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scrafty comments on December Monthly Bragging Thread - Less Wrong Discussion
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How risk-averse are you? But even if you aren't, I suspect that right now bitcoins aren't a great investment strictly in expected-value terms due to the high risk that they will decline in value by a lot. No one really knows what will happen, though.
I'm fairly risk averse in the sense that I wouldn't ordinarily feel confident enough in my knowledge to play on speculative markets...I just happen to possess BTC because someone liked something I wrote and kindly tipped me in BTC a couple years ago. I'd forgotten about it for a while, and today realized that it's worth 20x more than it was originally.
So basically my inaction caused me to inadvertently made a good investment. And even though I wouldn't ordinarily have tried investing in BTC, now that the decision to invest has essentially been made for me I curiously haven't immediately decided to convert to dollars.
Status quo bias is interesting - I'm tempted just to keep it and watch what happens...so far it's still rising. I guess the amount on the line isn't actually large enough for loss aversion fear to kick in .