> One does not 'invest' in a currency. Someone in Venezuela putting USD under his mattress isn't investing? > What kind of currency has fluctuations +109% in

> One does not 'invest' in a currency. Someone in Venezuela putting USD under his mattress isn't investing? > What kind of currency has fluctuations +109% in a less than a month's time? A new currency that emerges out of nowhere, in an emergent fashion, such as bitcoin. You don't think gold prices fluctuated wildly in ancient Sumeria when gold was first used as a currency? > All great hustles have that. Madoff did it with the 'mystery' of the stock market. Ponzi did it with the 'mystery' of the then still recent international stamp post delivery system. Yes, and Uncle Sam with the USD. That said, I agree with you it is bad for people to extol the "smartness" of investing in bitcoin- It's impossible to predict future prices of a commodity that is speculated upon. People should instead simply explain the value that bitcoin has to offer to the world.