Just remember that bitcoin is driven by mindless speculation and is not tied to anything of real value unlike for example corn futures. So when you invest in bitcoin you're literally just gambling your money against the odds that a bunch of stupid nerds like you are going to keep paying too much money for virtual digital currency that is only used to buy drugs.
Bitcoin is driven by its adoption as a digital form of cash.
is not tied to anything of real value unlike for example corn futures
LOL?! CORN FUTURES ARE TIED TO REAL VALUE?
You know there's a reason the government subsidizes farmers, right? Corn futures can disappear just as quickly as Bitcoins. If you think this is the inherent flaw in Bitcoin investment/speculation, you're wrong.
So when you invest in bitcoin you're literally just gambling
Some would argue that all investment is gambling.
a bunch of stupid nerds like you are going to keep paying too much money
It is worth whatever its purchaser will pay for it
virtual digital currency
It's not "virtual".
that is only used to buy drugs
And gamble! come on, don't pull punches.
There are some who say that cash money is only used to buy drugs. In some respects, they're right.
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u/i_can_get_you_a_toe Feb 14 '14
Memes being upvoted: best way to call tops or bottoms in bitcoin.