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<p>[QUOTE=&quot;-jeffB, post: 5138831, member: 27832&quot;]Because a tenfold return is a tenfold return, and if all you have is $17 or $170, then that&#039;s what you put in. How would you go about buying $17 worth of gold?</p><p><br /></p><p>(Note: I&#039;ve never bought bitcoin, so I don&#039;t know what transaction fees are like. I know there are vending machines in my area, but I also know that they demand a full identity-theft kit of personal information to let you make a transaction; <i>that&#039;s</i> a price <i>I&#039;m</i> not willing to pay.)</p><p><br /></p><p>I don&#039;t know whether Bitcoin will reach 10x its present valuation, or 1/10 its present valuation. I <i>personally</i> think the latter is more likely, and certainly more likely to happen first -- but I&#039;m not gambling on it either way, because <i>there are no fundamentals here</i>.</p><p><br /></p><p>I don&#039;t think it&#039;s very likely that Bitcoin will hit $1M, but I think it&#039;s more likely than gold hitting $100K, because again, <i>there are no fundamentals here</i>.</p><p><br /></p><p>Bitcoin <i>does</i> interest me, because it&#039;s such a near-perfect abstraction of value. It&#039;s absolutely, positively backed by the full weight of <i>nothing at all</i> except itself. As a computer-science and logic geek, that appeals to me, or amuses me, or something.[/QUOTE]</p><p><br /></p>

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