Hacker News new | ask | show | jobs
by wmf 2720 days ago
Because there's a chance it will go up 10x and no other asset will.
2 comments
ivalm 2720 days ago
Sorry if I didnt understand sarcasm, but in case you are serious, "speculation" is not the same as "store of value." Whether crypto is a good speculation target is a difficult question, but most do not sell crypto as a "speculation target" as its primary attribute. It is also unlikely that something whose primary attribute is speculation can have a positive roi long term.
link
wmf 2720 days ago
I'm not being sarcastic (this time). When crypto people say "store of value" I'm pretty sure they mean (long-term) speculation.

Also consider that people may be investing for a different reason than what they say.

link
UncleMeat 2720 days ago
There's a chance that lottery tickets go up 1,000,000x. There's a chance that vintage NES controllers go up 100x. There is a chance that baseball cards go up 100x.

Literally all things have a an arbitrary growth ceiling.

link