Check out the chart below. Is that something you want to invest in?
If your answer is YES, you have got more balls than brains. Taking merits of this digital currency aside, at the end of the day no one really knows how much bitcoins are worth. They could be worth $1 Million or they could be worth $1. It is purely arbitrary. You can’t value it and as such it is not an investment. It is a pure speculation. Anyone who claims otherwise is full of shit.
Is there utility in Bitcoin. Certainly. However, the utility part can be equated to early American colonial times, where every little town had its own currency. Same thing will happen with onslaught of digital currencies over the next decade. Who will win? One thing is for sure. I am not smart enough to figure it out, but good luck speculating in Bitcoins.
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