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Stuart_Armstrong 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: Stuart_Armstrong 15 January 2015 03:17:10PM 1 point [-]

If you don't know about Bitcoin, you should start by reading about its history, read Satoshi's whitepaper, etc.

This is only relevant if you're arguing that there is some systematic investment error being made by people unfamiliar with bitcoin, that knowledgeable investors can exploit. If not, extra knowledge has no added value.

In your analysis, it doesn't seem there is any strong division between the behaviour of the knowledgeable and the not, so there seems no reason to go and get that knowledge.