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GuySrinivasan comments on Why you should consider buying Bitcoin right now (Jan 2015) if you have high risk tolerance - Less Wrong Discussion

4 Post author: Ander 13 January 2015 08:02PM

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Comment author: GuySrinivasan 15 January 2015 08:06:42AM 0 points [-]

Ander's claim, which I see repeated a lot, seems to be that it is positive EV rather than neutral. That's the bit that raises my hackles.

Comment author: Alsadius 15 January 2015 01:34:14PM 1 point [-]

For a normal person who's saving money off their paycheque, DCA is superior to saving up a lump sum and investing that. This is true for exactly the same reason that DCA is inferior to a lump sum in the case where you're investing a lump sum - it gets you into the market faster, and stocks outperform cash.

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