[mihaifm]

It's the same as with other investments. You're putting some money in, with the hope that the thing you buy will appreciate in the future.

When you buy stocks what exactly do you buy? Some stake in a company? Nonsense. You're just hoping that company will do well and your stock will appreciate.

Sure you can invest in commodities like oil or gold. Does that mean that an oil tank will be delivered to you door? No. You're just creating a virtual position with that commodity, hoping to close it later at a better price.

Same with crypto currencies.

[perl4ever]

If I believe that shares of stocks generally come with votes, which allow you to control the company if you have enough of them...and I believe that oil or gold futures do indeed entitle you to take physical delivery, does that mean I should not invest in cryptocurrencies, because I inhabit a different reality than those who do?

[derimagia]

A lot of cryptos have the same thing, with "votes"