3 ms·
> a belief that they will be dramatically more valuable in the future And the definition of speculation: "engagement in business transactions involving conside
by aneth4 14y ago
> a belief that they will be dramatically more valuable in the future
And the definition of speculation: "engagement in business transactions involving considerable risk but offering the chance of large gains, especially trading in commodities, stocks, etc., in the hope of profit from changes in the market price"
It's not necessarily a bad move to speculate on BTC. But it is certainly not based on any current fundamentals. Speculative bubbles ALWAYS crash, though some rise far above the value they crashed from after a long period of stabilization and development of fundamentals.