= 27d567bc2d48d9f40e9ccc20ea370b15)
scrafty comments on December Monthly Bragging Thread - Less Wrong Discussion
You are viewing a comment permalink. View the original post to see all comments and the full post content.
= 783df68a0f980790206b9ea87794c5b6)
Loading…= b715d02e85f7b3b4ae65ca3d3e450868)
Subscribe to RSS Feed
Powered by Reddit
= f037147d6e6c911a85753b9abdedda8d)
You are viewing a comment permalink. View the original post to see all comments and the full post content.
Comments (119)
Request for information - should I take this to mean you sold them for dollars?
(I'm asking because I have some btc which I had forgotten about until recently and am wondering if this is the correct time to trade for dollar, but I haven't done any research on the topic and wouldn't really know where to start.)
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 .