Investments should create value. They should fund inventions, creations, discoveries or contribute something meaningful to humanity. Bitcoin is an environmental catastrophe, wasting massive amounts of electricity to enable trading computer bits back and forth producing nothing in the process. Bitcoin exchanges are almost exclusively used to speculate on the price of bitcoin. That’s not investing, that’s gambling. Many people can become skilled at gambling and consistently make money, that doesn’t make it investing.
To the moon!
The biggest mistake Bitcoin advocates have made is measuring success using price. Bitcoin will not succeed by settling for being a better, richer, longer lasting Ponzi scheme.
MaryXmas 1 points 2.5 years ago
It is a speculation, not an investment.
And get off your high horse on energy consumption. Mining for gold takes a ton of energy for mining and also rips up the earth.