Sometimes you can have an incorrect reason and still have the right answer 
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Good luck!!! 
Buying GBTC at this time is not issue, it is bound to go up sometime until it crashes.
Coming to the point:
My guess is that people can simply lack an understanding on new things. ==> If you look at basic/fundamental, Bitcoin or other Cryptocrazies are not correct, they are openly heading for a crash after reaching peak. You need to clearly speculate, market time and make a big win.
Whoever invest in Cryptocurrencies may either win or lose big time and big amount. That is the beauty of speculation and market timing.
I completely understand the “GoodLuck” and I wish you good luck too 
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Really? He’s dumber than I thought.
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He also sold PayPal for a mere $1.5 Billion and allowed Meg to laugh all the way to the bank. Idiotic.
The epitome of success. Not like many posters here, including me.
He was right at investing in Bitcoin. He risked a little to get a lot, one shot, not investing here, there, xxx, ss, whatever. He did it with guts and he succeeded. The rest of you investors just lick your wounds. You failed to believe in Bitcoin as a speculative investment, now, I don’t know, you know that, It may be too late to get the results the 20 something year old guy got.
I know where he can put his money to work, I am working on an illustration, he will live his life as somebody not worried about reading the right side of the menu. (where the price is)
Even Draper has $450M bitcoins. He’s 59, not your typical millennial coin buyer
“Venture capitalist Tim Draper bought nearly 30,000 bitcoins in a 2014 U.S. Marshals Service auction. Draper confirmed to CNBC in early December that he is still holding all those coins”
What goes up must come down… they will lose big if they don’t sell in time.
These guys like Warren Buffet or Thiel invest money as if they were playing poker. They have their ducks in a row, anything wrong, their tax attorneys are ready.
Meanwhile, I am scratching my lottery tickets. 
Why bitcoin vs any number of other crypto currencies? Bitcoin has the name recognition. It’s $12/transaction though which makes it inferior to most other crypto currencies. It’ll never be a currency for daily/transactional usage. That’s why there was the argument then split to form Bitcoin Cash.
It seems there’s constantly a new currency that’s the flavor of the day and it sky rockets in value. This is literally dotcom all over again. Whenever a new dotcom would go public, it’d sky rocket in value. The business value didn’t matter. All that mattered was it was a website. Most of the currencies will fail the way most dotcoms failed. There’s plenty of time to wait for that shakeout then still invest in whoever’s left standing as the winner.
A small burger chain announced they were going to use blockchain technology for their rewards program. The stock went up 50%.
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Why hasn’t bitcoin crashed yet??? Come on!!! The market can indeed stay irrational than you can remain solvent…
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“Riot had turned down a CNBC request to appear on the show that day. “No one at the company has been able to get in touch with the CEO,” a Riot spokesperson said at the time.”
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Ok well here’s one CEO treating his investors like fools…
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A fool and his money? 
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At least this CEO won’t be a paper millionaire
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I challenged the same guys who challenged me to sell my home in order to “invest all the $” into an IUL to do the same by selling their homes and investing the whole thing into Bitcoin.
Had they done that, by now, they would be hanging themselves, or buying a gun to blow their brains off. 
He knows the truth, first and fast too!
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NVDA exposure to mining is quite small. It’s actually already declining as miners move to ASICs.
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Dec 29, 2017 5:11 pm ET
The price of the digital currency XRP, also called Ripple, surged 50% on Friday, pushing its market valuation to a record $85 billion, second only to bitcoin among crypto-assets.
The sharp one-day move, which brought the price of XRP to $2.17, is the latest outsized swell for virtual currencies in a year that has been rife with spikes. Investors in the field are increasingly placing widespread bets on a number of different currencies.
Based on Friday’s gains, the market value of XRP tokens totals around $84 billion, according to research site coinmarketcap.com. Friday’s move puts it ahead of Ethereum’s $72 billion valuation, and is second to only bitcoin, currently at $244 billion.
That puts XRP’s year-to-date gains at more than 30,000%; it began the year trading at less than a penny. Most of the gains have come in the last three weeks. On Dec. 11, XRP was trading at 25 cents. By comparison, bitcoin is up about 1,400%, and Ethereum is up 9,300%.
For XRP, the gains come after the latest signs that the company behind the currency, also called Ripple, has shown more progress in signing up banks to its closed-loop network, called RippleNet.
Earlier this month, the currency got a boost after a consortium of Japanese banks signed up to test its network. The company has more than 100 banks, mostly outside the U.S., signed onto its platform. It has not disclosed amounts, but has said that some of those banks have been using it in a live environment to move money, rather than just testing it as a concept.
XRP is different from other digital currencies in that its development is being guided and controlled by a single, for-profit company. Ripple the company launched its currency in 2012, as part of a plan to use the concepts behind bitcoin to build a cross-border, interbank payments and settlement network.
To Ripple CEO Brad Garlinghouse, the gains are a reflection of the fact that the company’s product is further along than competitors. “We have real customers, really in production using this,” he said, “not science experiments. Science experiments are not a business model.”
He stressed, though, that he wasn’t viewing this as a competition between cryptocurrencies. “I want Ethereum to be successful,” he said in an interview Wednesday. “I want bitcoin to be successful. I don’t view this as us versus them.”
When Ripple launched the network in 2012, it created 99 billion XRP. About 38 billion have been distributed; the company holds with rest, with plans to release them publicly over time. With the surge in the currency’s value, Ripple’s XRP is currently worth more than $100 billion, though the company would likely have a hard time monetizing that amount quickly.
Mr. Garlinghouse has also said it may use its XRP for acquisitions or as a resource to help build a wider ecosystem for its network.
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