tag:blogger.com,1999:blog-10063302430241797.post503192038390809171..comments2023-03-04T03:37:27.377-08:00Comments on Terry Burnham: Chicken Little Feels the pain of "opportunity loss" Terry Burnhamhttp://www.blogger.com/profile/05446522317509663222noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-10063302430241797.post-29179108975532322902017-09-26T06:01:20.239-07:002017-09-26T06:01:20.239-07:00It is strange that there is so much emotion relate...It is strange that there is so much emotion related to the idea of cryptocurrencies.<br /><br />One thing you might want to do to de-bias your anecdotal sample is ask how those people feel about holding traditional foreign currencies. My guess is that, among American investors, there is about as much antagonism toward holding some EUR (or AUD or BRL, etc) as there is toward cryptocurrencies. However, that doesn't mean any of those things will necessarily appreciate against USD.JGR314https://www.blogger.com/profile/11702319994021721608noreply@blogger.comtag:blogger.com,1999:blog-10063302430241797.post-70940017455728560572017-09-20T14:54:32.354-07:002017-09-20T14:54:32.354-07:00Hi Joshua,
I did learn one big lesson. It is to ...Hi Joshua,<br /><br /> I did learn one big lesson. It is to scale your investment relative to your conviction. I originally invested 1% on my net worth in crypto : https://goo.gl/9zRNWf<br /><br /><br /> The volatility was so enormous and my conviction is not that high so I scaled back my investment to 30 basis points and at the end of every month I trim it back to 30 bpsagain. <br /><br /><br />I'm not interested enough in crypto currencies to do the work to have a lot of conviction. When I talk to people, most of them hate the idea. That makes me believe, based on my work during other asset rallies, that the rally is not over yet. I could be wrong. Hence the 30 basis points <br /><br />Terry Burnhamhttps://www.blogger.com/profile/05446522317509663222noreply@blogger.comtag:blogger.com,1999:blog-10063302430241797.post-90590182319127362412017-09-20T11:05:18.866-07:002017-09-20T11:05:18.866-07:00What do you learn from this outcome? Was your asse...What do you learn from this outcome? Was your assessment of cryptocurrencies wrong, or was this just an unusual draw from the probability distribution?<br /><br />I struggle to find a framework to trade cryptocurrencies. Other than FOMO, what explains why they have gone up so much? FOMO doesn't seem tradable, to me, since it just justifies self-reinforcing price behavior and doesn't determine direction.JGR314https://www.blogger.com/profile/11702319994021721608noreply@blogger.com