I am never suggesting anyone “invest”, “speculate” or buy any crypto currency.
I am suggesting that instead of sitting around talking down other people’s decisions or inventions that the same amount of time could be spent on learning something new. Something that may provide value—and developing the critical analysis skills that can allow you to see potential.
Most of the people I see shitting all over bitcoin have no idea—and want to learn nothing—about how any of this works.
I hope you don’t buy any. I use the dollar amounts to show how a minimal investment early gets you leverage that a late adopter will never manage.
Most (probably all) of the people that I see singing the praises of bitcoin are people with a vested interest in keeping the demand for bitcoins high, so they don't lose money on the bitcoins they already own. The people that have recently bought bitcoins at their high price point, based on the glowing reports of profits made by people like you, are now just hoping the price goes up, up, up by the bigger fool pricing model. Convince me that people are buying bitcoins because they are easier to exchange for goods and services than US dollars. Otherwise I'll continue to argue that the price has just been driven up by speculators.
What percentage of the current price of bitcoins is just a bubble produced by people speculating on future gains? What makes bitcoin a better place for people to put their money right now than silver was when it sold for over $50 an ounce?