Quote from: r0ach on April 30, 2016, 05:01:34 AM

Quote from: smooth on April 30, 2016, 01:02:28 AM

Quote from: r0ach on April 29, 2016, 06:31:18 AM

Quote from: kiklo on April 29, 2016, 03:57:28 AM

Those so-called idiots outnumber your VCs and they are risk averse.

Anyone who is risk adverse would have a portfolio of something like 25% physical cash, 25% metals, 25% land/rental properties, 25% btc.

LOL no.

BTC is like a 1000-1 (or more, possibly much more) shot on becoming a world reserve currency, perhaps overlaid with some value as a medium of exchange for dark(-ish) markets (and I guess for altcoin speculation too, as long as that survives).

There is nothing risk-averse investing about that, though a much smaller weighting might be consistent for diversification, and indeed given the potential upside of BTC a smaller weight will still produce very nice returns in the good case.

This is not say that 25% BTC is a terrible idea (I have less, but not a whole lot less, but then again I'm not so risk-averse), just that it isn't risk averse.

Likewise for alts.

My statement was made with the assumption someone had equivalent crypto knowledge as myself and knew how to operate things like a stop loss. Much of that risk just disappears unless you're imagining a scenario where the underlying cryptography fails, or quantum computer comes out of the blue and rewrites entire chain. I wasn't really talking about 90 year old women buying BTC. As for admitting, as Smooth, you have less than 25% in BTC, you disgrace village...very dishonorable.

In other news: Bitcoin war on Overclock.net declared

https://bitcointalk.org/index.php?topic=1455145.0

Bitcoin has already demonstrated its ability to drop by 90% and (partially) recover. If you are overweight, think about what that means to your ability to accumulate lower.

I have under 25% now, but in the event of a substantial drop, I may well end up with more coins than someone starting with a higher weight now. If that never happens and the 1000x event happens first, I'll still be fine.

Granted you may be actively trading and planning on stopping out before taking a big loss, sure, but that whole approach is still not really "risk averse" as I would consider the term (in the sense of owning 25% metals, 25% land, etc.)