I find it amusing that people think those who “invest” in bitcoin (its not really an investment, it is a “use”) do not consider other investment opportunities.
Each week I cash out a portion of my bitcoin profits. I set aside my tax liability. I buy stocks in my DRIP accounts. I have been buying 1/2 oz of gold every two weeks for the past year or so.
Bitcoin could drop to zero tomorrow and I would still be so far ahead of where I was three years ago, it boggles the mind.
People who understand the technology or bitcoin are, almost by that defining quality, smarter than the average bear. We understand diversification, we understand tax liability, and we understand how the new “paradigm” is changing the entire way people are dealing with currency transfers.
Of course, there are the ICOs which are literally like penny stocks. Those are pure speculation.
If you’re making a profit on it, how is it not an investment?
The reason you are diversifying out of Bitcoin air into physical gold, etc. is because you know Bitcoin is just air.