You need to think of the reason for an investment. If you are set for life, and want to gamble on it... cool, buy BC. You could also go to vegas, or bet on horses, or start a HFT trading shop. All are reasonable ways to gamble for fun and possibly profit.
If you are looking to build a nest egg to retire when you are old, it is very unlikely that BTC is a good route for that ;)
Please don't compare this to Vegas, where the odds are known to be against you.
Have a small/tiny % of your investment in cryptocurrency is a smart move.
So something that only people with significant incomes and the ability to lose 98% of their investments should touch it? I am fine with that definition. Not sure most BTC investors would qualify to invest in a startup though (see qualified investors law)
> Please don't compare this to Vegas, where the odds are known to be against you.
The odds are against you in many markets. I would argue the odds are against you in BTC. It is a zero sum game, and there are many people looking to steal or scam. In a zero sum game with scammers, your EV is negative unless you yourself also want to steal or scam (which is a different conversation to head down.
> Have a small/tiny % of your investment in cryptocurrency is a smart move.
Why? Should you put a tiny % of your investment in horse races? For most people, a small bet with an unknown payoff is not something they should touch.
