Quote:
Originally Posted by PR_Phil
It's looks like a graph of my success at the Black jack table, which I hardly call an investment. slow solid gains, then one day I hit it big, that night I went online and bought new golf clubs and started looking at new cars, next day I lost more than I had won the night before. this looks surprisingly similar, I bet there were guys out test driving exotics two days ago based on money they will never realize.
Anyways, I have no issues with those who are into BTC, not trying to bust anyones balls, or call anyone a fool, it's everyone's choice, and like I said, I may gamble some of my money on them at some point, I would just personally consider it a gambling.
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it's a cryptocurrency currently being hoarded as an speculative venture.
Speculation is the practice of engaging in risky financial transactions in an attempt to profit from short or medium term fluctuations in the market value of a tradable good such as a financial instrument, rather than attempting to profit from the underlying financial attributes embodied in the instrument such as capital gains, interest, or dividends. Many speculators pay little attention to the fundamental value of a security and instead focus purely on price movements. Speculation can in principle involve any tradable good or financial instrument.