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To be fair that argument could be made about any speculative asset. Art, classic cars, watches, etc. With btc currently the barrier to entry is lower. I can buy
by wonderwonder 6y ago
To be fair that argument could be made about any speculative asset. Art, classic cars, watches, etc. With btc currently the barrier to entry is lower. I can buy some satohis for a few bucks in hopes that they appreciate in value. I cant buy a piece of a Picasso or a Rolex. It is a speculative investment much like those, just one that has a wider audience.
- heterodoxxed 6y agoSo is it a speculative investment or is it a currency or is it a groundbreaking technology with uses apart from either?
- wonderwonder 6y agoFor me its a speculative investment. For others your answer may vary. Doesn't really matter though, no one is buying it with an expectation that it wont appreciate so it can be a currency and a groundbreaking technology while still being a speculative investment.
- heterodoxxed 6y agoIt seems to me that it's a speculative investment for almost everyone, because the case for anything else is extraordinarily weak. And the case for it as a speculative investment is based on the other cases.