I've been following this forum for a few weeks now and I'm honestly shocked as to how little 95% you know about economics or finance in general.
The Bitcoin community is filled with young, uneducated, and over-excited children "playing" with digital currency/asset as a hobby. None of you have the slightest clue as to how quickly the entire value of Bitcoin could be brought down to $0 in a matter of days.
Put aside your egos and "to the moon" mirages and think about the following. How will Bitcoin react if:
1.) The US government starts to regulate it? Or ban it? (GASP!)
2.) Another exchange is found to be a fraud?
3.) A bank or government created it's own cryptocurrency that's legal and trusted?
4.) Bitcoin has trouble scaling and it take days or weeks for transactions to process?
5.) Mining is no long feasible or profitable?
I am hopeful that a cryptocurrency will emerge in the near future. However, in my opinion, the issues above need to be addressed for any new cryptocurrency to even have a shot.
Save the "oMfG you're a N00B with 1 p0St" bullshit. I am an active investor in many different markets and industries. I'm hoping to open some of your eyes and bring you back to reality.
Of course you're right. But Bitcoin is a good investment, if you do not, of course, mortgage the house to invest in it. In addition, many traders make a fortune on it. And the fact that people are driven into this market and do not understand anything about it, well, it's their problems. We can not put our brains in the mind of someone else so that he understands what's what.