[spiddy]

When you buy bitcoin you are _investing_ in the possibility that the bitcoin will be part of the economic network.

The earlier you invest the better the returns. As time passes and bitcoin grabs hold a position the S curve of possible returns will be less. Same as investing in stocks.

The value is brought by being early adopter. Historically bitcoin is gaining adoption, but one would argue we're still early.

Paradoxically if you think that bitcoin is useless, it's early, if you think it's a sure thing, it's late.

That has nothing to do with bitcoin though, it's universally true for any type of risk investment.

[AlexandrB]

"Investing" in a possibility that something might happen that is completely outside the control of the entity I'm investing in sounds like plain old gambling. Not that you can't do that with stocks also (see penny stocks, for example). It's like saying I'm "investing" in the ball landing on "00" when I put my chips on the table.

I guess I'm too old and curmudgeony to do that.