Hacker News Reader

That's not how it works.

The degree of volatility has nothing to do with whether it's an investment or not.

The fair evaluation is what the market decides just like any other exchange out there.

Bitcoin might very well fail but financial schemes are also investments.

> The degree of volatility has nothing to do with whether it's an investment or not

You’re right, and that wasn’t my assertion. My assertion was that it makes it an absurdly poor “store of value.”