Quote from: oyvinds on September 01, 2014, 06:22:34 PM

Quote from: rpietila on September 01, 2014, 05:47:24 PM

What?? Bears infesting my thread? Angry

The correct way to value BTC is to take a scenario analysis:

* The price of LTC is $4.9290
* LTC will have 4 x the supply of BTC
* Thus, the value of LTC should be BTC/4.
* The fair value of BTC could therefore be LTC/USD * 4

4.9290 * 4 = $19.7

Quote from: rpietila on September 01, 2014, 05:47:24 PM

It seems to me that (with the caveat that better investments such as Monero may be available) I should invest everything that I can afford to lose.

Kelly formula: With essentially infinite payoff, invest same % as is the probability of success = 20%. (Kelly is valid if B automatically leads to loss of entire investment, and is higher if this is not the case.)

My suggestion: 50% of investment capital in crypto, of which the %-age of Monero should approach 50% if the sum is very small but be much less if the sum is significant.

My suggestion: Short the rallies, avoid buying back on dips.

Have you bought this account recently? Huh