Yes, you are right, none are sure things. Maybe if someone came up with the cure for cancer (or the one gun or caliber we could all agree is the greatest gun/caliber of all) that would not be speculative but in the end even investments in the best companies end up being worthless. As you point out it is all a matter of timing. I was just trying to clarify what people are actually buying when they buy bitcoin. No question the bitcoin craze has driven up its value. Many people have made a lot and many more might make money on it going forward. It is all a matter of risk preference. People who are highly risk averse will not invest in crypto currencies. People with a little more risk tolerance will.
