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I believe it will keep going up but I am not 100% certain (anyone who says they are is an idiot or clueless) so I am invested only with an amount I am comfortab

I believe it will keep going up but I am not 100% certain (anyone who says they are is an idiot or clueless) so I am invested only with an amount I am comfortable with. It's not an all or nothing kind of situation; you can be be exposed to an asset in proportion with the risk you associate with the said asset. It's called risk weighting and it's considered basic investing knowledge. At this point I am not comfortable investing more in BTC but I would also be very reluctant to bet against it. I currently believe that the chance that BTC will reach the levels the Winklevii are talking about is minuscule, otherwise I would've already dumped all my savings into it. I have a dislike for people who keep preaching either about BTC completely failing or overtaking the entire world economy. Both belong to the same camp of irrational thinking and simply hoping their preferred outcome happens. There is a certain probability distribution associated with the future price and the chance that the price will be at the either end of the curve (0 or max) is tiny. This is why I always tell people who make black and white "predictions" about price to simply invest according to their beliefs and certainty levels. It usually reveals real quick what they really believe (more often than not, they're full of shit).

kolev 13y ago
I have to agree that both extremes don't do a favor to their side. The most important rule is not to invest money you can't afford to lose. I think 10-20% of your play capital can be invested in Bitcoin, but many put every single penny into it - maybe they don't have another chance to make money, who knows. Bitcoin sounds so simple as an investment! Unlike stocks, you don't need any special skills - you just hoard and cash out after a few years when you suddenly wake up a millionaire. By skills in stocks I mean that to match Bitcoin ROI you need to make a sequence of successful trades and stock picks.

kolev 13y ago

I have to agree that both extremes don't do a favor to their side. The most important rule is not to invest money you can't afford to lose. I think 10-20% of your play capital can be invested in Bitcoin, but many put every single penny into it - maybe they don't have another chance to make money, who knows. Bitcoin sounds so simple as an investment! Unlike stocks, you don't need any special skills - you just hoard and cash out after a few years when you suddenly wake up a millionaire. By skills in stocks I mean that to match Bitcoin ROI you need to make a sequence of successful trades and stock picks.