So is gold, diamonds or stamps, or anything at all in this world.
As a matter of fact diamonds are know scam with overinflated price that are controlled by cartels that constrict supply to set and control the price. So is oil!
At least you can make jewerly with gold and diamonds. Let's not mention what you can do with oil. I can fork bitcoin and have as many bitcoins I want...but we both know they are worthless.
With bitcoin you get the worst of both worlds: no jewerly to show off and a "scam with overinflated price that are controlled by cartels". Go in, have fun, but don't delude yourself that your are "investing" something more than a ponzi scheme.
First off all, I have not said anything about "investing". Its obvious that bitcoin is controlled be massive whales that swing the price.
But how is that different than FED pumping money into stock market? All of the stories about 'boys club' doing blatant insider trading.
The thing is every game is rigged and you must be actually delusional to think otherwise.
The "invisible hand" of the free market is real and is there always stacking odds against small and weak.