Bitcoin / Bitcoins / Crypto Currency

Horatio, what? I said it's an interesting experiment to watch, nothing about 50/50 odds. I'm not exactly sure what points you're trying to make (I think they're both the same one: that houses are in a bubble, and so are bitcoins) but I don't really agree or disagree. Lots of people are using them for lots of reasons, including speculation, just like many fiat currencies. In the future they'll either be worth less than they are now, the same, or more. Nobody knows what will happen, even you.

My post was more of a response in general. Although your post (along with tommy's) was what got me thinking about the "all or nothing" attitude, which is a simplification (even if it wasn't your intention - so apologies). My point was that this attitude looks incredibly silly to me.

However, I do agree it's interesting to watch (and a bit frustrating. I wish I bought a bunch when they were worthless, obviously).

In terms of "my points," they are not the same, but they are built off of each other. The first is about speculation in general, the second is about speculation in something which is (essentially) intrinsically worthless.

That is, in the midst of the house bubble it made sense for many people to buy. It was logical/rational to buy into it (in particular for first-time home owners). Everything said prices were going up, and you needed a home to live in. If you could buy one, it made sense. The price would only go up after, so it'd be more expensive in the future (or you'd make more money in the future if you bought now). This logic, however, does not carry on to bitcoins (or tulips).