[ch0wn]

I have yet to see someone argue that TWTR is the future of money and will replace gold.

[Bayart]

Gold has rarely been a particularly profitable asset.

[rafale]

It has an intrinsic value that can easily be explained. You absolutely need it for many uses (electronics, medical devices, jewelry in practice, ...). So there is always gonna be a buyer at a non-zero price.

Bitcoin, on the other hand, has a few things going for it (fixed monetary policy, decentralization, permissionless, ...) but I am not sure about the intrinsic value. The only thing that I can think of is its network effect and derived amazing hash power that secures it. You can't recreate that easily in a new cryptocurrency.

[thoughtstheseus]

You buy it for its negative or low correlation to other assets. It’s a non-productive asset. Easily marketable and convertible to other assets.

[choward]

That's because it's really just a standard commodity.

[KasianFranks]

We're talking about trading vehicles here. Traders will trade.

[arcticbull]

Equities are investment vehicles. If you choose to trade them, that's your decision - but you will lose, on average. 95% of day traders lose money [1]. Zero-sum financial instruments like futures and options and cryptocurrencies are trading vehicles. These are not the same.

[1] https://www.fool.com/investing/how-to-invest/stocks/day-trad...

[agumonkey]

A lot of semi educated traders frankly don't care. They follow crowd psychology based idioms with risk management. Cryptos are just a more volatile asset class to profit on.

[hamiltonians]

and some trades, strategies are way better than others