Been a pretty rough week, reminds me why I should never put more than 10% of net worth here
Chamath Palihapitiya says you should keep 1% of your net assets in Cryptocurrencies.
High correlation between the BTC price and others. Lots of chaos in Bitcoin-land (August 1/SegWit drama) means most of the others are now falling, large investors just mass-dump their crypto holdings even though logically the prices shouldn't move in lockstep.