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@NotThamesWater
Investment is still investment, even if there is inherent risk.
One (still simplistic) way of differentiating it from gambling is that you own something.
I should qualify my previous statement about buying bitcoins as an investment. By modst definitions of investment, it probably is an investment.
But, given the reasons I stated earlier (liquidity, volatility, insecurity etc...) it's little more than a bet, and is being treated as such by pretty much everyone on this thread and in the articles linked to.