this one.