That would make them the dumbest investors that ever lived. Bitcoin has no intrinsic value like gold does. It's not used in manufacturing anything. If they are the major force behind the economy and they aren't spending them but only hoarding them then their is no economy.
That means they are investing in a money without government backing, with no economy, with no intrinsic value, with almost zero velocity, with bad media attention suppressing widespread use, where financial crimes are the norm in business, where good businesses are dark web based and sell illegal items, where the money printing press is run by a constantly changing and unorganized clusterfuck of leaderless bafoons (devs) and they are buying up all the potential for the money to start being used.
Yeah, that sounds legit. The only good news in this is the Winkledouches will lose all the money Mark Zuckerberg worked so hard to accrue. The most difficult thing the Winkledouches ever did was hire an attorney.
all of these are
true but that doesn't make bitcoin a bad investment.
also you have to admit that all of what you said was true, even more true back in 2011 too, back when price was below $1
it was once again true on April 9, 2013
then again we can see how true they are one more time in November 2013 and continued being true until the end of the year.
and this doesn't end there either,
again it was true at the beginning of October 2015
and the most recent one is the June 2016 that all you said became true.
and yeah sure big investors, like giants named WinkleWhatever are losing money at all these times in the history
